4 Hour Strategy (MACD) | Page 1476 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #29,501
  • Aug 3, 2016 2:05am Aug 3, 2016 2:05am
Potential opportunity EurGbp

Price has broken below the 21ema and 89sma, potential target is 0.835 level.

Let's see if it plays out and if there is an opportunity to get involved.

Attached Image (click to enlarge)
Click to Enlarge Name: Eurgbp 1h 3.8.16.jpg Size: 202 KB
  • #29,502
  • Aug 3, 2016 5:16am Aug 3, 2016 5:16am
Quoting orangeRANGE
{image}
Hello OrangeRANGE, so good to see you posting here. I miss the old days of the thread as you were a regular. Hope all is well.
  • #29,503
  • Aug 3, 2016 7:24am Aug 3, 2016 7:24am
Quoting calderone
{quote} Hello OrangeRANGE, so good to see you posting here. I miss the old days of the thread as you were a regular. Hope all is well.
Hi Calderone. All is well here.

Where are Phillip and the rest of old members? (welshguy, Palmer, etc etc)?
  • #29,504
  • Aug 3, 2016 7:33am Aug 3, 2016 7:33am
Quoting orangeRANGE
{quote} Hi Calderone. All is well here. Where are Phillip and the rest of old members? (welshguy, Palmer, etc etc)?
I really wish we would hear from them. I've sent welshguy messages over the past few years but haven't heard a thing. I know we have Phillips videos to watch and welshguy made some great ones about price action.....but man do I miss the old days here. lol

I'm just happy you posted. It's nice to know that the old guard is around.

I should start posting again to help keep the thread alive. I will do so after nfp when the trading season really kicks off.....I hope. haha
  • #29,505
  • Aug 3, 2016 8:00am Aug 3, 2016 8:00am
AUDnzd

Daily:
A possible "bullish abandoned baby" (reliability = strong reversal signal) pattern in the making.

H4:
"Bullish 3 inside up" pattern in rectangle (also a strong reversal signal)

Attached Image (click to enlarge)
Click to Enlarge Name: AUDnzdDaily.png Size: 51 KB
Attached Image (click to enlarge)
Click to Enlarge Name: AUDnzdH4.png Size: 59 KB
  • #29,506
  • Aug 3, 2016 8:09am Aug 3, 2016 8:09am
Quoting calderone
{quote} I really wish we would hear from them. I've sent welshguy messages over the past few years but haven't heard a thing. I know we have Phillips videos to watch and welshguy made some great ones about price action.....but man do I miss the old days here. lol I'm just happy you posted. It's nice to know that the old guard is around. I should start posting again to help keep the thread alive. I will do so after nfp when the trading season really kicks off.....I hope. haha
You might wanna look at other cross pairs (especially during the nfp week). They are less "noise" compared to USD and Yen pairs.

EURgbp, EURcad, GBPaud, AUDnzd, NZDcad...etc etc...

A day without signal is like a thousand years ...hence the idea
  • #29,507
  • Aug 3, 2016 8:19am Aug 3, 2016 8:19am
Quoting orangeRANGE
{quote} You might wanna look at other cross pairs (especially during the nfp week). They are less "noise" compared to USD and Yen pairs. EURgbp, EURcad, GBPaud, AUDnzd, NZDcad...etc etc... A day without signal is like a thousand years ...hence the idea
Yeah, I added a few crosses-some of which I really haven't traded but they give some good action. Keeping my eye on the calendar as we have some red US news coming.
  • #29,508
  • Aug 3, 2016 1:59pm Aug 3, 2016 1:59pm
Quoting orangeRANGE
{image}{image}{image}{image}
EURusd

89sma @ D1 & W1 charts as resistance.

D1: Expecting the price consolidating for a while somewhere inside the circle.
W1: "Bullish engulfing" pattern maybe "fake" due to strong 89sma

Attached Image (click to enlarge)
Click to Enlarge Name: EURusdH4.png Size: 62 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURusdDaily.png Size: 63 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURusdWeekly.png Size: 44 KB
  • #29,509
  • Aug 3, 2016 3:13pm Aug 3, 2016 3:13pm
GbpChf Update

Decided to close the trades before the target as it is the end of the trading day and there is a GBP rate decision tomorrow. All sorts of games can be played by the big players leading up to major news, especially a rate decision. It may well to continue to target before tomorrow but I would rather play it conservatively.

Rhythm - Break 21ema and 89sma, pullback, move to round level (cut short due to major news)

Trade 1 - + 99.3 pips
Trade 2 - + 71.5 pips
Trade 3 - +31.4 pips
Trade 4 - + 4.6 pips (I would never trade for 4 pips normally, only exited for reason of rate decision tomorrow).

Total - + 206.8 pips

Also below are the graphs from before and after to give an idea for anticipating the trade

Hope someone else managed to get some as well
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gbpchf 1h 3.8.16.jpg Size: 198 KB
Click to Enlarge Name: Gbpchf 1h update 3.8.16.jpg Size: 205 KB
  • #29,510
  • Aug 3, 2016 3:21pm Aug 3, 2016 3:21pm
Eurgbp Update

Exited due to same reason as GbpChf, plus is it right at a trend line which could bounce it

Rhythm - Break 21ema, pullback, move to round level (cut short due to major news)

Trade 1 - + 47.5 pips
Trade 2 - +21.4 pips

Total = +68.9 pips

Again it might go to target before the rate decision, but I prefer to play this conservatively

Hope this helped

Attached Image (click to enlarge)
Click to Enlarge Name: Eurgbp update 1h 3.8.16.jpg Size: 228 KB
  • #29,511
  • Aug 3, 2016 10:19pm Aug 3, 2016 10:19pm
Long term outlook for EURcad (ALERT: CAD RED NEWS AHEAD)

Box B: 4 months support @ 1.43517 (which was previous resistance at Box A).

We might be seeing the price consolidating between 1.43 and 365ema (see ellipse) before any obvious trend is established.

Attached Image (click to enlarge)
Click to Enlarge Name: EURcadMonthly.png Size: 54 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURcadMonthly2.png Size: 49 KB
  • #29,512
  • Aug 4, 2016 2:43am Aug 4, 2016 2:43am
EurAud 4h

Rhythm - break 21ema, pullback move to 89sma

It went through the 89sma so I kept with it and exited as buying started to come back in

Trade 1 - + 145.3 pips
Trade 2 - + 107.1 pips

Total - + 252.4 pips

Hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: Euraud 4h 4.8.16.jpg Size: 204 KB
  • #29,513
  • Aug 4, 2016 2:49am Aug 4, 2016 2:49am
GBPCHF

Market Rhythm
Breakthrough 21, pullback and now forming a confirmation bar for a move away?

Please advice on the TP levels
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 33 KB
  • #29,514
  • Aug 4, 2016 3:28am Aug 4, 2016 3:28am
Quoting Cheeseburger
GBPCHF Market Rhythm Breakthrough 21, pullback and now forming a confirmation bar for a move away? Please advice on the TP levels {image}
somewhere TP1 area
  • #29,515
  • Aug 4, 2016 3:31am Aug 4, 2016 3:31am
Quoting orangeRANGE
{quote} somewhere TP1 area
Thanks Orange, I'll be watching it to see how it plays out
  • #29,516
  • Aug 4, 2016 9:30am Aug 4, 2016 9:30am
AUDcad

Woohooo...we got evening doji (see ellipse) here....

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 38 KB
  • #29,517
  • Aug 4, 2016 10:39am Aug 4, 2016 10:39am
Quoting orangeRANGE
AUDcad Woohooo...we got evening doji (see ellipse) here.... {image}
Hey Orange,

AudCad is a funny one isn't it as Aud and Cad are both strong. But Cad has seen a huge push by an increase in the oil prices. I'm thinking AudCad will probably come down to around the last low/ 0.9900

I took the Oil trade instead actually (due to the Aud strength), I have posted it below

Market rhythm - Break 21ema/89sma in 1 h, pullback move to 200 / round number (my target is slightly more aggressive at the 42.00 level rather than the 200sma)

Market rhythm in 4h is break 21ema, pullback, move to round number

We'll see how it plays out anyway, oil moves fast but there may be a chance to jump in somewhere for anyone interested

Shows as well to anyone new to the thread that the market rhythm can be found on ANY chart as well as ANY currency pair.

Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: Oil 1 h 4.8.16.jpg Size: 215 KB
  • #29,518
  • Aug 4, 2016 10:56am Aug 4, 2016 10:56am
Quoting JonnyPip
{quote} Hey Orange, AudCad is a funny one isn't it as Aud and Cad are both strong. But Cad has seen a huge push by an increase in the oil prices. I'm thinking AudCad will probably come down to around the last low/ 0.9900 I took the Oil trade instead actually (due to the Aud strength), I have posted it below Market rhythm - Break 21ema/89sma in 1 h, pullback move to 200 / round number (my target is slightly more aggressive at the 42.00 level rather than the 200sma) Market rhythm in 4h is break 21ema, pullback, move to round number We'll see how it...
Hello Jpip. Yes funny. But the strongest currency right now it is the jpy.I am not really into fundamental though. Just technical will do.
  • #29,519
  • Aug 4, 2016 11:05am Aug 4, 2016 11:05am
Oil trade explained

Just a post for those fairly new to the thread with a tip to spotting possible reversals and using the candles to confirm the rhythm.

Hope this helps

Attached Image (click to enlarge)
Click to Enlarge Name: Oil trade explained 4.8.16.jpg Size: 203 KB
  • #29,520
  • Aug 4, 2016 11:13am Aug 4, 2016 11:13am
Quoting orangeRANGE
{quote} Hello Jpip. Yes funny. But the strongest currency right now it is the jpy.I am not really into fundamental though. Just technical will do.
Hey Orange,

I agree the JPY is really running which I am sure the BOJ are keeping an eye on.

Great charts by the way, I am glad to see people keeping the thread going. It is such a great thread and people can actually learn to be a successful trader from everything in the thread if only they learnt to stop bouncing from one "system" to another. But we've all done it so I know what it's like - Trying to find the "Holy Grail".

I wonder if Phil will ever come back on one day. To be fair, he probably can't face the thought of all the direct messages! Can't say I blame him, he was probably inundated ​

JP
7 traders viewing now