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4 Hour Strategy (MACD)

  • #27,381
  • Apr 29, 2014 4:52am Apr 29, 2014 4:52am
Quoting rozeweb
Hi, Can any body tell me where to start step by step this system, I am very confused . This thread has ton of posts and unable to start,, Please help
Hi Rozeweb. This would be the best place to start: http://www.forexfactory.com/showthread.php?t=14630

And don't be lazy.

Feel free to ask questions while working through the files.
  • #27,382
  • Apr 29, 2014 4:55am Apr 29, 2014 4:55am
It's unbelievable... there have been over 200 000 downloads of the 4H MACD strategy pdf on post 1. What happened to everyone!!

...hmmmmmm maybe they're sitting on some island drinking beer.
  • #27,383
  • Apr 29, 2014 5:00am Apr 29, 2014 5:00am
Quoting LifesAbeach
It's unbelievable... there have been over 200 000 downloads of the 4H MACD strategy pdf on post 1. What happened to everyone!!

Thanks LifeAbeach ,

I Can see there are 13 Lessons , First I have to read those lessons then what ?
  • #27,384
  • Apr 29, 2014 6:24am Apr 29, 2014 6:24am
Quoting rozeweb
{quote} Thanks LifeAbeach , I Can see there are 13 Lessons , First I have to read those lessons then what ?
First break up with your girlfriend. There won't be time for that. Then start backtesting and look for good setups on your charts. Make a copy of these setups and learn them. Start demo trading. Watch all the videos on www.compassfx.com (there are about 500 of them)
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  • #27,385
  • Apr 29, 2014 8:12am Apr 29, 2014 8:12am
Quoting LifesAbeach
{quote} First break up with your girlfriend. There won't be time for that.
LifesAbeach

Thanks you so much , You explained in a very easy way . Definitely I was confused due to My " Girl Friend " .

Now I am reading step by step . I am trading with Divergence method with the help of support and resistance areas . For this I am using " Osma " indicator. I am very happy to see this MACD strategy which is very easy . Now I can mix these both strategy for more reliable signals.

I am very surprised to see indicator " MACD_H4_300_v100 " here. People are telling its a custom MACD. It is not true. Its a My favorite " Osma customized Indicator "
  • #27,386
  • Apr 29, 2014 11:30am Apr 29, 2014 11:30am
Hello Yaakruay,

I was talking about about the week/month chart.
I mean it found resistance and is now changing directions no?

Thank you for your reply and I will take your knowledge into account.

Regards,
Navinci
  • #27,387
  • Apr 29, 2014 1:08pm Apr 29, 2014 1:08pm
Quoting rozeweb
{quote} LifesAbeach Thanks you so much , You explained in a very easy way . Definitely I was confused due to My " Girl Friend " . Now I am reading step by step . I am trading with Divergence method with the help of support and resistance areas . For this I am using " Osma " indicator. I am very happy to see this MACD strategy which is very easy . Now I can mix these both strategy for more reliable signals. I am very surprised to see indicator " MACD_H4_300_v100 " here. People are telling its a custom MACD. It is not true. Its a...


Inserted Video


You'll soon become bored of your new girlfriend - She wants far too much attention than most people can give...

So have a little floozy on the side, this will cheer you up..

Everything you ever need wrapped up in one video.
  • #27,388
  • Apr 29, 2014 1:24pm Apr 29, 2014 1:24pm
Quoting LifesAbeach
It's unbelievable... there have been over 200 000 downloads of the 4H MACD strategy pdf on post 1. What happened to everyone!! ...hmmmmmm maybe they're sitting on some island drinking beer.

You're thinking that because you're going through the thread and seeing how people come and go and have been asking the same questions over and over...it's quite fascinating really.

However, it does get me thinking....

Do people just stop playing after realising it's just gambling and the house wins in the end.

Do people actually make money and just move off doing their own thing.

Obviously you have the people who come and go within a short space of time as they don't have the patience..there was that guy a few months back..posting really long posts and saying all the right things and then kaboom...dead....

I'm not sure which stage i am at...i know at a £1 per pip i could make some killer money in short space of time but that it can be lost just as fast.

Anyway, i have just messed around with my templates and cut them back to basics again as i was getting off course from the h4 system...

So happy days and pips all..
  • #27,389
  • Edited 9:30pm Apr 29, 2014 9:10pm | Edited 9:30pm
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Quoting LifesAbeach
{quote} Hey Nic here's the answer to your question. From Phillip himself. I found this mp3 while going through the thread. If the signal candle has a tail go to the 1H for Price Action confirmation. If the candles don't look good on the 1H wait for price to pass the 78.6 Fib Level. Remember that I posted my chart and my 4H chart looked different from yours because we have different brokers. Therefore a "bad looking" 4H candle on your chart might be a "good looking" candle on my chart. The nice thing about switching to the 1H TF is that all the broker's...
Hello LAB,
Thanks for taking interest with the question I posted. You are still thinking about it after so many days and that's an encouragement to me that people in this forum do care.

But apologies for taking so long with this reply. My PC was down ..... which I hate. But am putting things back on track gradually. Ok I have the chart here that you asked me to post.

Regards,
Nicholas

Attachment
  • #27,390
  • Apr 29, 2014 10:24pm Apr 29, 2014 10:24pm
Quoting LifesAbeach
{quote} Hi Nic You have to use this indicator if you want to add the levels. {file}
Ok. But does not seem to work on all pairs.
  • #27,391
  • Apr 30, 2014 1:57am Apr 30, 2014 1:57am
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These were 2 trades I did two days ago. Made some 20-30 pips in total.
  • #27,392
  • Apr 30, 2014 3:28am Apr 30, 2014 3:28am
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Took AUDNZD for BUY at 1600hr today. Trade is still running at the time of posting. Looks like price stalled at around the entry price. Took the trade on the basis that market opened at higher price. Hopefully, market will break the resistance and make it further to the north.

At the meantime, please comment on my analysis and tell me what you think. Thank you and happy trading.
  • #27,393
  • Apr 30, 2014 3:35am Apr 30, 2014 3:35am
Quoting nic73
{image}{image} These were 2 trades I did two days ago. Made some 20-30 pips in total.
I think the NZDUSD was a very good trade. The Daily TF also confirmed the direction downwards. As well as some divergence on the Daily. I also spotted this one but stayed out since all the other currencies were consolidating and had no nice rhythm and clear direction.

I think the AUDNZD was a bit risky. There was no pullback to the 21ema or 89sma and no MACD signal. Also (I'm not an expert with crosses) but if the NZDUSD goes down it could mean that considering some of the recent NZD fundamentals that the AUDNZD would go up. That means if you were wrong in the NZDUSD your AUDNZD would also have been a wrong trade. That means either 2 wins or 2 losses. In a situation like this I would go in with half my position for each trade. Again I might be wrong with this analysis. Maybe others can also comment on this.
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  • #27,394
  • Apr 30, 2014 3:46am Apr 30, 2014 3:46am
Quoting nic73
{image} Took AUDNZD for BUY at 1600hr today. Trade is still running at the time of posting. Looks like price stalled at around the entry price. Took the trade on the basis that market opened at higher price. Hopefully, market will break the resistance and make it further to the north. At the meantime, please comment on my analysis and tell me what you think. Thank you and happy trading.
Good luck with your trade. Hope you make some pips.
Just be careful of the 89 and 21 being so close to each other. We might see some up and down movement and Non-Farm Employment news later today. Not sure if it will have an impact.
  • #27,395
  • Apr 30, 2014 4:35am Apr 30, 2014 4:35am
Quoting LifesAbeach
{quote} Good luck with your trade. Hope you make some pips. Just be careful of the 89 and 21 being so close to each other. We might see some up and down movement and Non-Farm Employment news later today. Not sure if it will have an impact.
Thanks. Yes, now that you mentioned, I remember that if the moving averages are close together, the market tend to be volatile. Thanks for the reminder.

Should one abstain from taking any trade if there is/are red news coming? This is something I have been questioning myself for a long time? And there is/are red news almost every day.
  • #27,396
  • Edited 8:23am Apr 30, 2014 4:46am | Edited 8:23am
Quoting LifesAbeach
{quote} I think the NZDUSD was a very good trade. The Daily TF also confirmed the direction downwards. As well as some divergence on the Daily. I also spotted this one but stayed out since all the other currencies were consolidating and had no nice rhythm and clear direction. I think the AUDNZD was a bit risky. There was no pullback to the 21ema or 89sma and no MACD signal. Also (I'm not an expert with crosses) but if the NZDUSD goes down it could mean that considering some of the recent NZD fundamentals that the AUDNZD would go up. That means if...
Hmmm..... I am just thinking the opposite. I thought NZDUSD is more risky as I checked on the daily chart that the 89sma is below the market and I am selling the pair. (Or does that matter at all?)

As for AUDUSD, yes I am making the same mistake again - have this misunderstanding of what a break of zero was. Need to correct that.

Welcome anyone of your insight to this. Thanks
  • #27,397
  • Apr 30, 2014 10:25am Apr 30, 2014 10:25am
Quoting nic73
{quote} Thanks. Yes, now that you mentioned, I remember that if the moving averages are close together, the market tend to be volatile. Thanks for the reminder. Should one abstain from taking any trade if there is/are red news coming? This is something I have been questioning myself for a long time? And there is/are red news almost every day.
I won't worry to much about all the red flag news. When I see red flag news followed by the words: FOMC, Unemployment, Non-Farm, Rate, I try to avoid trading any currency pairs and if I'm already in a trade I go to BE but I usually get stopped out because the spread of my broker increases a lot during these news events.

It doesn't matter if the 89sma is on the top or bottom. As long as you follow the market rhythm rules. The moving averages tell you when the market is trending or in a range or when the trend is about to change direction.
  • #27,398
  • May 1, 2014 1:32am May 1, 2014 1:32am
Gosh, I am getting it all messed up ..... when to use pull back and move away, when / how exactly to trade breakout. Sometimes, i feel if i wait for BPM i have missed the trade because once the market has breakout, it will never pull back and it move ahead so quickly.... happens many time in EURUSD and USDCHF. I feel my brains have too much info and I cannot differentiate when to apply what. Gosh, am I ever going to make it??? THIS IS SO, SO VERY VERY FRUSTRATING.
  • #27,399
  • May 1, 2014 2:03am May 1, 2014 2:03am
Quoting nic73
Gosh, I am getting it all messed up ..... when to use pull back and move away, when / how exactly to trade breakout. Sometimes, i feel if i wait for BPM i have missed the trade because once the market has breakout, it will never pull back and it move ahead so quickly.... happens many time in EURUSD and USDCHF. I feel my brains have too much info and I cannot differentiate when to apply what. Gosh, am I ever going to make it??? THIS IS SO, SO VERY VERY FRUSTRATING.
It depends on if you're an aggressive or conservative trader. There's nothing wrong trading a breakout and not waiting for a pullback and moveaway. It all depends on how comfortable you feel taking these trades.
You've got 3 options: 1.Position yourself for the Breakout. 2.Trade the Breakout 3.Wait for a BPM.

Here are some of Phillip's mp3's of his way of trading Breakouts.

Also if you have the time go to the Pirate bay and type in: hector trading. This is a DVD course by a trader whose strategy is almost the same as this 4H Market Rhythm strategy but this trader just uses different Moving Averages but his whole strategy is based on the BPM (Breakout Pullback Moveaway) concept.
Attached File(s)
File Type: zip BREAKOUTS.zip   2.2 MB | 496 downloads
  • #27,400
  • May 2, 2014 1:54am May 2, 2014 1:54am
Sorry no time for upload..

GBP/USD is looking ready to do something..

Daily.... small candle and a previous shooting start.....macd still making a run up with green bars...to early to enter short...back to the 8 or 21.

H4 Price on the 8em after a nice long run up..

Macd nice big RT look a like...6 red bars going down towards zero line.

Have a good weekend.....Bank Holiday Monday here again....hiccup.! hehehe
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