4 Hour Strategy (MACD)

RESULT OF TRADE

TRADE ON NOVEMBER 10th, 2015 continued:

AUD/USD

4 HOUR RESULT

1 HOUR RESULT

MY QUOTE: Knowledge, determination, hard work, discipline, and big money in trading account ALONE can not guarantee success unless GOD pours His grace on them!!!

Happy trading to you all!!!

Hi Naustingfx.

Thank you for posting the charts. Can you kind of indicated where the entry was, I mean the candle where you execute the trades. Also, can you explain your charts with words. By just seeing the charts without any explanation I can't make out much of how or on what basis you took those trades.

When you say 1hr early entry, what do you look for exactly, on the 1hr and even the 4hr charts to trigger an entry? Thank you.

END OF THE WEEK TRADE: EUR/JPY TRADE: 13TH NOVEMBER, 2015

I decided to leave this trade over the weekend.

I don't do that always, but at certain times or situation when I found something very interesting, I give some positions room to run over the weekend.

I also do this when I have made good pips during the week, then I discover a nice trading opportunity towards the close of the week... then I take the trade and allow it to run over the weekend...and in many cases, one can make good pips with that.

I found price shoot very fast just at the open of the new trading week in my favor...sometimes it happens with a big gap, price jumps in my favor and huge pips made...hope this EUR/JPY trades happens that way next week...let's pray for this trade!!!

Happy trading to you all!!!

Hi Nic73: thanks for your comment.
I do believe that my charts or most of them have lots of details to show how I take trades. I put a lot of work making sure may tools (trend lines, Fibonacci, macd, etc) which I use in trading are well displayed on my charts...and no one have pointed out what you have just said in your post...so I was thinking that as no one have asked for any more details, most likely the understand my charts well and do not need further words to explain how I trade...and the rules of the system tend to be constant for all who know them well...but of course, I do know that we all despite that we have same rules here, have as well unique way of trading this same system...

And if you look through my posts, you will find out that, I think, many of my trades were snapped once I take them...so the current setup and candle you see in my trades are just at the spot when I took the trade...But thank you for pointing that out. I will be happy if you can point straight to the ones you need word...or is it all of them?

God bless

THE REVERSE HAPPENED

Happy trading.

AUD/USD: Monday: November 16th, 2015

HOW I JUMPED IN: The speed of the market is on the trend line as well as on the 89mav the blue mav.
There was price rejection with that tail kissing the trend line at the 4hr, then price broke the 21ema and closed below it, that is a very good sign for a possible move to the south supporting the story of that long tail (price rejection; price has rejected the trend line indicating a strong reversal)...

After observing all these; the the nice one that attracted me is when I saw that the 4hr bar (the very bar where I made my entry) was trying to close as a hammer...that was nice info...so I switched to the 1hr (1hr early entry technique), and their I executed the trade when I saw price finding resistance the 3rd time on the trend line shown in the 1hr chart...sort of a a multiple lower low formation...

Happy trading.

PROFIT TAKING PROJECTIONS:
I have done that with the 1hr using Fibonacci extension levels...also I have them drawn in my 4hr chart in a different way...but both of them are suggesting the key levels of profit taking....

Happy trading!

Yeah...here is the pdf version of the trade above with explanation too.

You can keep it for future reference.

I pray that anyone who comes in contact with it be able to understand and appreciate it to the glory of God who gave me the grace to be successful and to share my trading ideas with others. Thanks be to God!!!

You can as well make your comments.

Happy trading!

God bless!

USD/JPY TRADE: NOV. 20TH 2015

Stop loss = 12pips plus spread

Profit =@123 level/breakout level/previous high

Hi
Wish you all well in Jesus name!

I have put everything (multiple charts and very detailed explanations) in the pdt document below. You can download and keep for reference purpose...you can make your comments as well.

Happy trading to everyone.


God bless!

Hi Nausting,

Great charts very interesting to read and very detailed. It's great you put so much time into them. I haven't really had the time recently to put them up but I saw your USDJPY post and found it interesting and similar to my chart projections.

I personally didn't take the long trade due to the "railroad" candlestick pattern off the 21ema in the 1h which made for a strong selling signal, but I also thought it may go higher first before moving down, so I'm on the sidelines looking to short from higher.

There was also a bearish engulfing day yesterday in the JPY suggesting further declines.

Here's what I have and where I think this could be good to get short, just as you said in your post, I also have the 122 as roughly the target point.

Rhythm is break of 89, pullback move to 365 (or further).

Anyway lets see how it plays out and if we get a chance to jump on!

Happy Trading

Looks like this could be the 1h candle which gives the bounce, still to risky for me though

Hi bro/trader;

Your insight is quite interesting...

Yeah! As you pointed out, the previous day's bearish engulfing bar on the USD/JPY pair and other info suggesting a strong down move are very important info to consider in the process of decision making to taking a trade..., but those alerts (bearish alarms as you pointed out) did not move me, because I have seen many times very solid indication (as regards candle patterns/formations) suggesting that price will move to a certain direction, but price failed woefully... due to a very strong barrier (long term trend line, etc) posing a supreme obstacle to price motion/direction...

I took time to learn the various situations or diversification as regards what I just said, and I discover that at certain points in the market, what used to be a very important information to anticipate price direction could as well be powerless or not necessary due to the overall weather/situation of the market...and that is what happened in the trade, Usd/Jpy trade I had posted earlier...even as I type, the move to the south is suffering some serious frustration due to that long term resistance trend line (the thick purple one)

I have just put up more info in my chart ahead of next week's trading; and that shows that in the long or maybe short term the overall bias of the market is bearish...see my chart below....

First three charts are Daily time frames; the last on is the 1hour.

Thank you Jonny for your time.

Happy trading!

God bless!

HERE IS THE 4 HOUR CHART: I MISSED POSTING IT ABOVE

KEEPING THE SYSTEM SIMPLE:

I do not think there is much/really anything new to this strategy other than what Phillip Nel has showed already....Some of the major reasons I put up post here are as follows:

1. Some people or new ones may benefit from my post as I put much effort to ensure that I do not post things that will distract them from focusing on exactly what Phillips has taught here...I find that some traders have added different unique ideas to this strategy and they share it here...the unique ideas could be very interesting...and some other traders here could benefit from it, but the new ones tend to suffer it (consciously or unconsciously) because it tend to divert their attentions to the rudiments of the basis of the system...they may tend to jump from one nice info to the other (as well as from one traders post to the other), and over some time they may not have a nice emotional balancing to focus on the core of the 4 HOUR MACD SYSTEM so as to sit down and actually go through all the lessons and other tutorials well...and for me such an approach could be very killing to trading success....

1. I discovered some traders subscribed to my posts here...so I do have that soft feeling to at least keep their subscription warm. I know that God will help them all too...

1. Another point is that I sensed that some people tend to feel that any thread where the starter is not posting his analysis and trades often, it then means for them that the system is not really working....and that is a wrong idea....many people/traders who benefited from this system from its early days seems to have just taken it and "ran" into their private trading rooms, trading the system (in their closet) and making a lot of pips/money their silently...I even know someone who started here very early who now has like a blog/YOUTUBE channel with like "thousands" of followers...so the system is working...but one has to be focused...

1. The System is working and it is just working well...

Summary: I may not be posting often...what I normally do is that, from time to time I come in to encourage people with my own posts and trading performance....I think that serves like an oil to an engine to keep shafts in swift movement....So I may not be posting so often, but I can be coming in from time to time to receive any blessing from this forum by the grace of God...be free to send me any private message for good...and by God's grace any questions you have will find direction and blessings....

Dear brothers/sisters traders, I wish you all a successful trading career.
But the focus for every living being is to living a good life, which is to be in tone/harmony with God...trading, fame, power, and earthly possessions are very much secondary. God is the focus...God has being in existence and power before we were born and before trading began....

May we always acknowledge him in our every day life and worship HIM. HE IS GOOD!!!

I wish you all well!!!

Happy trading to all.

this is my gift to everyone!

a very powerful information about the life of eagle.

someone sent it to me years ago. I love it so much and i know it will bless you.

the second file will bless you more

please take your time and download them and enjoy them

seasons greetings to you all !!!

I am sorry, I could not post it here....ForexFactory said that the file format is not supported. It is a wonderful power point presentation.
Please if you like to have have them let me know how you wish to receive it.

Keep your faith in God always!

Thanks!