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Phillip Nel replied Oct 20, 2008EurUsd Trade — This was a breakout trade and handled according to the rules. Wait for a pullback to the breakout level and then enter on a nice bullish candle either on 1H or 30min chart. 50% closed after 25pips and set remainder at -25 ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 20, 2008Very Good — Very well spotted. Not just the MACD signal but the rhythm here was very important. Look at the nice move away from the bottom support. A shorter timeframe could have been used to get a less stressfull entry in terms of stoploss ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 16, 2008Trades that was manageable — Here are trades for the last 3 weeks that was tradeable by TC signals only. Stops was manageable.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 16, 2008Risk Reward — The risk:reward ratio as to profit against stoploss was not 1:1 and better. There was about 35pips to TL for profit and stoploss was over 55. Not good.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 16, 2008Tails — Tails have been discussed many times in the thread. They offer good oppertunities when they are formed on support/resistance and in this case from the 21ema. Stoploss should be just above the body of the tail and I have decided that 30 ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 16, 2008Todays trade — EurUsd. Nice tail from the 21ema. Target is bottom TL. Entry 1.3450 SL 1.3480(The tail has done the damage therefore my stoploss of 30.) TP as from 1.3410 Close at 1.3410 for +40pips
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 14, 2008Gap trading — ............................................................................post..... page Gap Trading on Sunday Nights ............................... ...1133....16988
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 14, 2008Daily wrapup — Look at the 1Hour with the ADX that Palmer have on his website. Really is good stuff in this volital market.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 14, 2008TC and or ZBounce — On my chart I would have taken the TC/ZeroBounce. It was however sleeping time so I missed it. That double top is to far apart and does not formed in overbought conditions.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 13, 2008Trading the Gap — The aim was trading the gap and not the 5min system. If there was not 3 lower highs I would have waited for other confirmation but those 3 lower highs ws the go ahead.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 13, 2008Gap Trading — Nice entry into the gap with 3 lower highs. Perfect entry. Did not completely filled the gap but 40pips was there for the taking.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 9, 2008Stoploss — I used the signal candle low as my stoploss as the candle before the signal candle was a little hammer and the chance was good that it wont come down to the bottom TL therefore my decision. Making stoploss 48 more or less.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 9, 2008EurUsd today — Close above 21ema and pull back to below 21ema with a TC upwards for a possible move to 89sma. First TP at nearby TL I let both positions run. Closed for +70pips by trailing stop
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 8, 2008TC — Hi I was only looking to go long due to the breakout. The 1hour did not give nice signal so I left it alone.
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 4, 2008Gain into loss — That is why I will never let a 30pip gain run into a loss if I can help it. The price closed on 1.3859 signal candle and the high thereafter was 1.3909 and that is 50pips. There is no way I will let a price ran 40+ in my favor ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 2, 2008Not really — I dont think I would have been interested. What will make me interested is if there is a long term resistance together with lets say MACD divergence then the whole picture changes. One has to look what is in your favor and what is ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 1, 2008GbpUsd trade — Entry 1.7743 SL 1.7783 TP as per candle patterns as we might be in a pullback phase on 4H. Edit 1 Closed 50% for +15pips. Set remainder on -15pips for a BE at worst. Edit 2 Lets see if the 1.7700 level holds or not. 1.7700 ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 1, 2008Breakout_Pullback setups around 89 and 200 sma — Just some setups around the 89 and 200sma moving averages when price goes through and pulled back before confirming the breakthrough. You can use it with trendline breaktroughs exactly the same ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 1, 20081 Min — Yes you can but it must not be the norm. Only when the movement is fast and that occurs not so frequently. I use 1min a lot after news anouncements and I am online at the time.
5Min Intraday System