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4 Hour Strategy (MACD)

  • #27,081
  • Feb 28, 2014 2:06am Feb 28, 2014 2:06am
Quoting binnie
{quote} Apologies Buddy - we all know I mean't to say FOOTBALL. In the old days = we used to call rugby FOOTY and the Royal Game of FOOTBALL was always called SOCCER. No wonder we are a confused ;lot eh ??!! See the Kiwi did as we suspected it might - drag the Aussie back up from its 200ma. Setting up for possible TC back down ?? What you think Richard. {image}

It's okay everyone outside of the UK makes the same school boy error, we never get tired of correcting people...

That's us the delusional Brits the old conquers of the World... I love how Putin verbally slapped Cameron (British PM) last year absolutely brilliant "Britain is a small island no one listens too" and that is us... we know our place but we do like to imagine we are still the olde colonials .. Ignorance is bliss.

Back to reality...

The h4 is showing me a bearish move coming, nice TC from the broken TL

But can i see a big head and shoulders on the daily waiting to touch the 365...that is what i think will happen.

So how can the H4 follow this plan?

Have a good weekend...happy dancing in the dark.... that's like my trading
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  • #27,082
  • Feb 28, 2014 5:56am Feb 28, 2014 5:56am
Quoting Phillip Nel
Regards {file}
Many thanks again for the videos Phillip.

Regards
  • #27,083
  • Feb 28, 2014 7:05am Feb 28, 2014 7:05am
Hello, anybody here already combined,

SMA 17-72?

MACD 17-72-34?
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  • #27,084
  • Feb 28, 2014 12:48pm Feb 28, 2014 12:48pm
Quoting wendvieira
Hello, anybody here already combined, SMA 17-72? MACD 17-72-34? {image}

I have tried crossover trading and with the indicator you are using with the arrows... (i may even give it another go but not today)

However, this thread is dedicated to one strategy only, if you wish to discuss your strategy you will need a different thread.

In this thread we only use the ones below

1. 365 Exponential Moving Average (365EMA)
2. 200 Simple Moving Average (200SMA)
3. 89 Simple Moving Average (89SMA)
4. 21 Exponential Moving Average (21EMA)
5. 8 Exponential Moving Average (8EMA)


MACD:
MACD settings at
1. Fast EMA 5
2. Slow EMA 13
3. MACD EMA 1


Please ask any questions
  • #27,085
  • Feb 28, 2014 4:02pm Feb 28, 2014 4:02pm
Sorry, but it was not my intention to propose another topic within that, I asked the question because since you had a configuration of the MACD, could test another, my intention was only to help.
Sorry again.
Good weekend to all.
  • #27,086
  • Edited 11:38pm Feb 28, 2014 11:25pm | Edited 11:38pm
Quoting wendvieira
Hello, anybody here already combined, SMA 17-72? MACD 17-72-34? {image}
Hi if you use the moving averages as boundaries like Phillip does then in my opinion I don't really think it matters what moving averages you use. If you use different moving averages you will probably have a different market rhythm. But in the long run both market rhythms will probably end up giving the same amount of winners and losers.

But if you use it as a crossover system then I agree with yaakruay that it is a total different strategy. And in my opinion (just mine) a strategy that gives you a BE result in the long run. If crossover systems worked there would be an EA available and everyone would be using it.
  • #27,087
  • Edited 2:46am Mar 1, 2014 2:30am | Edited 2:46am
Quoting wendvieira
Sorry, but it was not my intention to propose another topic within that, I asked the question because since you had a configuration of the MACD, could test another, my intention was only to help. Sorry again. Good weekend to all.

Yeah, i can see what you meant now, my first post was not mean to be rude, just advising what we discuss on this thread.

Plus i gave you the details for the ma amd macd that we use, that was for your benefit so you didn't have to find those details out in all the information available.


Wendvieira....if you stay on this thread, you will see set ups posted that you will be able to trade or monitor. I'm not sure how many other forums/threads give good set ups before they happen...i don't think many do....only signal sellers usually....

Plus, Phillip has said if you can use something that makes the system better and more profitable for you, then use it. This system evolves around you so it's good to talk about other things too.

I want to start looking at the daily/weekly and monthly candles as they can give you the direction for trading and then you can utilize the 4 hour system to get in the right direction...that is my goal...
  • #27,088
  • Mar 1, 2014 4:56am Mar 1, 2014 4:56am
Thank you guys.
  • #27,089
  • Mar 1, 2014 7:51am Mar 1, 2014 7:51am
Quoting wendvieira
Thank you guys.

This is what i can see on the EURUSD for next week.

I will be waiting for the 50% retrace or less of the move up...then if the macd 4 and all line up...can look for a nice buy signal...from a TC.

If trading is clockwork, that should be the market rhythm...at least in my eyes... anyone else?


I'm not sure if my fib is in the right place, because if i move it up to the bottom of the very last swing, 50% retrace hits the 8 ma...that would be perfect and with a TC on macd...

happy days..
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  • #27,090
  • Mar 2, 2014 12:28am Mar 2, 2014 12:28am
Quoting yaakruay
{quote} You meeting Phillip? This is the best cover version I have heard of one of his songs.. http://www.youtube.com/watch?v=tS_fK5YiRNM Have fun dude...
Thanks Richard,
She 's got a neat accent eh!!

Fun to listen to
  • #27,091
  • Mar 3, 2014 12:42am Mar 3, 2014 12:42am
Quoting binnie
{quote} Howdy FW - How did you end up ? Not sure whether it got to the 20 before that mongrel Bear Bar attacked. I did get a TC but my signal candle had too much retrace in it. Wanted to see a clear BULLISH close. Can I ask what your Stop Loss was - Try to remember that you must be looking at a minimum 1:1 RR. Thanks for posting - it gives us all a chance to question why we would or would not take a trade. We all learn from each other - it's a Win/Win. {image}
Hi Binnie,

Took me some time to reply this coz I was busy last week. It was my latest trade ever since and I've just managed to settle things and back to my normal trading life. LOL. No I didnt get the 20 I targeted at first and yes the price went down pretty bad. My stop loss at 40 pips and there it goes down the drain when the price touched 1.3712....
Trust you now back from Auckland safe and sound. Have a nice day mate.
  • #27,092
  • Mar 3, 2014 2:27am Mar 3, 2014 2:27am
OK - weekend is over: Let the Games begin-

Entry on m5 chart - 1st close above the H4 Resistance line ( pink). Looks like starting a wee pullback so have to be patient with this one.

Attached Image (click to enlarge)
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I do have a contingency plan here as well - If price cannot make it all the way up to that recent High and is turned back again, it could signal the start of a H & S setup. See next screenshot to help explain what I am thinking.

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Anyone else following a setup ???
  • #27,093
  • Mar 3, 2014 2:31am Mar 3, 2014 2:31am
Quoting freewilly
{quote} Hi Binnie, Took me some time to reply this coz I was busy last week. It was my latest trade ever since and I've just managed to settle things and back to my normal trading life. LOL. No I didnt get the 20 I targeted at first and yes the price went down pretty bad. My stop loss at 40 pips and there it goes down the drain when the price touched 1.3712.... Trust you now back from Auckland safe and sound. Have a nice day mate.
Cheers FW - thanks for the greetings. Yep - home safe & sound. Great weekend but the funs over & back to work today.
The market was mean not to give you a few pips buddy. Oh well - on to the next one eh?
  • #27,094
  • Mar 3, 2014 12:49pm Mar 3, 2014 12:49pm
Quoting yaakruay
{quote} This is what i can see on the EURUSD for next week. I will be waiting for the 50% retrace or less of the move up...then if the macd 4 and all line up...can look for a nice buy signal...from a TC. If trading is clockwork, that should be the market rhythm...at least in my eyes... anyone else? I'm not sure if my fib is in the right place, because if i move it up to the bottom of the very last swing, 50% retrace hits the 8 ma...that would be perfect and with a TC on macd... happy days.. {image}
Good read there Richard - looking good buddy. Bouncing away from the 21 ( & the 50 fibo ) and the Macd is shaping well too.
Get ready for a ride . The ultimate is the 161 Extension around 1.3930 but there is a couple of possible trouble areas before that. The BRN is the 1st Resistance at 1.3800 and then follows a strong Weekly T/L Resistance right on top of the next BRN at 1.3900.
What about 3 trades & take 1 off at each level.??

Attached Image (click to enlarge)
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  • #27,095
  • Mar 3, 2014 12:59pm Mar 3, 2014 12:59pm
Quoting yaakruay
{quote} Your English is good and easy to understand. Everyone's charts are slightly different because it's your broker and their computer server that makes the time gmt or + on your charts. My charts are plus +1 gmt and i live in the UK... You have to study the system and use it as it appears on your charts..sometimes you get a signal while others do not.. That is just the way it is....you have to read your charts..... do not worry about matching your charts to Phillips or anyone else's .
yaakruay, thank you very much for your reply. can you show me how to get MACD with 2 colors signal?
again thank you
  • #27,096
  • Mar 3, 2014 1:16pm Mar 3, 2014 1:16pm
Quoting myhong
{quote} yaakruay, thank you very much for your reply. can you show me how to get MACD with 2 colors signal? again thank you
You can try this one...

Do you know how to install them on mt4?

Program files....mt4....indicator file...

good luck
Attached File(s)
File Type: mq4 MACD_Colored_v103.mq4   13 KB | 322 downloads
  • #27,097
  • Mar 3, 2014 1:21pm Mar 3, 2014 1:21pm
Quoting binnie
{quote} Good read there Richard - looking good buddy. Bouncing away from the 21 ( & the 50 fibo ) and the Macd is shaping well too. Get ready for a ride . The ultimate is the 161 Extension around 1.3930 but there is a couple of possible trouble areas before that. The BRN is the 1st Resistance at 1.3800 and then follows a strong Weekly T/L Resistance right on top of the next BRN at 1.3900. What about 3 trades & take 1 off at each level.?? {image}

Okey dokey.....

Big gaps from Sunday...surely means the markets will not be working like clockwork.....not yet closed those huge gaps....

I see that top trendline ..just waiting for the Euro to die from it...but 1.3850 is a nice area to close a buy from......

Just while typing it looks like the kiwi might boom up..plan A..

Euro....waiting and waiting...its looking bearish on H1...danger danger
  • #27,098
  • Mar 4, 2014 1:56am Mar 4, 2014 1:56am
Quoting binnie
{quote} Good read there Richard - looking good buddy. Bouncing away from the 21 ( & the 50 fibo ) and the Macd is shaping well too. Get ready for a ride . The ultimate is the 161 Extension around 1.3930 but there is a couple of possible trouble areas before that. The BRN is the 1st Resistance at 1.3800 and then follows a strong Weekly T/L Resistance right on top of the next BRN at 1.3900. What about 3 trades & take 1 off at each level.?? {image}

Well it played out as planned, at least to the 50% retrace...good olde Euro....

Did i play.........missed it totally....whilst sleep time in the UK...

Really i should have put a pending buy order in.....bugger.....1 to remember....


I am trying to play it second time round...at the level 1.3750.(buy)..... let's see... playing on the 5 min

To be honest this is more gambling than having a nice set up....the nice set up was from the 50% retrace.... easy pips..

I am anticipating a move up to close the gap..... this is speculating and gambling.... not a nice set up....
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  • #27,099
  • Mar 4, 2014 10:07am Mar 4, 2014 10:07am
I haven't seen any nice setups for quite some time now. Maybe it's just me. Haha

Binnie the NZDUSD looked good and with lots of dojis on the 21ema and then finally a nice bullish candle. I missed this one. I would have gone to BE at the 0.84 price level. TC however did not look perfect on my chart.
  • #27,100
  • Mar 4, 2014 10:13am Mar 4, 2014 10:13am
Quoting binnie
{quote} Good read there Richard - looking good buddy. Bouncing away from the 21 ( & the 50 fibo ) and the Macd is shaping well too. Get ready for a ride . The ultimate is the 161 Extension around 1.3930 but there is a couple of possible trouble areas before that. The BRN is the 1st Resistance at 1.3800 and then follows a strong Weekly T/L Resistance right on top of the next BRN at 1.3900. What about 3 trades & take 1 off at each level.?? {image}
I'm almost sure you've got the 21sma on your chart. Don't know if you are aware of it.
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