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Phillip Nel replied Jul 16, 2008Valid Long — Yes. According to your plarform it is a valid long to take. The speed of the market is slow however so far today, so it might take some time to develope and that allways test the nerves.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 16, 2008EurUsd — If the MACD are going to give a TC at end of this candle just watch out for the possibility of a sHs. R:R should be worked out to the shoulder level. When price gets around there then make sure to have your position at BE at least or ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 16, 2008100% — This is absolutely the core of the system. If you can learn to see and identify these conditions you will make pips.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 15, 2008EurUsd trade today — Price has made a TC from a pullback to breakout TL Enter 1.5937 SL 1.5900 TP both positions at 1.6000 or closeby I will go to BE after 25pips gain on both positions and and set TP for both positions around 1.6000 as I ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 14, 2008Still fighting the virus — Could not trade today due to work conditions. I am still busy fighting that virus on my laptop
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 13, 2008Virus Malware — Hi, I picked up a virus calles Antivirus 2008 Pro. I have tried Microsoft onecare and trend housecall as well as Avast which is my antivirus on the laptop. They see the virus but cannot clean it. Does someone have a removal ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 11, 2008Trailing Stops — Sometimes you will find a strong and fast move without really any pullbacks and then you will find a fast move with great volitility and pullbacks etc.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 10, 2008That tail — That tail was just a test of the upper part of the triangle. The weighting of the whole triangle was to the upside. I have studied a lot of triangles through the years of stock trading. The price itself made a nice round bottom as ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 10, 2008Backtesting and Exposure — If you have done live demo trading and ended positive after at least 30-50 trades you will trust and know your own way and trust the system and your own ability. If you risk more than 2% of your capital you wont ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 10, 2008EurUsd trade today — There was a TC of the 89sma and also from a 3x higher low coming from TL support. It was within a triangle so for me it was to take the odds on for a breakout. the signal candle also found support on 1.5700 level. All adds ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 9, 2008Playing field — Allways try to define the playing field when in a triangle and try to get your stop out of the way. If it is too big then skip. Add Never forget your trendlines.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 8, 2008Inspector of mines visit — We had a visit from the inspector so I could not watch the market. The 89sma was not really broken(by some pips) so I would have stayed out just because of that. For those that took the chance at least some pips was ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 7, 2008Backtesting results — Hi I would like to see your backtesting results for the 7months of 2007. I made some demo trades as well during that period when I was testing this system and did well.
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 7, 2008GbpUsd trade today — GbpUsd gave TC 0:00-04:00 but price touched 89sma and closed above. The 04:00-08:00 candle however closed lower below the 89sma with a strong possibility thet it will go down to the 200sma below. R:R worked out OK to the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 7, 2008Moving Averages — The price closed inbetween the 89sma and 200sma. Price is caught between 2 levels of support on the 200sma and resistance the 89sma. There is not enough room down to the 200sma to make the R:R OK. Look at the trade I did ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 5, 2008EurUsd — The EurUsd has given a TC for a short(allthough not a good signal) after the 08:00-12:00 candle. Market rhythm was excellent according to the rules. Closed below 21ema, then a pullback to it and then down to the 89sma. It was also a ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jul 3, 2008Thanks — I only take Interest rate news and NFP into account and don't trade them. I have found that more than aften that with other news the candles confirm the news that is coming as the news might have leaked out or being correctly ...
4 Hour Strategy (MACD)