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Phillip Nel replied Feb 21, 20074 Hour Strategy — Yes. But trendline resistance (that has already proof to be resistance) is to closeby so R:R not good. Will skip this one.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 21, 20074 Hour Strategy — I use previous highs, price levels and then Fibonacci and sometimes also pivots. My other one is that the EurUsd moves in beats of 60pips or half beats. So it is 30,60,90,120. If there is no other indication I will use the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 20, 20074 Hour Strategy — The evening star plus the MACD signals and the 8-21EMA flatten I thought it was worth taken it on. I said I think I went in to early. I just close the deal for breakeven at 1.3138. The MACD looks like a break through zero and ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 20, 20074 Hour Strategy — You are absolutely right. All the MA's together plus the priceaction narrowing something is kooking. MACD formation does not look healthy at this stage. It is in times like this that patience is really tested.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 20, 20074 Hour Strategy — Well done. Enjoyed that reading as well. One can read that at least once a month.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 20, 20074 Hour Strategy — It is frustrating. But the Gbp gave 20pips on the 5 min strategy at 15:15 and 16:05 GMT 10 each. It helps with the frustration. Good luck
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 20, 20074 Hour Strategy — I just came back from work and found that the Eur has turend around. I am very surpriced to that. Got stopped out on trailing stop at 1.3259 with entry at 1.3138 for 21pips gain. I was hoping for the trend to continue. It ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 19, 20071 Hour Strategy — I am running a 5min strategy thread as well and there I mentioned the 1 hour strategy that is part of my overall system and people asked me question on this 4 hour strategy thread through private messages as to which one I ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 19, 20074 Hour Strategy — Lets try again. Just landed the jet and cut the engine.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 19, 20074 Hour Strategy — Eur Did find resistance against the trendline. 8:00 Candle gave short signal with 20-25 pips to gain to 21EMA with relative low stoploss of 15-20 pips. Came back to the 21EMA. Moved away upwards. I stayed on the side line. If ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 18, 20074 Hour Strategy — Holiday might make it quite I think. Eur I dont like the gap up. Will wait for further MACD developement. Are against the top trendline. I was hoping for a openining 20 or so pips below the trendline to give a bit of a ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 18, 20074 Hour Strategy — Thanks. It makes it so much easier.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 18, 2007Weekly Update — Have a great and succesfull week
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 18, 20074 Hour Strategy — Nothing wrong with the rithm. It can come back down to bottom support again but it found support on the 21EMA which might be bullish. The question is how am I going to position myself to be part of the motion should it break ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 18, 20074 Hour Strategy — A candle pattern must just support an already made decision through other methods of analyses. Only my opinion.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 18, 20074 Hour Strategy — Sorry. I did read through your planning for next week and there is nothing wrong what so ever. As you have said a bit of indecision with the trendline above the price. The price went to exactly the 61%Fib as you have drawn ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 18, 20074 Hour Strategy — Typing takes to much time. Hope MP3 is OK.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 18, 20074 Hour Strategy — If it was like that for all charts 80% of the time then we will all make money. The setup is not allways perfect with crossovers as it has not shown its colours yet. If a pullback occur after an entry was made on MA crossover ...
5Min Intraday System
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Phillip Nel replied Feb 17, 2007Market Rithm — Some more market motions and rithm
4 Hour Strategy (MACD)