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4 Hour Strategy (MACD)

  • #29,521
  • Aug 4, 2016 11:21am Aug 4, 2016 11:21am
Oil Update

Wow this thing really flies when you get a chance to trade it. No chance to get additional entries on it.

Trade 1 - + 133 pips

Trade 2 - + + 90 pips

Total - + 223 pips

Attached Image (click to enlarge)
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  • #29,522
  • Aug 4, 2016 12:48pm Aug 4, 2016 12:48pm
Weekly Summary:

That's probably me done for the week with NFP tomorrow, hopefully this has helped some of the new traders just starting on the thread and again has shown the power of the market rhythm. I know some people were messaging and asking for me to post the trades up so I really hope it helped as I know how it feels to be just starting out.

Total for the week =

+ 1,007 pips

I did get taken out for a loss of - 86 pips on the GBPNZD trade which means overall total including this loss =

+ 921 pips

15 trades - 14 wins / 1 loss - 93% win rate (including multiple entries)

Not quite as much as the other week of trades which was over + 1,200 pips including losses, but as I say, I hope this proves again to new traders that to be successful all they have to do is study and practice the information Phil has taken the time to put into this thread. There is no other place I am aware of which is free and has such a comprehensive list of trading information.

Anything I have seen with more advanced methods or treading techniques can't be accessed for free. I really urge people to take advantage of the info Phil has provided here freely.

Hope everyone has a good weekend
  • #29,523
  • Aug 4, 2016 1:21pm Aug 4, 2016 1:21pm
Quoting JonnyPip
Weekly Summary: That's probably me done for the week with NFP tomorrow, hopefully this has helped some of the new traders just starting on the thread and again has shown the power of the market rhythm. I know some people were messaging and asking for me to post the trades up so I really hope it helped as I know how it feels to be just starting out. Total for the week = + 1,007 pips I did get taken out for a loss of - 86 pips on the GBPNZD trade which means overall total including this loss = + 921 pips 15 trades - 14 wins / 1 loss - 93% win rate...
Interesting...
I am having some issues here with internet and electricity...hope to be here more often soon.
God bless everyone.
  • #29,524
  • Aug 4, 2016 2:04pm Aug 4, 2016 2:04pm
Quoting JonnyPip
Weekly Summary: That's probably me done for the week with NFP tomorrow, hopefully this has helped some of the new traders just starting on the thread and again has shown the power of the market rhythm. I know some people were messaging and asking for me to post the trades up so I really hope it helped as I know how it feels to be just starting out. Total for the week = + 1,007 pips I did get taken out for a loss of - 86 pips on the GBPNZD trade which means overall total including this loss = + 921 pips 15 trades - 14 wins / 1 loss - 93% win rate...
Truly inspiring work. Thanks for taking the time to show new comers (myself included) the possibilities of this awesome strategy, I came across the system in April and have been practicing everyday since. Even though i hadn't full understood the system, i took a leap and posted what i thought where high probability trade, but thats just my style, i'm driven by failure and enjoy getting back up from it.

Both Naustingfx and JonnyPip have bothered themselves and helped me out greatly and for that i'd like to say Thank you, Thank you and Thank you

With constant practice, hopefully one day i'll be able to post great trades with great results like you both and also have the chance to help others too.

Lastly, Phillip Nel, baie dankie oom, jy is my held
  • #29,525
  • Aug 4, 2016 2:18pm Aug 4, 2016 2:18pm
Quoting naustingfx
{quote} Interesting... I am having some issues here with internet and electricity...hope to be here more often soon. God bless everyone.
Hey Nausting,

Sorry to hear you are having problems my friend, I look forward to seeing you back on here with some great posts when things are up and running again.

Hopefully soon!

JP
  • #29,526
  • Aug 4, 2016 2:23pm Aug 4, 2016 2:23pm
Quoting Cheeseburger
{quote} Truly inspiring work. Thanks for taking the time to show new comers (myself included) the possibilities of this awesome strategy, I came across the system in April and have been practicing everyday since. Even though i hadn't full understood the system, i took a leap and posted what i thought where high probability trade, but thats just my style, i'm driven by failure and enjoy getting back up from it. Both Naustingfx and JonnyPip have bothered themselves and helped me out greatly and for that i'd like to say Thank you, Thank you and...
No problem Cheeseburger

I am sure I speak for Nausting as well when I say we are happy to help where we can as we know what it is like to be a new trader.

---- "but thats just my style, i'm driven by failure and enjoy getting back up from it." ----

That is what winners are made of

Keep up the good work

JP
  • #29,527
  • Aug 4, 2016 3:37pm Aug 4, 2016 3:37pm
this is the best thread on FF by a long way as someone going through a rough patch with trading I appreciate the more experience guy's input and also less experienced people's input is still a big help hopefully soon when am back on the right road I will be able to give back just copying cheeseburger with the thanks particularly with people on here selling snake oil ​

a good friend ask how to make money with this I say go on this thread I never copy your deals as I want to learn myself you guy's don't give a fish but a rod and a net you know who you are thanks guy's
  • #29,528
  • Aug 4, 2016 5:18pm Aug 4, 2016 5:18pm
Hi everyone!

I am not being able to find the coloured MACD shown by Philip Nel. Would anyone be so kind to post it?

Thanks
  • #29,529
  • Aug 4, 2016 9:24pm Aug 4, 2016 9:24pm
Quoting guiyee
Hi everyone! I am not being able to find the coloured MACD shown by Philip Nel. Would anyone be so kind to post it? Thanks
Here you go.
Attached File(s)
File Type: ex4 MACDColoredv102decimal (1).ex4   7 KB | 366 downloads
  • #29,530
  • Aug 5, 2016 12:55am Aug 5, 2016 12:55am
EU on the major outlook

Alright. I believe most of us still following this pair waiting something to happen:

Monthly
The price has been consolidating in "grey box" area for more than 1.5years now. A "similar" scenario (see circle) between year 2000 - 2001 (millennial era began), except for this time it is a longer consolidation period;

Weekly
PA in previous 2 weeks = bullish engulfing. Yet this is no guarantee whether EU will breakout of that "grey box" in another next few weeks. But 89SMA is kind of suggesting us a long term bullish is about to established.

Conclusion
Q3 is closing next month and US presidential election in November. Maybe 2017 will show us the steady and trending EU. For now, this pair is a pain in the ass to trade with 4hr system.

Attached Image (click to enlarge)
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  • #29,531
  • Edited 4:10am Aug 5, 2016 3:45am | Edited 4:10am
Was planning to have today off because of NFP, but there may be a few which are too tempting to pass! (Mainly on the GBP pairs due to yesterdays cut).

We will have to see.

Below is one of them for anyone who trades oil.

Rhythm - Break 200sma, pullback to 21ema and 200 sma, move to 365/round level (42.500)

I may still leave any trading today, we will just have to see how they play out

Hope this helps
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  • #29,532
  • Aug 5, 2016 3:50am Aug 5, 2016 3:50am
GbpChf

Here is another potential opportunity

Break 21ema, pullback, move to round number

Lets see how they set up/play out
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  • #29,533
  • Aug 5, 2016 5:29am Aug 5, 2016 5:29am
GbpJpy

This is another one I am potentially looking at, but I am cautious as the JPY can easily get quite volatile with major USD news such as NFP in a couple of hours.

Nothing has set up to take a trade as of yet, I am certainly in no rush to trade today with the NFP.

Still, lets see what happens

Attached Image (click to enlarge)
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  • #29,534
  • Aug 5, 2016 6:07am Aug 5, 2016 6:07am
That's NFP day for you

Nobody wants to do anything until after the announcement, so we will just have to wait on the GBP pairs until after and see if we get an opportunity.

Can't see anything happening or it even being wise to get involved now before NFP.

Just have to play the waiting game now
  • #29,535
  • Aug 5, 2016 10:25am Aug 5, 2016 10:25am
AU Weekly Outlook:

H4
That 0.76 s/r level is still holding tight atm

Weekly
Oh well...what a week. Might be closing around 500 pips above 89sma / 8ema. I am still expecting a major breakout here as MACD giving a HH signal here. We'll see how it goes next Monday.

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  • #29,536
  • Aug 6, 2016 5:21pm Aug 6, 2016 5:21pm
Hello,

New to this system, been studying, backtesting, and paper trading (also have a Macro lot, trading pennies on ONADA). I am going to start using the "pretend" and Macro account to trade this system starting this week. Hopefully, I can post some charts, and ask some questions.

Glad to see so much useful information, and happy that Phillip presented this.

A quick question, how do you guys handle "Sunday." Some really nice charts from close of day Friday. However, I know some of those signals get messed up with low volume at end of Friday. Do you pick back up, or give it time to "reset?"

Hope that makes sense.

I see this chart, crossed then retraced to 21 EMA, Resistance lines above, whole numbers right there also. Looks like a solid short.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH4.png Size: 54 KB
  • #29,537
  • Aug 7, 2016 8:01am Aug 7, 2016 8:01am
Good trades jonnypip !!!!!
Moroccan trader
  • #29,538
  • Aug 7, 2016 8:03am Aug 7, 2016 8:03am
I Will wait for yourte trades net week
Have a good day
Moroccan trader
  • #29,539
  • Aug 7, 2016 8:50am Aug 7, 2016 8:50am
Quoting jcat
Hello, New to this system, been studying, backtesting, and paper trading (also have a Macro lot, trading pennies on ONADA). I am going to start using the "pretend" and Macro account to trade this system starting this week. Hopefully, I can post some charts, and ask some questions. Glad to see so much useful information, and happy that Phillip presented this. A quick question, how do you guys handle "Sunday." Some really nice charts from close of day Friday. However, I know some of those signals get messed up with low volume at end of Friday. Do...
Have fun on Sunday (pray, bbq, picnic, movie, etc etc).
  • #29,540
  • Aug 7, 2016 8:54am Aug 7, 2016 8:54am
Quoting orangeRANGE
{quote} Have fun on Sunday (pray, bbq, picnic, movie, etc etc).
Thanks that is what I typically do ,

I saw several nice setups, many breakthroughs the 21 and 89, some have pulled back.
I'll just keep checking for confirmation from the MACD.
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