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4 Hour Strategy (MACD)

  • #28,941
  • Jul 22, 2015 11:01am Jul 22, 2015 11:01am
AudUsd : 4HOUR CHART

I call them twins (AudUsd and NzdUsd)

stoploss = 24
profit = 50

For sure move to the south is likely to get to that brown bottom trend line on the 4hr.
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  • #28,942
  • Jul 23, 2015 12:23am Jul 23, 2015 12:23am
AUD/USD and NZD/USD: the twin...pair.

Profit targets reached for both of them.
A nice co-incidence between the pairs, co-incidence with respect to Fibonacci levels (61.8% and 127%) where profits were taken for the Aud/Usd and Nzd/Usd respectively. And the both pairs reversed to the north just after kissing profit targets.

Happy trading!
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  • #28,943
  • Jul 23, 2015 2:11am Jul 23, 2015 2:11am
Quoting naustingfx
AUD/USD and NZD/USD: the twin...pair. Profit targets reached for both of them. A nice co-incidence between the pairs, co-incidence with respect to Fibonacci levels (61.8% and 127%) where profits were taken for the Aud/Usd and Nzd/Usd respectively. And the both pairs reversed to the north just after kissing profit targets. Happy trading! {image} {image}
Yes, I thought so about AUDUSD and NZDUSD. So when I trade one I don't trade the other in case they go against my direction. But your insight again is an encouragement that another trader see things as I do. Thanks.

On NZDUSD, again I learnt something new. Your idea about using the 1HR time frame and fibonacci to take some pips is very nice and clear. And analysing the pair with longer period chart yes, how could I have missed that? Consistency is the word, I need to be consistent with my analysis I sometimes miss out on certain facts.

NZDUSD is one pair I should be sticking to for good, my rate of success with this pair is rather high.

Thank you.

p/s By the way, I am not as professional as you think. I am very much an amateur with trading. But I am gaining a lot of insight from this forum. One thing I like about this forum is that people here are very helpful. Thanks to all for giving your time and effort to helping me. You will be blessed abundantly blessed for you kindness. Cheers.
  • #28,944
  • Jul 24, 2015 3:17pm Jul 24, 2015 3:17pm
Quoting nic73
{quote} Good morning: I think your idea is to trade between the upper and bottom trend lines on the 4hr chart, am I right? Entry based on fact that: 1. Price was moving up and away from the bottom trend line on 4hr. 2. On the 1hr chart, market breached the upper trend line and this confirmed the move away upwards. This is how I see it, do fill me with your insight on this. And using small stop loss of 12 pips.... yes and at the same time giving yourself an opportunity to take the trade. Like this. Alternatively, I could have take a small...
Good evening bro!
I did not trade today, Friday, July 24th, 2015. Some renovation going on in my house...I have to put things in place in the house, which for now is also my office (home office)...as I am trading for a living. Thanks to God for that!!!


Your QUESTIONS and my ANSWERS:

Question 1. I think your idea is to trade between the upper and bottom trend lines on the 4hr
chart, am I right?

Answer: It depends on the behavior of price within the trend line. If the price is ranging within the trend line in the 4HOUR time frame, then YES!
Note: there are cases where you can still have some other small or very short term trend lines drawn within the belly of bigger trend lines or price channels. In such case I do not trade off the top and bottom of such small trend lines, rather I allow price to break such trend lines, probably pull back to it,and as price begins to move away maybe with a TC on the macd, then I jump in and my target (exit level) is normally at the top or bottom of the bigger trend lines within which the small or short term trend lines (in some cases, triangles) are formed.

Question 2.
Entry based on fact that:
1. Price was moving up and away from the bottom trend line on 4hr.
2. On the 1hr chart, market breached the upper trend line and this confirmed the move
away upwards.

Answer: 1. Not because price was moving up, not at all, as price from time to time always move up or down. Rather, the second clause has a point; that price was moving away from the bottom trend line on the 4HOUR. Better said, is that; because the very bottom trend line from where price was moving away has been confirmed by me to be a very strong SUPPORT LEVEL.

2. Normally when a trend line or moving average is breached not once, but several times, it indicates weakness, in the sense that, if it was acting as a SUPPORT or RESISTANCE level for price, it is most likely not to hold again.

MY ENTRY ANALYSIS:

i Having confirmed that the bottom brown trend line was a VERY STRONG RESISTANCE for price...

ii Rules says that in a down trend, when price breaks above the 21ema, it tends to pull back to it or around it, and then moves to the 89 (the blue moving average above the top brown trend line). Since the 21ema has been breached several times from the past, it is tends to be very weak, and cannot resist price again

iii Therefore, our normal entry should be just as at the close of that 4HOUR green bar, the last one moving away from the brown bottom trend line before the heavy break to the north

iv As I missed that entry, so I begin to look for any other nice setup which should be in confluence to the rules, so as to be part of the move to the north...

v ...that is where I normally go to the 1hr or M15, etc...and see the 1hr chart (you have a nice point already on that one), but see my chart below, I used the Fibonacci to get involved...the retracement of price to the 50% and heading back to the north, was the right time to get aboard to fight to the north pole.
I so much "LOVE" that whole weather...everything was very clear and in "perfect" confluence!!!

That trade was a setter!

May God give you the grace to understand all I have explained in Jesus name!!!

Stay BLESSED and KEEP IN TOUCH WITH GOD BY LIVING A GOOD LIFE AND PRAYING ALWAYS. I TELL YOU BROTHER, ALL EFFORT OF MAN TOWARDS SUCCESS WITHOUT THE GRACE OF GOD IS ALWAYS FUTILE!!!

KNOWLEDGE, HARD WORK, DISCIPLINE, PATIENCE... ALONE CANNOT GIVE BIRTH TO SUCCESS, UNLESS GOD POURS OUT HIS GRACE ON THEM!!!

THIS IS THE REALITY IS DIVING PROSPERITY!!!

HAPPY TRADING!

GOD BLESS YOUR FAMILY IN JESUS NAME!!!
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  • #28,945
  • Jul 28, 2015 1:05am Jul 28, 2015 1:05am

ONE OF MY SCALPING TECHNIQUES REVEALED

The post and result above is one of the ways I scalp the FOREX market using the 4HOUR MACD STRATEGY. I have given detailed explanation to that already. Read the post above.


Below is another method I use in scalping.

AudUsd: 4HOUR: July 28th, 2015

Price broke the brown support trend line, pulled back to it a 2nd time and most likely to move away from it (to the south).
We are also in a down trend. I have entered based on the 4HOUR MACD principle as the fundamental, but with a scalping concept. What is interesting is that I have a nice confluence to do that. The probability of success is always high, and if there be losses, it will be very minimal...like the trade below (confirm from your char), my stoploss is just 12pips ($12) @ 0.1 mini lot and a target of 60pips ($60).

Just almost the same with the trade I posted above, it was 12pips stoploss and profit ran for more than 50pips.

I hope someone will find some good use of this information.

KNOWLEDGE, HARD WORK, DISCIPLINE, PATIENCE... ALONE CANNOT GIVE BIRTH TO SUCCESS, UNLESS GOD POURS OUT HIS GRACE ON THEM!!!

THIS IS THE REALITY IS DIVING PROSPERITY!!!

HAPPY TRADING!
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  • #28,946
  • Edited 1:18am Jul 28, 2015 1:11am | Edited 1:18am
Update: As I was still typing and trying to post, price ran quickly for a +21pips gain just in about 40minutes. And for a SCALPER, that is a nice result, with a risk reward ration of 1:1.75.

As usual I have not really decided to scalp...I feel like giving my position room to play out. But also have planned to be very conservative...so I am most likely to set my stoploss to break even as soon as possible.
  • #28,947
  • Jul 28, 2015 1:21am Jul 28, 2015 1:21am
WOW!!!

Great opportunities so scalp...nice scalping setups in both the EurUsd and EurJpy...I have also taken that of EurUsd.

Happy trading to all
  • #28,948
  • Jul 28, 2015 1:31am Jul 28, 2015 1:31am
Quoting naustingfx
WOW!!! Great opportunities so scalp...nice scalping setups in both the EurUsd and EurJpy...I have also taken that of EurUsd. Happy trading to all
Stoploss = 4pips

Profit (floating) = 10pips
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  • #28,949
  • Jul 28, 2015 1:37am Jul 28, 2015 1:37am

Scalping the 4 Hour macd System on the 1 minute Chart


EurUsd: July 28, 2015

more scalping techniques unleashed

I am doing it on the 1minute chart.
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  • #28,950
  • Jul 28, 2015 1:45am Jul 28, 2015 1:45am
Quoting naustingfx
Scalping the 4 Hour macd System on the 1 minute Chart EurUsd: July 28, 2015 more scalping techniques unleashed I am doing it on the 1minute chart. {image}
I have now employed trend lines to trail profit.
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  • #28,951
  • Edited 2:17am Jul 28, 2015 2:10am | Edited 2:17am
Quoting naustingfx
{quote} I have now employed trend lines to trail profit. {image}
Close out all positions...I gave myself the opportunity to make +41pips with a stoploss of 15pips in about less than 1Hour for both the AudUsd and EurUsd pair. I am likely to head of another pair for more scalping opportunities...

Note: I am not really a scalper, but I scalp when I may not likely have all the time to trade during the day...

I also scalp for fun (like playing a game).

When you trade FOREX market on the 4hour and higher time frames alone, over many months or years, you are deprived of the pleasure that can come from the emotional perspective of the FOREX market (the same emotion that attacks the mind set of a trader and can result to losses, is now logically converted to pleasure by the grace of God)...

By God's grace, it will come to pass in the life of a trader, when all things begins to work together for his/her good.

All odds will now be in your favour.

God is great!!! He did not allow me to give up, even when I gave up!!!

May His name be glorified!!!

Gloria in Excelsis Deo (Glory be to God in the highest)!!!
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  • #28,952
  • Edited 8:41am Jul 28, 2015 6:49am | Edited 8:41am
EURUSD 28 July 2015

Took this trade today. Counter trend trade and price looks like reacting in a channel. Please see comments within chart. Thanks.

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0940pm 28 July 2015 Closed trade after price hit 21 ema. For 70 pips profit.
  • #28,953
  • Jul 28, 2015 10:06am Jul 28, 2015 10:06am
Quoting nic73
EURUSD 28 July 2015 Took this trade today. Counter trend trade and price looks like reacting in a channel. Please see comments within chart. Thanks. {image} 0940pm 28 July 2015 Closed trade after price hit 21 ema. For 70 pips profit.

EurUsd: Today: July 28th, 2015: 08:00 candle open


I was there too. Nice trade. See chart below...it was also in that very area that I did some nice scalping...(see explanation for the scalping above).

Happy trading.
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  • #28,954
  • Jul 28, 2015 10:09am Jul 28, 2015 10:09am
UPDATE: RESULT
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  • #28,955
  • Jul 29, 2015 4:05am Jul 29, 2015 4:05am
Hi naustingfx,

Referring to you post 28944. Thanks for replying. I understand your analysis except for on particular point. Please see quote below that was taken from your reply:

ii Rules says that in a down trend, when price breaks above the 21ema, it tends to pull back to it or around it, and then moves to the 89 (the blue moving average above the top brown trend line). Since the 21ema has been breached several times from the past, it is tends to be very weak, and cannot resist price again

The sentence that was highlighted bold above, that's the bit I don't understand. Can you please explain further to me? Thanks
  • #28,956
  • Jul 31, 2015 5:03am Jul 31, 2015 5:03am
Hey guys,

Nice to see the thread still going, even though it seems to have died down a little - I haven't seen tradmin post for a while

Glad to see you are still here nic, hopefully the trading is going well for you.

Just thought I post a quick set up which looks to be coming up on the EurUsd -

Already short but looks like a good place to add
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  • #28,957
  • Jul 31, 2015 3:49pm Jul 31, 2015 3:49pm
Quoting nic73
Hi naustingfx, Referring to you post 28944. Thanks for replying. I understand your analysis except for on particular point. Please see quote below that was taken from your reply: ii Rules says that in a down trend, when price breaks above the 21ema, it tends to pull back to it or around it, and then moves to the 89 (the blue moving average above the top brown trend line). Since the 21ema has been breached several times from the past, it is tends to be very weak, and cannot resist price again The sentence that was highlighted...
That is what the rules says; it means that when price has crossed up and down on a moving average, even trend line ( that is, price breaks through a moving average upward and downward a couple of times- just as my chart, the AudUsd indicated); if that moving averages normally acts as a resistance or support to price (hope you know that the 21ema acts as support and resistance levels too???), then it means that it has been violated, and mostly likely will not be able to pose a barrier (will not be able to act as a barrier) to price anymore...that is what I mean by that statement...

Please if you still do not understand, do let me know and I will make up some chart for you to explain that.

Thanks and God bless.

Compliments of the new month ahead.

Happy trading.
  • #28,958
  • Edited 4:33pm Jul 31, 2015 4:20pm | Edited 4:33pm
Quoting JonnyPip
Hey guys, Nice to see the thread still going, even though it seems to have died down a little - I haven't seen tradmin post for a while Glad to see you are still here nic, hopefully the trading is going well for you. Just thought I post a quick set up which looks to be coming up on the EurUsd - Already short but looks like a good place to add {image} {image}
When a forum or thread seems to have died down a little, it most likely means that everyone is getting on well with the system, and doing just fine...as many of their questions have been answered already...forums are always very busy when the places is flooded with new bies or people who are not new bies but are new to the system or strategy...I think Phillip has released all it take for anyone to become a pro trader here...

Besides, we trade as a family here, so folks can still decided to be posting to keep the forum warm...I also think here will be a lot warmer if we were on the same time zones and are chanced at the same time to be on our trading platforms together...

The CHART BELOW is 4HOUR TIME FRAME: entry was based upon the 1hr early entry technique...the 15minutes chart could as well do the same, even at a better entry level.

Stoploss = 35pips

Profit = 80pips

Thanks for posting....Happy trading...
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  • #28,959
  • Aug 2, 2015 5:27pm Aug 2, 2015 5:27pm
Quoting JonnyPip
Hey guys, Nice to see the thread still going, even though it seems to have died down a little - I haven't seen tradmin post for a while Glad to see you are still here nic, hopefully the trading is going well for you. Just thought I post a quick set up which looks to be coming up on the EurUsd - Already short but looks like a good place to add {image} {image}
Hi JonnyPip,

I am on the sideline for now, being hit by suntan! enjoying summer time with family and friends!-good time indeed!But, when possible, I take time to read posts here on Phillip Nel tread. I am glad that some of you guys keep it alive, thank you! Newcomers are reading your posts and learn the strategy for their profits! I am glad for them and for you! Keep the good work!
I have some open short positions too in EURUSD! That beast should go down, there is some more room down there I believe, but will see!
I should be more active on the tread soon, getting back to trading on regular basis. Meanwhile, have a good summertime too !

Yvon
Yvon
  • #28,960
  • Aug 2, 2015 8:01pm Aug 2, 2015 8:01pm
Quoting JonnyPip
Hey guys, Nice to see the thread still going, even though it seems to have died down a little - I haven't seen tradmin post for a while Glad to see you are still here nic, hopefully the trading is going well for you. Just thought I post a quick set up which looks to be coming up on the EurUsd - Already short but looks like a good place to add {image} {image}
Hi Jonny,

Yes I am still here with loads of questions for the traders as usual. Still learning and needing a lot of help from the experienced one. Hope to see you all around more often.
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