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Phillip Nel replied Jan 9, 2007This is mine as on Metatrader — This is how mine worked out. Looks different as I am on Metatrader. Your entries were correct. There are times were you get two wrong and one right. The main thing is to be patient and wait for the right ...
5Min Intraday System
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Phillip Nel replied Jan 9, 2007Phase One of Trading Plan — Phase one are completed. Half profit at 1.3045 and stoploss set at 1.2995 incase 1.3000 are tested again. Possible bouce off 365EMA at ±1.3020 to continue upwards.
5Min Intraday System
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Phillip Nel replied Jan 8, 2007Have a Plan and trade that Plan — 4 Hour chart In the previous down move point A to F were the areas pre-identified where uncertainty, consolidation, waiting platforms as I call it could occur. Waiting for further direction based upon certain ...
5Min Intraday System
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Phillip Nel replied Jan 7, 2007Away for the week — I am away from my broadband connection for the week. Only slow GPRS. Will not participate very actively this week. For those that send e-mails. Will answer this coming weekend as I can not send e-mails on GPRS only receive. ...
5Min Intraday System
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Phillip Nel replied Jan 5, 20071.30000 — It looks like 1.3000 is holding. Have a nice weekend
5Min Intraday System
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Phillip Nel replied Jan 5, 2007Price level — Look at the 1.3000 price level where the Eur is finding support. Wait for further downbreak. I like the setup however for further downward move. 10-20 pips maybe. We'll wait and see.
5Min Intraday System
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Phillip Nel replied Jan 4, 2007Very Good — I like it espesially when the trend is fast. it brings one closer to the action. Will definitely try it. Will share testing later. Thyanx
5Min Intraday System
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Phillip Nel replied Jan 4, 2007I haven't tried ie on other timeframes. I am using a similar strategy on the 4hours with MACD as filter with success. Busy writing book for it.
5Min Intraday System
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Phillip Nel replied Jan 4, 2007The previous two charts are one extracted from the other. As you can see the one extracted with less data show the angles different. Therefore use more data to get the feeling for the right angles.
5Min Intraday System
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Phillip Nel replied Jan 4, 2007Zooming to much in — I am only going to explain the issue around the angle one more time. If you zoom to much in the Moving averages get distorted. You must have at least 16 hours of data displayed on your screen to see the momentum. Then you ...
5Min Intraday System
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Phillip Nel replied Jan 4, 2007Data — The amount of data you have on each chart is to little. You need to have more data displayed to be able to see previous trends to compare them to be able to see the angle of the 50SMA.
5Min Intraday System
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Phillip Nel replied Jan 4, 2007Angle of 50MA — See the attched pdf file for better explanation of angle.
5Min Intraday System
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Phillip Nel replied Jan 4, 2007Better Explanation — Look at this Acrobat pdf file. I tried to give a better explanation.
5Min Intraday System
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Phillip Nel replied Jan 3, 2007Spelling — Probability. Hope it is right this time.
5Min Intraday System
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Phillip Nel replied Jan 3, 2007The study of history — Once again I want to emphasize the point of looking to history. Study the looks of setups in the past that produces correct results and wait for those to occur and then you will know that it is the right thing to enter a ...
5Min Intraday System
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Phillip Nel replied Jan 3, 2007Entry — Yoy will find that it is only often that the 10EMA and 21EMA are more than 6 pips from one another. In most of that cases the trend is very strong upwards and then there is not a pullback to the 21EMA. I try to enter anything from 2 ...
5Min Intraday System
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Phillip Nel replied Jan 3, 2007Wait for the High probibilaty ones — Dont try to trade every signal that might work. Wait for the high probiliaty ones. I rather miss an opportunity than to get involve in a wrong one.<?xml:namespace prefix = o ns = ...
5Min Intraday System
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Phillip Nel replied Jan 3, 2007Very strong trend — When the 50SMA is clearly in a trend, I wait for the price to pull back into the zone. If it goes through the 21EMA I wait for the next bar to move back into the zone and then enter. When the trend is very strong it does ...
5Min Intraday System
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Phillip Nel replied Jan 3, 2007Zooming — I am using Metatrader and like to see a whole days data on the screen. That give me a better feel for the angles of the different MA’s. Remember that the 20Degrees I gave was as an explanation that the trend is up. If you squash to ...
5Min Intraday System