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4 Hour Strategy (MACD)

  • #28,521
  • Dec 2, 2014 1:26pm Dec 2, 2014 1:26pm
Quoting sajmon
Welcome For some time I play this system, but I have a question. Do you play during consolidation? I have avoided it if you have any ways how to play in the consolidation of this system? What formations then check?
Welcome Sajmon - Like any method in trading, it is difficult to find good trades when price is in consolidation. Philip does have a few good lessons to follow and he will play from the extremes of the consolidation zones. As a rule of thumb , if price is stuck between the 89 & 200 ma's, it is safer to wait for price to move outside of this zone . This area is considered to be a consolidation zone so if you are tempted to play, the outer boundaries will be your best chance of finding a trade. As with any new thread, it is advised that you start at Page 1 including all P Nell"s Lessons. You will find what you are seeking in there.
Once you have become familiar with the Rythym, we are always happy to answer your questions. It is a lot of reading mate but if you dedicate plenty of time to studying it all, you will really enjoy what you learn.
Post a chart so we get an idea of what you are thinking?
  • #28,522
  • Dec 2, 2014 1:31pm Dec 2, 2014 1:31pm
The EURUSD is doing very well(1.2376), getting closer to the support at 1.2360. On the macd, there is no sign of divergence yet, so, is the pair preparing to break that level? Will see…
Yvon
  • #28,523
  • Dec 2, 2014 2:16pm Dec 2, 2014 2:16pm
Quoting trademin
The EURUSD is doing very well(1.2376), getting closer to the support at 1.2360. On the macd, there is no sign of divergence yet, so, is the pair preparing to break that level? Will see…
Thanks for the reply
Which pairs you play the most? How much is the average of the signals on a pair?
  • #28,524
  • Dec 2, 2014 2:51pm Dec 2, 2014 2:51pm
Quoting sajmon
{quote} Thanks for the reply Which pairs you play the most? How much is the average of the signals on a pair?

hi,
It is not necessary the pair’s name, but the formations on them, the rhythm, the beautiful bounces, the HS,, RT, etc! I don’t catch all the good trades since I do not look at every pair on a regular period.But what I like the most is HS. Sometime I am late in getting in the trade on them, but ok if the target is relatively away from my late entry.
I prefer the EURUSD, the AUDUSD, sometime the NZDUSD, and most of the time I stay away from anything that include JPY in the name…

could you say it in other words please : "How much is the average of the signals on a pair?", I don't understand what you mean, thank you
Yvon
  • #28,525
  • Dec 2, 2014 3:26pm Dec 2, 2014 3:26pm
Quoting trademin
{quote} hi, It is not necessary the pair’s name, but the formations on them, the rhythm, the beautiful bounces, the HS,, RT, etc! I don’t catch all the good trades since I do not look at every pair on a regular period.But what I like the most is HS. Sometime I am late in getting in the trade on them, but ok if the target is relatively away from my late entry. I prefer the EURUSD, the AUDUSD, sometime the NZDUSD, and most of the time I stay away from anything that include JPY in the name… could you say it in other words please : "How much...
I speak little English What is the HS and RT?
  • #28,526
  • Dec 2, 2014 3:28pm Dec 2, 2014 3:28pm
Quoting sajmon
{quote} I speak little English What is the HS and RT?
HS: Head and shoulders
RT: Round Top
Yvon
  • #28,527
  • Dec 2, 2014 3:33pm Dec 2, 2014 3:33pm
Quoting binnie
{quote} Welcome Sajmon - Like any method in trading, it is difficult to find good trades when price is in consolidation. Philip does have a few good lessons to follow and he will play from the extremes of the consolidation zones. As a rule of thumb , if price is stuck between the 89 & 200 ma's, it is safer to wait for price to move outside of this zone . This area is considered to be a consolidation zone so if you are tempted to play, the outer boundaries will be your best chance of finding a trade. As with any new thread, it is advised that you...
Thanks binnie
  • #28,528
  • Dec 2, 2014 3:36pm Dec 2, 2014 3:36pm
Quoting trademin
{quote} HS: Head and shoulders RT: Round Top
Thanks, right
I like a continuation of the trend
  • #28,529
  • Dec 2, 2014 3:45pm Dec 2, 2014 3:45pm
Quoting sajmon
{quote} Thanks, right I like a continuation of the trend

I agree with you, because when trading on a RT or RB (round bottom) it is trading against the trend, the risk is higher, while a TC it is a "trend continuation" as you said.


while HS (or 3 RT in a row)which has it's own anticipations.
Yvon
  • #28,530
  • Dec 2, 2014 4:28pm Dec 2, 2014 4:28pm
Quoting trademin
{quote} I agree with you, because when trading on a RT or RB (round bottom) it is trading against the trend, the risk is higher, while a TC it is a "trend continuation" as you said. while HS (or 3 RT in a row)which has it's own anticipations.
Thank you for your feedback. I would like to ask. Do you play for real. How long did you train by real strategies that before?
  • #28,531
  • Dec 2, 2014 4:59pm Dec 2, 2014 4:59pm
Quoting sajmon
{quote} Thank you for your feedback. I would like to ask. Do you play for real. How long did you train by real strategies that before?

Yes I play for real with 2 platforms + 1 platform demo.

Time to get to real (live) depends on everyone. No specific period as such. Just remember the time it took to drive a car and having the feeling of being in control, knowing all the rules and the know how(using the appropriate tools) to stay alive in bad situations?- this is the feeling you should have to trade live I guess. But that’s my view! Someone else could think differently.

...I am an old driver!
Yvon
  • #28,532
  • Dec 2, 2014 7:29pm Dec 2, 2014 7:29pm
Aussie completed:

Targets achieved. This is a nice Support level for price to take a breather at. 2 options here that I am watching for - there is a possibility for a bounce back up to the 21 so I will anticipate the Macd confirming with a RB and slight Divergence.. If that doesn't work out, price could continue down to the Lower T/line support before stalling.

Attached Image (click to enlarge)
Click to Enlarge Name: AU_Final_3Dec.png Size: 35 KB
  • #28,533
  • Dec 2, 2014 7:42pm Dec 2, 2014 7:42pm
My Watch for today:

UsdSwissy - Macd showing signs of weakening or pausing before another run towards the upper T/line Resistance. Double Top at the moment - will price take a rest and fall quietly back to the 21 ?? ( about 50 pips available ).

Just the way I see things on this pair. My EuroAussie & PoundAussie need more time to show me any possible signals.

Attached Image (click to enlarge)
Click to Enlarge Name: UChf__3_Dec.png Size: 40 KB
  • #28,534
  • Dec 2, 2014 9:58pm Dec 2, 2014 9:58pm
AUDUSD Results (re posts 28511 & 28517)

Lost 72 pips on first entry. Gained 53pips with 2nd entry.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4_2_Dec_2014_Exit.png Size: 33 KB


Thanks Binnie and Yvon for your insight.
  • #28,535
  • Dec 2, 2014 10:52pm Dec 2, 2014 10:52pm
Quoting trademin
{quote} Yes I play for real with 2 platforms + 1 platform demo. Time to get to real (live) depends on everyone. No specific period as such. Just remember the time it took to drive a car and having the feeling of being in control, knowing all the rules and the know how(using the appropriate tools) to stay alive in bad situations?- this is the feeling you should have to trade live I guess. But that’s my view! Someone else could think differently. ...I am an old driver!
If I may interrupt, Yvon why do you use 2 platforms on real account?
  • #28,536
  • Dec 2, 2014 10:53pm Dec 2, 2014 10:53pm
Quoting binnie
My Watch for today: UsdSwissy - Macd showing signs of weakening or pausing before another run towards the upper T/line Resistance. Double Top at the moment - will price take a rest and fall quietly back to the 21 ?? ( about 50 pips available ). Just the way I see things on this pair. My EuroAussie & PoundAussie need more time to show me any possible signals. {image}
So you are about to trade counter trend. Show me your results and you entry, please. and good luck!
  • #28,537
  • Dec 2, 2014 11:01pm Dec 2, 2014 11:01pm
Binnie,
I have been thinking about your post 28502. Do I remember correctly that you traded NZDUSD pairs. Do you still trade this pair? What are / were you results?

Thanks
Nic
  • #28,538
  • Dec 2, 2014 11:30pm Dec 2, 2014 11:30pm
Quoting nic73
{quote} So you are about to trade counter trend. Show me your results and you entry, please. and good luck!
Good recovery today Nic .
Answering your questions :
Kiwi is obviously my own currency but like I said in that post, I have adapted my trading pairs to those that can provide some swinging action ( when they are not consolidating that is ). The Aussie crosses with the USD/ Euro & Pound meet this criteria - especially the PoundAussie. It can range pretty well but needs a slightly bigger Stoploss than the EuroAussie & AussieDollar crosses. Not to say I wouldn't trade the Kiwi if a good setup happens, just I find that too many pairs on my screen means too much time spent looking & analysing. The UsdChf is my last addition to my basket.

As for a possible CT on the Swissy - I have attached my ideas for you but with only 1/2 to bar close, it looks as if the latest candle will be bullish and will mean I sit it out meantime.
Anyway - I hope this explains & helps you mate.

Attached Image (click to enlarge)
Click to Enlarge Name: UChf__2nd_take_3_Dec.png Size: 46 KB
  • #28,539
  • Dec 3, 2014 6:30am Dec 3, 2014 6:30am
Quoting nic73
{quote} If I may interrupt, Yvon why do you use 2 platforms on real account?
Because I used to trade on one platform a while ago until I found out that another platform provided more pairs that wasn't on the first one, so I opened a new one until I realize that first one was providing the same thing! So I didn't closed it, now I have 2 !
Yvon
  • #28,540
  • Dec 3, 2014 6:35am Dec 3, 2014 6:35am
141128EURUSD: Secured 120 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 141128EURUSD-3.png Size: 125 KB
Yvon
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