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Phillip Nel replied May 13, 2008Not triggered — If the price turns before the 25gain is reached and takes out your stoploss ar -30-45 pips the second lot order would not be triggered at +25 so you will only be stopped out on one lot as where we currently entered 2 lots and ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 2008Entry Management — While sitting here this morning this just jumped into my mind. It is a better way of managing the entry especially when stopped out without any gain. 1. You will gain 25pips less on the second lot as when you enter both at ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 13, 200808:00 Candle — EurUsd has hit 89sma resistance. It looks like that TL is still there as well with a testing of it and bounced away. i will wait for a break of the 89sma and look on the 1H for a possible pull back to 89sma and bullish move away ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Earthquake — My prayers are with all the people there.
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Live trades for May2008 — All these trades were done live on the thread as I am on holiday and trade every 4Hours live. The 08:00 12:00 and 16:00 candles(GMT+1) are the ones I trade. On the right hand side is the post and page numbers where ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Not BE — The price action was to close to Supp/Res with that TL there and the 21ema. I thought it would be tested therefore my decision to use the 50%gain as stoploss. It did work out.
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Orders filled on EurUsd — The price made some heavy(short movements of 3-7pips) up and down moves within a very short period indicating some orders being filled. I think we will see movement now. Up or down Luckily it was up. 1.5500 reached.
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Wait — This might be some waiting before it goes. 1.5462 is attacked once again. Some hard resistance there. Lets see if it goes. Edit 1.5485 to overcome then 1.5500 then 89sma. Hope you went to BE as previouse closeby high might be resistance
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Very good — This is so true. You endure an expence for the oppertunity to gain more then what you put out. It is like advertising. It is an expence but with the ability to bring in some good business. If you do the high probability setups your ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Yes — One has to be flexible. And I found that you can only if you know price action for the pair you are trading. A change in emotion and mood recognized as it happens can save or gain you a lot of pips. That sHs might be a change. Lets see ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008For sure — For sure it is your analyses that is going to make you right or wrong or sit out depending on the situation as you are fimiliar and comfortable with. Everyone will have their own level of comfort as far as analyses is concern. For ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Oppertunity — Agree. I have a chance should it break to the upside. New TL established with that 2 red circles. When price slowed down I expected it must have been from sort of resistance therefore my early close and the remainder set to -20 ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 200812:00 Candle — EurUsd I entered on the BOZ(very slight) but also the bullish signal candle. Trichet was speaking last week also indicating euro stability. Therefor bullish sentiment. Entered 1.5441 Stoploss 1.5391(max 50 for my risk profile) ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Quick turnaround — It is like hunting a lion and you have it in your vision waiting for the right moment to pull the trigger and all of a sudden it makes an unexpected move. What is the plan then. You must have an emergency plan as well. It is ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Very good — GbpUsd PPI 30% better than forcast. The turnaround was quick.
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Trading Bathroom — In stead of having a trading room one must change it to a trading bathroom.
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008What happened — I went to the bathroom and when I came back something happened.
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 2008Good — That was a good sell on your timezone. Bottom TL first target.
4 Hour Strategy (MACD)
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Phillip Nel replied May 12, 200808:00 Candle — EurUsd Very interesting as for the second time in a row it closed above the 21ema, pulled back to it and did not go to 89sma. The previouse one turned around midway and this one turned around. Will be interesting to see what is ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 11, 2008Agree — What I also found is that people are jumping around between currencies and timeframes searching for oppertunities and lose track of time or have a 5,15,30min trade open when the 4H give an oppertunity and they dont enter because they ...
4 Hour Strategy (MACD)