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Phillip Nel replied Feb 27, 20074 Hour Strategy — My MACD has not shown a counter trade yet. If yours have than it would be the place as we have a midway 1.3250 barrier so 1.3260 would be OK. Profit target could be 1.3200. I will be very cautious to take a short trade as the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 27, 2007Rules — Exactly as said above. 1. Write down the rules of the system and KNOW them. 2. Treat every backtest as if it were a live one. 3. When to many losers apear try and find the reasons. Most of the times we had the direction correct but our ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 27, 2007News — I said Horizontal lines intead of Verical Lines. Sorry
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 27, 2007News — Just something to know what news comes when and to put it in a horizontal line months before the time. I put the weeks main news on Hor lines so when the time approaches the line will tells you so. Forgot the image. Will post it
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 27, 20074 Hour Strategy — Yes. I normally move my stop to just away from the 8EMA for if it does not penetrate all the way to the 21EMA and if it does go to the 21EMA I put my stop inbetween to give it the chance to go below 21EMA and if it goes below ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 27, 20071 Hour Support MACD Strategy — This strategy gives good signals on the EurUsd at the end of the Asian and beginning or during London period. It also gives you another chance or two to enter the market should the news be favouring the trend.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 27, 20071 Hour Support MACD Strategy — Remember that the 1Hour is not a stand alone strategy. It is with the 4hour MACD. It only gives you the oppertunity to get in earlier on the trade. I use all three. The 4hour MACD the favourite but also the 1hour ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 27, 20071 Hour Support MACD Strategy — The 1 Hour Strategy that Support the 4 Hour MACD
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 27, 20074 Hour Strategy — Well done. Dont try to force a trade. Let it come to you, evaluate the odds, support, resistance, trendlines, R:R etc etc. and if good pull the trigger.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 26, 2007Time — My 4hour candle have closed 57min ago for 20:00. I am GMT+2
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 26, 2007EurJpy — Be carefull. Check the previous downmoves. If price breaks below 21EMA it tend to test it again before moving down to 89SMA.(Standard rule) The signal was the 8:00 candle with first target at 21EMA and rest at 89SMA. The previous ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 26, 2007GbpUsd — Good. At least you give yourself the chance should it breaks down. Remember that according to the trendline I have we had a breakout on Friday and the price tend to return to the breakout level before continuing its course in this ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 26, 2007GbpUsd — I just have a feeling that if it breaks down below the trendline and 1.9600 it is going to ignaore the 21EMA and will go to the 89SMA. There is two tails showing upwards including the current candle. They are not significant but they ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 26, 20074 Hour Strategy — That was the strategy. Well done. 20-25 Pips to the 200SMA. Wait for trend continuation pattern.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 26, 2007GbpUsd — It is fighting 1.9600, 200SMA (at the moment)plus trendline to confirm a short. I feel it wil have to show very soon which way. If you have some pips gain protect it against a loss should it turns upwards. There is a lot of emotion ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 26, 20074 Hour Strategy — Which pair are you talking about. Thx
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 26, 2007GbpUsd — The 0:00-4:00 candle was the signal candle with first target to 200SMA. 20 Pips was on the cards. I was in bed at that time. Update: Price level should be 1.9600 on the chart.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 25, 20074 Hour Strategy — [quote=mparker;227534][quote=Phillip Nel;227518]1. You are absolutely right if a system uses just one indicator you can have a lot of wrong signals if you follow the rule and does not have filters. 2. That the MACD is lagging ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 25, 2007Just one Indicator — 1. You are absolutely right if a system uses just one indicator you can have a lot of wrong signals if you follow the rule and does not have filters. 2. That the MACD is lagging is also true. I prefer to catch the middle ...
4 Hour Strategy (MACD)