Forex Trading Entry Point with 4 Hour MACD Strategy

I have read Philip Nel thread posted on ForexFactory.Com about his forex trading system. Phil uses the 4 Hr MACD Indicator to determine his entry point.

Some entry point indicated by the 4 Hr MACD, Whether the market going up or down. Even the 4 Hr MACD couldn't give us 100% valid entry point but this MACD has it's own pattern that could give us information when should we enter the market. There are some pattern that Phil explain.

Phil, set up his charts like this below:

Moving Averages

365 Exponential Moving Averages (365 EMA)

200 Simple Moving Averages (200 SMA)

89 Simple Moving Averages (89 SMA)

21 Exponential Moving Averages (21 EMA)

8 Exponential Moving Averages (8 EMA)

MACD

Fast EMA 5

Slow EMA 13

MACD EMA 1

And then he sets the horizontal lines on MACD above and below zero. There are six levels of this horizontal lines,

Level +0.0015

Level +0.0030

Level +0.0045

Level -0.0015

Level -0.0030

Level -0.0045

Those horizontal lines help us to filter the valid MACD entry point.

Philip also posted his daily forex trading planning basically of his forex trading system.

If you interested to know this system, just download from this link below:

4 Hr MACD Forex Strategy.pdf

Planning Your Trade.pdf