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Phillip Nel replied May 6, 200808:00 Candle — The GbpUsd graph was created 2min before candle closure. It has given a red TC bar on the MACD at candle close. I will enter on a retrace even that SL is less than 50.The reason being that we are in a triangle and price just ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 5, 2008Welcome Back — Welcome back and many pips to you.
4 Hour Strategy (MACD)
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Phillip Nel replied May 5, 2008GbpUsd — TC off the 21ema. SL to 1.9768. If to much try to enter on 38% Fib retrace I am just concern for a possible tripple bottom in the price 1st and 2nd of May with this candle. Lets see how it works out. Edit 1 Sorry. Was in a restaurant ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 5, 200808:00 Candle — EurUsd Price has pulled back to 21ema allmost. Price is in a downtrend so a TC will be the signal to enter. GbpUsd Price is at the 21ema. In a down channel. TC off 21ema will be signal.
4 Hour Strategy (MACD)
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Phillip Nel replied May 2, 200812:00Candle — Nothing for the 12:00 candle as far as EurUsd and GbpUsd is concern. Will wait for NFP. EurUsd up and down awaiting the NFP.
4 Hour Strategy (MACD)
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Phillip Nel replied May 2, 2008EurUsd — Price has moved above those candles and went to the 8ema as anticipated when it breached those candles. Next target 21ema. Position must be BE if you are long EurUsd
4 Hour Strategy (MACD)
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Phillip Nel replied May 2, 2008Nicely spotted — I also spot that therefore my hesitation for a possible high probability RB trade. Well done. I t has to go above those bars for an upmove to have validility
4 Hour Strategy (MACD)
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Phillip Nel replied May 2, 2008GbpUsd — Price made a TC for a short. There was a nice downcandle. Now let me work out my plan for this TC. The 21ema and above should be our stoploss area. The 89sma as not far above. So the price might go back to test either of them and to ...
4 Hour Strategy (MACD)
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Phillip Nel replied May 2, 2008EurUsd — Interesting situation on the EurUsd. Sitting on 365ema with a RB formed. Price is in a downtrend so a possible TC is on the cards in the next candle or so. If you want to take the RB on there might be a test of previous low a few ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 29, 2008EurUsd — TC this morning I dont see posts posted by people taking the TC on the EurUsd this morning in the thread today. I would like to know how many people did take this TC and are following this thread. There might be a lot of people ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 28, 2008Signals — You also had nice TC signals. Nothing wrong with the signals. May you make lots of pips. Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 28, 2008After candle close — Yes it might be going to the 21ema. I entered on the TC retrace before the candle closed. Now that it has closed and it did not go below previous candle low the possibility is there that it could go to 21ema. The fact that ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 28, 2008Large Candle Retrace entries — I have done March and April showing the large candles giving TC patterns and the retracement entries on those. There you can see that most of them did give positive pips. It is up to you if you want to enter ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 28, 2008Not live — I was at home today so I could do it. I am not online most of the time. Does have very limited internet at work. If I could be online I would enter on retracements more often. Another reason is it all depends on the rhythm prior to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 28, 2008MACD did confirm — There was a TC on the MACD confirming the trade. Stoploss was to big therefore I entered on a retracement. It is all explained in the document and several places in the thread. Large Candle Entry ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 28, 2008TC Minus Signal — Can you explain the TC minus signal. I took the trade on a TC but on the retracement thereoff as discussed in the manual to make the stoploss less.
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 28, 2008GMT-5 — This very interesting. I did not know there are people trading onGMT-5. How is the MACD signals in terms of regularity and pips gain compared to other timzones. Can you send me a jpg picture for the month of April so far. I would love ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 28, 2008EurUsd Trade — I am going to believe that long bearish candle by going short on a 50% retracement. The bottom TL will be my first TP as the price might find support there. Stoploss is at 1.5684 just above 80% retracement. This is a risky trade ...
4 Hour Strategy (MACD)