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Phillip Nel replied Nov 5, 2007Trades made since Oct2007 — Here are the trades I made since Oct2007 of which I think only 2 was not done live on the thread due to working conditions not allowing me to put it on. I have not kept book. Some of those trades were done live on ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 5, 2007That was the correct bar — I agree that bar was the correct one. It is the stoploss size that would have kept me out. One could have taken it and set the stoploss to below the body of that candle as the tail show buying pressure. I just wanted ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 2, 2007TC Trend Continuation Pattern — I would like to emphasize something about when to take TC patterns. First of all the safest is off the 21EMA because then the market is trending most of the time and then off the 89SMA and then off the 200SMA. I ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 2, 2007Relation — How does this relate to your post about not so easy. I am a bit confused now. I looked back as far as 1989 and could not find a year that did not trend but was range bound for 1year. The worst was 2004 for 6 months. I will do a TC ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 2, 2007The Power of Breakeven — Hi If you could close only 25% of those losing trades on Breakeven you will be amazed what it does to your average. Very important to also know when to go to BE and when to give a position still some chance
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 2, 2007Daylight Savings Time — Thanks. I was still novice with the timing issue(not that I am en expert now) but that was on my computor time 1hour later due to DST. This past monday the candle time still shows 08:00 on my platform but it is actually ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 2, 2007Thanks — Thanks I know this is a risky trade on a Friday with NFP coming out. I just want to be in it(small though) if the MACD move currently is supporting the news that is going to come out. That is why I am watching it live and have my S/R ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 2, 2007Long on EurUsd — I went long on EurUsd. Support on Supline 5 times Zero bounce 1Hour has given engulfing candle off the 89SMA(Added later when I looked at 1H) Entry @ 1.4453 SL @ 1.4416 TP 1 @ 1.4490 (1.4500 is strong resistance.) Will give ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 2, 20074Hour System — Hi I don't think we must use this thread for those type of trading as it is a different and risky type of approach which can cost a new person coming in his whole account when trying it. The purpose of this thread is to give the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 1, 2007Different closing times — Hi it looks like we have different candle closing times as per broker. Mine is GMT+2. Therefore MACD difference Phillip
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 1, 2007Trailing your position — When you could enter in the beginning of a trend then the 21EMA can be used as a trailing stop on 1lot while another lot can be used to take partial profits at certain levels and re-enter at TC with that second lot ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 31, 2007EurUsd — Price is stalling at the moment. I was hoping that the MACD did show some "leaking knowledge" this morning but it looks like we will have to wait for the rate announcement. I am closing my position at 1.4450 (-8pips)
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 31, 2007Excellent — Thanks Pips for an excellent answer. It all boils down to your own profile and risk tolerance as well as your plan as well as your personality. All need to be in harmony. I know people working on I-beams 10 stories up in the air ...
4 Hour Strategy (MACD)
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Phillip Nel replied Oct 30, 2007Thanks — Yes I am trading it live but with very small funds(mini lots) with InterbankFx. Was live with a SA broker but that went bankcrupt. Got my money out luckily after a tipoff. I did not have internet access during working hours that is ...
4 Hour Strategy (MACD)