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Phillip Nel replied Feb 14, 2008Anticipation — You are absolutely right. That is why anticipating according to the rules is so important and to trade only in that direction unless the market beggs you to trade the other way. But it has been difficult more in the sence of ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 2008Rhythm — The rhythm as I saw it since Tuesday. It has been discussed on many times on the thread. When comes from a down move and closes above the 21ema it tends to pull back to the 21ema and even some below it before moving upwards to the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 2008Daily Wrapup — Info Remainder was closed at BE.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 2008Looks OK — I had a look at your trade. The 1H and 30min pullback was not perfect but I think the decision was not bad at all. I never go down to 5min to look at pullback. Iwill look at 30min if 1H does not show nice but that is it. 30Min ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 10, 2008Same rules — Same rules apply. But if you are wrong with your first 2 trades, will you be able to survive. If money management and Risk to Capital is maintained you will do good. The risk can be as large as 300-500pips
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 10, 2008You sure can — Yes. You can use the longer timeframe to determine possible direction. Then you only look for TC setups in that direction on the 4H. You cannot go wrong with that approach. Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 9, 2008Thanks — This was a huge task. Thanks for all your efforts and those that are typing the Mp3's. Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 6, 2008Re Enter — I have for instance closed my EurUsd remainder position just now for +172 at 1.4641 on 50%. First 50% closed for +25. The candles does not indicate a definite continiuation of the downmove so I closed out. Will look for a TC with ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 6, 2008Daily Wrapup — I am still in the EurUsd trade with 50% of position. Stoploss at 1.4682. Have shifted it a little up just above the 200sma.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 5, 2008EurGbp — The bullish candle was eliminated by that huge bearish candle yesterday so the emotion was very mixed. The upmove as indicated by the thick black arrow did not happen due to that bearish candle. So the sentiment according to me was ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 4, 2008Info — The EurGbp had a huge bar up and then a huge bar down. Clearly uncertainty. The only thing positive is that it has broke through the 89 and has pulled back to the 21 for a possible TC and it is on support of the up channel it is in. I ...
4 Hour Strategy (MACD)