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Phillip Nel replied Feb 25, 20074 Hour Strategy — 1. I normally uses the 4hour and the closest high/low to the price action to draw the Fib. 2. I uses the one with MT4 3. I sometimes use Pivots but that is very often. I prefer Fib if there is no MA's to set target.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 24, 20074 Hour Strategy — The times I mentioned is based on my time I can trade due to working hours I dont have internet access. If there is a signal at the end of any 4hour candle you take it if it meet the criteria of R:R etc.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 24, 2007Market Rythm EurUsd — I have done it a little finer so you can see the rythm better with the green lines I inserted as well as the breakout direction channel. See how the price moves around these two coloured channels in more or less equil ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 24, 2007Market Rythm EurUsd — Look at this one of the EurUsd. I dont hope I am making it more difficult for you people as that is not what the intention is. I want you to experience the rythm of the market so that you can flow with it expecting where ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 24, 2007Market Rythm AudUsd — Some more market Rythm
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 24, 20074 Hour Strategy — I allways set some profit aside (mentally and emotionally)to risk in the next trade. Their money not mine.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 24, 2007EurJpy — That pair is in a strong uptrend. If you go short as the rythm has shown just be aware of the 21EMA as a support for a trend continuation. The EurJpy is in a channel since the beginning of the year and at its upper limit and if the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 2007Face — Just thought I will show how I look like. So be aware.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 2007Rythm — This is how I see it. Looks good to me. Just be aware of the 21EMA for a uptrend
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 2007Indicator — Upload this to c:\program files\metatrader 4\experts\indicators
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 20074 Hour Strategy — Very well done. Remember to do you analyses according to MACD signals and then set up your plan as to how when and if and then execute it.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 20074 Hour Strategy — If your breakeven is at 1.3147 it will bo OK. Even if you are taken out you at least had a chance to ride the wave should it goes. Remember to reward yourself and take a few pips gain even if it is 5 pips.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 2007EurUsd Trendline — Something about the difference in trendline of the EurUsd
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 20074 Hour Strategy — I dont trade the 1hour with the 4 hour MACD setings. It gives to much false signals. The 4 hour is one of patience. I will be happy if I can only make 6 trades per month and have all six correct. The 4 hour might be giving an ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 2007Breakout Positioning — See a couple of posts back for the chart and Mp3. If there is room to the trendline to have at least 15-20 pips you can take it on but with the purpose of positioning yourself for a breakout trade. Set stoploss to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 20074 Hour Strategy — Depends on the profit you have on the table in this position. If I had more than 20 I will take partial and set the rest at a level that still give me the oppertunity should it move further. Have a nice weekend
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 20074 Hour Strategy — [quote=DireXiv;226511]Thanks Phillip! Looks like I may be ok on this. Thanks for the reinforcement twoeleven... we're riding this baby down. History of the past two downtrend have been large... so anyone looking to get in may ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 20074 Hour Strategy — [quote=Tw0eleven;226513]Thanks Phillip! Something happened the last two days...almost like a light went off in my head and I'm starting to see things more clearly. And I'm getting my confidence back. Your system is great and ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 23, 20074 Hour Strategy — [quote=Tw0eleven;226499]I have been watching/waiting for this one too. I just entered at 1.1588 short. MACD gave a sell signal, price bounced off the 8&21 ma's and I believe it's making Leg2 of a down continuation pattern. I ...
4 Hour Strategy (MACD)