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Phillip Nel replied Feb 1, 2007Stoploss — STOPLOSS I haven’t discussed the field of stoplosses in the PDF document as it is not a matter of pattern and or standard way. There are no definite rules as to where stoplosses should be placed. This is the major cause for people ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 1, 2007Technical vs Fundamental — I went both ways in my trading path of almost 10 years. First fundamental and then technical. What I find was that there are some sort of a link between the two. People act upon information and most definitely on ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 1, 20074 Hour Strategy — That is high risk trades but normally with great profit. As the moves are normally fast I set my stoploss tight at max 23 pips waiting for the price to pierce a little back into the previous candle to give me that extra ten ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 1, 20074 Hour Strategy — As it is a strong resistance they might tend to pierce it and then bring it down and that is exactly what happened. That is where shooting stars come from. 38 pips stop minimum is what I would have used.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 1, 20074 Hour Strategy — 200 Simple moving average. 21 Exponential moving average
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 1, 20074 Hour Strategy — It did not make a round top as it came to far down.I took the trade as it came down at 1.3028 with first target at 1.3010. If you entered at 1.3030 three to four candles back your first profit taking should have been at ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 31, 2007What you people did was taking on a high probability trade. The risk is higher as one needs to get in earlier (not so much earlier as to pips but to time) 1.3030 looks good.. There is a strong trendline at the top coming from 9Jan2007. There is the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 31, 2007Chart — I don't have an idea why. It looks like there is an hour or two shift. My time are GMT+2. Can someone help please. Thanks
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 31, 20074 Hour Strategy — How about a strange Fed Interest news strategy. What will happen when interest rate are raised today totally against the expectation of the Market. Why not a short order at 1.2890 and let it run if right and cancel if wrong. ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 31, 20074 Hour Strategy — What will the chance be that with this early up move that interest rates are going to be unchanged. Are we going to see a further up. Some comments
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 31, 20074 Hour Strategy — I should have stayed in???????. The thought might be nice but I stucked to the rules that trendline can be resistance and took the profit as planned. It is not so much the pips but the discipline to stay to the rules and the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 31, 20074 Hour Strategy — I took this one for 15 Pips Update: I was busy posting this when 15 pip was reached. Entry 1.2963 closed at 1.2978
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 31, 20074 Hour Strategy — Gbp short @ 1.9540 with target at 1.9500 and it went passed to the Fibonacci 161%. At least 35 pips profit taking at 1.9505
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 30, 20075 Min Strategy — The 50SMA is OK therefor a trade signal is given. The 10EMA is still however below the 50SMA. One can take the trade as the move is strong. I would have it passed as the two fast MA's are not above the 50SMA and widening
5Min Intraday System
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Phillip Nel replied Jan 30, 20074 Hour Strategy — I just want to emphasize someting. I dont trade as to the exact pip. By that I mean if the 21EMA is 39 pips away I subtract my 2 pips spread and then put in a close order for 37 pips. I dont do it that way. Profit after 30 ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 30, 20074 Hour Strategy — I will most definitely show the ones I take. At this stage it looks like everyone is waiting for the news. The Gbp has a nice shooting star and then a downbar. Again it is the profit targets that makes it not worth it. That ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 30, 20074 Hour Strategy — It all depends on the stoploss size as well as the profit size. If we are in an uptrend and the MACD makes a round top it means we are going against the trend. Therefore our profit target is to the 21EMA or thereabout. If the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 30, 2007News — As you can see in the samples that it seems that most of the time the MACD gives a positive signal before news comes out. And then I dont mean minutes before it. It will give it some time earlier. The big ones already knows before the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 30, 2007Trade according to the rules — See the PDF document
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 30, 20074 Hour Strategy — I am glad you asked that question. If you take the round top/bottom against the trend you must know that you profit target is going to be to the 21EMA and if there is not enough room you must wait for the next signal. Lets ...
4 Hour Strategy (MACD)