4 Hour Strategy (MACD)

Quoting yaakruay

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{quote} I get it man, i have googled binary. I would rather play on the m1 chart or put in a pending order. Plus i enjoy the research and learning and testing myself. So it's not just a BS signal service, you also use software to make the trade... So what does the paying customer do..just pay the money and sit back and watch it disappear with no idea what happened. That's not for me, i like to know what a dickhead i was and why when i lose my money. There is a TV show here called The Dragons Den and the catchphrase is "sorry i'm out" No investment...

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Quoting binnie

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{quote} Please excuse my interuption here - JS , I think you owe Phillip & other followers a huge apology for tainting this thread. Please contribute with the H4 Macd rythym rules or kindly disappear. Lifer , Richard & others - please don't let this SELLER take your focus away from what we do. I have sensed a wee bit of frustration creeping in - signals ( GOOD ) are not too often lately but let patience be our guide eh ? Holidays - News - Turmoil brewing in Ukraine etc etc etc - things will return. Guys, I will post a couple of charts later once...

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Quoting LifesAbeach

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{quote} Thanks Mike. Will have to do some more research on that. Also checked out the thread. Looks like everyone had problems with the CAD. By the way: Trading Made Simple is one of the first strategies I checked out before I stumbled upon the 4H MACD. But I soon realized that the two are very much the same. Check out these charts. A TDI cross is a TC or RT/RB and a TDI bounce usually happens when the speed is fast and price is bouncing off the 8ema. Also if you look at the green TDI line you can see that it takes on the exact movement and form...

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Quoting mike1349

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{quote} Hi Life, Please don't get me wrong.I didn't want to introduce you another system or saying that one is better.I just wanted to show CAD is difficult sometimes to trade.That's it As you realized MACD and TDI are almost the same and that shows us we should stick to one system and master that.Believe me I have been long enough here to study many systems and at the end either they are useless or something similar.If you want to read that go ahead but don't think that system is more different than this. Good luck Mike

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Quoting LifesAbeach

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{quote} Hey Mike and Binnie. In NO WAY am I saying use a different strategy or indicator. I think you misunderstood me. You don't know how tempting it is to post on the TMS thread and tell everyone there to first study the 4H Market Rhythm (NOT NECESSARY THE MACD) because most of the people on that thread are just looking at the TDI without looking at what price is doing. Many traders on that thread asking questions like how do you know when the market is trending and ranging and when is it safe to trade and take counter trends. When I see these...

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Quoting yaakruay

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{quote} Looks like a well thought out and knowledgeable reply. The only thing i can see on my charts/broker is an area of consolidation around the zero line...there is no movement for 3 candles and the zero bounce is not really given on my charts... Your macd is more defined than on my charts.... I know it doesn't answer the question but then my charts were not really giving me a signal either. ps...Mike...you joined in 2007..... You must have been to Mars and back not to be living on your own private island surrounded by olive skinned beauties...

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Quoting justsignals

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used MBFX STRATEGY +GOG+RSI+VALUE CHARTS+FIBONNACI AND last month i make 1000pips in real account

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Quoting binnie

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GEES I start to fume when these guys try jumping on decent people with promises of wheelbarrows of loot. It don't work that way folks - if these GURUS were that great, they would all be retired now and not have to sell their bullshit to the un-suspecting. Stay focussed guys - don't believe their garbage. Not much showing on my charts this morning but thought I would share Plan A & B for the Euro. The BPM appeals more to me but only because there is some Rythym showing. The H & S looks a possibility too but the gut tells me that the Bulls will...

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Quoting nic73

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A final word on people who try to sell their so called strategy etc.. This is what I believe - having attended courses, searching internet for a strategy and used them. There are some people who offer forex strategy for free but they don't tell you the whole thing in the end you have to purchase something from them and they still don't work. Same with people who gives courses (expensive ones) they don't tell you everything. They claim to make tonnes of money from their products but I believe after seeing and experiences tells me that these people make their million by selling some strategy that does not work. Their millions don't come from trading forex. So I don't even call them traders here, they are salesmen (in a more polite way). Forex is not only about applying strategy but it comes with studying the charts and experience.... where you spend hours.... just like you full time job. It's about understanding many things related to trading - market, price action, your own emotion many more. All in all, it's the experience that matters. Salesmen don't tell you that, either they don't know it or they just won't tell you. The only thing they tell you is - use my product it is soooooo very easy to make money. If forex is easy, then it is no longer call forex. The info in this website are for free and they tell you everything you need to know about forex. It tells you the honest truth what hard work you need to make it successful. They don't deceive you by claiming the strategy will make you a million in no time, in fact they tell you be prepared for hard work. And they tell you don't get you real money involved until with have achieved certain rate of success on a demo account. I stick to this for a long time now, because the person who share this is honest about what he shares and does it from his experience.

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Quoting nic73

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Hi, Hope someone can help me with this. Question is withing the chart. Once I get reply to this, subsequent questions will follow about taking this trade. Thank you so much.{image}

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Quoting freewilly

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{quote} Hi nic73, I dont trade AUD/NZD. But I'll try to assist you on my own perspective using Phillip's 4H MACD system combined with MACD divergence. If you need this indicator, I attached it here as well. AUD/NZD is in downtrend channel. From the chart, no divergence show up yet. So probably, another downtrend may still happen. But please be aware that current price has quite angling from the MA8 and MA21 which in my opinion, it will retrace first then continue going down. But still, this is only my prediction. Just wait until there's more clear...

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Quoting nic73

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{quote} Hi Willy, Thank you for reply. Ok, points taken about divergence. I meant to ask this, if you see on my chart there is a red TL and there could be a breakout (refer to the 1Hr chart below and this is shown clearer). By theory I would wait for a BPM to trade. But are you saying in this case I should hold on and wait for market to pull back to 21ema, even though this is a TL breakout? Thanks.{image}

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Quoting nic73

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I am not sure about this GBPUSD. Please help. Thanks.{image}

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Quoting freewilly

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{quote} Hi nic, Can you share the red TL that you are using is on what period? As on my H1 chart, I dont have the TL. (attached). As far as the chart shows, yes there is a divergence formed and it will retrace up first then if the resistance can hold, the pair should go down later. Another option is (only if you feel comfortable), to enter partially eg. short 0.1 lot then if the price really retrace up, you can add another short 0.15 lot on the pair. Just my thoughts.... {image}

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Quoting freewilly

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{quote} Hi nic, It's a nice chart on GBP/USD. Perhaps it's a little bit late to spot this. Hopefully the uptrend still intact. I would say go for this because 2 reasons: 1. Price bounced after touching EMA21. 2. There's zero break on MACD which will be strong move.

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Quoting nic73

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{quote} Ummmm sorry, I don't quite get you. Initial statement you say a bit too late to spot this. After that you say go for it ...... so ...... to go or not to go?

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