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Phillip Nel replied Jan 17, 2007Money Management — It is more a matter of money management for me. I don't want to make 3 wrong in a row in one day. It's just one of my rules. I don't want to get even when I am down otherwise it becomes an emotional affair.
5Min Intraday System
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Phillip Nel replied Jan 16, 2007If it is within the rules I have no objection.
5Min Intraday System
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Phillip Nel replied Jan 16, 2007I surely won't mind. I just have very limmited internet access during working hours. GMT 07:00 to 17:00. Thus this 5Min strategy to give me an oppertunity in our afternoon to get a deal or two as well as the 4Hour strategy longer term that gives me ...
5Min Intraday System
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Phillip Nel replied Jan 16, 20075 Min Strategy — The graph has shown a full days data just to show the deals for the day. That makes the angle of the 50SMA looks OK because it is all squashed in. Will post picture as I saw it. The 50SMA was yet to flat at that stage for me. ...
5Min Intraday System
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Phillip Nel replied Jan 16, 20075 Min Strategy — 4 Trades for the day. No1 was a lost -9pips. No2 was breakeven. No3 was +10 pips and No4 was breakeven again for me. I only partisipate in No 3 and 4. No 3 was +10pips and No4 breakeven so +10pips for me.
5Min Intraday System
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Phillip Nel replied Jan 16, 20075 Min Strategy — Yet another one. At worst breakeven
5Min Intraday System
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Phillip Nel replied Jan 15, 20074Hour Trade the Plan — I have this 5min strategy as well as the 4hour and then a 1hour which I thoufht to share as one unit. It however looks like I should sepperate it. Nobody commenting on the 4hour.Thanks for the feedback.
5Min Intraday System
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Phillip Nel replied Jan 15, 2007I agree. As the markets were still today. It was however a nice setup. I was watching it but did decide earkier that I am not going to enter today unless the market runs. The way you minimized your loss was great. When the price did not act fast and ...
5Min Intraday System
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Phillip Nel replied Jan 14, 20074Hour Trade the Plan — Got filled with only .2 lots. Point B is about to be reached. As it is a possible pullback area I will take .2 profit at 1.2940. When it pull back I will enter again around 1.2900 and below.
5Min Intraday System
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Phillip Nel replied Jan 14, 20074Hour Trade the Plan — Area A will be my entry field as explained in the earlier post. If I get all entries this is my plan. My first barrier will be at B as you can see it tested it several times and pulled back. This is where I will take ...
5Min Intraday System
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Phillip Nel replied Jan 14, 20074Hour Trade the Plan — Trading this will be at your own risk. The idea is to have a plan and trade that plan making provision for all sorts of movements that might occur. As I intent to go long the Eur/Usd the probability is high that it might ...
5Min Intraday System
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Phillip Nel replied Jan 14, 2007Alert — Thanx I have set the angle at 0.25 and it looks good. Will not trade on every signal but at least it give a warning. What I like is that it does not give that early false signals when the angle of the 50SMA has changed but does not ...
5Min Intraday System
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Phillip Nel replied Jan 13, 2007Thanks Very good reading. Everyone should read this.
5Min Intraday System
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Phillip Nel replied Jan 12, 2007High Probability trades — If you would have made all those marked circles as high probability trades I am sure that with good money management you would have smiled today. That is what it is all about. When the market enter a high probability ...
5Min Intraday System
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Phillip Nel replied Jan 12, 2007Interaction around Price levels — Even around price levels (1.3000, 1.2900, 1.2800 etc.) there are some support and resistance.
5Min Intraday System
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Phillip Nel replied Jan 12, 2007Interaction around Moving Averages — Some more examples. As you can see it is not by accident. You can trade very profitable off trendlines and moving averages. I am using Fibonacci numbers for my Moving Averages. 5,8,13,21,34 all EMA's ...
5Min Intraday System
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Phillip Nel replied Jan 12, 2007Interaction around Moving Averages — Some more examples.
5Min Intraday System
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Phillip Nel replied Jan 12, 2007Interaction around Moving Averages — Here are an example of the interaction of the price around the different Moving Averages. If you bring in price levels (1.3000, 1.2900, 1.2800) Etc and trendlines you will find more support and or ...
5Min Intraday System