4 Hour Strategy (MACD) | Page 1409 | 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)

  • #28,161
  • Aug 13, 2014 8:43am Aug 13, 2014 8:43am
Quoting trademin
{quote} hi bmgsoares, You did well , congrats for your trades there! nice profits! keep doing the good work Amazing as It sounds, my trading result Is at about the same as what the last week finished, even if I saw twice the opportunity to grab about 90 pips in total in all the trade I made ! Good thing SL were protecting the trades. What is left is about a break even in GBPUSD and NSDUSD while SL hit the EURUSD at _1 pips gain! But I am still in bullish mode for the USD, even if a pull back is in sight! will see...

There is something I didnīt catch yet: how to determinate the SL/TP.

I really donīt like SL/TP: itīs seem like we are avoiding more profits (TP) and the system is not strong enough to have a good exit strategy (SL). Am I wrong?!

Althougth as we are using a 4H TF, too much events could happend on this period (ex: it happened couple of minutes ago of EURUSD and USDCHF) and a TP/SL should be needed, even because I miss 2 TF start per day when I am on bed!!

In resume: even I donīt like TP/SL, I will use it....so could anyone help me with TP/SL strategy?!

TKS
  • #28,162
  • Aug 13, 2014 9:01am Aug 13, 2014 9:01am
Hi Bmgsoares,

Nice to see you taking some money off the market - Those trades were far too risky for me to get involved with, until at least after the news, the USD/Chf does look set for a pullback as you said. That's where I will be looking to get in. H & S is setting up here too so could be all the way down to the 0.89500 mark. That's a long way down from here though many things can happen in between, especially if the H & S doesn't confirm itself.

Got into the euro/usd just after the news broke but looks set to give another entry in the 30 min chart. I agree with trademin usd looks bullish for the moment but as per rules will be looking to exit around the 21ema on eur/usd daily chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Usd Chf 13.8.14 30min.png Size: 72 KB
Click to Enlarge Name: Usd chf 13.8.14 30 min (2).png Size: 95 KB
  • #28,163
  • Aug 13, 2014 9:14am Aug 13, 2014 9:14am
Which is simply a break of 21ema, pullback, move down in the 4h chart. Just so you can see (most of you would know this already) it is as per 4h rules even though it's a 30min chart
  • #28,164
  • Edited 10:12pm Aug 13, 2014 9:26am | Edited 10:12pm
GBPUSD is getting nice pips in my direction there with about 70 pips! Price is about 1.6700. Now securing 15 pips. While NZDUSD still lagging!
while EURUSD is at at free trade there.

edit:14:40
GBPUSD 45 pips secured for now... , now 81 pips secured

EURUSD 15 pips secured now 21 pips secured
Yvon
  • #28,165
  • Aug 13, 2014 9:44am Aug 13, 2014 9:44am
Quoting trademin
GBPUSD is getting nice pips in my direction there with about 70 pips! Price is about 1.6700. Now securing 15 pips. While NZDUSD still lagging! while EURUSD is at at free trade there.
Hi Yvon,

Where was your entry on the Gbp/Usd? I couldn't find an entry was just too quick for me! I think there will probs be some retracement tomorrow as the big players cash in some end of the week profits on that move. Might be monday before another good entry comes up.

I'm long eur/usd and kiwi as both are forming a flag in the 30min which suggest another leg up is probable before any further move down? Possibly in conjunction with the retracement in the gbp/usd. If these flags fail that would be my signal to jump in short.

How are you seeing these pairs at the moment, am I missing something?
  • #28,166
  • Aug 13, 2014 10:09am Aug 13, 2014 10:09am
Quoting JonnyPip
{quote} Hi Yvon, Where was your entry on the Gbp/Usd? I couldn't find an entry was just too quick for me! I think there will probs be some retracement tomorrow as the big players cash in some end of the week profits on that move. Might be monday before another good entry comes up. I'm long eur/usd and kiwi as both are forming a flag in the 30min which suggest another leg up is probable before any further move down? Possibly in conjunction with the retracement in the gbp/usd. If these flags fail that would be my signal to jump in short. How are you...
Hi JonnyPip,
there 's my entry there
the fact is I took some days off and I did closed some trades since I wasn't "present" , and later I just got back in .
........and I feel I am not completely back yet!
Attached Image (click to enlarge)
Click to Enlarge Name: 140808GBPUSD.png Size: 131 KB
Yvon
  • #28,167
  • Edited 2:08pm Aug 13, 2014 11:12am | Edited 2:08pm
Quoting bmgsoares
{quote} There is something I didnīt catch yet: how to determinate the SL/TP. I really donīt like SL/TP: itīs seem like we are avoiding more profits (TP) and the system is not strong enough to have a good exit strategy (SL). Am I wrong?! Althougth as we are using a 4H TF, too much events could happend on this period (ex: it happened couple of minutes ago of EURUSD and USDCHF) and a TP/SL should be needed, even because I miss 2 TF start per day when I am on bed!! In resume: even I donīt like TP/SL, I will use it....so could anyone help me with...
HI,
I have a view about it since it is my weakness! And how I see the problem...

Welcome into the trade!
It is always a matter of what I am expecting from the market, that’s my view. And for how long I am expecting this to happens.

I will use ATR to give me an idea of what the market would possibly do as average.


But let’s say I will usually start analysing the whole story of that pair by looking at the monthly chart. If I see a start of price falling or possibly falling then I know that the main trend is down.

I could see also the weekly chart that will show usually the same thing.
If I observe that the pair, on the monthly chart, has already done a break on the 21ema, already done a pullback, and there, on the making of the last candle, a “move away”, well that thing is probably going down so I should get into a trade there.

That possible move usually is supported by a divergence in the macd, or supported by RT,s there, supported by a massive consolidation break, pull back , and a start of a move away, or by a break of neck line from a HS formation. Well that thing would certainly be going down isn’t it? But that’s on the monthly or weekly or daily chart! So the move done on the 4hrs chart would be expected to be huge, isn’t it?
What would be the target on the monthy chart? Let’s take the EURUSD as example.
That the chart there. And the little circles there have been drawn for quite some time now. Those are the targets. That is huge if I see 1.3200 and 1.2800 as possible targets isn’t it?

So in my mind, 1.3200 could be reached (and could be reachable by using the rules, even on the monthly chart there!)and I have been saying that for a while too.

The strategy is based on the 4 hrs chart, and ATR on the 4hrs chart is averaging 60 pips, and on the daily it is about 85 pips as average with rare peaks at 160+ pips! So basing the fact that a candle range is about 60 pips if your SL is above that level, the SL wouldn’t be hit, if you do not fell comfortable with it then used daily ATR which is about 85 pips. But with these day’s fundamentals, volatility get hot and SL flashing yellow is past, flashing red would be more appropriate. What the rhythm on the pair is just doing now supports the idea. I certainly put a SL higher than the 21ema if I am convinced that the ride down is not over yet. Otherwise, the SL would be certainly hit. But again, the market does what it wants to do!

edit: If I look at where my last SL was( 1 pip gain), you can see it was high…but not high enough! And still above the 89sma (purple), but hit anyway!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 140808EURUSD weekly.png Size: 126 KB
Click to Enlarge Name: 140808EURUSD with ATR.png Size: 121 KB
Yvon
  • #28,168
  • Aug 13, 2014 11:48am Aug 13, 2014 11:48am
this is my view on the GBPUSD, but again, the market does what it wants!
and this is why I sold it, until big news hit the SL (again!).

edit::::::
This is where I look to see if there is some change in trades that has to be done or not. I do not look on shorter time frame than the 1 hr TF ,just if needed, for a fine tuning entry, otherwise I stick to the 4 hrs chart for the “action” and the longer term for the direction.
Attached Image (click to enlarge)
Click to Enlarge Name: 140808GBPUSD daily.png Size: 138 KB
Yvon
  • #28,169
  • Aug 13, 2014 11:59am Aug 13, 2014 11:59am
i just secured 12 pips on the EURUSD, if that thing has to go down, it shouldn't go higher that a bit higher than the 21ema, but will see...
Yvon
  • #28,170
  • Aug 13, 2014 12:19pm Aug 13, 2014 12:19pm
and this is the dollar index, just struggling with a possible confirmation of a break out!
Attached Image (click to enlarge)
Click to Enlarge Name: 140808DOLLAR INDEX DAILY.png Size: 132 KB
Yvon
  • #28,171
  • Aug 13, 2014 12:42pm Aug 13, 2014 12:42pm
Missed trade: Did I get too conservative?!?!..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - 13-08-14 - missed.png Size: 36 KB
  • #28,172
  • Edited 1:36pm Aug 13, 2014 12:57pm | Edited 1:36pm
Quoting bmgsoares
Missed trade: Did I get too conservative?!?!.. {image}

...Sometime I see pairs getting into difficulties to steer around…just like a very young kid trying to draw a circle

it is never easy to see which way it will be going! I have read somewhere" it is better to be out of a good trade than being in a bad trade"
Attached Image (click to enlarge)
Click to Enlarge Name: 10000 feet DRAWING.png Size: 354 KB
Yvon
  • #28,173
  • Aug 13, 2014 2:03pm Aug 13, 2014 2:03pm
Quoting trademin
this is my view on the GBPUSD, but again, the market does what it wants! and this is why I sold it, until big news hit the SL (again!). edit:::::: This is where I look to see if there is some change in trades that has to be done or not. I do not look on shorter time frame than the 1 hr TF ,just if needed, for a fine tuning entry, otherwise I stick to the 4 hrs chart for the “action” and the longer term for the direction. {image}
Superb trade buddy
  • #28,174
  • Aug 13, 2014 2:19pm Aug 13, 2014 2:19pm
Hi everyone,

nice to come here and read your posts.
About GBP/USD i went long one the MACD crossed the zero line from down to up. It was good setup?

Mirko
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 2.jpg Size: 202 KB
  • #28,175
  • Aug 13, 2014 3:07pm Aug 13, 2014 3:07pm
Quoting okrim
Hi everyone, nice to come here and read your posts. About GBP/USD i went long one the MACD crossed the zero line from down to up. It was good setup? Mirko {image}
hi okrim,


MY view, I saw that possibility as a counter trade, and since a down trend line was close to it, I know then a possible barrier, that would reduce possibility of gain.---I do no trade in this kind of set up.

But for a counter trader, I would have seen the divergence, seen the trend line as target , I would have looked at the R/R from the close of the first green bar done on the macd and calculate up to the trend line and see if there was enough range to cover a profit there. As per the rules , there was an RT there, and the entry ( if everything is ok) would have been from the close of the first green bar on the macd, since a divergence was on the “ making”, not
from where you took it, it could restraint profit, if there is any.--- but congrat! , there is nice profit there!
Yvon
  • #28,176
  • Aug 13, 2014 4:12pm Aug 13, 2014 4:12pm
Quoting JonnyPip
{quote} Superb trade buddy
thank you , at least i got some pips secured!
Yvon
  • #28,177
  • Aug 13, 2014 7:05pm Aug 13, 2014 7:05pm
No trades lately; I dont see many setups in the currencies of my choice while I am online.
Just surfing all currencies. Saw a setup on AUDJPY. Its a CT but it is a rejection off the 89.
What should be the target. 8ema, 21ema, or SL.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY_H4_2014-08-13-0759.png Size: 22 KB
  • #28,178
  • Aug 13, 2014 8:23pm Aug 13, 2014 8:23pm
Quoting Mathus
No trades lately; I dont see many setups in the currencies of my choice while I am online. Just surfing all currencies. Saw a setup on AUDJPY. Its a CT but it is a rejection off the 89. What should be the target. 8ema, 21ema, or SL. {image}
Seems to be a good SELL entry...

Edited: well I have a different graphic here.. oohh.. different template used...my mistake..
  • #28,179
  • Aug 13, 2014 9:00pm Aug 13, 2014 9:00pm
Lets make a different try here: AUDCHF SELL Entry.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF - 13-08-14.png Size: 40 KB
  • #28,180
  • Aug 13, 2014 9:11pm Aug 13, 2014 9:11pm
Quoting Mathus
No trades lately; I dont see many setups in the currencies of my choice while I am online. Just surfing all currencies. Saw a setup on AUDJPY. Its a CT but it is a rejection off the 89. What should be the target. 8ema, 21ema, or SL. {image}
Mathus, I made the same SELL entry on AUDJPY. I just waited for a MACD red confirmation:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY - 13-08-14.png Size: 35 KB
25 traders viewing now