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Phillip Nel replied Jan 30, 20074 Hour Strategy — I don't really use pivots unless there is no indicator to set my profit target to and that havent happend yet. As to entry one can get to much involved in indicators and again does not know when to pull the trigger as out of ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 30, 20075 Min Strategy — Yes, but one must not be to mechanical. Look at the samples on the thread to see how the setups look like.
5Min Intraday System
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Phillip Nel replied Jan 29, 20074 Hour Strategy — This is what i will wait for on the GbpUsd. Both setups according to the PDF. If you wanted to take the trendline on as support with a rising MACD you should have done it 3 candles ago at 1.9550 which were a good overall ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 20074 Hour Strategy — You are absolutely right. Remember also that the price has broken down through the 89SMA and a pullback to the 21EMA is the rule. But the MA's is to crowded so I will wait for a breakout first and then confirmation on the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 20074 Hour Strategy — Yes the 1hour. But there only a few setups I will look at and only if I can trade live. I havent done any testing on the 1hour just had a look. Seems to be to chaotic.
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 2007Jan2006 4th Trade in PDF — The reason why I took that one is that I was anticipating a stong move upwards as the price is above the 89SMA which is bullish and it was around the 21EMA where the rule says it could go bullish. The three little ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 2007I havent tested his indicator as I want it to be very simple. You can test it and maybe find some use for it. Just dont change the rules of the strategy then you will be OK.
5Min Intraday System
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Phillip Nel replied Jan 29, 20074 Hour Strategy — I liked the three little higher lows it made especially in the first zone below the zero and a possible breakout upwards. That is why profit was taken on the second doji as a sign of weakness and the high on 6Jan as ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 20074 Hour Strategy — Your analyses of the situation sums it about up. MA's to close. Not a reasonable maybe head and shoulders forming. I would have taken one wrong trade the first one with a slight double top. After three even four candles it ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 2007That also depends on the profit targets. If I can only plan to manage 30 pips out of the deal I want my stoploss not to be greater than that. I sometimes even uses two candles back if the first one is a small candle. Todays trade (post31) had entry ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 20074 Hour Strategy — It is just because of working schedule and limited internet access during working hours. These were the amount of deals for 2006 per time (GMT+2) 01:00---25 05:00---34 09:00---17 13:00---46 17:00---52 21:00---29
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 20074 Hour Strategy — Hope you took this one A. 1 Profit already in at 20 pips for 4 minilots B. Have Set stoploss to 10 below entry for 6 minilots lots with 2 Prof(4 minilots) set at 1.2945 Just want to add that the rule says that when the price ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 20074 Hour Strategy — As long as I am still within my plan for the trade. From 1 Hour to a week.
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 29, 20074 Hour Strategy — Yes 16:00 20:00 and 0:00 on my platform.
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 28, 20074 Hour Strategy — The horizontal lines is just there to show overbought and or sold levels especially on the EurUsd. Sometimes the movement is close to the zero and within the fisrt MACD zone. I only use it as benchmarks as to where the MACD ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 28, 20074 Hour Strategy — That is what everyone should do. Go to history and look at the MACD till you see the motion and the setups.
4 Hour Strategy (MACD)
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4 Hour Strategy (MACD)
Started Jan 28, 2007|Commercial Content|31,602 replies
I am using this 4 Hour strategy only for the last month(Jan2007) as I have papertraded for 2 ...