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Phillip Nel replied May 15, 200812:00 Candle — Candle closed with long tail. Difficult to set a stoploss as the candle does not hav a body. I will not risk very much so I will enter with stoploss set to 30 with half a lot only and add the other half later if a chance is ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 15, 2008EurUsd — My anticipation. Edit Mt feeling is that a retest of the 89sma might be on before the price will breakout if it is going to breakout. The MACD might not give a signal when it bounce off the 89sma if it does. I will watch the 1Hour ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 15, 2008Agree — yes. ZB looks like it is out. The current 4H candle starts to get huge. There was some heavy up and down movements of a couple of pips at the TL indication some orders being filled. Lets wait for the market to show what it wants to do. ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 15, 200808:00 Candle — EurUsd Gave TC on 0:00 candle that would have been a wrong deal. (luckily in my sleeping time)The first wrong TC in a long time. At the moment against the 89sma and top TL still there. Wait for breakout above TL or ZB for a ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 14, 2008Thanks a lot — Thanks for that. For me is the accuracy of the TC very important and the fact that your first target of >20 pips is reached 90% of the time you will get good pips on the second lot when managed well. Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied May 14, 2008TC on GbpUsd — I dont see any TC here according to the MACD system as teached on this thread. The graph I includes show how a TC according to this thread and the teachings that was given looks like. Going for quick 10-15 pips to support or ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 14, 2008Report — I had to report this as this is not a place to promote websites. And then people gets a virus warning. You had to sort that out with the administrators of Forex Factory first before posting.
4 Hour Strategy (MACD)
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Phillip Nel replied May 14, 200808:00 Candle — Nothing to report except lots of candle emotion buildup on EurUsd. GbPUsd is at bottom TL. Might see a move upwards with MACD giving a RB. Will trade that from a shorter timeframe if ir happens
4 Hour Strategy (MACD)
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Phillip Nel replied May 14, 2008Yes!! — That look totally different on my platform. With those spinner, doji, hanging man and all are small the odds was there for sure. With pips allready in the bank I will take the odds on.
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 200820:00 Candle — EurUsd gave a TC. Lets analyse it. R:R to 89sma as TP might be OK but that tail on the 4H is stopping me. Price is caught between two trendlines and the 89sma as well as 8 and 21ema. Price to much up and down so to much ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008See post 14734. We were just letting our minds go to see if we can get something that will help novice traders to lose less. It is not to say that you must apply this. It depends on your own way of trading. Even my way of taking 50% gain after 20-25 ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008That is the ideal — That is ideal. Very well done. If you stick to that you will never lose your account totally. There will be times of drawdown and bad patches but your risk of 1% will give you the chance to gain back again. If 1% of capital ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008Small candles — I like the one if your stoploss will be small due to smaller candles you enter with 2 lots.
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008Well done — That situation was putting the odds in your favour. If 10 such situations occur I think that 8 of them will work out. Well done.
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008Could be — Hi. it could bounce off the 89sma or just go right through it. Lets wait and see what it tells us with the next 4H candle. I see you have the 1H candle graph. Be carefull. Look at the 4H graph and see what it tells you.
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 200812:00 Candle — Huge drop in both pairs after the GbpUsd news. No 4H setup to trade. Let the market comes to you. We will see 16:00 candle. In the meantime the mode is downwards due to the news.
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008Agree — You are absolutley correct. The reasoning behind this is to find a way where novist traders can somehow minimize losses till some stage of maturity is reached while risking real money. When the 4H MACD system is used with confidence ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008You are right — You are right. The only benefit will be to have a second lot set to -25 stoploss to give it some room. That can be usefull to sometimes as I use that often to give my position some room to move yet get out BE if taken out. Edit ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008GbpUsd — " (RTTNews) - UK annual inflation shot up in April and stood well above expectations. Tuesday, a report from the Office for National Statistics showed that the consume price index annual inflation accelerated to 3% in April from 2.5% ...
4 Hour Strategy (MACD)