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Phillip Nel replied Nov 24, 2008Not bad — That was not bad according to MACD. It was against top resistance as well. If it breaks out you might get a chance there.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 24, 2008Breakout — When the area before the breakout has built up a lot of emotion(like the one on EurUsd we just had) the breakout is sometimes huge and quick, so it is worth it to take the odds on.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 23, 2008Breakout Trade Setups — The aim with a breakout trade is to enter on the close of the 4H candle if the MACD confirms with a TC,ZB or BOZ. If no MACD confirmation then wait for a pullback to the breakout level either on the 4H, 1H or 30min and ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 21, 2008Internet Problems — Sorry for not posting. We had heavy rain and internet is down. Got in using my mobil as a modem. The triangle is still standing. I did not think that the tail marked in red was carrying any weight for the bottom trendline.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 20, 2008Triangle breakout — Watch for breakout. 2 Spinners off the 21ema and the bottom trendline. I anticipate a breakout down. Lets hope we can get a chance to get in. Either by a MACD TC after breakout or on a pullback to breakout level. ADD: It ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 19, 2008UsdJpy trade — I normally dont trade this pair but the triangle got me interested and the ZBreak on MACD convinced me. It was a breakout with MACD signal confirmation. Entry 96.34 Stoploss 96.94 (Will scale out in 30 and 60 pips) TP after ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 18, 2008EurUsd Trade — I once again reversed my trade because of a Zerobreak o the downside. Entry 1.2613 Stoploss 1.2663 TP Close 50% after 25pips and remainder at Bottom trendline Edit 1 Closed 50% after 25pips and set remainder at -25. I will be ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 18, 2008Agree — Yes. That is why I took that setup. Was trying to position myself for a breakout to the top if it happened. Now it is waiting again.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 18, 2008EurUsd Trade — Enter on a very slight Zerobreak. MACD just above zero but the candle formation before the signal and the signal candle was the real trigger. Nice bullish candle off the 21ema. Entry 1.2659 Stoploss 1.2599 TP at 89sma (Will ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 17, 2008Breakout trade — This trade was handled as a breakout trade that is part of the system. On page one there is a reference to a pdf and mp3 on breakout trades.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 17, 2008Thanks — Yes you are 100% correct. Next setup is to wait for the 21ema to become support and then upwards we wait for.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 17, 2008Thanks — Thanks, I see what TL you are talking about. I have completley missed it as I was looking at the breakoutlevel and that specific TL. I will watch the position closely and close it if it turns around especially below 1.5000 Edit 1 I ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 17, 2008GbpUsd trade again — I just did something I never did before. That is re-entering a trade setup on another timeframe confirmation. I feel very strong about the breakout of the GbpUsd and the 1Hour has also pulled back to the breakout level. ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 17, 2008GbpUsd trade — I took the odds on on the 30min for a pullback trade to the breakoutlevel of the triangle. For me that was a close enough pullback. Lets see. Stoploss set at 60 (in the image I have it at 70 but it is set at 1.4973) Edit 1 Set ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 17, 2008Gap Down — Yes it is a Zerobreak and it was taken below the MACD zeroline by the Gap down. It can still work out for you. Stoploss could have been set to below 1.2600 but you take it a good bit out of the way. I think the 89sma will be tested ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 17, 2008GbpUsd — It broke out of the triangle so maybe we will get an entry at a pullback to breakoutlevel.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 15, 2008Important Lesson — The MACD signal is an EDGE that is given by certain signals, an EDGE of a higher probability trade that may occur. Its not a guarantee because no one can predict what will happen to the market but that EDGE with other ...
4 Hour Strategy (MACD)