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Phillip Nel replied Jul 24, 2008Watchout — The long tail candle has to be green for me before I would have been interested. Therefore I will try to enter on a retracement. THIS IS A HIGH RISK TRADE. Price has made a red candle with huge tail. If it was a green candle I would ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 23, 2008Trailstop — Yes, that pinbar took my trailstop as well for 17pips.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 23, 2008EurUsd trade today — Price pulled back to the 89sma and the 1H gave a nice breakout to the short side with some nice lower high 1H candles We have discussed pullbacks after some major breakouts and how to look at 1H for entries. Entry 1.5757 ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 21, 2008EurUsd Trade — We are still in the triangle waiting for a possible breakout. I switched to 1H and saw the morning star that formed and decided to take the odds on. This is a positional trade to be part of the breakout to the top should it ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 21, 2008Hi — Welcome back. Hope you catch up quickly.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 18, 2008EurUsd trade today — This is a positional trade for the possibility breakout down. Will post Mp3 tonight to explain. Entered 1.5847 SL 1.5879 TP Let it run to 89sma and below is my intention. Edit 1 Closed 50% for +18pips(was filled at that) ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 17, 2008GbpUsd trade today — A tail with a spinner and then a bearish candle off the bottom TL after it retraced I will take this position. THIS IS A HIGH RISK TRADE. I like the tails to the top as well Will close 50% after 20pips and set remainder at ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 17, 2008Daily wrapup — Info Price has pulled back into the triangle. Be carefull to take position from within the triangle. Lets see if the price is going to close below the triangle and the 21ema. Then a pullback to 21ema and a move down might be a ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 17, 2008Well done — Well done to you all that had the nerves to take it.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 17, 2008Entry — [quote=Morelands;2115284] I entered by watching the 5min and the 1min. There was a break of support on the 1min making the trade good with small stoploss. The tail that was busy forming made it easy and the 1min was very true at that ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 17, 2008EurUsd — The tail that was forming convinced me as well that a possible run to 89sma could be therefore I switched to shorter timeframe strategy to get an entry. Watch possible support at 1.5822 on TL. (intermediate TL) Edit 1. 1.5822 tested ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 16, 2008Virus — Looks like I have won the virus on my laptop. Thanks for everyone that replied. I used Spybot and Avast to remove it.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 16, 2008Sorry — I am sorry for those that took the deal with me. One of Murphys laws. When I get the chance to trade live on the forum it is a wrong deal. But at least we did some live trades together in May that did well.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 16, 2008Well done — That is where a good short term strategy comes into play. Price turned around and the smaller timeframe gives one the oppertunity to make some pips and the loss ocurred sometimes completely but mostly partially regained. That ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 16, 2008Me too!!!! — I just had that innervoice that was not at peace. But there was nothing wrong with the signal and our analyses. The only thing maybe the high price level and the lower high on the MACD and the possibility of a lower right shoulder ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 16, 2008Inner voice — Hi. I had that inner voice that was not at peace when I took this trade. I should have entered at a retracement level as I wanted to. Lets see how it goes and if 1.5900 is going to hold.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 16, 2008EurUsd Trade — I am entering this trade with a little voice on the inside saying trade it after some Fib pullback of 38% but I have decided to enter on the rules and at candle close. Stoploss will be 35pips and not below the 21ema making it a ...
4 Hour Strategy (MACD)