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Phillip Nel replied Dec 6, 2007EurUsd short — I went short EurUsd. Hanging man and shooting star off 21ema on 4H. Early on 1H after strong 1H candle Entry 1.4606 Stoploss 1.4644 1st TP 1.4540 Edit 1 Got stopped out at 1.4644 Afterthought 07:00 I went for an early 1H entry ...
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 6, 2007sHs — Very nice observation. I think the 200sma will determine if it is going to stop it should it go in that direction. If there is a pullback to the 21 and a TC on MACD I will hop on board and try to stay to go with it should it go through ...
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 6, 2007Ouch!!!!! — That is where my TP are. I intend to go there. That engulfing candle off bottom support made me pull the trigger. Currently the price is at 50% Fib retracement of latest downmove. So I really took the waves on. But I have my ...
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 6, 2007EurUsd trade — I entered EurUsd long. Strong engulfing closing above 200sma. Aggressive turnaround. I was waiting for a move above the 12:00-16:00 candle at 1.4636.(Just to make sure the 200 is getting support and not resistance) MACD was at ...
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 6, 2007UsdJpy trade today — TC off the 8ema with a morning star. Long Entry 111.14 Stoploss 110.75 TP in full at 200SMA 111.60 Will go to breakeven after 25pips Edit 1 I am not comfortable with the motion(for the last hour and half) at present on ...
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 5, 2007EurUsd — Spinner plus hanging man plus engulfing down candle with MACD confirming and moving below 89. Perfect. 1st target was 21ema and 2nd the support line above 200sma.
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 5, 2007GbpUsd — Best place to enter as the motion was confirmed on MACD with relative small candles. Bottom support line was a concern just before breakout
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 5, 2007UsdJpy Trade today — Usdjpy Set alarm as possible RB might bounce off the 89sma. As discussed on the thread in Mp3 04:00 RB off the 89sma with 2 x Engulfing candles Entry 110.06 Stoploss 109.62 below 89sma 1st TP 110.45 2nd TP 111.09 or 111.71 ...
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 4, 2007Not Zero Break — That is not a true Zero Break on MACD. It might work out but I like a ZBr to be over 3 but most 4 bars. There were nice tails to the top so the deal could have been taken on the 12:00-16:00 candle close.
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 4, 2007The signal candle — Tha candle moving away from the breakout level has to be firm. If MACD confirms it is a bonus. One has to look at previous pullbacks to get a feeling for it.
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 3, 2007Breakout Pullback Trade — Info Just another way to get a few pips in the pocket. When price breaks out, allways wait for a possible pullback and confirm with shorter timeframe like 1hour.
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 2, 2007Money management — With a starting capital of $2000 and risking only 3% of your capital you can have 22 consecutive losses and still have 50% of your account left. Makes you think why people lose everything in a couple of trades.
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 2, 2007Live trades — Hi I have decided to try and find the places in the thread where I have published some of my live trades. In October a lot of trades was done on Skype so I havent published them on the thread. As you can see on the attached ...
4 Hour Strategy (MACD)
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Phillip Nel replied Dec 2, 2007"Tail on signal candle" — Hi The whole trade was done live on the thread. see Post 8846 Page 590. Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 29, 2007Live Trades since Oct2007 — Unles there is a very good signal still coming I am finish for the month. Has been a up and down month for most pairs. But still up more then 300pips for the month and more than 300/month overall. Thanks for all the ...
4 Hour Strategy (MACD)