Thank you — Thanks Phillip. I appreciate that risk is an individual issue and that some will be more adventurous than others. We all have to be comfortable with the risk we take for each trade and not to jeopardise our accounts on one trade. ...

4 Hour Strategy (MACD)

NFP — I am interested in others views on this too. I avoid trading any currency on significant news for an hour or two before and after the news, not for the whole day. In addition, I would like to understand a little more about splitting a ...

4 Hour Strategy (MACD)

Risk/Reward? — The MACD was OK but the size of the signal candle and the proximity to the lower trend line meant the risk was too high for me. Also, the EUR/USD and GBP/USD pairs have been all over the place today - no defined trend.

4 Hour Strategy (MACD)

5 Minute System — The 5 minute system can be followed stand-alone (which is what I do) or can be used in conjunction with the 4 hour system. Phillip gave an example of how he combines the two recently (if you go back a few pages you should be ...

4 Hour Strategy (MACD)

I asked myself the same question when I first came upon the thread and quickly came to the solution that it was not practical to read the whole thread. However, all of the important stuff is linked to from page 1 and on Palmer's website. That's the ...

4 Hour Strategy (MACD)

The system is good — Phillip, I want to back you up on this. I have traded both your 5 minute and 4 hour systems during October. I have used the 1 hour timeframe for signals when the market has been particularly volatile and it has worked. I ...

4 Hour Strategy (MACD)

Pattern Recognition — Ritchie, I will put in my thoughts here. This system, in my opinion, is about pattern recognition and reading the candle formations. Patterns in the markets repeat themselves regularly. Being able to recognise such ...

4 Hour Strategy (MACD)

I think the magnitude may just be a little different! In terms of how much I have made - well, that's a bit of a personal question, don't you think. Let's just say I am in profit and wouldn't continue with this thread if I wasn't. Is that good ...

4 Hour Strategy (MACD)

Do you think the thread would have existed as long as it has with the number of posts it has if the system is, as you put it, "a lemon"?

4 Hour Strategy (MACD)

Thanks — Phillip, thanks for this very clear explanation. I have been demo'ing your 5 minute strategy for a while with some success. However, I like this method of combining the two strategies. I would also recommend Palmer's 1 hour ADX as a ...

4 Hour Strategy (MACD)

This is a very good summary. Of course, Phillip is trying to help traders that are experienced with this strategy with extra ideas to make profit but he always stresses the need to get the 4 hour strategy firmly embedded before moving on to other ...

4 Hour Strategy (MACD)

Broker? — Using MIG as my broker my charts look nothing like yours! No signal on H4 or H1 (or M30) that I would be interested in.

4 Hour Strategy (MACD)

Read back a few posts to see the reason Phillip placed the SL where he did (due to the tail of the signal candle).

4 Hour Strategy (MACD)

Stop Loss — Hi Phillip, Great trade - well done. Saw it but didn't take it as I computed the SL from the top of the tail. Interesting to see that you didn't but took a 30 pip SL - how did you determine the number of pips?

4 Hour Strategy (MACD)

Rhythm? — There appears to be a lack of rhythm on the EURUSD at the moment - looks like it may be going into a range to me. Also, the bearish TC is marginal - not smooth. Sorry, but its not looking too good.

4 Hour Strategy (MACD)

Thanks — Hi, thanks for the advice. Just checked Alpari and they allow demo accounts to be open indefinitely as long as there is at least one trade placed every 45 days (I think I can just about manage that!!!). So, when my MIG account expires ...

4 Hour Strategy (MACD)

Thanks — Thanks for the information - I will have a look at Alpari. Only concern I have is that spread betting in the UK doesn't attract tax (yippee!!!). Not sure what the situation would be trading with Alpari using lots rather than £ per pip ...

4 Hour Strategy (MACD)

Spread Betting — Folks, I have been studying this strategy and Phillips 5 minute strategy during the past two months and I have been demo trading this month with some success. If all goes well I would intend to go live in a modest fashion at ...

4 Hour Strategy (MACD)

Well said! — Well said, Palmer...and I admire your patience in your reply. Truth is, this thread wouldn't be as large as it is without people being successful with the strategy. I do think however that the name doesn't help. "4 Hour Strategy ...

4 Hour Strategy (MACD)

Are you sure? — Not sure about your prediction. Could go either way IMO, maybe a change of trend? I would certainly wait for the MACD to give any sort of indication of TC. Some of the recent volatility might ebb now that the major ...

4 Hour Strategy (MACD)