The truth is Phillip is the marathon champion and we are/were all waaay behind him - but if you work at it you will eventually be your own champion in your own race because no two traders are the same. It would not matter if this thread just started ...

4 Hour Strategy (MACD)

My broker is interactive brokers and I have coded an interface client that I use to implement/automate my exit strategies when I am unable/don't want to watch the market live. It of course only works with interactive brokers.

4 Hour Strategy (MACD)

1. I do most of my entries after London open on the 1H charts. I closely watch the market starting at 2am EST - not glue to the screen but checking often and have price alerts set - and glance at it throughout the day to keep in tune with price. I ...

4 Hour Strategy (MACD)

Considering daily range is already 120 pips and the average daily is around 150 - it could go to 1.382 fib extension if the previous swing low is broken strongly. If price breaks this corrective low - will give price more room to move down to the ...

4 Hour Strategy (MACD)

I waited for a retrace and zoomed into the smaller timeframe for a bounce before entry. I perfer doing it this way - just to make sure price is turning to the downside from the smaller timeframes. Edit1: 50% PT hit - SL at BE will trail 25pips to ...

4 Hour Strategy (MACD)

9 pairs - wow!! If I were starting I would trade and master 1 pair - EUR or GBP. One pair is all you need to make money. If you just concentrate on one pair you will develope a 6th sense on what price is doing because your mind is clearly focused ...

4 Hour Strategy (MACD)

Only thing that scares me is that big tail.

4 Hour Strategy (MACD)

First I would like to say there are a million ways to trade and you need something that suits you that is the most important. However when I look at the current CHF price action I define the ranging boundary at around high 1.0000 and low at 0.9900 - ...

4 Hour Strategy (MACD)

I look at the 1H much more than the 4H - and you are correct that the 4H looks very good by itself. But I am trying to show how I see the 1H price movement as it will help the traders that are already very familiar with the 4H rhythm to pinpoint ...

4 Hour Strategy (MACD)

I don't follow the CHF but yes very similiar to EUR. I took a long on the EUR at the range extreme Friday morning trade is already closed. On the EUR I am going to wait to see how price acts with the last 1H swing before entering another, similiar ...

4 Hour Strategy (MACD)

Pullback - When has price found support? — Instead of posting my EUR trade of Friday morning I elected to post this chart to help answer the question "When has price found support on a pullback". Again I mainly trade Phillip's TC pullback to ...

4 Hour Strategy (MACD)

EUR at long term daily/weekly 38% fib — EUR may find support here at 1.533 area or continue down to test the next daily fib at 1.5170 area. But because the trend is down I will continue to look for short trades. I am planning my trade as per ...

4 Hour Strategy (MACD)

The thing that I hate about trendlines is most of the time you can adjust them to suit whatever conclusion you want to arrive at. I am starting to look at them less and less because when I enter a trade my first PT is almost alway a test of a very ...

4 Hour Strategy (MACD)

EUR & GBP — To me the GBP is a bit unclear so I will wait for clarity. Here is what I am looking for on EUR - I am anticipating Phillip's thur 21 pullback to 21 then move away rule. If price action does not behave or do exactly what I want ...

4 Hour Strategy (MACD)

EUR Trade — I couldn't post this earlier because I was unable to attach images for some reason. Anyhow I took this trade as follow again I call this first bounce entry - where price bounces from the blue fibs 38% - 62% area and close above the ...

4 Hour Strategy (MACD)

Best target to use is the external fib retracements of 1.382 and 1.62 of the previous visible 1H swing or the previous 4H swing. Phillip uses these very often - and they are surprisingly accurate. I finally got away from the Ontario, Canada cold ...

4 Hour Strategy (MACD)

How I see Phillip's Rhythm in term of pullbacks — Look at the 4H chart and the red boxes - those are 4H pullbacks - 1H corrective cycles. You really need to look at the 1H to see the price movement within those 4H pullbacks. Notice how just ...

4 Hour Strategy (MACD)

It is a bit hard to explain in words - but all the veterans here know when price is trending and when it is in a correction - this is the most basic fundamental realization in order to trade successfully. Those of us that can see it wonder why other ...

4 Hour Strategy (MACD)

It really doesn't matter but I draw my top down. The 38% and 62% are the same depending top down or bottom up. Wow - EUR just jump!

4 Hour Strategy (MACD)

You really need to be careful with the 1H MACD signals when the 1H is ranging like this. I suggest that whenever the 1H MACD get close to the zero line TCs signals are unreliable because chances are it is a long corrective cycle. If you do take ...

4 Hour Strategy (MACD)