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Phillip Nel replied May 20, 2008On the road — Sorry, could not trade today. Was on the road the past 8hours from the holiday back home. See that 89 and 200 hold as part of the rhythm. Hope you people made some pips with that move upwards.
4 Hour Strategy (MACD)
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Phillip Nel replied May 19, 2008EurUsd — I went short just before the 12:00 candle close after the low of today was breached looking at a shorter timeframe. That tail on the 4H was not enough for me to take the odds on. But when the the price started to move towards the day ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 19, 2008a Little push — Someone has given the market a tiny little push. For some in the right direction and for some in the not so right direction. Hope it is currently in the direction you want. Edit Finally got some motion. Hope you got some pips. ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 19, 2008Not bad — That was not a bad approach at all especially with the 200sma in mind. Stoploss could be small(23 is what I would risk max) because that support line you had drawn there if that was broken by more than 15-20 pips the deal should be ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 19, 2008Quite — Very quite today. There were a few pips on shorter timeframe. The EurUsd we have moved between the 89sma and 200sma. Maybe another ranging period between those MA's. Trade shorter timeframes frome these Supp/Res areas. GbpUsd have ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 17, 2008Pullback — I allways wait for pullback. If it does not come within the first 20-30pips after the news(news have to be of such a nature that you must be quite sure the market will move) I walk away. It has to give me a chance within the first ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 17, 2008No indicators on 1Min — I use no indicators on 1min entries except the 21ema(on 5min 20ema-no diiference really between the two). The 21ema is my pullback reference from which I make my entries. Even the entry bar is not allways at close of ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 16, 2008Consumer sentiment — Much lower than expected. Worst for mid May since 1980 reports are saying. Therefore the move upwards. Hope you catch some pips on shorter timeframe. Got in on 1min after the news finding support on 21ema. Currently ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 16, 2008Sorry — Yes it was off smaller TF but also when the stats were released and it were better then expected and price came down to previouse candle close I took the odds on. I am still in the process of being in a trade if it breaks to the ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 16, 2008Tail — I took the tail on once again on better then expected housing start stats. This time full position.
Allready 50% closed for 25pips. Remainder set at -25 so that overall takeout is BE Entry was off smaller TF but also when the stats ...4 Hour Strategy (MACD)
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Phillip Nel replied May 16, 2008Thanks — Very usefull. thanks for the effort
4 Hour Strategy (MACD)
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Phillip Nel replied May 16, 2008100% — That is what I am trying to establish. To recognize the situation and be able to have a plan to trade it should it develope as a range.
4 Hour Strategy (MACD)
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Phillip Nel replied May 16, 2008365Ema — I did not do a thorough backtest but it looks like when the price stays at the 365ema it seems to go in ranging mode. Can someone do some testing on other pairs and see if their is any truth in it. If so than I will come with an ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 16, 200812:00 Candle — EurUsd I have taken the odds on with that tail again. Lower high away from top TL. Resistance around the 89sma for the 3rd time. This is a positional trade looking for the bottom TL breakout. Entered 50% at 1.5472. Stoploss ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 16, 2008Support resistance lines — I see no supp/res lines drawn. You must have them on your chart. It will keep you out of bad trades and confirm good ones
4 Hour Strategy (MACD)
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Phillip Nel replied May 15, 2008Short trade on EurUsd — Post 14832 has got the whole trade as it developed. That was the second 50% short that was closed at BE.
4 Hour Strategy (MACD)
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Phillip Nel replied May 15, 200816:00 Candle — GbpUsd is giving a TC. There are however to many tails up and down. I will sit out this one.
4 Hour Strategy (MACD)
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Phillip Nel replied May 15, 2008EurUsd Trade — Look like it will take out 2nd 50% at BE.
4 Hour Strategy (MACD)