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Phillip Nel replied Jan 14, 2008UsdJpy trade today — Total profit of 40+50 averaging 45
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 12, 2008Very well answered — Hi That was a very good answer. It just show you if you know that you enter not on MACD confirmation you have to be aware and awake an manage it very well.
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 11, 2008EurUsd trade today — Todays trade was a little trade in pips but it was there on the table. I expected it to go to the 21ema but it did not. I got 50% on +25 and got taken out on BE on remainder. Average +12,5pips. The main point I wanted to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 10, 2008Waiting and patience — Can you people now see how important it is to wait for the right moment when the market is moving along known paths as we have learn it here on this thread. Anything out of rhythm is lions country. you are going to get ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 10, 2008Lost out today — Hi I lost out today. We had a power save countrywide and our power was down during the interest announcements so no internet was available. i only saw the moves when I got home at 17:00 my local time Gmt+1. Good to those that ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 10, 2008My Local time — Hi I was still very new to different time zones when I wrote that document. That was actually my local time Gmt+2 and Gmt+1 at DST. At that time I could only trade those times due to working conditions. Since Oct2007 I can ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 10, 2008Very good — Hi Your observation is absolutely correct. By doing just that you will develope a sense when to trade off the 8ema and when off the 21ema when candle emotion shows you. The candle approach differs to each of them.
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 9, 2008Mp3 — On the 1H yes but on the 4H it was still within the rhythm and I know that the rhythm was true therefore I entered on 4H graph and not 1H. The 4H graph showed the move towards the 200sma. Even after the close the R:R was still OK to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 9, 2008Yes — If it indicates the end of the downmove yes, then position will be long
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 9, 2008Closing time — Yes. My candle has closed 2h30min ago while Interbank has closed 1h30min. 1Hour difference because I entered 1H earlier then your candle close because my candle has closed 1H earlier then yours. On Daylight savings time the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 9, 2008Daily Wrapup — Info Entered at 1.4683 Stoploss 1.4718 1st TP at 200sma 2nd TP at 89sma unless 200sma prove to be support Edit 1 50% closed at 1.4647. (was filled at 1.4648) Remainder set at BE Edit 2 Pullback missed my BE by 3pips on the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 8, 2008Correct — Thanks. You are 100% correct with your anticipation. Lets wait for the market to show what it want to do and only then we decide to take position. The current up and down is Tsunami time. Lets wait for the Market to show its cards in ...
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 8, 2008Thank You — Thanks Ira. To much indecision around the 21 and 8ema. Must wait for either a continuation of the trend or a reversal back to 89 or 200 whichever is the closest
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 7, 2008Internet Problems — Sorry we have some internet problems this side. Got in on the mobile but took 10min to open webpage. Will give some wrapup of trades people did today as soon as we are back to normal. Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied Jan 4, 2008Non farm payrolls — To those that trade the news today. You cannot trade the NFP on this 4H system. You need a shortterm strategy and a lot og nerves to due that. Remember next time not to trade NFP news. If you have an open trade then close ...
4 Hour Strategy (MACD)