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Phillip Nel replied Nov 7, 2008Agree — Stoploss was just too much to 89sma. NFP days I dont trade. (If I have an open position I will close before the news). Maybe on the 1min I will take on a microlot just to get the old heart pumping.
Have a nice weekend.4 Hour Strategy (MACD)
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Phillip Nel replied Nov 4, 2008Leverage — Cant you change the leverage from say 50:1 to 2:1, or 1:1 or 5:1 etc. that will reduce your risk.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 4, 2008Stoploss move — I just try to keep it a save distance away. At the moment I keep it 50pips away till it gets closer to my profit target then I change to 30pips. I dont do it on a fix sort of rules.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 4, 2008Stoploss size — I see that the stoploss sizes is keeping people from trading. See if your broker allows you to trade with less leverage and reduce the leverage till your stoploss risk is not more than 2% of your capital and then you will be ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 4, 2008Nice — Evening star off the 21ema with MACD zerobreak signal. Vey high probability trade. Well done. The pullback to the 21ema was nice and with smooth rhythm.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 4, 2008Absolutely — If you know the rhythm you will know how important these type of candle formations are and especially the place and position they occur. Look at the trade I did on the UsdJpy using the morning star that was formed off the 89sma ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 4, 2008Stoploss Split — Instead of using a 60pip stoploss I will sell 50% at -30pips and the rest at -60pips giving an avergae loss of 45pips. Sometimes the -30 will be triggered but the -60 will hold and give me some +pips. This is to help with a ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 4, 2008UsdJpy — After Palmer talking about the UsdJpy I started to look at it and liked the support on the 89sma and 21ema Long after a morning star formed on the 89sma and the 21ema. Long 99.28 SL 98.68 TP 101.00 near the 200sma Edit 1 Closed 50% ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 3, 2008Info — I use the window just as it is on MT4. i open 2 minilots and close one after 25pips and set the remainder on BE. Nowadays with the huge movements i let it run a bit before closing 50%
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 3, 20081 Hour — The 1Hour could helped to make the decision. The price failed to go up after a false breakout to the 89smaon the 4H. That was confirming the down channel is still in place and strong. It was not wrong to have that support line. That ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 3, 20083 Sisters — There was 2 chances to get in with the 5min. 3 Sisters with a break below entry at 1.2735 and then a second chance after a pullback and then a power bar move away at 1.2720. Using the 21ema as a trailing stop to take profit.
5Min Intraday System
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Phillip Nel replied Nov 3, 2008MA's opening up — I totally agree. If the 21ema and 8ema are very close together it needs some extra confirmation. I liked that hanging man candle just before the signal candle and the fact that it was a ZeroBounce signal which is very ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 3, 2008Tails — As shown on the graph the second one did not retrace with a smooth action towards the 21ema as the one on the left. However, the second one had 2 nice tails with the second tail making a lower high. The fact that it happened on the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 3, 2008EurUsd — Zerobounce off Trendline and hanging man candle. Entry 1.2768 Stoploss 1.2858(Split in 30 and 60 for average 45pips) TP 50% at 1.2700 and let remainder run. Edit 1 50% closed at 1.2708 for 60pips and set remainder at BE. Edit 2 Moved ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 2, 2008Indecision — A spinner after a nice run allways shows indecision as to the continuation of the current move which could be a good signal if confirmed by other candles also indicating a possible halt like the doji we had just before the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 30, 2008Both — Hi Both the doji and the spinner was the confirmation for me. The doji with the tail down to the 21ema was the biggest confirmation. I entered a bit late after the spinner because I only came to the computor then. +370pips. Dont have to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 29, 2008Trades for October2008 — Page-----Post--------Pips 1151-----17254------+333 1151-----17263------+40 1160-----17388------+70 1164-----17459------+40 1166-----17478------BEven And todays EurUsd still running
4 Hour Strategy (MACD)