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4 Hour Strategy (MACD)

  • #29,241
  • Edited Feb 17, 2016 3:25am Feb 16, 2016 3:30pm | Edited Feb 17, 2016 3:25am
Quoting Cashfarm
Hello my dear brother, naustinfx, you've been a source of encouragement to me. My regards to Sir Nel, too. You are blessed beyond measure. In brief, can you tell me specifically the higher time frames you use for drawing your trendlines? Kindly give us the approach. Thank you in advance.
Thanks bro!
Right! I apply trend lines across the weekly, daily, 4hr and 1hr time frames. But the key trend lines is the ones from the longer time frames, like the weekly and daily, the monthly is also important if you see some nice swing levels or price highs or lows on it which is closer to what price action is currently doing...
  • #29,242
  • Edited 3:48am Feb 17, 2016 3:41am | Edited 3:48am
Quoting naustingfx
{quote} Thanks bro! Right! I apply trend lines across the weekly, daily, 4hr and 1hr time frames. But the key trend lines is the ones from the longer time frames, like the weekly and daily, the monthly is also important if you see some nice swing levels or price highs or lows on it which is closer to what price action is currently doing...

APPROACH TO DRAWING TREND LINES:


Normally trend lines are lines drawn connecting price highs and lows on a certain time frame. It helps the trader to see more clearly possible support and resistance levels of price....the little variation on how I draw trend line is that sometimes, my trend lines is drawn connecting not only highs and lows, but the candle bodies itself. If you carefully go or look through my charts you will see that some or many times the trend lines that I draw connects not only the lows or highs of price but there is an approximation involved, which has to do with those trend lines passing through some candle bodies...So my trend lines are drawn with a combination of price highs/lows and the candle bodies.

SEE THE CHART BELOW FOR ILLUSTRATION
Note: the circles in the chart are showing how my trend lines connect to price highs and lows, while the pink boxes shows how trend lines connect to candle bodies...and both of them (the bodies and the tails/highs/lows) produced successfully useful information for correct trading.

Thanks for your questions. It will help put others through who may be having similar issues.
You are blessed.
Regards,
Naustingfx.
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  • #29,243
  • Feb 17, 2016 4:02am Feb 17, 2016 4:02am
Quoting Pisces
Hi traders, hope everyone is doing fine. I am trying to trade only MACD signals. Can anyone put me wise on which type of signal to avoid , and how to link MACD signals with the market rhythm at 4 hour.
TYPE OF MACD SIGNALS TO AVOID:
When you know the kind of MACD signals to trade, automatically you have known the ones to avoid. Phillip recommends the following MACD signals as very good; they are; round tops (RT) and bottoms (RB), trend continuation signals (TCS), double tops (DT) and bottoms (DB), also we have the twizzer tops and bottoms.

HOW TO LINK MACD SIGNALS WITH THE MARKET RHYTHM AT 4 HOUR:
The linking has to do with using the MACD signals to confirm an entry signal in the 4hr time frame. Phillip said; you must have finished your analysis on the price chart before even looking at the MACD to confirm the signal you had spotted in the 4hr. So there is no other linking than that, and the way to do just that is well shown in Phillips trading lessons and posts.

Thanks!
  • #29,244
  • Feb 17, 2016 12:07pm Feb 17, 2016 12:07pm
Sir Nel, Naustingfx (I wish I know you by name to address you), and the contributors on this platform have been (rarely) real blessings to someone like me. I have been hitting my head against the 'wall' of forex trading, I'm seeing light now and can't wait to post the results here-- God willing. I would want to be one of the guys keeping this thread alive. Thanks, once again, Naustingfx
  • #29,245
  • Feb 18, 2016 1:29am Feb 18, 2016 1:29am
Quoting Cashfarm
Sir Nel, Naustingfx (I wish I know you by name to address you), and the contributors on this platform have been (rarely) real blessings to someone like me. I have been hitting my head against the 'wall' of forex trading, I'm seeing light now and can't wait to post the results here-- God willing. I would want to be one of the guys keeping this thread alive. Thanks, once again, Naustingfx

Naustingfx

It is well bro!
I give God all the thanks and praise that my work is serving people well and fueling them in the way to success.
All that I do here, I do it for God's sake...I know the challenges I have passed through in life and how God never let me crash irrespective of my mistakes and messes...the summary is that God is good...therefore trying to be of more help to anyone one here is only a way to say thank you to God for His kindness, mercies and grace upon my life...GOD IS GOOD!!! I SHOUT IT FROM THE ROOT OF MY LIFE...GOD IS GOOD AND ALL I DO HERE I DO TO THE GLORY OF HIS HOLY NAME!!!

Hint: There is no field that one gets into in life without facing the challenges thereof. So I wish you well brother.
Great Secrete to success is as written in the Holy Book: Joshua 1:8. Please never forget this. If you follow FOREX TRADING according to that, you will succeed by God grace. Also added to that is what is written in the Holy Book: "DO NOT FORSAKE THE DAYS OF LITTLE BEGINNING"...this applies to FOREX TRADING perfectly...which means that you should use very small risks so that even if you have 10 losses at a stretch you will still remain in the game...

God bless.
  • #29,246
  • Feb 18, 2016 1:43am Feb 18, 2016 1:43am

EUR/JPY TRADE: 18th February, 2016


I entered this trade about 1hr now. Price has found a strong support on that trend line below. Hope everything goes well.
Quote: "when you are using a very nice risk, you will not be afraid of taking trades setups when you see them. Also you are not afraid of losses....this gives one the real raw mindset set of a successful trader"-Naustingfx

God bless
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  • #29,247
  • Feb 18, 2016 1:55am Feb 18, 2016 1:55am
update: I do not recommend trading just the chart...I know why I took this trade....I am testing something new in my live account...yes it is part of the 4hr macd system, but just testing something unique.

Thanks
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  • #29,248
  • Feb 18, 2016 2:06am Feb 18, 2016 2:06am
Trade reversed: To set stoploss to break even once price gets at that support trend line.
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  • #29,249
  • Feb 18, 2016 2:07am Feb 18, 2016 2:07am
Quoting naustingfx
Trade reversed: To set stoploss to break even once price gets at that support trend line. {image}
Scalping trade
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  • #29,250
  • Feb 18, 2016 2:17am Feb 18, 2016 2:17am
Quoting naustingfx
{quote} Scalping trade {image}
Leaving for a meeting...It is a scalping trade, and I have closed with little pips as I cannot watch it live.
I do not recommend this...just doing testing...but the focus is still on 4hr macd market rhythm.

Thanks!
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  • #29,251
  • Feb 20, 2016 2:59am Feb 20, 2016 2:59am
i'm too late, just started this good thread, started to read...

too many rules in forex factory, but this is the simple to understand how to read the market, thanks Nel
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  • #29,252
  • Mar 13, 2016 11:59am Mar 13, 2016 11:59am
Quoting alcastro
I made some pips on the euro last night (I am in the EST zone). Could have done more but set a limit order at 1.3080 and went to sleep. Woke up this morning with this nice surprise. I am not jumping into cable since it is already in the move. An idea: what if every 15 min before the 4hr candle close we post our analysis about how we expect to trade the next candle? the conclusions of his analysis would be pretty obvious: -go long -go short -stay out -stay long -stay short Of course the most important analysis would be Phillip's. On my end I would...
I second this old suggestion. All experienced traders to help please. Phillip are you still watching this thread?
  • #29,253
  • Mar 13, 2016 12:38pm Mar 13, 2016 12:38pm
Quoting Phillip Nel
Here are my analyses of those trades made in May2006. 1. Remember that when the price is trending it tends to come back to the 21EMA before continuing the trend. If you are in the trend you dont want to counter trade the trend. If you are not in the trend you must only consider counter trending when there is resistance evidence such as trendlines together with price level, MA, Fib, candle patterns etc. 2. If you counter tade the trend you must know that it is a risky trade and the gain sometimes is not so big. Profit must be taken somewhere between...
This is piece of advise from Philip if you really want to go for counter trend trades. Must learn by heart.
  • #29,254
  • Mar 16, 2016 12:36pm Mar 16, 2016 12:36pm
Hi guys, pls. how can I get the colored macd? tried the ones posted on this thread to no avail. I'll appreciate it if anyone here can help me with this. Thanx.
  • #29,255
  • Mar 16, 2016 12:54pm Mar 16, 2016 12:54pm
Quoting leougo
Hi guys, pls. how can I get the colored macd? tried the ones posted on this thread to no avail. I'll appreciate it if anyone here can help me with this. Thanx.
I don't trade 4 hour yet as I only have a small account , but my Macd works , let me know if you are interested and I can give you the threads it came from and settings..
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  • #29,256
  • Mar 28, 2016 2:28pm Mar 28, 2016 2:28pm
Leougo, you may download it via this link:
http://www.forexfactory.com/showthre...22#post8570522
  • #29,257
  • Apr 14, 2016 2:58am Apr 14, 2016 2:58am

Market Rhythm


AUD/USD Trade: 14th April, 2016


Greetings!!!

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  • #29,258
  • Apr 14, 2016 3:04am Apr 14, 2016 3:04am

EUR/JPY


My trading platform is freezing...cannot post more details now.

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  • #29,259
  • Apr 14, 2016 3:07am Apr 14, 2016 3:07am

EUR/JPY: 1HOUR

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  • #29,260
  • Apr 14, 2016 3:18am Apr 14, 2016 3:18am
Quoting naustingfx
EUR/JPY: 1HOUR {image}
I have taken profit on the EUR/JPY pair due to that trend line there which is strongly suggesting support for price.
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