4 Hour Strategy (MACD) | Page 1387 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #27,721
  • Jun 29, 2014 11:12am Jun 29, 2014 11:12am
Quoting Mathus
EURJPY H4 attached Pull back to 21 and 89. Can we expect a move down to 137.9. Do let me know if i am totally off the mark applying the rules. {image}
this is absolut right setup. You should wait for the japan open.
If we have a doji or nice pinpar we should open a right sell position.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 58 KB
  • #27,722
  • Jun 29, 2014 11:22am Jun 29, 2014 11:22am
Quoting Mathus
AUDCHF H4 attached Broke below 89, Pulled back and now moving down. MACD closed below zero. BPM? Target previous low (0.8360)? I see that the 8EMA had gone above the 21EMA and now coming back below. Should we wait for a retest of the 21 for entry? Would this be a CT move. The 89 is above the 200 so its still an uptrend, and i am expecting a move down. But we have Lower Highs and Lower Lows. {image}
price (EMA21) between blue and yellow- does mean trading between the 200 and 89
  • #27,723
  • Jun 29, 2014 11:37am Jun 29, 2014 11:37am
Quoting binnie
Monday Watch so far - POUND Have added this to my watch guys. Anyone got a chart for us to keep an eye on:nerd: {image}

I'll be watching this one with you, i really would like to get the shs...in my tool box of trading...

The swissy is not one i usually play, it was to keep the attention with Nic as its fun to watch and participate...when the analysis is correct.

I want to watch this head and shoulders...and get that in my brain so i can spot them forming..

Tar for the heads up.
  • #27,724
  • Jun 29, 2014 11:42am Jun 29, 2014 11:42am
Quoting Mathus
AUDCHF H4 attached Broke below 89, Pulled back and now moving down. MACD closed below zero. BPM? Target previous low (0.8360)? I see that the 8EMA had gone above the 21EMA and now coming back below. Should we wait for a retest of the 21 for entry? Would this be a CT move. The 89 is above the 200 so its still an uptrend, and i am expecting a move down. But we have Lower Highs and Lower Lows. {image}
Price can get caught between moving averages, so a move down to the 200?? could be anticipated.

It looks like a BPM to me on the 89...The hardest part of trading is waiting and spotting the set ups.... nicely spotted...
  • #27,725
  • Jun 29, 2014 11:44am Jun 29, 2014 11:44am
Quoting Mathus
{quote} I looked at posts 10212, 13038 and 11119, couldnt find "THE HEART OF THIS SYSTEM". Can somebody point me to the right post, please.

That recording is MP3 with a couple of screen shots.

I prefer this video myself for understanding.
Inserted Video
  • #27,726
  • Jun 29, 2014 11:51am Jun 29, 2014 11:51am
Quoting akir
{quote} this is absolut right setup. You should wait for the japan open. If we have a doji or nice pinpar we should open a right sell position. {image}

Nicely explained, thanks.

However my instinct tells me to stay out of it, as for no reason it could turn up (probably not), its just the long tail and support 1 tested 3 or 4 times.

We will see what happens.

Me personally as i am a novice, would be to watch it on the H1 and try to get in early with a small stop loss.
  • #27,727
  • Jun 29, 2014 1:31pm Jun 29, 2014 1:31pm
NZD/CHF buy call, after touching the 21 area.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchfh4.png Size: 69 KB
  • #27,728
  • Jun 29, 2014 3:40pm Jun 29, 2014 3:40pm
Quoting Mathus
{quote} I looked at posts 10212, 13038 and 11119, couldnt find "THE HEART OF THIS SYSTEM". Can somebody point me to the right post, please.
Hi Buddy - this is for you. Hope it helps. This journey we are on with Phillip is a long ride. Read / Read & Read again all of his lessons. It will slowly become part of you but dont expect too much to start with. Everytime someone on here asks a question, I still have to go back over my file to re-confirm things . I created a new file on my PC (desktop) dedicated to all of Phillips teachings and it is still growing. In this folder I have saved everything I felt was important to me - this way I am not relying on my ageing memory (LOL) . I have an immediate source of answers when I need them. My folder grows daily. Just logging on this morning so I will get to your chart ideas shortly . Welcome to a new week everyone. ( Mon morning here 8.30am ). My markets open in 30mins - here we go again
Attached File(s)
File Type: pdf The Heart of This System Written Copy.pdf   44 KB | 727 downloads
  • #27,729
  • Jun 29, 2014 5:53pm Jun 29, 2014 5:53pm
Quoting Mathus
AUDCHF H4 attached Broke below 89, Pulled back and now moving down. MACD closed below zero. BPM? Target previous low (0.8360)? I see that the 8EMA had gone above the 21EMA and now coming back below. Should we wait for a retest of the 21 for entry? Would this be a CT move. The 89 is above the 200 so its still an uptrend, and i am expecting a move down. But we have Lower Highs and Lower Lows. {image}
Mathus you have had a couple of feedbacks on your chart and I want to add mine. This pair is never on my usual list so I have had to start from basics and work my way through it. Thanks for picking this one - it has been a great exercise to go through and helps practice what I think I know about our method.
Anyway - my post is fairly long so here goes....

Picking up on your comment about the BPM - I reckon you have the idea already. I have posted a comment on your chart as well as a PDF from Phillips Lessons and it explains how the BPM works.

Attached File(s)
File Type: pdf breakout pilip (1).pdf   161 KB | 581 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: ACHF_for_Mathus.png Size: 96 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ACHF_WEEKLY_VIEW.png Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Achf_H4_30Jun.png Size: 59 KB


I am now making it part of my Monday morning routine to look 1st at the Weekly charts to see where we are . It sure helps to see where we sit Rythym wise - are we above /below the 89. Is there obvious Trendline / Support /Resistance which can affect price action ? Is there any Red News coming ??

Are we sitting between the 89 & 200 ma's as mentioned by Richard ? This is a sign of indecision or consolidation. The rules say that we can play from the edges as price will tend to oscillate between these 2 ma's.

Well after all of this comment - what is your view now ??

My plan A is a safety one - look for a run down to the lower Support T/Line which is an exact confluence with the 200ma. Then find a RB to play a CT back to the 21 level.
Plan B is the opposite - wait for Price to move to the top of the consolidation zone & play back to the 21 from above.

What do reckon ??


Good homework this was..
  • #27,730
  • Jun 29, 2014 5:59pm Jun 29, 2014 5:59pm
Quoting akir
{quote} price (EMA21) between blue and yellow- does mean trading between the 200 and 89
Sorry Akir ,
I was a bit slow to pick up on your post here about being between the 89 & 200.
There is a comment on this in Phillips PDF " heart of the system " above.
Cheers for helping keep this thread active.
Binnie
  • #27,731
  • Jun 29, 2014 6:33pm Jun 29, 2014 6:33pm
Quoting akir
{quote} this is absolut right setup. You should wait for the japan open. If we have a doji or nice pinpar we should open a right sell position. {image}
Akir, appreciate you going through my post and giving your feedback.

That's exactly what I was hoping when i posted the charts. Critique/Validation of my understanding, and inputs on what else i need to focus on.

I will keep a lookout for the doji/pinbar.
  • #27,732
  • Jun 29, 2014 6:36pm Jun 29, 2014 6:36pm
Quoting akir
NZD/CHF buy call, after touching the 21 area. {image}
Nice one Akir

I don't have KiwiSwiss so cannot do full check. But your anticipation looks good. Above 89 / trend obviously bullish.
Aggressive entry on H4 close with TC confirmed on Macd. Even stronger if a close of the H4 bar above that Green Resistance level you have drawn. Cannot quite make out your Ma lines but preder that price actually tags the 21 & moves away as this is the stronger signal IMHO. The 8 or even midpoint between the 8 & 21 is also fine for a TC signal but remember that the 8ma is the pace of the move and price can tend to hug this level for long periods.

Another entry might be a BPM Long ? as it breaks thru that Resistance line.

Post a progress report for us - will be real interested in how this one turns out.
  • #27,733
  • Jun 29, 2014 6:45pm Jun 29, 2014 6:45pm
Quoting yaakruay
{quote} Nicely explained, thanks. However my instinct tells me to stay out of it, as for no reason it could turn up (probably not), its just the long tail and support 1 tested 3 or 4 times. We will see what happens. Me personally as i am a novice, would be to watch it on the H1 and try to get in early with a small stop loss.
Thanks for the Video link.

I am also very much a novice. Still learning the rules of this system, not ready to trade. I post my reading to get feedback and further inputs.

Thanks for pointing out the strength of the support line.
  • #27,734
  • Jun 29, 2014 7:29pm Jun 29, 2014 7:29pm
Binnie, thanks for "The Heart of this sytem" and "breakout" documents. I have a lot to learn, but since it all leads to a central strategy it is not so confusing/tiring. I was learning a lot before as well, but it was disparate things, often duplicate, competing or even contradictory indicators/systems/strategies; makes one feel dizzy and a bit lost, not a small bit either.

Currently i am not focusing on a currency pair; going through all the pairs looking for setups that meet the rules i have learned so far. Thanks for going through my post and giving your detailed feedback. I like the idea of looking at the hourly chart to identify earlier entries with smaller stops, will keep that in mind.

I appreciate the initial investment in time and effort put in by Philip to which so many of you add everyday, helping other traders. Thank You.
  • #27,735
  • Jun 30, 2014 1:40am Jun 30, 2014 1:40am
Quoting Mathus
Binnie, thanks for "The Heart of this sytem" and "breakout" documents. I have a lot to learn, but since it all leads to a central strategy it is not so confusing/tiring. I was learning a lot before as well, but it was disparate things, often duplicate, competing or even contradictory indicators/systems/strategies; makes one feel dizzy and a bit lost, not a small bit either. Currently i am not focusing on a currency pair; going through all the pairs looking for setups that meet the rules i have learned so far. Thanks for going through my post and...
I have been there, i used to watch hours of webinars off youtube and other websites and it gets confusing.

This system works once you realise what the anticipation is from the rhythm.

It can stop you trading too from those look a like set ups that fool novices, that happen after the move has finished but you try to get in.

This is just as important for me, knowing when not to trade.
This could look like a set up on the Aud/Usd.
This is when its good to have a Binnie plan of A or B....
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-26_2248.png Size: 49 KB
  • #27,736
  • Jun 30, 2014 1:56am Jun 30, 2014 1:56am
Quoting binnie
{quote} Mathus you have had a couple of feedbacks on your chart and I want to add mine. This pair is never on my usual list so I have had to start from basics and work my way through it. Thanks for picking this one - it has been a great exercise to go through and helps practice what I think I know about our method. Anyway - my post is fairly long so here goes.... Picking up on your comment about the BPM - I reckon you have the idea already. I have posted a comment on your chart as well as a PDF from Phillips Lessons and it explains how the BPM works....

It sure does help, looking at the Weekly and Daily.

This is a perfect example.

The S & R lines have been on my charts for over a month and easily forgotten that i had put them on there, especially when looking at the H4 and not the bigger picture.

But look how price reacts to them, a month after i had put them on.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-26_2248.png Size: 68 KB
  • #27,737
  • Jun 30, 2014 2:13am Jun 30, 2014 2:13am
Quoting binnie
Monday Watch so far - POUND Have added this to my watch guys. Anyone got a chart for us to keep an eye on:nerd: {image}

Can you do this with sHs.

Go to H1 and see one and then play that into the H4.

I really would like to get this under control and understood.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-26_2248.png Size: 90 KB
  • #27,738
  • Jun 30, 2014 2:21am Jun 30, 2014 2:21am
Quoting yaakruay
{quote} Price can get caught between moving averages, so a move down to the 200?? could be anticipated. It looks like a BPM to me on the 89...The hardest part of trading is waiting and spotting the set ups.... nicely spotted...
Well said.. waiting and spotting setups.. same me..
  • #27,739
  • Jun 30, 2014 2:31am Jun 30, 2014 2:31am
Quoting yaakruay
{quote} I have been there, i used to watch hours of webinars off youtube and other websites and it gets confusing. This system works once you realise what the anticipation is from the rhythm. It can stop you trading too from those look a like set ups that fool novices, that happen after the move has finished but you try to get in. This is just as important for me, knowing when not to trade. This could look like a set up on the Aud/Usd. This is when its good to have a Binnie plan of A or B.... {image}
yeah .. keeping your eye on day/week/4 hr raw charts and 200 and 100.. wma and emas and the 20 EMAS on all time frames.. 5 min.. 15.. 30.. etc etc..cause that's were you will find resistance or support..and like you said you can look at all the yu tube stuff you like .. or the BEST trade method in the universe.. but all will trade it different....MMM the human being factor..heyyou have to feel the rythmon all tyme frames.. a bit cosmic hey?? and just my opnion of course..Oh and ps listen to every one BUT form your own opnion..
  • #27,740
  • Jun 30, 2014 3:13am Jun 30, 2014 3:13am
Quoting yaakruay
{quote} Can you do this with sHs. Go to H1 and see one and then play that into the H4. I really would like to get this under control and understood. {image}
Charts a bit messy but I guess this is what you are thinking Richard ?
Yvon will be the better one to answer this. He is the go- to guy when it comes to H & S. What do you reckon Yvon ?
My initial response is that even though we are H4 traders , we do sometimes rely on the H1 to get early entries. Why not use the H1 pattern here to go short even if it is just down to the Support on that H4 Neckline???
I wouldn't just enter at a break of the neckline though, instead I would want to play conservative and let the pattern complete with the trusty old BPM.
Just my ideas.

Attached Image (click to enlarge)
Click to Enlarge Name: GU_H4_&_H1_H&S_30June.png Size: 44 KB
10 traders viewing now