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4 Hour Strategy (MACD)

  • #28,321
  • Sep 5, 2014 3:02am Sep 5, 2014 3:02am
Hey Guys,

Hope all is going well.

I'm not trading at the moment due to other commitments but will hopefully be back in closer to the end of the month.

I will pop back in when I can, just so you don't think I've gone AWOL!

Hope Yvon has a nice break with the family as well
  • #28,322
  • Sep 5, 2014 3:06am Sep 5, 2014 3:06am
I have put 2 sell limit orders in place

Both the same plan on Euro and GBP.

RB forming and then sell on the pullback to 8/21 making a TC.

How many times have i made a plan and then not followed it through....many many times.

So now i want to see if using pending orders will remind me to check those charts and plans...
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  • #28,323
  • Sep 5, 2014 4:44am Sep 5, 2014 4:44am
Quoting JonnyPip
Hey Guys, Hope all is going well. I'm not trading at the moment due to other commitments but will hopefully be back in closer to the end of the month. I will pop back in when I can, just so you don't think I've gone AWOL! Hope Yvon has a nice break with the family as well

I have been looking at the wave 3 count as the deepest highest on macd..i know this is the basic of the waves and tip of the iceburg, but so far it seems to work..keeping me in or out of trades.

Can you post a chart when you have time of some waves within this system..

cheers
Richard
  • #28,324
  • Sep 5, 2014 8:31am Sep 5, 2014 8:31am
Quoting yaakruay
{quote} Can you send him a message from your profile page.
Hi Yaakruay, thanks for the answer, but unfortunately, there is not the button to send him a message...
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  • #28,325
  • Sep 8, 2014 2:27am Sep 8, 2014 2:27am
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

Maybe you could ask the question here and see if someone can answer it or P.Nell may see it and answer it himself.

Give it a go...its always good to see questions and try to find the answers for self improvement.

cheers
  • #28,326
  • Sep 8, 2014 3:56pm Sep 8, 2014 3:56pm
I always liked MACD on the H4.
  • #28,327
  • Edited 2:48am Sep 13, 2014 2:29am | Edited 2:48am
Quoting traderexpert
I always liked MACD on the H4.

Me too...I am just discovering how to use the macd properly..it has been on my charts for years..

P.Nell says he doesn't use it so much now.

I am just discovering the power of it... utilized with pullbacks..

This is such an easy thing to see on the charts and a very powerful way to make pips on any time frame.

This is most probably a TC trend continuation which i could never never understand or see developing no matter how hard i tried, or how much material i read or questions i asked on this thread...but now this idea and formation is sticking in my frontal lobes!

Big move on macd
wait for retrace
go in the direction of the market.

This may seem simple and it is but it has taken me years to see this.... boom.
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  • #28,328
  • Sep 16, 2014 7:00pm Sep 16, 2014 7:00pm
Hi,

I'm back. It's seem rather quiet here. Are you guys still trading?

Nicholas
  • #28,329
  • Sep 17, 2014 1:24am Sep 17, 2014 1:24am
Quoting nic73
Hi, I'm back. It's seem rather quiet here. Are you guys still trading? Nicholas
Nice to have you back..

I have discovered something to help me..

I put a vertical line on my charts every morning on the H4 where price is at...draw 2 trendlines and check out what is happening with macd, moving averages etc.

It has helped me to break down the movements in small sizes which my brain can handle and remember... it also helps to remember the images of what the macd does with price etc..

see my chart..

good to have you back...a little quiet..peeps away on holiday etc...money lost/win big recently and then little movement on the charts too.
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  • #28,330
  • Sep 18, 2014 12:23am Sep 18, 2014 12:23am
Epic fail yesterday...actually i am lying i didn't trade it...but when i made the upload i thought i had made a losing trade....i went with the Nzd/usd but didn't post a chart.... duh!

We can still see price movement though..

I am breaking price down into daily moves with the vertical red line when i first switch on my charts...this is helping to break down movement into manageable chunks.

So divergence...RB forming.... waiting for confirmation from a bounce up from bottom TL
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  • #28,331
  • Sep 19, 2014 12:11am Sep 19, 2014 12:11am
I didn't trade these.

Just wanted to make a point and journal about my experience since putting on daily vertical lines.

These are 2 trades i saw and could have traded but didn't as i was testing, watching and learning.

The important point for me to remember is to trust the system.

But breaking the charts down with these vertical lines is a winner for me at the moment as i am learning the movement.
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  • #28,332
  • Sep 22, 2014 3:50am Sep 22, 2014 3:50am
Hi, I have a question here about broker. Does any of you formerly use MT4 platform provided by IBFX?
  • #28,333
  • Sep 22, 2014 10:11am Sep 22, 2014 10:11am
Quoting nic73
Hi, I have a question here about broker. Does any of you formerly use MT4 platform provided by IBFX?

Hi Nic,

I am not quite back in yet on the tread but I can answer your question.

Yes, I am one of them that their account has been closed since new Canadian rules. IBFX has been very kind all the way. I have received all my money back, no problems!
Yvon
  • #28,334
  • Sep 23, 2014 10:35pm Sep 23, 2014 10:35pm
Quoting trademin
{quote} Hi Nic, I am not quite back in yet on the tread but I can answer your question. Yes, I am one of them that their account has been closed since new Canadian rules. IBFX has been very kind all the way. I have received all my money back, no problems!
Thank Yvon.. Which broker are you using now?
  • #28,335
  • Sep 23, 2014 10:37pm Sep 23, 2014 10:37pm
I feel drained. Sometimes the trade works sometimes not. What's is wrong??? Am I ever going to make it.
  • #28,336
  • Sep 24, 2014 12:44am Sep 24, 2014 12:44am
Quoting nic73
I feel drained. Sometimes the trade works sometimes not. What's is wrong??? Am I ever going to make it.

Hey hey hey.

My story is over 3 years old with forex..trading real money...i tried demo for a month and got no feeling out of it..

I have been doing 10 pence per pip or more for 3 years...i have never made a penny!

BUT last year i slowed down on the money i was losing (almost break even)

This year i am just treading water....i win win win then lose back to square one...... i am break even..

So once i get past this stage i will be making money! hahaha

It has been a long hard process for me.....looking at charts everyday from 5 minutes to 1 hour (not timeframes but time spent looking)

Reading and watching lots of websites/books/webinars...

But...practice practice practice..

Keep going.... if it was easy everyone would do it......

You gotta feel the burn first....train hard fight easy!
  • #28,337
  • Sep 24, 2014 2:22am Sep 24, 2014 2:22am
Hi. I was with IBFX in America as well as in Australia. On the 19Sept all accounts that was not withdrawn was transferred to FXCM. You can follow up with them. My accounts is already up and running with FXCM. Here is part of a mail I received from IBFX.

Dear Client,

IBFX Australia Pty Ltd. (IBFX) recently agreed to transfer your current IBFX “MT4” account to FXCM Australia Ltd. (FXCM). The transfer is scheduled to take place beginning the weekend of September 19, 2014. FXCM holds an Australian Financial Service (“AFS”) license issued by the Australian Securities and Investments Commission (ASFL No. 309763).

If you have no objection to the transfer of your account to FXCM, then no action is required. Effective September 19, 2014 at approximately 5:00 pm ET, IBFX will transfer your account, client money balance, open positions, customer data and non-transactional history to FXCM. Following such transfer, your account and positions will be reopened with FXCM, and FXCM will be the counterparty to your positions and service provider to your account(s).Please note that any net open positions you have in your account below 1,000 units will be liquidated via a market order shortly before the transfer.

Regards
Phillip
  • #28,338
  • Sep 24, 2014 2:26am Sep 24, 2014 2:26am
Quoting trademin
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...

Excellent explanation.
  • #28,339
  • Sep 24, 2014 9:15am Sep 24, 2014 9:15am
Quoting Phillip Nel
{quote} Excellent explanation.
thanks for the comment m. Nel,

have a nice day,
Yvon
  • #28,340
  • Edited 12:57pm Sep 24, 2014 9:23am | Edited 12:57pm
I won't be surprised if the EURUSD pair reach 1.2700
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Yvon
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