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Phillip Nel replied Mar 22, 2007Stop to Breakeven — The moment I have 6pips clean gain in my account I set to breakeven.
5Min Intraday System
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Phillip Nel replied Mar 21, 20075 Min Strategy — That was fine as the price did not close higher than the previous high indicating a run out of steam
5Min Intraday System
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Phillip Nel replied Mar 21, 2007UsdChf — Yes. Only on demo. Testing it. TP at 2180
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 21, 2007Well Done — I had the same two trades on the UsdJpy
5Min Intraday System
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Phillip Nel replied Mar 21, 2007James16 thread — Thanks for the answers to Pips. The mentioned thread helps a lot with the emotion of the market around support and resistance. A must to read. For those that did not please read it.
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 21, 2007Maximize — If the move is strong I will take 50% profit and set the rest at breakeven. If it retrace back into the zone without triggering my breakeven I re-enter the other 50% and take 50% again till the remaining 50% is closed at breakeven.
5Min Intraday System
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Phillip Nel replied Mar 21, 2007Well Done — That was a perfect setup. 21EMA was above 0.1. Profit at least 10pips
5Min Intraday System
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Phillip Nel replied Mar 21, 2007GbpUsd — The possible RT look perfect should it be completed. Still long way to go. Nothing wrong with your decision. 1Hour TC looks OK. I will get breakeven as soon as possible
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 21, 2007It will work — It will work when the market is moving to get in early in the move
5Min Intraday System
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Phillip Nel replied Mar 21, 2007UsdJpy — I have added 3 pips to the take profit and stoploss as the UsdJpy easily gives 13pips gain per trade. You can enter at the 21EMA and it is the better position especially if the previous candle closed there about. The angle of the ...
5Min Intraday System
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Phillip Nel replied Mar 21, 20074 Hour Strategy — The candle formation I was refering to in the James16 thread is the pinbar. I use it as a 3 bar Head and Shoulder formation. Update Got breakeven on UsdChf.
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 20, 2007100% — Nothing wrong with your analyses as well as profit targets. It was a week long pullback with the price making a round bottom. Trendline above is from around 1.3325 to 1.3333 so be carefull as it is major one. Maybe a double top could be ...
4 Hour Strategy (MACD)
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Phillip Nel replied Mar 20, 2007Trades — It depends on the looks of the price action. Normally when I come home the market has already run for the day and are busy with a retracement and I then apply the rules to the retracement move.
5Min Intraday System
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Phillip Nel replied Mar 20, 2007MP3 — I have answered in the MP3. If you are familiar with the price action off the 50SMA and the price approach the the 2 testings of the 50SMA it was a setup but not according to the rules of the 5Min strategy as the 21EMA was not above 0.1
5Min Intraday System
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Phillip Nel replied Mar 20, 20075 Min Strategy — This system should work on any timezone as it is the action of people.
5Min Intraday System
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Phillip Nel replied Mar 20, 2007Vertical Bars — I dont use them at all. Only when the 21EMA moves below -0.1 or above 0.1 I look for an entry.
5Min Intraday System
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Phillip Nel replied Mar 20, 20075 Min Strategy — There would have been a wrong trade on the GbpUsd at 9:55. I missed that on the MP3.
5Min Intraday System