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Phillip Nel replied Apr 18, 2008Agree — Agree. You can see the reverse quicker and bail out
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 18, 2008Strange — I agree. Luckily stoploss size helped on 4H but for those anticipating 1H entry it doesnt
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 18, 2008TC — Both your ? is no TC. The MACD does not show TC
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 17, 2008Pleasure — My pleasure. I think there are other people that might have seen it the same way as you. The word countertrend or trend continue should actually be counter move and move continue indicating the current directional move. I just dont ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 17, 2008TC — That was a TC. Your TP to the 89 was correct as there were a TL as well. I would have given some fraction a chance to see it it breaks through. But you did OK I was not live today. Stoploss would have been to large +70pips and there was ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 16, 2008Zerobreak — MACD goes through zero for max 4candles then turnaround and give signal candle. See graph. Todays EurUsd signal was a very small zerobreak. I will call it a Zerobounce rather.
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 16, 2008EurUsd Trade — The triangle indicated a possible breakout to the top so did not take profit at TL. Stoploss just below the TL.
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 16, 2008BOZ — Zerobreak and Zerobounce are strong signals. Especially if they occur around the 21ema. Unfortuanetly the TC after some strong news are with a big engulfing candle. What you can do is do backtesting on it and see how many gave positive ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 15, 20083 Sisters — You closed at the breakdown of 3 sisters. That type of formation is a +90% success
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 13, 2008Opened — Hi Just opened it on my side. Looks fine. Hope you get the problem.
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 13, 2008Good — Nothing wrong with it. I like those intermediate lines of support and resistance.
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 13, 2008Emotions — This article was written for stocks but is is also true for Forex and any trading. Making your decision while the market is closed as with stocks it simply means not to be distracted by the motion of the market. MT4 allows you to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 11, 2008BE — Hi. Set the one lot at 20pips take profit and the second on a 20 trailing stop. When the first one is triggered with a 20 profit the second goes to BE and trail by 20pips
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 10, 2008EurUsd — Look how price turned at the upper TL.
4 Hour Strategy (MACD)
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Phillip Nel replied Apr 9, 2008Not Yet Closed — I am still letting it hang on. Will close if it finds resistance against TL. Switched to 1H to see if resistance is forming. Will post picture when I close. Edit It ran through the TL. Is getting stuck at 1.5850. Closed at ...
4 Hour Strategy (MACD)