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4 Hour Strategy (MACD)

  • #27,201
  • Mar 17, 2014 3:35pm Mar 17, 2014 3:35pm
Quoting freewilly
AUDUSD trade closed. Profit booked 30 pips @0.9075.
Gangster mugging the market...

I got a healthy 20 pips from that move thanks to you and Binnie discussing it in the forum

That was pure profit of £2.07 real money...not demo..i never believe how excited i get at winning money no matter how small...scaling up will come in time

I went down to the m5 level once you had identified the trade as i wanted a quick in and out....

cheers all
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  • #27,202
  • Mar 17, 2014 3:45pm Mar 17, 2014 3:45pm
Quoting yaakruay
{quote} Gangster mugging the market... I got a healthy 20 pips from that move thanks to you and Binnie discussing it in the forum That was pure profit of £2.07 real money...not demo..i never believe how excited i get at winning money no matter how small...scaling up will come in time I went down to the m5 level once you had identified the trade as i wanted a quick in and out.... cheers all {image}

Careful, getting excited can mean that you are devastated by loses... and you can also build false confidence. Just speaking from my own experiences.


A
  • #27,203
  • Mar 18, 2014 1:47am Mar 18, 2014 1:47am
Quoting purplxd
{quote} Careful, getting excited can mean that you are devastated by loses... and you can also build false confidence. Just speaking from my own experiences. A

So true my friend, i have been trading(gambling) real micro lots for a while, so believe me i know all about losers! i am a loser to break even....just waiting to get over the loser - to break even part if it exists........ the nirvana

I had a brilliant start in January, lost the flipping lot in February(over confident / stupid / pure gambling) and am starting out slowly this month.

On another forum someone has a signature of :-

"Making Profit IS EASY, keeping it IS NOT!"

I sigh deeply or laugh each time i read it..
  • #27,204
  • Mar 18, 2014 7:25am Mar 18, 2014 7:25am
Quoting yaakruay
{quote} Gangster mugging the market... I got a healthy 20 pips from that move thanks to you and Binnie discussing it in the forum That was pure profit of £2.07 real money...not demo..i never believe how excited i get at winning money no matter how small...scaling up will come in time I went down to the m5 level once you had identified the trade as i wanted a quick in and out.... cheers all {image}
Glad to hear that bro .
  • #27,205
  • Mar 18, 2014 1:14pm Mar 18, 2014 1:14pm
Sorry guys been busy with some personal stuff. I wanted to throw my computer through the window when I saw these setups.I missed both of them. Hope someone took these TC's. They were perfect!!
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  • #27,206
  • Mar 18, 2014 1:23pm Mar 18, 2014 1:23pm
Quoting binnie
{quote} Ok - this is my H1 early entry. Perhaps Lifer & Richard can tell me if this the correct way to take these early ones. {image}
Hey Binnie and FW. Glad the trade worked out. What made you guys take the trade? The double bottom on the 89sma and price closing above 21ema?

You could probably use the 1H strategy here but I can't help you out with this one. I only use the 1H Strategy when price bounces off the 21ema on 4H TF and look for bounce off 89sma(or in between 21ema and 89sma) on 1H TF(round top/bottom).

When price is moving fast on the 4H TF and bouncing off the 8ema I look for a bounce off the 21ema on the 1H TF (TC).

Let me know if this doesn't make sense. This is how I use it and my understanding from previous examples on the thread.
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  • #27,207
  • Mar 18, 2014 1:25pm Mar 18, 2014 1:25pm
The pivot indicator I use.
Attached File(s)
File Type: ex4 WeeklyPivots_CompassFX.ex4   14 KB | 290 downloads
  • #27,208
  • Mar 18, 2014 2:47pm Mar 18, 2014 2:47pm
Quoting LifesAbeach
Sorry guys been busy with some personal stuff. I wanted to throw my computer through the window when I saw these setups.I missed both of them. Hope someone took these TC's. They were perfect!! {image} {image}
Good morning LAb, Not a nice feeling when you see what we are training for and miss the boat These were neat setups alright - for me personally, the most important piece of the signal here were the tagging & move away from the 21 but I agree with you, the other components of the setup all carry weight.
I too missed these but I was occupied elsewhere - The good old Kiwi had my full attention

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  • #27,209
  • Mar 18, 2014 2:53pm Mar 18, 2014 2:53pm
Quoting LifesAbeach
{quote} Hey Binnie and FW. Glad the trade worked out. What made you guys take the trade? The double bottom on the 89sma and price closing above 21ema? You could probably use the 1H strategy here but I can't help you out with this one. I only use the 1H Strategy when price bounces off the 21ema on 4H TF and look for bounce off 89sma(or in between 21ema and 89sma) on 1H TF(round top/bottom). When price is moving fast on the 4H TF and bouncing off the 8ema I look for a bounce off the 21ema on the 1H TF (TC). Let me know if this doesn't make sense....
Just heading off to work but need to digest your ideas here - makes a ton of sense to me and I think we are quite similar in what we trade. Great post mate - continue with this line later on as I think many of our silent followers may appreciate a discussion on what the H4 & H1 entries are based on. May help them (or they may even be able to help us LOL). Catch you guys later.
  • #27,210
  • Mar 19, 2014 1:51am Mar 19, 2014 1:51am
Hello fellow traders.
After a few years that I participated in this thread, I am happy to see it still alive. After sorting some work related things, I will have another go at forex.
But after installing everything back and setting up everything, indicators aren't working. (macd colored and clock). I have mt4 build 610. Does anyone have the same problems?

Regards,
Boris
  • #27,211
  • Mar 19, 2014 3:14am Mar 19, 2014 3:14am
Kiwi still playing the game:

Closed my 2nd long - did not make it back up to the Resistance and has rolled over on the Macd to show a nice RT. Rules allow a CT back towards the 21 so have entered on the close of the trigger bar. Trying for 30 so see how it goes. So far the 8ma is holding up any progress so hoping that we don't see a TC long off the 8. Will look much nicer if a TC comes from the 21 cos then I will be back on board heading north .

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  • #27,212
  • Mar 19, 2014 3:20am Mar 19, 2014 3:20am
Quoting Matrisdoo
Hello fellow traders. After a few years that I participated in this thread, I am happy to see it still alive. After sorting some work related things, I will have another go at forex. But after installing everything back and setting up everything, indicators aren't working. (macd colored and clock). I have mt4 build 610. Does anyone have the same problems? Regards, Boris
Howdy Boris - welcome back. Look forward to your posts. Sorry but I am not much help with loading the Indicators/templates etc but there will be a few guys along soon that I'm sure will be able to help you . Enjoy your time back here.
  • #27,213
  • Mar 19, 2014 3:20am Mar 19, 2014 3:20am
Quoting binnie
{quote} Just heading off to work but need to digest your ideas here - makes a ton of sense to me and I think we are quite similar in what we trade. Great post mate - continue with this line later on as I think many of our silent followers may appreciate a discussion on what the H4 & H1 entries are based on. May help them (or they may even be able to help us LOL). Catch you guys later.

Another busy week and not much time to read.... (i've lost my internet connection and 3g so many times this week, I may as well live in Burma! haha)

Getting in early comes from the videos this poster put up napalc

Great work from the m5 chart....but you cannot just go to the M5 and do this...it needs to be with the market rhythm from the h4...that is the important detail.
  • #27,214
  • Mar 19, 2014 4:57am Mar 19, 2014 4:57am
Quoting binnie
Kiwi still playing the game: Closed my 2nd long - did not make it back up to the Resistance and has rolled over on the Macd to show a nice RT. Rules allow a CT back towards the 21 so have entered on the close of the trigger bar. Trying for 30 so see how it goes. So far the 8ma is holding up any progress so hoping that we don't see a TC long off the 8. Will look much nicer if a TC comes from the 21 cos then I will be back on board heading north . {image}
Here's a curly one guys - just heading off to bed and checking my short on the Kiwi. Find it has closed for some reason and I cannot access account history to see what & where this has happened. It's as if there is no account history at all??? Only sim account but does anyone have similar experiences to share.?
Thanks guys - catch up tomorrow.
  • #27,215
  • Mar 19, 2014 7:08am Mar 19, 2014 7:08am
Quoting yaakruay
{quote} Have you experienced installing other indicators or is this the first time, once you know how to do it, it's a simple process. When you go to the indicator button and the pulldown menu appears are you going to the custom tab? you should see the indicator there.. Can you show screen shots of your problem..its much easier for me to understand... cheers...
Hello Mate

Below is my screenshot from my Oanda MT4, others indicator there are no problem to perform execution. And the only is the MACD indicator which i download from this thread.

When i try to double click the MACD_Colored_v103, there is nothing happen and nothing pop up for me to change setting, and my chart still the same.

Help are appreciated.

Regards
Mr.AG
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  • #27,216
  • Mar 19, 2014 7:10am Mar 19, 2014 7:10am
Quoting binnie
@ Mr. AG Welcome to the thread. Neat family here. look forward to sharing with you.
Hello binnie

Thanks for your warm welcome.Looking forward to learn from experiences trader like you.

Thanks in advance and good luck in trading.

Regards
Mr.AG.
  • #27,217
  • Mar 19, 2014 9:31am Mar 19, 2014 9:31am
Possible setup. 30minutes before candle close. Let's see what happens.
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  • #27,218
  • Mar 19, 2014 9:35am Mar 19, 2014 9:35am
Looking at a possibility of another down trend resume on GBPJPY...
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  • #27,219
  • Mar 19, 2014 9:41am Mar 19, 2014 9:41am
Quoting freewilly
Looking at a possibility of another down trend resume on GBPJPY... {image}
Looks good. Just be careful of the Head&Shoulder and divergence.
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  • #27,220
  • Mar 19, 2014 9:51am Mar 19, 2014 9:51am
Quoting Mr.AG
{quote} Hello binnie Thanks for your warm welcome.Looking forward to learn from experiences trader like you. Thanks in advance and good luck in trading. Regards Mr.AG.
Hi go here: http://forums.babypips.com/fxcm/6234...ild-600-a.html

There they explain to which folder to copy the indicators to for the MT4Build600... thing. Let us know if it works.
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