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Phillip Nel replied Oct 8, 2009Trade — I took on the UsdCad TC. The MACD setting is set at 10,22,1 for this pair. I have said that I am going to trade a bit more aggressive and that includes this pair in my arsenal. 1. I wont let this pair go back to stoploss level as it ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 8, 2009Trade — Here is a trade I took this morning. I had to sit out a retracement that went just over 30 pips against me before turning around. Price got to 1.4780 where it tested 1.4800 earlier I have decided to set all at breakeven. Will see if it ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 7, 2009MACD — Hi I have introduced the 10,22,1 setting as it filters out some noice and the signal is more smooth. I still prefer the 5,13,1. What I have found is that with Divergence the 10,22,1 is very true. Do some backtesting on the currency pair ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 6, 2009Todays trade — I have decide to take the ZBreak on the GbpUsd for a move towards the 89sma. The price moved nicely to +50 pips. I decided to set TP at +25 after +50 was reached. Price retraced sharply and TP was hit.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 5, 2009Round Tops and Bottoms — Round tops and bottoms
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 5, 2009Round top — It might work out OK but I like the round top to be a nice smooth one. When the price is inbetween the 89 and 200 it tends to zig zag there untill it gets direction again. So I wont wait for a red bar on the MACD if I wanted to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 5, 2009TC — Hi I was also watching that same setup. The only reason I did not get involved is the 89sma in its way as price is inbetween the 200sma and the 89sma and the short trendline I had drawn. But the momentum look good for a break to above the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 1, 2009No Trade for me — I did not take the GBP ZBreak due to the possibility of that intermediate TL being resistance. It turn out a good decision so far.
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 30, 2009Trade — I am taking the rhythm on as per the 4H MACD rules that price have pulled back to the 21ema and might return to the 89sma. I have reduced my position size to combat the fact that the signal candle is not as bullish as I would have ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 29, 2009Trade tonight — The 1.4600 might play a role so I have set my position on a 25pip trailstop that will kick in at 1.4595 giving me a free right after that. I will not set a take profit but will let the trailstop run if price wants to continue ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 29, 2009Trade Yesterday — Here is a trade I took yesterday.
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 27, 2009First Posting — Hi This is my first posting since the strategy was put on the commercial side of FF. I was also waiting for the rules by FFactory regarding the commercial forum but nothing have realised after more then 2 months. I have ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 11, 2009Ouch!! — It is the first time I have been told that I was teaching a system that is based on the divergence of two moving averages and that it cannot work and that the pips that were made was lucky pips. I am sorry if I have wasted 2 years of ...
Phillip's late night dinner table
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Phillip Nel replied Jan 10, 2009As I understood it, it is on all forums except this Members lounge section.
Phillip's late night dinner table
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Phillip Nel replied Jan 9, 2009Thanks — It is nice to know that someone more senior then me have found some benefit from the 4H thread. It surely was 2 of the best years I had. I hope that the thread will keep on going. Phillip
Phillip's late night dinner table
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Phillip's late night dinner table
Started Jan 9, 2009|Commercial Content|125 replies
It is sad for me to get to the point as to write this post. My decision to go commercial has ...
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Phillip Nel replied Jan 4, 2009Broker — I am using InterbankFx. There is a thread in ForexFactory that discusses brokers. You can have a look there. Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 2, 2009Happy new year — Happy new year to you all. Hope you make lots of pips this year. Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 21, 2008Finish for the year — Hi Just to say that I am done trading for the year. I have closed my stocks portfolio for the year on Friday ending 26,98% higher for the year. I will be back active the first week of January2009. I will still be ...
5Min Intraday System