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Phillip Nel replied Feb 22, 2007Gain For The Day — 1. EurUsd = 19 2. Gbp = 42.5 5 Min Strategy 1. EurUsd 2 trades = 19 Total for the day = 80.5 pips
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — Well done The market is difficult now with small gains. My point is that by entering the market you must give yourself the chance of a big move but at the same time secure some profit if it does move a bit and turn around. By ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 2007EurUsd — Was stopped out @ 1.3106 Entered at 1.3127 @ stopped out at 1.3106 = 19 pips gain
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — That would be the perfect scenario. Even if the MACD is going to give a round bottom there is not going to be space to the 21EMA for some profit with a good R:R ratio. I will favour a test of the 21EMA and then a downmove to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — The MACD has given us its feeling with it going zag zag over the zero line between the 15 horizontal lines. That tells us there is some tsunami building up. There is a tail upwards and one downwards telling me that the going ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 2007EurUsd — Have set stoploss at 1.3106 I still expect further downmove to 89SMA. Update: See post 1000. Could have run into support
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — It was put in manually. It is not automatic or part of the system.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 2007GbpUsd — Got stopped out @ 1.9500 with 50% of position Entry 1 lot @ 1.9527 Partial profit 50% @ 1.9465 = 60 pips gain Stopped out remaining 50% @ 1.9500 = 25 gain Total = 60 + 25 = 85/2 = 42.5 pips gain on full lot.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — If you enjoy the mix of winning and loosing you are on the right track as it means that the winning is more than the losing and that is what it is all about. If your winnings in pips is more than your loosers you are on the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — If you refer to the red down arrow it is the candle Bizar_x made his entry after the MACD gave a short signal.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — It found some support at 1.3090 the low of 16/02/2007 more or less. I hav't look at the daily pivots but the rule says that when a trend is changed the price normally crosses the 21EMA and then test it again before moving ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 2007GbpUsd — Have close 50% @ 1.9465 (60pips on half position) and set stoploss to 1.9500 to give me the oppertunity should it break the trendline down.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — Nothing wrong with the MACD signal and your entry. I did not enter around there because of the emotion of the market and the size of the stoploss. The trendline could become support on a bullish mood up to that stage with the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 2007Stoploss — This is the right way at the beginning. First shy. I have also done that in the beginning. Taking partial profits at MA's and then set stoploss to breakeven makes the gain smaller as you split up your position. As you grow with the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 22, 20074 Hour Strategy — That was a perfect entry. Not so much the MACD signal as that was only marginal but the emotion around the setup. First target 1.3100 and then around 89SMA. I will give Mp3 later about this setup as well as the Gbp. The Gbp ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 21, 2007Other Pairs — While we are waiting on the EurUsd and GbpUsd for some direction, if someone have backtested other pairs with the MACD give us some feedback please. I see some people doing well on the UsdCad. Thanks
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 21, 20074 Hour Strategy — Just look at the tail on the UsdJpy. I dont trade the UsdJpy as yet. Busy with some backtesting. This is only to show how they take out the stops before going on with the trend.
4 Hour Strategy (MACD)