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Phillip Nel replied Feb 8, 2007Sorry — Finger error. Hope you got it. Target 1.2080
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — I just took that one as it is a evening star as well. Target around 121.80 Sorry 120.80
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — If you go to Trading systems and the 4 Hour strategy you will see a paperclip right above the rating. There you will find all the attachments to download.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 2007GbpUsd — Look at this chart. Something is about to happen very soon I think.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — [quote=fxnewbie 71;211708] If it is the horizontal lines I will change them to 0.6 0.4 0.2 0.0 -0.2 -0.4 -0.6 Hope it works. Only for the GbpJpy change the hor lines to these settings.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — The Eur are sitting on trendline resistance. The MACD signal was not worth it as the R:R was BAD. Wait either for a lower high or if it break out above trendline wait for trend continuation. Watch for the tail. Never take a ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — [quote=fxnewbie 71;211669] Setting for MACD the same. Out of the nine right deals not all gave positive pips as I set my stoploss to breakeven to give the position a chance to mature and then I would say about 2-3 endup ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — You can look at the charts in the document and do some backtesting and see what the success rate will be for you. I have been papertrading for two years and studying the EurUsd pricemovement and read everything I could lay my ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 2007Tsunami — The tsunami. Did it make sense what I said. Like to know.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — You should wait for the close ot that spesific 4 hour candle and then calculate you situation again. Never get in on motion alone. I tend to get in the moment I see the price starts to move and might miss an oppertunity till ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 2007UsdChf — If you like the hydrinaline to pump you could take these tails on when they occur at support and resistance. Just be aware of the MA's. See chart. Stoploss just a few pips above 89SMA. Quick 20 pips
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — The tails that formed against the trendline and the MACD lower high suggested a downmove. There was about 25-30 pips to the 89SMA which could act as support. The risk reward ratio was 1:1 to the 89SMA so to take the odds on ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — I like to draw it to both. Just for me to know if they do it what can I expect.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 8, 20074 Hour Strategy — I could not be invoved in any trading today. EurUsd I would have passed. Not smooth setup but the Gbp gave a sitter. Trendline test 4 times, 2 little tails and MACD confirm(lower high) with first prof target 89SMA(+25 pips) ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 7, 20074 Hour Strategy — As it is said. Look at the candles to see any direction. Near the zero for some bars mean consolidation even if it is over a short period so wait for confirmation either continuation or break through zero.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 7, 20074 Hour Strategy — Will wait for a candle to close below 89SMA. If there is room to the 200SMA I will enter.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 7, 20074 Hour Strategy — Yes you can if R:R is OK. Normally you would be in a trade when that happens. If not just enter at the 8EMA more or less. Your previuos post I think he ment the priceaction
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 7, 20074 Hour Strategy — Here are the last part of this 4Hour Strategy. Might get some reaction but that is how I see it. Hope it will be received positive. If you can manage the two parts together you will win.
4 Hour Strategy (MACD)