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4 Hour Strategy (MACD)

  • #27,341
  • Apr 16, 2014 3:31pm Apr 16, 2014 3:31pm
Quoting nic73
Hi guys, Time to post my question again on this forum. It about AUDNZD a couple of days ago. I thought the market was moving and wanted to enter after the close of the 4hr candle but then there was a long spike (on top) of the candle at close. That spike there, is there an indication that something is happening in the market and that it is not time to enter the trade as it might mean price cannot move up any further? Or should I take the trade since it has broken the 21ema and enter for buy? As indicated in the chart, price move upward and make...

It has been quiet on here but i have been enjoying the first rays of sunshine in the day and evening and enjoying a drink or two outside..... hiccup.... hahaha

Sorry, I know this is of no help to your question, I just wanted you to know that you are not alone and people are reading but not answering.

It's a long weekend in the UK so i will not be posting much as i have too much on and this is the same for most people here in the UK i would think..

Keep asking and posting that's all i can suggest..

ps..i like your charts/uploads...did you take the trade.....?
  • #27,342
  • Apr 16, 2014 7:05pm Apr 16, 2014 7:05pm
Quoting nic73
Hi guys, Time to post my question again on this forum. It about AUDNZD a couple of days ago. I thought the market was moving and wanted to enter after the close of the 4hr candle but then there was a long spike (on top) of the candle at close. That spike there, is there an indication that something is happening in the market and that it is not time to enter the trade as it might mean price cannot move up any further? Or should I take the trade since it has broken the 21ema and enter for buy? As indicated in the chart, price move upward and make...
Hi Nic,
My answer would be what kind of trader you are? Aggressive,High risk trader would take it but conservative trader wouldn't
Regards
Mike
Failure, is a wonderful teacher!
  • #27,343
  • Apr 16, 2014 7:06pm Apr 16, 2014 7:06pm
Quoting nic73
Hi, I am posting another question here. I am not a person who can express myself very well, but I hope the thoughts in my mind is made clear and understandable here. It's about EURUSD, I have the questions within the chart. Hope someone can help. Thanks once again.{image}{image}
Answer to question 1) NO

2) I would

Mike
Failure, is a wonderful teacher!
  • #27,344
  • Apr 16, 2014 7:44pm Apr 16, 2014 7:44pm
Hi all,

Thanks to those to replied to my posts. So I gather different traders have different opinions - one say yes, another no and yet another don't know. That's what makes human being unique. We all see things differently and carry our own opinion but yet we are all learning from each other and succeed in our own ways. How nice.

Mike, would you have the time to share how you make your decision?

LAB I am reading and analyzing your reply. Nice ones. Thankful for your effort.

Richard, no I did not take the trade. And I did my charts on "Jing" as recommended by you guys. And I learn a lot from Binnie how he did his chart. Enjoy your long weekend Richard. It's long weekend for me too. I haven't seen much of Binnie since I become active in this forum again.

BTW, do people trade much on Easter Friday and Monday?

Nicholas
  • #27,345
  • Apr 16, 2014 9:13pm Apr 16, 2014 9:13pm
Quoting LifesAbeach
{quote} Again these are only my opinions and I might be completely wrong: I won't be to much concerned with the 1H 89sma since you are trading the 4H TF. I would however consider the 89sma on the Daily TF to be Support/Resistance but again it probably all depends on your trading style and how you trade. When the MACD (your red line on the MACD) crosses the zero line it just means that price is moving past the 21ema. As far as I know this is not one of the entry rules for the 4H MACD System. (I might be wrong). I would rather wait for price to make...
1. Must we always wait for a breakout, pull back and move away for every trade?
2. If I am trading on the 4hr time frame, do the pull back has to be on the 4hr TF or can I use the 5min, 15min or 1hr TF etc to confirm that?
  • #27,346
  • Edited 1:27am Apr 17, 2014 1:10am | Edited 1:27am
Quoting nic73
{quote} 1. Must we always wait for a breakout, pull back and move away for every trade? 2. If I am trading on the 4hr time frame, do the pull back has to be on the 4hr TF or can I use the 5min, 15min or 1hr TF etc to confirm that?

I don't know what happened to Binnie, for me he was a driving force to stay around this thread and develop my trading skills using this system, as he always offered his opinion in a positive way and showed lots of charts to explain, see his last post, he kind of just quit but with no explanation.

Happy days for Binnie whatever he's doing, he did mention he was going to trade real money instead of demo, which makes it all the more surprising that he wouldn't continue posting, or maybe he just got bored...

This happens though, when you read the thread you see lots of the same posters and then they disappear, that is just the way it is.

To answer your question.

1)The BPM on the H4 is the safest way not to lose money and to be in the right side of the trade and trend. IMHO.

1a) You don't have to use it every trade as there are different trading signals (RT/RB/TC/DT/DB/HsH etc in this system, but it is one of the safest. You would not get many signals using this only, but you probably wouldn't lose money, and you would gain good pips every month. I don't anyone who would have the patience to do that though, I know i haven't.

2)If you can catch it earlier on a lower time frame, yes you can do that but you need to know what a H4 BPM looks like when on a lower time frame.


This is my version of a BPM, i was trying to find the latest one so I could see that someone may have traded. It's probably not text book but that's my version.

Price needs to come from under or above in this case the 89 to Breakout, pullback then move away.

Need to keep an eye on that one that maybe forming, will it work, will it give us a signal?


Happy holidays all, one more day of work, don't think the price will move much today....happy hangovers and back to work Tuesday...hehehe
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  • #27,347
  • Apr 17, 2014 2:01am Apr 17, 2014 2:01am
Quoting yaakruay
{quote} I don't know what happened to Binnie, for me he was a driving force to stay around this thread and develop my trading skills using this system, as he always offered his opinion in a positive way and showed lots of charts to explain, see his last post, he kind of just quit but with no explanation. Happy days for Binnie whatever he's doing, he did mention he was going to trade real money instead of demo, which makes it all the more surprising that he wouldn't continue posting, or maybe he just got bored... This happens though, when you read...
Howdy Richard, I'm still around buddy. Just trying to set myself up with a live account. With my work now I have found it too time consuming monitoring charts and then posting and replying to posts. I do miss our daily banter but I promise to return to posting once I am underway with my plans.
You are doing great - keep it going. There is a saying that " the best way of learning is to teach ". Keep the thread going ( you & Lifer that is ). The Boss & Yvon (Trademin) are watching too. I will keep an eye on things as well - I just need some time for myself for a wee while longer.
Meantime - I have my screen setup to show you . I will be sticking to these USD crosses only.
Trade safe mate - please keep your posts going. Looks like there's a few others starting to join in.
Happy Easter all.

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  • #27,348
  • Apr 17, 2014 12:08pm Apr 17, 2014 12:08pm
Quoting nic73
{quote} 1. Must we always wait for a breakout, pull back and move away for every trade? 2. If I am trading on the 4hr time frame, do the pull back has to be on the 4hr TF or can I use the 5min, 15min or 1hr TF etc to confirm that?
Again for all these questions there could be many answers. So again these are just my opinions. A person will probably learn the correct way of doing it from experience. That is if there is a correct way.

Question1: If I am trading the 4H TF and there is a Trendline (TL) in the way I will try and position myself for a breakout. That means enter before price has reached the TL and ones price has reached the TL go to BE and hope that price breaks the TL. (Phillip explains this throughout the thread). If you can't position yourself for a breakout the other option is to wait for a Breakout, pullback and moveaway (BPM) - the conservative way.

Question2: Also very difficult. This is what I do. If my TL is on the DAILY TF I look for a BPM on the 4H TF. If my TL is on the 4H TF I look for a BPM on the 1H TF and so on.....

Here's a trade I took today which had the same signal candle that you asked about. It had me wondering so I followed Mike's advise and took it. The body of the candle was quite big though.
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  • #27,349
  • Apr 17, 2014 3:17pm Apr 17, 2014 3:17pm
Easter Bunny Gift

Hi guys - happy & safe Easter to you and your families.
I just wanted to share this with you - the H4 Macd method does not get any better explained than in this picture of my Aussie Trade last nite. It repeats over & over . Be patient - wait for Rythym to play out.
I see guys starting to use BPM - yes I use it all the time now ( Binnies Personal Move - LOL ) but credit where it is due, our teachers have been telling us this since I started on the thread. It is not unique - it's just easier to explain by using the Abbreviated letters.

Attached Image (click to enlarge)
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@ YVON - they have coaxed me out of my little dreamworld buddy.
  • #27,350
  • Apr 17, 2014 6:22pm Apr 17, 2014 6:22pm
Quoting binnie
Easter Bunny Gift Hi guys - happy & safe Easter to you and your families. I just wanted to share this with you - the H4 Macd method does not get any better explained than in this picture of my Aussie Trade last nite. It repeats over & over . Be patient - wait for Rythym to play out. I see guys starting to use BPM - yes I use it all the time now ( Binnies Personal Move - LOL ) but credit where it is due, our teachers have been telling us this since I started on the thread. It is not unique - it's just easier to explain by using the Abbreviated...
  • #27,351
  • Apr 18, 2014 10:07am Apr 18, 2014 10:07am
Quoting binnie
Easter Bunny Gift Hi guys - happy & safe Easter to you and your families. I just wanted to share this with you - the H4 Macd method does not get any better explained than in this picture of my Aussie Trade last nite. It repeats over & over . Be patient - wait for Rythym to play out. I see guys starting to use BPM - yes I use it all the time now ( Binnies Personal Move - LOL ) but credit where it is due, our teachers have been telling us this since I started on the thread. It is not unique - it's just easier to explain by using the Abbreviated...
well done Binnie! a picture worth a 1000 words!

Yvon
  • #27,352
  • Apr 18, 2014 2:43pm Apr 18, 2014 2:43pm
Welcome back guys. Now is not the time to start dreaming.

Binnie here is the modified indicator.
Attached File(s)
File Type: mq4 4HMACD.mq4   3 KB | 441 downloads
  • #27,353
  • Apr 18, 2014 2:59pm Apr 18, 2014 2:59pm
Hey everyone check out this video: http://www.compassfx.com/video/ip/21312/21312.html

It is a similar situation that we are having with the EURUSD. We had a gap which has not yet been filled during this week which means that we could now see a potential down move.
Attached Image (click to enlarge)
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  • #27,354
  • Apr 18, 2014 3:02pm Apr 18, 2014 3:02pm
For anyone interested here's a nice spread indicator that I found today.
Attached File(s)
File Type: mq4 SpreadMonitor-Phat.mq4   3 KB | 359 downloads
  • #27,355
  • Apr 18, 2014 6:52pm Apr 18, 2014 6:52pm
Quoting LifesAbeach
Welcome back guys. Now is not the time to start dreaming. Binnie here is the modified indicator. {file}
Hi Life,
sorry, may I ask what indi is that and what modification was done on it?

Thanks
Richard
Failure, is a wonderful teacher!
  • #27,356
  • Apr 18, 2014 7:35pm Apr 18, 2014 7:35pm
Quoting LifesAbeach
Hey everyone check out this video: http://www.compassfx.com/video/ip/21312/21312.html It is a similar situation that we are having with the EURUSD. We had a gap which has not yet been filled during this week which means that we could now see a potential down move. {image}
Thanks for the video.I was always baffled how to trade gaps.Now I got it

Mike
Failure, is a wonderful teacher!
  • #27,357
  • Apr 18, 2014 11:18pm Apr 18, 2014 11:18pm
Quoting mike1349
{quote} Hi Life, sorry, may I ask what indi is that and what modification was done on it? Thanks Richard
Hi It's the same as the MACD H4-300 V100 indicator. It just doesn't draw those horizontal levels on the MACD. For some reason when you use the new MT4 Build600 version it inserts these levels each time you log in.
  • #27,358
  • Edited 7:54pm Apr 21, 2014 7:25pm | Edited 7:54pm
Hi,

Thank you all for you replies. I am back trading after the Easter holidays. Hope you guys are back too. I am digesting all your replies and yes I think I have a slightly better idea of applying the system correctly now. Don't know if I am alone in this, reading and listening to the videos and lessons is one thing but applying it is quite another. It all sounds simple but to apply it in real life chart is not as simple as I thought. Boy, am i ever going to make?? Just don't know.

Nicholas
  • #27,359
  • Apr 21, 2014 8:47pm Apr 21, 2014 8:47pm
Quoting LifesAbeach
{quote} Again these are only my opinions and I might be completely wrong: I won't be to much concerned with the 1H 89sma since you are trading the 4H TF. I would however consider the 89sma on the Daily TF to be Support/Resistance but again it probably all depends on your trading style and how you trade. When the MACD (your red line on the MACD) crosses the zero line it just means that price is moving past the 21ema. As far as I know this is not one of the entry rules for the 4H MACD System. (I might be wrong). I would rather wait for price to make...
When the MACD (your red line on the MACD) crosses the zero line it just means that price is moving past the 21ema. As far as I know this is not one of the entry rules for the 4H MACD System.

Hi LAB,

I am quoting your reply (above statement) about MACD crossing zero line. I am not disagreeing with you about anything but need clarification about what happen when MACD crosses the zero line. In the lessons, Philip put it down that "Zero Break" as one of the major MACD Signal. This is from his pdf lesson "Major MACD Signal". So I take it that this is one of the signals for trade entry.
  • #27,360
  • Apr 22, 2014 10:49am Apr 22, 2014 10:49am
Quoting nic73
{quote} When the MACD (your red line on the MACD) crosses the zero line it just means that price is moving past the 21ema. As far as I know this is not one of the entry rules for the 4H MACD System. Hi LAB, I am quoting your reply (above statement) about MACD crossing zero line. I am not disagreeing with you about anything but need clarification about what happen when MACD crosses the zero line. In the lessons, Philip put it down that "Zero Break" as one of the major MACD Signal. This is from his pdf lesson "Major MACD Signal". So I take it that...
Hey Nic. A zero break is almost like a very very small RB or RT. But there should only be 2 to 4 bars inside the "RT" or "RB". So yes you do enter once the bar has closed above the zero line. Look at the difference between my chart and your chart.
You'll also notice that on Phillip's pdf file that the zero break example only has 3 bars inside the RT.

Again I'm not the expert here. So maybe others can also comment.
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