4 Hour Strategy (MACD)

Quoting nic73

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Hi Yaakruay, Ok, about the video you posted to me..... something about divergence did Philip imply for counter trade, one has to look for divergence (of the market and MACD)? {image}

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Quoting LifesAbeach

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Hi Nic If I may add on to Richard's comments. Remember that a Double Top(DT) and sHs(Head&Shoulders) are both reversal patterns. That means if you are in an uptrend and a Double Top or sHs occurs on the price OR the MACD it means that we might get a downmove next. What does this mean? If you've made some pips trading TC's during the week then risk some of those pips and take the CT(counter trend) when there is a DT or sHs supported by a resistance line or even a nice long tail. Go to BE when price gets to the 21ema and TP at the 89sma. (That could...

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Quoting yaakruay

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{quote} Nice mate...... can you show us examples on your charts... I would like to see them too.... Looks like Binnie has given himself a red card for some reason...hope he comes back..his posts were always good with chart uploads.. I had a shit week...lost what i gained the week before....on GBP/USD... got angry and went nuts just pure gambling on Friday afternoon....proper idiot... Taking trades on my phone app..it's just stupid....don't do it

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Quoting LifesAbeach

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{quote} Hey Hey Don't worry next week you'll make up for it. I was told that I'm trying to hijack the thread and blah blah blah (it wasn't Binnie or Phillip that said that). That was not my intention. Maybe Binnie got the same email. Haha. And don't worry...I will never leave this thread. It's either the 4H Market Rhythm or my Day job!! Here are some examples for those CT trades. {image} {image}

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Quoting LifesAbeach

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{quote} Hey Hey Don't worry next week you'll make up for it. I was told that I'm trying to hijack the thread and blah blah blah (it wasn't Binnie or Phillip that said that). That was not my intention. Maybe Binnie got the same email. Haha. And don't worry...I will never leave this thread. It's either the 4H Market Rhythm or my Day job!! Here are some examples for those CT trades. {image} {image}

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Quoting yaakruay

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{quote} Eur/Usd charts.. Start of the week maybe a bounce up to find a place to start selling from???? My charts to show what a CT trade could be like if it works... Not sure if i will be trading this and just wondered if anyone can add anything else. Reason to trade.(buy CT) Bounce off 1.3700 and WS1 Nice hammer looking candle Targets aimed for 8 / 21 / 89 Macd TC to zero line? Daily candle hammer off 89 maybe macd inverse sHs {image}

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Quoting yaakruay

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{quote} Yup, that is what people look for divergence. Price going up and macd going down..or visa a versa price going down and macd going up.. Its easy to see on the charts in the past history where this happens. Counter Trend = CT comes with a government warning... It's the most common and easiest way to lose money fast...the profits and trades are mostly short and can be fast but they are in the opposite direction of the trend, which is why people lose money as the trend continues. Believe me, counter trend trading appeals to the eye as you can...

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Quoting LifesAbeach

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Hi Nic If I may add on to Richard's comments. Remember that a Double Top(DT) and sHs(Head&Shoulders) are both reversal patterns. That means if you are in an uptrend and a Double Top or sHs occurs on the price OR the MACD it means that we might get a downmove next. What does this mean? If you've made some pips trading TC's during the week then risk some of those pips and take the CT(counter trend) when there is a DT or sHs supported by a resistance line or even a nice long tail. Go to BE when price gets to the 21ema and TP at the 89sma. (That could...

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Quoting nic73

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{quote} Hi, Thanks for your insight. I tried EURUSD, EURJPY, USDCHF and EURGBP. Some of these recommended by Philip. But I find them difficult to trade and signals don't come often. So I am testing out AUDUSD and NZDUSD and the results are more promising. I am trading 1 and 4 hr time frame. Trading the 4hr TF only is very boring. Which TF do you trade? Can you enlighten me on trading 1hr TF? Nicholas

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Quoting LifesAbeach

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{quote} Hey Hey Don't worry next week you'll make up for it. I was told that I'm trying to hijack the thread and blah blah blah (it wasn't Binnie or Phillip that said that). That was not my intention. Maybe Binnie got the same email. Haha. And don't worry...I will never leave this thread. It's either the 4H Market Rhythm or my Day job!! Here are some examples for those CT trades. {image} {image}

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Quoting LifesAbeach

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Hi Nic If I may add on to Richard's comments. Remember that a Double Top(DT) and sHs(Head&Shoulders) are both reversal patterns. That means if you are in an uptrend and a Double Top or sHs occurs on the price OR the MACD it means that we might get a downmove next. What does this mean? If you've made some pips trading TC's during the week then risk some of those pips and take the CT(counter trend) when there is a DT or sHs supported by a resistance line or even a nice long tail. Go to BE when price gets to the 21ema and TP at the 89sma. (That could...

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Quoting LifesAbeach

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{quote} Hey Hey Don't worry next week you'll make up for it. I was told that I'm trying to hijack the thread and blah blah blah (it wasn't Binnie or Phillip that said that). That was not my intention. Maybe Binnie got the same email. Haha. And don't worry...I will never leave this thread. It's either the 4H Market Rhythm or my Day job!! Here are some examples for those CT trades. {image} {image}

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Quoting yaakruay

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{quote} I trade micro lots as in real money (10p per pip for me mostly but i do trade higher sometimes if my heart can take it) LAB trades real money too but i don't know how much per pip. This is not just some random made up stuff where we say buy here and sell there..no sir..we are risking real money when talking about set ups...not on demo. Bouncing around different currencies can be more difficult because you miss set ups whilst searching and overlook them. Last month the kiwi and Aussi went on a month long bull run up...easiest way to make...

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Quoting nic73

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{quote} Hi, How should I address you? Yaakruay? I am Nicholas. Umm.... I am afraid with my limited English and MACD system understanding I cannotfully understand your post above. Especially the part you said about taking the trade following the 4hr system...... how does that actually work. I mean when you are entering trades on a shorter TF how does the 4hr indicate the timing for taking the shorter TF trade. Also, can you send me more examples on trading shorter TF? Sorry for the trouble. and thank you

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Quoting mike1349

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{quote} Hi, I've been following this thread from long time ago.Just a quiet reader, on and off. First thank you for Nice,Clean charts and also thank you for keeping the thread Live. I got a quick question if you don't mind , Is your entries on CT trades occurs on MACD zero break?(I mean after seeing HSH on MACD ) Regards Mike

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Quoting nic73

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{quote} Hi, With regards to you post 27285, they are both CT right? Ok, you charts gave me this opportunity to ask this question which I have been debating for a long time. The question I have is within the chart that you have posted earlier. Please if you don't mind refer to the chart below. Thank you. {image}

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Quoting LifesAbeach

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{quote} Hi Mike. Remember a CT trade is when you get a Round Top (RT) or a Round Bottom (RB) on the MACD. I will take the trade on the 3rd round bottom (the right shoulder of the sHs). See attachment. Hope this makes sense. If not let me know. Just remember you can't just take a trade if you see a sHs on the MACD. You need to take other stuff (like S/R and TL's and MA's) into consideration. {image}

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