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4 Hour Strategy (MACD)

  • #29,321
  • Apr 27, 2016 8:39am Apr 27, 2016 8:39am
Quoting Mobber444
{quote} It did! I made a bit more because of target difference. Thanks!
Hey Mobber

Glad you caught it, sadly I was asleep so couldn't manage it, but trades come all the time so it's no big deal. You did well as that one really had the ability to test traders patience. Many people would pull out as they want quick profits, but you have to give the markets time (not the same as holding on to a losing trade hoping it will turn around).

Good Job
  • #29,322
  • Apr 29, 2016 2:32pm Apr 29, 2016 2:32pm
Quoting JonnyPip
GbpAud Closed out at loss Total - -161 Total this week = 972 - 161 = +811 811 + 89 = +900 {image}
I have been off for about a week now... So I came on yesterday and took some time to go through the posts in the forum. I am very impressed you made yourself available as a proof that our system (Phillips system) works...when there are many witnesses to a certain truth it becomes almost impossible to deceive or lead people astray...One of my reason to posting is to help the NEW ONES to appreciate this system and stick to it, because over long term they will begin to reap the benefits...there are a lot of information in the internet about trading and it may be very difficult to filter them and actually choose what is best towards successful trading...SO I am happy for your post. Keep it up! I am also very happy for your result. TO GOD BE ALL THE GLORY!!!

Blessings to all!
  • #29,323
  • May 3, 2016 1:11pm May 3, 2016 1:11pm
Quoting naustingfx
{quote} I have been off for about a week now... So I came on yesterday and took some time to go through the posts in the forum. I am very impressed you made yourself available as a proof that our system (Phillips system) works...when there are many witnesses to a certain truth it becomes almost impossible to deceive or lead people astray...One of my reason to posting is to help the NEW ONES to appreciate this system and stick to it, because over long term they will begin to reap the benefits...there are a lot of information in the internet about...
Hi Nausting,

Glad to see you back Thank you for your kind comments.

Yes I agree. I know one of the biggest problems for new traders is confidence, "does this actually work or not?". If new traders don't know if the system or method works or not, every time they have a bad trade they do not know whether the problem was with them or the methodology. If they don't know what the problem was, they have no way of fixing it. This happens all the time and is why traders bounce from one method to another.

At least now new traders can see for sure that the methodology is sound BEFORE time, not just retrospectively.

I have added another 2 charts below of a trade I am waiting for this week.

I wanted to post is as I think it can help with a few things for people to know regarding counter trend trades.

Hopefully we can at least help out some new traders who want to learn and find financial freedom
  • #29,324
  • May 3, 2016 1:22pm May 3, 2016 1:22pm
EurUsd counter trend trade

Rhythm -

4h pullback to 21ema
1h Break of 21ema, pullback, move to 89/200/365/price level.

Many traders don't realise this. A counter trend 4h trade IS an break 21ema, pullback, move to 89/200etc.

Just as a 4h break of 21ema, pullback, move to 89/200etc is a pullback to the 21ema on a daily time frame. So you see how the time frames work together?

Another important point to make about counter trend trades is this - they are higher risk as they are counter trend. Just because you have identified multiple targets such as round number level, 365 etc, it DOESN'T mean they will all get hit.

Once the trade is put on, new traders will often get caught up in targets they have set and then "hope" sets in. This means they leave the trade in the hope all targets get hit, completely forgetting they are trading counter trend. Therefore not only does the price eventually turn round and take them out, but they have completely missed a really good move in the direction of the trend.

As soon as a counter trend trade is open you MUST watch it and manage it with the thought process of "I'm just waiting to get a signal to go with the trend". When that happens you don't want to miss it because you are desperately waiting for your last target to get hit. Better to take the profit where it is and open the trade in the direction of the trend.

Hope this makes sense to people
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurUsd 4h CT Trade 3.5.16.jpg Size: 206 KB
Click to Enlarge Name: 3.5.16 EurUsd Ct Trade 1h.jpg Size: 216 KB
  • #29,325
  • May 4, 2016 1:20am May 4, 2016 1:20am
Quoting JonnyPip
EurUsd counter trend trade Rhythm - 4h pullback to 21ema 1h Break of 21ema, pullback, move to 89/200/365/price level. Many traders don't realise this. A counter trend 4h trade IS an break 21ema, pullback, move to 89/200etc. Just as a 4h break of 21ema, pullback, move to 89/200etc is a pullback to the 21ema on a daily time frame. So you see how the time frames work together? Another important point to make about counter trend trades is this - they are higher risk as they are counter trend. Just because you have identified multiple targets such as...
Great insight Jonny...
This is the basics to my good trades.
The time frames agree many times irrespective of whatsoever moving average or trend line they are interacting with at any given point...another insight is just how the move-away from the 21ema in the 4hr aligns with 3 little sister price set on the 1hr, and taking off from the 1hr 89sma...these are really great agreements....it can as well be worked or broken down to 5, and 15 minutes time frames...I am as well having some nice pips on smaller times...I just formatted my computer yesterday and setting things up for intensive trading...will try to be with you often.

God bless you and God bless all in Jesus name.
  • #29,326
  • May 5, 2016 9:49am May 5, 2016 9:49am
Quoting naustingfx
{quote} Great insight Jonny... This is the basics to my good trades. The time frames agree many times irrespective of whatsoever moving average or trend line they are interacting with at any given point...another insight is just how the move-away from the 21ema in the 4hr aligns with 3 little sister price set on the 1hr, and taking off from the 1hr 89sma...these are really great agreements....it can as well be worked or broken down to 5, and 15 minutes time frames...I am as well having some nice pips on smaller times...I just formatted my computer...
Thanks Nausting

Some really good set ups this week, plenty of chances to make good $$$$

The EurUsd trade I posted early in the week looks set to complete, was around a +100 pip trade.

Hope that helped someone make some $$$$
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd 1h 5.5.16.jpg Size: 224 KB
  • #29,327
  • May 6, 2016 3:41am May 6, 2016 3:41am
Here is a nice trade from last night that could have been taken.

You can see the really nice market rhythm in this trade.

Price pulls back to the 21ema, smashes through the 1.9500 number so we keep with it, now it is approaching the 1.9750 level.

Due to non farms later today and the divergence, plus it being the end of the week, I have set my limits to just below the 1.9750 level.

Hopefully this gives some people and idea of some of the cleanest set ups that occur and how you can manage it as it progresses and set some potential targets (not just click out for small profits all the time, this will ruin a trader in the long run).

This trade from last night will be total +650 pips when it closes, so you can see for new traders that just by picking clean set ups WITH the trend can get you profitable fairly quickly. If you only took 1 or 3 of these a month as a new trader, you would make really nice $$$$.

Hopefully this helps
Attached Image (click to enlarge)
Click to Enlarge Name: GbpAud 4h 6.5.16.jpg Size: 228 KB
  • #29,328
  • May 6, 2016 4:30am May 6, 2016 4:30am
Quoting JonnyPip
Here is a nice trade from last night that could have been taken. You can see the really nice market rhythm in this trade. Price pulls back to the 21ema, smashes through the 1.9500 number so we keep with it, now it is approaching the 1.9750 level. Due to non farms later today and the divergence, plus it being the end of the week, I have set my limits to just below the 1.9750 level. Hopefully this gives some people and idea of some of the cleanest set ups that occur and how you can manage it as it progresses and set some potential targets (not just...

Really nice trade, well done!
  • #29,329
  • May 8, 2016 11:32am May 8, 2016 11:32am
Hi

Someone is going to be here this night at opening?
I am new and would be great follow something with some "Senior guy"
  • #29,330
  • May 9, 2016 7:20am May 9, 2016 7:20am
Quoting Gabryus
Hi Someone is going to be here this night at opening? I am new and would be great follow something with some "Senior guy"
Hi Gabryus,

Welcome my friend

There is a lot of information provided in this thread, I would strongly recommend any new traders studies it very carefully. All the information needed to be successful is right here. Very kindly put together by Phil Nel over a long period of time.

Here is a good opportunity I see for this week, one of the better ones in my opinion

Rhythm - break 21/89, pullback, move to 1.41 level/1.42 level.

Attached Image (click to enlarge)
Click to Enlarge Name: GbpChf 4h Set Up 9.5.16.jpg Size: 226 KB
  • #29,331
  • May 9, 2016 7:39am May 9, 2016 7:39am
Another potential set up for this week.

Rhythm, pullback to 21ema, continue to 77.50 level.

There is divergence to notice in this pair as well which means it may continue to correct for a while longer before moving off. It is almost like resetting itself before the next move. Sometimes this can even mean a pullback to the 89 sma but not necessarily.
Attached Image (click to enlarge)
Click to Enlarge Name: AudJpy 4h Set Up 9.5.16.jpg Size: 197 KB
  • #29,332
  • May 9, 2016 7:54am May 9, 2016 7:54am
One to watch GBPAUD

If the two set ups posted above play out, we should also see some higher moves in the GbpAud this week. Here are some levels to watch out for if we get the anticipated moves in the other pairs.

Pullback to the 21ema, move away (to round number) is the market rhythm set up we are looking for.

Attached Image (click to enlarge)
Click to Enlarge Name: GbpAud 4h Analysis 9.5.16.jpg Size: 226 KB
  • #29,333
  • May 9, 2016 7:58am May 9, 2016 7:58am
Quoting JonnyPip
Another potential set up for this week. Rhythm, pullback to 21ema, continue to 77.50 level. There is divergence to notice in this pair as well which means it may continue to correct for a while longer before moving off. It is almost like resetting itself before the next move. Sometimes this can even mean a pullback to the 89 sma but not necessarily. {image}

Thanks!

Took a short trade on the AUDCAD @95.3000 this morning, pullback to 21EMA, target 0.9300. Not much happening so far, up 30pips.
  • #29,334
  • May 9, 2016 8:14am May 9, 2016 8:14am
Hey Mobber

Just checked it out looks ok however you might find it is a slow burner because the Aud is weak across the board and so is the Cad. Its when you get an imbalance in the strength of the currencies you see nice moves, when they are equally weak or strong they tend to bounce around a lot. Plus you have the 0.9400 level in between to watch out for.

All it means is it usually requires a bit of patience

Here is one on the UsdCad I am in, there is a good chance it could pullback to give another chance of entry before any higher moves. If it does I will look to add another position.

It is showing divergence as well so it means we must be cautious and be prepared to accept the possibility the move is not going to happen. (keep an eye on it for signs of reversal in other words).
Attached Image (click to enlarge)
Click to Enlarge Name: UsdCad 4h Set Up 9.5.16.jpg Size: 210 KB
  • #29,335
  • May 9, 2016 8:30am May 9, 2016 8:30am
Quoting JonnyPip
Hey Mobber Just checked it out looks ok however you might find it is a slow burner because the Aud is weak across the board and so is the Cad. Its when you get an imbalance in the strength of the currencies you see nice moves, when they are equally weak or strong they tend to bounce around a lot. Plus you have the 0.9400 level in between to watch out for. All it means is it usually requires a bit of patience Here is one on the UsdCad I am in, there is a good chance it could pullback to give another chance of entry before any higher moves....
Thanks a lot for the insight! Yes the plan is to move SL to breakeven at 94.0000 to make it a free trade, I don't usually do this though. I saw the USDCAD trade but missed it unfortunately and didn't want to chase the trade after it actually happened.
  • #29,336
  • May 9, 2016 8:49am May 9, 2016 8:49am
Quoting Mobber444
{quote} Thanks a lot for the insight! Yes the plan is to move SL to breakeven at 94.0000 to make it a free trade, I don't usually do this though. I saw the USDCAD trade but missed it unfortunately and didn't want to chase the trade after it actually happened.
That's a great psychology to have. Once a trader can learn to embrace the fact they will miss trades they will never chase them and never again be bothered about missing one. They come along too often to get hung up on missing one .

I will never chase a trade if the r:r goes past 1:1. It has been missed at that point. If the r:r is at least 1:1 however I will still take it and just add another position if I get a nice opportunity to do so (if price moves against me).

It can be difficult for new traders not to panic though when the trade moves against them, it is something you build with time and experience. Plus it can be very dangerous adding to losing trades if not done correctly.

I can tell you though if you are a new trader and you have that mindset already, you are already one step ahead of the game!
  • #29,337
  • May 9, 2016 10:25am May 9, 2016 10:25am
Potential counter trend on UsdChf

Remember counter trend trades are always more risky

I am looking to add a second position.
Attached Image (click to enlarge)
Click to Enlarge Name: UsdChf 1h Set up 9.5.16.jpg Size: 224 KB
  • #29,338
  • May 9, 2016 10:42am May 9, 2016 10:42am
Quoting JonnyPip
{quote} Hi Gabryus, Welcome my friend There is a lot of information provided in this thread, I would strongly recommend any new traders studies it very carefully. All the information needed to be successful is right here. Very kindly put together by Phil Nel over a long period of time. Here is a good opportunity I see for this week, one of the better ones in my opinion Rhythm - break 21/89, pullback, move to 1.41 level/1.42 level. {image}
Hi Jonny!
Thanks for the advice, sure I did it. Still same lessons missing but almost all covered... now need to read some more theory and I would be ready
  • #29,339
  • May 9, 2016 10:44am May 9, 2016 10:44am
Hi,

you using H1? supporting H4? what MACD logic behind?
  • #29,340
  • May 9, 2016 10:58am May 9, 2016 10:58am
Hi Gabryus,

Good job, they studying of the methodology will pay off

Sticking to the 4h and 1h time frame is going to get the best results, I sometimes go down to a 15m, rarely a 5m just to get a deeper analysis, but ultimately the 4h and 1h are of higher importance. I also check the daily and weekly to get an overal picture, perhaps the monthly if necessary.

The MACD is not as important as the market rhythm, it mainly helps to show divergence which tells you the move could be slowing down. It doesn't mean it is going to reverse, often it will just correct slightly.

It is very tempting as a new trader to focus on the MACD because you feel like it is giving you the signals and therefore hard and fast rules. The key is looking at the market rhythm and what type of candles appear. That's what gives the entries, MACD just gives a guide to potential slowing of the move.

Once you get a good signal from the candles and market rhythm, the MACD will follow with a signal such as TC etc.

What you definitely don't want to do is try and trade every divergence counter trend otherwise you are going to get hit pretty hard by the market. A lot of traders could actually become profitable if they just dropped counter trend trades as they make successful trades with the trend and give it all back and more trying to make counter trend moves. I would definitely advise trading with the trend for new traders, Phil Nel says this in the lessons and I agree with him 100%.

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