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Phillip Nel replied Mar 24, 20075 Min Strategy — 1.After the purple circles the price did not make a lower low for a third time that is why I would not have entered. 2.Entry should be made as close to the 21EMA as possible. When the move is quick halfway between the two is ...
5Min Intraday System
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Phillip Nel replied Mar 24, 2007No problem. The same is valid for 00 (1.3600 etc)pricelevels. If there is support or resistance like trendlines, previouse high/low being tested at these levels it can be use as entry points. I wait for the MACD to give a signal and if it is at ...
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 24, 20075 Min Strategy — They dont all look the same. with time you will get a feel for them. They are very powerfull on the GbpUsd. Sometimes it is a tripple top with nice round tops, sometimes the shoulder angle is up while it makes lower highs and ...
5Min Intraday System
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Phillip Nel replied Mar 24, 20073 Sisters — Not allways. As long as the third one is formed above the shoulder line(the black line I draw on the chart) it is OK. I will post a few to let you people see it
5Min Intraday System
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Phillip Nel replied Mar 24, 2007Very well said — 1. This just about sums it all up. Doing trades when MACD goes through zero you go with momentum and asume it will continue which it does 60% of the time. Just remember not to jump around form currency to currency as the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 23, 2007Gap down — I dont trade gaps on its own. The 3 sisters put the odds in my favour. I love the 3 sisters on the 5min together wit the zone trading. I just had confidence to enter early. Did not wait for the zone entry signal. The second trade I ...
5Min Intraday System
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Phillip Nel replied Mar 23, 2007Todays Trades — I was offline with broadband but manage to do 2 trades on GPRS. That gap down after three sisters was a certainty.
5Min Intraday System
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Phillip Nel replied Mar 23, 20075 Min Strategy — That trade at 12:30 if taken after it turned around would have cost me 3pips only. That was the only trade on the E/U for the day so far
5Min Intraday System
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Phillip Nel replied Mar 22, 20075 Min Strategy — It was one of those setups that looks OK eventually. Look at the 21EMA flattening out. If there is no movement in 5-6 bars get out as close to breakeven as possible.
5Min Intraday System
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Phillip Nel replied Mar 22, 2007MACD Trendline — It can be very usefull. You can use them as part of the emotional part of the trade decision as it shows a building up and the turning and or breakout points. Just another weapon that is in harmony with the 4HourMACD
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 22, 2007EurUsd — I took this one when I got home from work this afternoon. It was after the second red MACD but the price retraced nicely so I could get in with low risk. Entry 1.3360 S/L 1.3390 T/P 20trailing stop. Had to go to town therefore ...
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 22, 2007Three little Sisters — Hope you saw it. Just took 12 pips
5Min Intraday System
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Phillip Nel replied Mar 22, 2007News Trading — The fast movers I use the 1min and the others the 5min. I enter live. Sometimes with the first deal when the market is quick I dont get it but remember that it is on a retacement into the zone that you enter and then the market ...
5Min Intraday System