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4 Hour Strategy (MACD)

  • #29,721
  • Aug 22, 2016 4:16am Aug 22, 2016 4:16am
EurGbp Potential Opportunity

Price has broken the 200sma in the 1h, it could give a nice move down to around the 365 ema/ .85500 level.

There is a similar set up which looks to be forming in the GbpChf 1h as well which leads me to think the GBPUSD move might not be on the cards just yet as both these pairs are suggesting potential short term GBP strength. It may still go though is the USD shows real strength, hard to say.

Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp 1h 22.8.16.jpg Size: 196 KB
  • #29,722
  • Aug 22, 2016 4:18am Aug 22, 2016 4:18am
GbpChf Potential Opportunity

Attached Image (click to enlarge)
Click to Enlarge Name: GbpChf 1h 22.8.16.jpg Size: 199 KB
  • #29,723
  • Aug 22, 2016 4:45am Aug 22, 2016 4:45am
Quoting timster
{quote} Hi JP! Sorry I think you may have misread my request (or perhaps I didn't explain myself correctly). Thanks for responding with so much detail. I've actually been trading for many years (however not as successfully as I would like). Ive discovered this thread during the last few days and it looks interesting. Was hoping that you may have some suggestions on where to start with this particular trading strategy. I agree with all the points you raised in your response. i agree with the patience recommendation very true! I will do as you suggested...
Hey Timster,

Ok that's great news as even if you have been trading for a few years but not profitably, your eye is still being trained to see the way the market moves. So when you learn something you will usually be able to see it much faster than someone who hasn't spent any time in front of the charts. So years of trading unsuccessfully are not actually wasted years I can assure you.

Regards a specific post, I really can't pick any one particular post out in regards to importance as they are all important and also connected. For example, you could read about profit targets but if you haven't read the bit about entries it doesn't help. If you read the part about entries AND profit targets, but not the part which explains the market rhythm and where to take the entries, then again you can still be making entries at the wrong time and therefore the profit target is also irrelevant as well.

So it is because of this interconnection between the principles that I find hard to point to any one piece within the thread. Personally I would just start from the top of the list and work down through the listed posts and lessons which explain pretty much everything you need to know.

Sorry I can't be more specific, hopefully this makes sense.

Hope this helps
  • #29,724
  • Aug 22, 2016 5:25am Aug 22, 2016 5:25am
Quoting JonnyPip
{quote} Hey Timster, Ok that's great news as even if you have been trading for a few years but not profitably, your eye is still being trained to see the way the market moves. So when you learn something you will usually be able to see it much faster than someone who hasn't spent any time in front of the charts. So years of trading unsuccessfully are not actually wasted years I can assure you. Regards a specific post, I really can't pick any one particular post out in regards to importance as they are all important and also connected. For example,...
Very helpful thanks ill do that and see how i go
  • #29,725
  • Aug 22, 2016 5:42am Aug 22, 2016 5:42am
Quoting timster
{quote} Very helpful thanks ill do that and see how i go
  • #29,726
  • Aug 22, 2016 8:01am Aug 22, 2016 8:01am
Quoting JonnyPip
{quote} 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
...thanks bro for your concern and God bless.

I am on it today...see chart...I am on a FX TRADING PROJECT testing one of the strategies Phillip had shown here. I started doing something very unique recently...trading is a business...we are all on the path already...

Wishing everyone well.

God bless
Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy today.PNG Size: 45 KB
  • #29,727
  • Aug 22, 2016 8:36am Aug 22, 2016 8:36am
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...
...Thanks bro for your kind words...nature and God made it such that no man is an island...once a man begins to do well in anything good, either directly or indirectly, he impacts success into another man....and the chain proceeds and success is multiplied making the world a better place...and as evil can never conquer good, we continue to thrive by God's grace to be helper on one another's destiny or good dreams and visions in life...God be praised in Jesus name!

...SUMMARY: WE ARE SAVED TO SAVE OTHERS!

I AM SO HAPPY THAT SOMEONE FIND MY EFFORTS USEFUL.

God bless everyone.
  • #29,728
  • Aug 22, 2016 9:15am Aug 22, 2016 9:15am
Quoting naustingfx
{quote} ...thanks bro for your concern and God bless. I am on it today...see chart...I am on a FX TRADING PROJECT testing one of the strategies Phillip had shown here. I started doing something very unique recently...trading is a business...we are all on the path already... Wishing everyone well. God bless {image}
Hey Nausting good to see you back

Just a heads up that BOJ Governer Kuroda is speaking early hours of this morning and I don't think he is too impressed with the strength of the JPY!

So could see the JPY weaken across the board when he speaks, could push the EurJpy to the upside.

Still have a while yet though but personally I wouldn't hold through it. In fact I will be looking for some potential moves after he speaks.

Pretty boring Monday as of yet
  • #29,729
  • Aug 22, 2016 9:23am Aug 22, 2016 9:23am
EUR/JPY UPDATE:

Watching out for support and resistance levels or trend lines as indicated in the chart below...Yes I am in a short trade, but in the other hand there could be a break out to the north...heading to the 200
Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy update.PNG Size: 58 KB
  • #29,730
  • Aug 22, 2016 11:21am Aug 22, 2016 11:21am
EURcad

Watched this pair earlier today as the price got triple supports (MAs and monthly Fib). Nice bounce up...!!!

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 42 KB
  • #29,731
  • Aug 23, 2016 1:48am Aug 23, 2016 1:48am
Potential Opportunity CADJPY

Pullback to 21ema, move to round number.

Attached Image (click to enlarge)
Click to Enlarge Name: CadJpy 1h 23.8.16.jpg Size: 183 KB
  • #29,732
  • Aug 23, 2016 2:17am Aug 23, 2016 2:17am
Potential Opportunity AudCad (finally)

Price has broken above the 21ema which is exactly what we have been waiting for.

4h MACD rhythm suggests a move higher to the 89sma from here.

Lets see how it sets up

P.s

See second chart for why it is NOT a good idea to trade divergence! This is why you trade the market rhythm and not the MACD. The market rhythm is King here.

I will only take very specific counter trend moves and it will be based on the movements with the 4h candle itself. Trading counter trend will generally destroy your account if you are a new/inexperienced trader. Cutting out counter trend trades can, in many cases, make the difference between being unprofitable and profitable for traders.

Hope this helps

Attached Image(s) (click to enlarge)
Click to Enlarge Name: AudCad 4h 23.8.16.jpg Size: 208 KB
Click to Enlarge Name: AudCad 4h Div 23.8.16.jpg Size: 205 KB
  • #29,733
  • Aug 23, 2016 5:05am Aug 23, 2016 5:05am
EurUsd Potential Opportunity

I am keeping an eye on this pair for a possible move down to the 1.1250 round level/200sma area.

If price breaks below the 21ema/89sma and pulls back, it could set up nicely for a move down towards the round level/200sma.

Lets see how it plays out
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd 1h 23.8.16.jpg Size: 202 KB
  • #29,734
  • Aug 23, 2016 10:44am Aug 23, 2016 10:44am
EurAud Potential Opportunity

Price has pulled back to the 21ema and 365 ema (after breaking through), might get a chance to trade it back to the top/round number

Lets see how it plays out
Attached Image (click to enlarge)
Click to Enlarge Name: EurAud 4h 23.8.16.jpg Size: 208 KB
  • #29,735
  • Aug 23, 2016 10:50am Aug 23, 2016 10:50am
EurGbp Update

Trade 1 = + 56 pips
Trade 2 = + 34 pips

Total = + 90 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp Update 23.8.16.jpg Size: 207 KB
  • #29,736
  • Aug 23, 2016 3:49pm Aug 23, 2016 3:49pm
Jonny,

Thanks for your detailed posts. I have watched this thread for years, and your grasp of it is excellent.
Life is too short to have anything but delusional notions about yourself.
  • #29,737
  • Aug 24, 2016 12:46pm Aug 24, 2016 12:46pm
Quoting hoss
Jonny, Thanks for your detailed posts. I have watched this thread for years, and your grasp of it is excellent.
Thanks Hoss

It's really about showing new traders how great this thread it and the information Phil has laid out for them. Personally I can trade with a blank chart so it is not about showing what I can do, it is about showing how this methodology really works if traders take the time to learn it. Most traders don't want to LEARN to trade though, they just want TRADE straight away and make money (before they have even looked at a chart the greed emotion has kicked in). Like getting into a car for the first time ever and being annoyed because you can't race like Michael Schumacher. You have to practice!

So I am hoping to break the cycle of some new people who just bounce from system to system trying to find one that "works". Trying to show that until one accepts it is themselves that is lacking and not the system, then they can't even begin to start working on their own skills and ability (which can be increased with practice).

I don't mean that in a negative way either, everyone does it when they start out with trading including me.

The good news is I have been getting some good feedback from newer traders in my messages saying it has really helped them - which is great
  • #29,738
  • Aug 24, 2016 12:49pm Aug 24, 2016 12:49pm
EurUsd Update

Made the move as outlined in my previous post, unfortunately I have had some issues with my computer this week so missed some trades, this was one of them.

Hoping others got something out of it though
Attached Image (click to enlarge)
Click to Enlarge Name: Eurusd 1h Update 24.8.16.jpg Size: 201 KB
  • #29,739
  • Aug 24, 2016 12:52pm Aug 24, 2016 12:52pm
UsdChf Update

Rhythm - Break 21ema and 89sma, pullback, move to 365ema

Trade 1 = + 68 pips

Trade 2 = + 45 pips

Total = + 133 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UsdChf Update 1h 24.8.16.jpg Size: 209 KB
  • #29,740
  • Aug 24, 2016 3:18pm Aug 24, 2016 3:18pm
EURusd

A 5-day setting (from DAY a to DAY e) for a high probability trade. It is selling for this case. 400pips or so from this move.

I will not go into the details. The chart attached here "explains" everything.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 45 KB
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