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4 Hour Strategy (MACD)

  • #28,821
  • Apr 7, 2015 6:33am Apr 7, 2015 6:33am
Hi guys, new to forexfactory but I've heard about Phillip Nel from my friends who trade using his system. I need guidance on how to use this system. Thanks
  • #28,822
  • Apr 7, 2015 6:41am Apr 7, 2015 6:41am
Quoting okemu
Hi guys, new to forexfactory but I've heard about Phillip Nel from my friends who trade using his system. I need guidance on how to use this system. Thanks
Go to post number 1 and read forwards from there !
every Saint has a past. Every Sinner has a Future
  • #28,823
  • Apr 7, 2015 9:59am Apr 7, 2015 9:59am
150407NZDCAD:
There is a new trade as well as a new comer for me. I don’t remember having ever traded this pair. But it seems to be interesting by the figures it makes.

There are a lot more to see on the weekly chart and daily chart, but the 4hrs chart is my focus.-As so many times, I sold it too soon! Triple top(RT/HS), divergence on the macd, target at .9200 or so, then .8700. Price broke the neckline (orange), making later another possible HS which price didn’t broke the green neckline yet, but will see…
I am not in a hurry on this one because of the weekly chart.
I’ll just let it go and see…
Attached Image (click to enlarge)
Click to Enlarge Name: 150407NZDCAD-3.png Size: 93 KB
Yvon
  • #28,824
  • Edited 10:54am Apr 7, 2015 10:18am | Edited 10:54am
here is something else, it is about the ATR that M. Nel mentioned earlier...

I make reference here at the chart just above:

By looking at the lower indicator, the ATR,( yes, that yellow ripple there) look at the value at the right end (with the setting at 1) you will see a number that represent an average value of candle range that I obtained by drawing an horizontal line which is about 82 pips. This is what is expected as the 4hrs candle there, having a possible range of 80 pips or so.-

if you look again at the ATR, on the left , there is a spike of about 140-150 pips there. So logically, maybe a spike of 140-150 pips could be coming soon. So maybe if there is a confirmation of a break here of that second neckline (green), we could possibly see a candle getting close to that range but will see!
46 pips done on that candle...
Yvon
  • #28,825
  • Apr 7, 2015 10:50am Apr 7, 2015 10:50am
150407EURUSD
Round Top: double top on the 4hrs chart, divergence on the macd on the daily. Took the trade late. Price below the 89sma now…
Attached Image (click to enlarge)
Click to Enlarge Name: 150407EURUSD.png Size: 76 KB
Yvon
  • #28,826
  • Apr 8, 2015 6:54am Apr 8, 2015 6:54am
Welcome. I see you from Motherland ...

Would be good if you new to Forex, go through Babypips then start this thread from Post 1, no shortcut. Also make sure you understand and can draw trendlines and chart patterns. They really come in handy.

Good Luck

Quoting okemu
Hi guys, new to forexfactory but I've heard about Phillip Nel from my friends who trade using his system. I need guidance on how to use this system. Thanks
  • #28,827
  • Apr 9, 2015 10:09am Apr 9, 2015 10:09am
Quoting trademin
150407EURUSD Round Top: double top on the 4hrs chart, divergence on the macd on the daily. Took the trade late. Price below the 89sma now {image}
150409:
The pair finally broke the neckline, hesitation for a little while and there is the strong candle that I see very often after a break. 1.0600 as a first target,then 1.0400 could be next...
Yvon
  • #28,828
  • Apr 9, 2015 11:48am Apr 9, 2015 11:48am
150407-9EURUSD
My view,
There was a RT that made me open trades on this pair because the HS was not that clear for me then, as well as the neckline. Things that were sure is the price pulling back below 200, 89, 21, 8, and the divergence between price and macd RTs that took my attention. The fact that I was expecting a break of the trend line didn’t get me a good impression because candles were kind of staying around instead of just making a strong expected candle down.

Now that that candle has been drawn by the pair I feel better!
The up trending channel as been broken, the price could be heading to 1.0600 as mentioned earlier, then 1.04700.
The ATR averages about 122 pips, so that expected break would strongly possibly reaches that range. That is a nice, strong candle: about 118 pips on my mt4 platform. Possibly some light hesitation at this level by the market but could be well attracted by the last significant low on the left which could stand at around 1.0615 on my chart.
Still in the trade, short, expecting a continuity fall expressed by the TC on the macd and not oversold yet. Some more room, my view, for a move down.
Attached Image (click to enlarge)
Click to Enlarge Name: 150407-9 EURUSD-multiple.png Size: 131 KB
Yvon
  • #28,829
  • Apr 9, 2015 12:04pm Apr 9, 2015 12:04pm
Quoting nic73
Hi Yvon, Hey thanks for your reply. Yeah, I wish there were more happening in this forum. Is there a way to revive it? I took quite many pips too on Aussie and NZD related pairs. And then went away from Friday till Monday. Nice. Keeping post your trades if you can. It helps me a great deal. Nicholas

There is a matter of choice involved in this fluctuating situation I guess! Maybe some traders are not quite decided yet, while other are taking a break somehow, some are reading in here and not quite ready to write their view yet!
But that’s a beauty to read comments, reading some others view, it is constructive, for sure, at least for me. There will be always different views, perspectives, that when they come, just add freely to our own experiences, just to get us better as traders!
have a nice day Nic!
Yvon
  • #28,830
  • Apr 9, 2015 12:12pm Apr 9, 2015 12:12pm
Quoting trademin
150407NZDCAD: There is a new trade as well as a new comer for me. I dont remember having ever traded this pair. But it seems to be interesting by the figures it makes. There are a lot more to see on the weekly chart and daily chart, but the 4hrs chart is my focus.-As so many times, I sold it too soon! Triple top(RT/HS), divergence on the macd, target at .9200 or so, then .8700. Price broke the neckline (orange), making later another possible HS which price didnt broke the green neckline yet, but will see I am not in a hurry on this one because of...
150409:NZDCAD: well! Quite away from expected behaviours, but I still have the same view; I am sticking to it! Still short!
Yvon
  • #28,831
  • Edited Apr 13, 2015 1:24am Apr 12, 2015 10:57pm | Edited Apr 13, 2015 1:24am
Quoting trademin
{quote} 150409:NZDCAD: well! Quite away from expected behaviours, but I still have the same view; I am sticking to it! Still short!

I took the opportunity to sell again at .9526 at the last RT.
About 75 pips secured already
partially closed at the 200sma: about 80 pips gain.
Yvon
  • #28,832
  • Apr 12, 2015 11:39pm Apr 12, 2015 11:39pm
My first trade of the week, on a Monday morning. Have a lot of success with AUD and NZD related pairs for last 2-3- weeks. I wonder if this is real? I have ot had so much successful trades in a row. Is this real?

Anyway, posted AUDUSD trade below from this morning. Please give me your feedback:

Attached Image (click to enlarge)
Click to Enlarge Name: Moving away from 21ema.1.png Size: 31 KB


Hope you understand my chart.
  • #28,833
  • Apr 13, 2015 12:36am Apr 13, 2015 12:36am
Quoting nic73
My first trade of the week, on a Monday morning. Have a lot of success with AUD and NZD related pairs for last 2-3- weeks. I wonder if this is real? I have ot had so much successful trades in a row. Is this real? Anyway, posted AUDUSD trade below from this morning. Please give me your feedback: {image} Hope you understand my chart.
Hi Nic,
I do understand your chart.

my view
The AUDUSD HS is standing at the lower part of the consolidation. It didn’t break it yet ( as I wrote). Nice TC on the 4hrs chart as well as the daily, where I can see a HS there. If it breaks there, it could be about more than 300 pips to go(down), even going lower. A juicy trade there! Price could possibly go to .6120! But will see...

I believe that doubling accounts are not a dreaming state these days, so you are not dreaming!
Just from some EURUSD trades lately, it became certainly a reality for many traders.
with times , seeing "high probability trades" gets the traders involving more money on those kind of trades than usual. resulting in higher returns
...it goes fast sometime...hummmm!
Yvon
  • #28,834
  • Apr 13, 2015 6:03am Apr 13, 2015 6:03am
Quoting trademin
150407EURUSD Round Top: double top on the 4hrs chart, divergence on the macd on the daily. Took the trade late. Price below the 89sma now {image}
150413: about 50 pips secured
Yvon
  • #28,835
  • Edited Apr 15, 2015 4:42am Apr 14, 2015 7:03am | Edited Apr 15, 2015 4:42am
Hi, as I can, see some still trade this strategy? Would anybody like to discuss the trades live over the Skype chat?
  • #28,836
  • Apr 15, 2015 5:36am Apr 15, 2015 5:36am
Attached File(s)
File Type: tpl 4 Hour MACD estrategia 2015.tpl   9 KB | 459 downloads
  • #28,837
  • Apr 15, 2015 5:40am Apr 15, 2015 5:40am
Attached File(s)
File Type: ex4 b-clock_modified.ex4   7 KB | 491 downloads
Attached File(s)
File Type: mq4 b-clock_modified.mq4   2 KB | 484 downloads
Attached File(s)
File Type: mq4 MACD_Colored_v102.mq4   5 KB | 774 downloads
Attached File(s)
File Type: ex4 TRO_Multi_Meter_CandleColor.ex4   12 KB | 491 downloads
Attached File(s)
File Type: mq4 TRO_Multi_Meter_CandleColor.mq4   16 KB | 539 downloads
Attached File(s)
File Type: mq4 vline_1_1.mq4   < 1 KB | 549 downloads
Attached File(s)
File Type: tpl 4 Hour MACD estrategia 2015.tpl   9 KB | 693 downloads
  • #28,838
  • Apr 15, 2015 5:43am Apr 15, 2015 5:43am
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h4-pepperstone-financial-pty.png Size: 89 KB
  • #28,839
  • Apr 15, 2015 9:40am Apr 15, 2015 9:40am
Quoting trademin
here is something else, it is about the ATR that M. Nel mentioned earlier... I make reference here at the chart just above: By looking at the lower indicator, the ATR,( yes, that yellow ripple there) look at the value at the right end (with the setting at 1) you will see a number that represent an average value of candle range that I obtained by drawing an horizontal line which is about 82 pips. This is what is expected as the 4hrs candle there, having a possible range of 80 pips or so.- if you look again at the ATR, on the left , there is a spike...
So Yvon, can we then use the ATR as a guideline for profit taking, i.e. 80 pips profit in this case. Can we use it for SL? Thanks

Nic
  • #28,840
  • Apr 15, 2015 8:08pm Apr 15, 2015 8:08pm
Quoting medivo
Hi, as I can, see some still trade this strategy? Would anybody like to discuss the trades live over the Skype chat?
Can give that a try. And provided we can fix a time, due to different time zone.
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