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Phillip Nel replied Sep 6, 2018Hi. Yes it is not an easy system if you cannot stick to the rules and discipline yourself not to jump the gun. One has to be very patience with this strategy. The other thing is to not try to take profit to early when there is a temporarily pullback ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 5, 2018Yes. Treat it as the rules say and the profit will come. First a close above the 21ema then a pullback and move towards the 89sma and the same rule at the 89sma until you get to the 200sma. There is also a trendline from 26/07/2018 and treat that ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 5, 2018BE for me is a winning trade because you planned it that way the same way if your stop has been triggered or your profit target has been met. If it goes according to your plan positive or negative I count that as a winning trade. It is when you ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 5, 2018I did not enter the EurUsd short from the 21ema as it was sleeping time for me. I also did not want to put a limit sell order as I did not know how price is going to react with all the moving averages clogging together. It worked out well for some ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018Just keep this in your memory if it starts to unfold later on.
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018Yes I did. I had to leave otherwise I would have stayed to see what happened around the 89sma as well as the 200sma on the 4H because both MA was ignored when the price moved to that support level. I hardly ever trade a breakout or move through a ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018My trades for the week 03Sept to 07Sept 2018 so far.
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018It looks good to me and it worked out for you. As long as your stop remains where you would have put it when you would have traded the 4H timeframe. I will give more detail as to that later during the day. And your risk:reward is min 1:1
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018I hope I understand you correctly. You said you entered after a bullish from the 8ema but I think you mend a bearish candle as I look at your chart because it was a sell. It looks like it was a R:R of 1:1 which is fine. I set an alert around the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018This is my situation currently. First T/P closed and second one approaching. On top you will see my 4Hour candle closing times. Regards. Edit Have closed second T/P manually. My account profit is in Eur for the day so far.
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018Can you perhaps give me your entry, stop and takeprofit numbers please.
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018This how my trade is going on the EurUsd. I still have my stops above the 21ema and my first Tp at the 200sma and the second one at the 89sma. The light purple trendline is my main focus point at this time because if that is breached the 21ema is ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 4, 2018There was nothing wrong with your thinking in taking the trade. Just remember that when the price moves that far away from the 8ema it might be a strong trend and it might only come back to the 8ema to continue again. Do your analyses to the 8ema in ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 3, 2018Great to see you are still around. Yes I can't wait to post my live trades.
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 3, 2018I like the way you explain the possibilities. If you carry on the way you did on your demo you will be successful. But it becomes different when real money gets involve. Be careful not to trade to many pairs at the same time. I only trade the EurUsd ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 3, 2018Thanks. Hope others will also return and tell their story if trading this strategy was a successful journey or not and what was the reasons for success and or failure. I would surely like to hear them.
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 3, 2018There is only a few rules regarding this strategy and if you trade them you will be successful. The problem is people want to become rich quick and then they don't manage their risk well. The main focus should be don't risk more then 2-4% of you ...
4 Hour Strategy (MACD)
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Phillip Nel replied Sep 3, 2018Hi for those that are still trading this strategy. It has been some years that I haven't posted here. I went on pension last year but then I was struck by a stroke on 23Dec2017 and only started to recover about the middle of May this year. While I ...
4 Hour Strategy (MACD)