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4 Hour Strategy (MACD)

  • #28,301
  • Sep 1, 2014 3:30am Sep 1, 2014 3:30am
Thanks all for your reply. I have been sick for more than a week so that explains my absence. And I checked on this forum whenever I had the energy to. Not fully recovered yet so taking things slowly.

Did a trade on GU, made 38pips.
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  • #28,302
  • Sep 1, 2014 6:48am Sep 1, 2014 6:48am
Thank you for answering that much fast trademin.

I've got a special example. i'd use the RSI like a warning system, which tells you that there is a big correction going to show up. As you can see these is on the RSI a big Trend and the RSI Bar confirms that. Now you can see in the chart, that there is a bigger correction expressed by a higher amount of green candles and some more higher highs than in the trend.
For me as a "beginner" it'd be hart to decide, if there is a correction like that going to show up or not. I wouldn't be sure, if the correction is going to take place at the mark of 5 Aug 04:00 for example. You could take some psychological marks or support zones, where the markte turnd around back in time, but it's like it always was, the market doing his own thing and if the people think its dangerous to invest now, then they'r tend to sell their positions.
I'd like to use the RSI bar as a warning indicator. Right now i wouldn't touch th GBP/USD short because of the RSI.
So generraly speaking my question is, can you confirm it to use the RSI Bar like that?

And if it comes to the ATR(1) I'm really not sure how to use it. What i got was that if the course is a side phase where it's not sure if the trend is going to continue or it's going to give a turnaround, the ATR (1) tends to be pretty low. But i don't know how to interpret the spikes and the "little" spikes which tend to go a bit high but then don't go skyhigh like the other ones i marked (grey circles).

My Chart is a bit different from yours, i hope that's not confusing.

best regards
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  • #28,303
  • Sep 1, 2014 7:16am Sep 1, 2014 7:16am
Hi ensOuled,
After writing you my comments on your question, I went to sleep. It was very late for me, I slept on It as if we could say that. Another picture came to me: one needs to feel the win blowing, one need to master the win when you are sailing on the sea before really being using the tools to go in the direction you want to go…
Mastering the win would be mastering the rhythm. The moving averages are important. I remember asking myself what Is a moving averages. Averages was ok for my mind to compute but the “moving” was completely strange to me. And maybe it is still strange for some traders so I came up with this:

I had to see a picture in my mind to understand that. A 21 ma Is different from a 89 ma but they are still “moving”.what do they mean? So I came up with this image:

A 21 ma Is a train with 20 wagons or 21 candles total and a 89ma is 89 candles total. Everytime a new candle is closed, the last wagon is drop in order to maintain the same amount of wagons or candles. So by looking at it, it is moving and the wagons that have been drop stays as a dot, and then later, dots are just connected together the make a trace of the railroad. If the candle goes below the railroad something important just appended. You need to feel the importance of it. Same if the wagons start to go above without touching the railroad! Wow before the train thought It was a submarine , now he thinks he is airplane…above the 8ema, a rocket plane! It won’t stand there for very long! Just watch It! …anticipate the bounce back to the ma!
Hope you have enjoyed the ride!
Yvon
  • #28,304
  • Sep 1, 2014 7:40am Sep 1, 2014 7:40am
Quoting nic73
Thanks all for your reply. I have been sick for more than a week so that explains my absence. And I checked on this forum whenever I had the energy to. Not fully recovered yet so taking things slowly. Did a trade on GU, made 38pips.{image}
Nice trade Nic, I wish you well
Yvon
  • #28,305
  • Sep 1, 2014 9:58am Sep 1, 2014 9:58am
Quoting ens0uled
Thank you for answering that much fast trademin. I've got a special example. i'd use the RSI like a warning system, which tells you that there is a big correction going to show up. As you can see these is on the RSI a big Trend and the RSI Bar confirms that. Now you can see in the chart, that there is a bigger correction expressed by a higher amount of green candles and some more higher highs than in the trend. For me as a "beginner" it'd be hart to decide, if there is a correction like that going to show up or not. I wouldn't be sure, if the correction...
hi ens0uled,

“So generally speaking my question is, can you confirm it to use the RSI Bar like that?”

I have it too, but I see it as not as expressive as the conventional one, more digital than analogical so to say.
Someone had it on his chart, looked nice so I put it on mine too. It gives, in my view, a general perspective, but not the progressive aspect of a market direction the conventional expose so well, giving a more precise picture of the market state.

“But I don't know how to interpret the spikes and the "little" spikes which tend to go a bit high but then don't go sky-high like the other ones I marked (grey circles).”

You just need to draw a horizontal line on those peaks that look to have about the same height that would represent the majority. Now you can call the level of that horizontal line as “average” and the spikes which are higher are exception. If the spikes that are higher that then those you called “average” don’t happen very often, then it wont happens necessary in the near future.

The so called “average” would be as normal pavement on a highway, while the other spikes, would be holes or possible obstruction on the highway so to say.
But there is another way of expressing my view:

What is coming to my mind is making a picture, I would like to share it with you.
I have seen the Plummer working on one of my toilets, just 2 days ago and I learn from what I saw: there is a demonstration I would like to express, please don’t take it as an offense, it is not.
So there I go:


Inside the reservoir there is a vertical tube, the top of the tube is the Stop Loss.
The water level (in the reservoir) would be the candle range).
Since each water fill gets about there (water level) I will call it ATR, which is lower than the top of the tube.
As long as the water doesn’t get above (or spikes)the tube, the SL is not hit.
If the water lever gets above, even just a wee bit, it will get thrown in the bold, through the tube…it is a continuous flush into the bold!( same with your money!)
If the water keeps falling into flush it is because there is water coming all the time into the reservoir…that would be the rising momentum of the macd. It just means that the trader was expecting a fall in price, but price when up and kept rising!
Hoping it will help you out,
Yvon
  • #28,306
  • Sep 1, 2014 12:58pm Sep 1, 2014 12:58pm
Quoting nic73
Thanks all for your reply. I have been sick for more than a week so that explains my absence. And I checked on this forum whenever I had the energy to. Not fully recovered yet so taking things slowly. Did a trade on GU, made 38pips.{image}
You stole my target from last week and made pips...hahaha

i didn't trade it...thought i would wait to see what happens this week.

Get well soon, pips in the bank makes one better!
  • #28,307
  • Sep 1, 2014 3:07pm Sep 1, 2014 3:07pm
Thank you very much trademin. Helped me a lot

But I still got a single question if it comes to the macd. I downloaded the macd from this threat and it show these certain levels in the indicator. sometimes they're very helpful, but most of the time they annoy me. If i earase them they disappear, but if i change the timeframe they tend to com back. Does anyone know how I can solve this problem? Like do i need to cut out a certain line of the indicator?

best regards
  • #28,308
  • Sep 1, 2014 5:04pm Sep 1, 2014 5:04pm
Quoting ens0uled
Thank you very much trademin. Helped me a lot But I still got a single question if it comes to the macd. I downloaded the macd from this threat and it show these certain levels in the indicator. sometimes they're very helpful, but most of the time they annoy me. If i earase them they disappear, but if i change the timeframe they tend to com back. Does anyone know how I can solve this problem? Like do i need to cut out a certain line of the indicator? best regards
Try the "macd decimal" because you have 5 digit go to post 28282
Yvon
  • #28,309
  • Sep 2, 2014 5:50pm Sep 2, 2014 5:50pm
Quoting trademin
Amazing pair the EURUSD is! The price broke the down trend channel heading to the next target…amazing! Amazingly I sold it again…right at the break of the downtrend line. Late but I sold it! Free ride now will see! Targets are getting lower and lower! {image}
I took the same trade except I came out at BE. I was also noticing the strong support so I was not wilingl to let it go into a losing position. Good for you making some pips.
  • #28,310
  • Sep 3, 2014 12:06am Sep 3, 2014 12:06am
Quoting Morelands
{quote} I took the same trade except I came out at BE. I was also noticing the strong support so I was not wilingl to let it go into a losing position. Good for you making some pips.
Hey Moreland,
I am glad to hear from you!
Yea I did that trade on a very fast analyse and glad, in deed, it worked out well! Maybe now the EURUSD, is making a pause before another fall, heading to 1.3000, but will see…I know that more the consolidation stay, more the leg( up or down) should be.
I whish everything is going fine with you.
Yvon
  • #28,311
  • Sep 3, 2014 5:11am Sep 3, 2014 5:11am
My dream or nightmare today..

Short term scalping using the system..

Explanation on the chart.
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  • #28,312
  • Edited 7:45am Sep 3, 2014 5:16am | Edited 7:45am
Has anyone looked at the signal providers on mt4/5..

I see this is where you can make money from trading..if you are correct and can make a profit and then other people will subscribe and that is the money earner..

of course i need to tell my subscribers to do the opposite to my trades! for 100% chance to make profit..(this is a joke i have not put myself up as a signal seller)

You can view traders open and closed trades on there mt4 screenshots.....but i cannot find the trading methods yet..

The 2nd upload is from a traders account once you click on their link and it takes you to a new page in your web browser and shows their open or closed trades..amazing to see other peoples accounts..

From my limited understanding, as I only saw this yesterday you can subscribe to them and then their trades open automatically on your account but you control the percentage of your investment....

Anyone else seen this or used it to their advantage?

I had to install mt4 onto my new computer and now i see this service..i have checked my wifes alpari mt4 on another computer and the signal option is not on hers.
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  • #28,313
  • Sep 3, 2014 7:14am Sep 3, 2014 7:14am
I will be away from trading for about 2 weeks,having family time, I’ll miss you guys. I'm wishing you all a lot of profit.
See you later,
Yvon
  • #28,314
  • Sep 3, 2014 7:40am Sep 3, 2014 7:40am
Quoting trademin
I will be away from trading for about 2 weeks,having family time, I’ll miss you guys. I'm wishing you all a lot of profit. See you later,
Have fun and relax.. come back with even more analogies to follow trading..i love reading your clear descriptions as they paint such a great picture, its so easy to remember that way..
  • #28,315
  • Sep 3, 2014 7:47am Sep 3, 2014 7:47am
Quoting yaakruay
{quote} Have fun and relax.. come back with even more analogies to follow trading..i love reading your clear descriptions as they paint such a great picture, its so easy to remember that way..
thanks yaakruay,
thanks for the good words, make great pips,
Yvon
  • #28,316
  • Sep 4, 2014 4:10am Sep 4, 2014 4:10am
Hello everyone,

I know maybe i am off topic, sorry for that but i would like To ask Phillip something about his strategy "5 minute off the zone" and i dont know how To find his email...
Could someone of you help me, please?

Thanks in advance!

Mirko
  • #28,317
  • Sep 4, 2014 11:35am Sep 4, 2014 11:35am
hi, I won't necessary answer questions, I'm away...but I had some pending trades that were closed while away...there it is:

EURUSD : closed Trade: 147 pips gain
… I’m waiting for a bit a vacuum here so I’ll be shorting again…the ride down not done yet. will see…

there are some strong bars showing the real south!
have a nice day,


edit:::

What is remarquable is to see the weakness right at the last TC on the macd where it says “reached”,( was already below zero line) already it meant to me that the pair could fall seriously. This is what I meant by “anticipation!” is to find on the chart on longer term what could be usable to support a trade on the 4hrs chart. This “weakness” is one of them…, the formation of HS is another.there were many HS …and there is another “big one” to go…
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Yvon
  • #28,318
  • Sep 5, 2014 1:31am Sep 5, 2014 1:31am
Quoting okrim
Hello everyone, I know maybe i am off topic, sorry for that but i would like To ask Phillip something about his strategy "5 minute off the zone" and i dont know how To find his email... Could someone of you help me, please? Thanks in advance! Mirko

Can you send him a message from your profile page.
  • #28,319
  • Sep 5, 2014 1:39am Sep 5, 2014 1:39am
Quoting trademin
hi, I won't necessary answer questions, I'm away...but I had some pending trades that were closed while away...there it is: EURUSD : closed Trade: 147 pips gain … I’m waiting for a bit a vacuum here so I’ll be shorting again…the ride down not done yet. will see… there are some strong bars showing the real south! have a nice day, edit::: What is remarquable is to see the weakness right at the last TC on the macd where it says “reached”,( was already below zero line) already it meant to me that the pair could fall seriously. This is what I meant...

That was fun yesterday...i had a buy trade in....got smacked down with that and then opened 3 different shorts spaced out by 10 pips each..

That first strong candle down was enough...i took 50 pips each from my orders but my broker was being a broker and wouldn't give me the true pip amount which was at 85 and they kept requoting me...buggers...

But i should have kept one open and took double! such is life...

The main thing is....i took money from it.... and now we have a RB and a retrace in progress i will wait for the TC back to the 8/21 and down again...bloody amazing...the Euro is dying but will come back.....

I have never really got to grips with the TC's but now i have been following the deepest/tallest macd signal and trading the way the momentum is going (TC) and it works...after so long..i am wondering if my head and foot is actually almost tapping to the beat of the market.only a nod and a tap not a full dance like me dad! haha
  • #28,320
  • Sep 5, 2014 2:57am Sep 5, 2014 2:57am
This is the GBP.

Deep macd....could be wave 3 of 5 come on JP don't disappear on us now!

So now we are waiting for the pullback to 8/21 on H4...89 on h1 etc..

Once that pullback has tabbed the 8/21 ma on the h4 and macd is nearer the zero line...get ready to sell...
to at least the bottom of the last low and more.

That my friends is a TC and it's so easy to spot and action on and get easy pips.

Why i couldn't see this in the previous 3 years is beyond me...or is it just a figment of my forex frazzled brain.

Go and look at any currency anytime frame and find the deepest/highest macd and see what happens after...there is 99% (just made this statistic up..no true data) that a TC will follow... and your stop loss is so small too....we are talking 15 - 25 pips for a nice return.....

Am i bonkers or is this easy to see and trade on this system.
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