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Phillip Nel replied Feb 17, 20074 Hour Strategy — Sorry. I misunderstood your question. I was thinking of another trade. When I am in a position that turn out to be in a trend I try to hang unto it as long as possible. As the price pull back to the 21EMA in a trend I set my ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 17, 20074 Hour Strategy — Some market rithm. The target as the price found support on the blue A,B,C line are the red 2-200 line. Hope this help in understanding the motion of the market especially when it is trending.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 17, 20074 Hour Strategy — 1. I never add to a position because I can add to a losing position. And then their is the emotion of greed if it goes well and then you risk more than 5% of capital. 2. If you risk 3%-5% of your capital on a single position ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 17, 20074 Hour Strategy — The 1.2802 is the 1.2800 price level horizontal line. I just put it as close to 1.2800 as possible otherwise I have to go to its properties and set it there. 1.2805, 1.2800, 1.2795 for me OK. I dont work to the exact pip on ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 17, 2007EA — Thanks Have made my first positive deal on the GBP Friday. I still look at the graph and when the motion to the setup looks good I turn on EA and it does the rest. Only took 7 pips gain but I have set the tp and sl accordingly. Good luck ...
5Min Intraday System
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Phillip Nel replied Feb 17, 2007Attachments — If you go to Forums and then Trading Systems you will see that little paperclip inside the red circle. If you click on that you will be able to acces all the attachments on the thread and save them to your Computor. If you go to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 17, 20074 Hour Strategy — It works on any timeframe. Even 1minute bars. Go and test it and you will see.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 17, 20074 Hour Strategy — Yes you can. I use this strategy on my stocks trading. I use a weekly timeframe for my long term and a daily timeframe on my short to medium term stocks trading , and when the price goes up through the 89SMA I wait for a ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 16, 2007Pdf Documents on 4 Hour Strategy — There are a lot of questions ask that has been delt with on the forum. I know that there are 50+ pages to read. If you really want to make an success you will have to read through it all. Discard what is not ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 16, 20074 Hour Strategy — Here are my analyses of those trades made in May2006. 1. Remember that when the price is trending it tends to come back to the 21EMA before continuing the trend. If you are in the trend you dont want to counter trade the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 16, 20074 Hour Strategy — No. I will never do that. I will take my loss and that is it. there are times to do some hedging(counter positions) but that is a total different strategy.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 16, 20074 Hour Strategy — I cant remember the post. If you came this far by not reading from post1 up to now and have not done the Exercise.pdf you will not be able to understand or trade the MACD system.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — If you work through the Exercise.pdf you will see their importance
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — Just got stopped out on 1.3145. Breakeven. 1. MACD might give a continuation pattern should this bar goes up to the trendline. Be carefull. Give it rope to show its colours.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — Shooting stars is what I learned they are called and I have noticed some names like adam for the opposite ones.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — EurUsd 1. MACD gave signal end of 8:00 to 12:00 candle at 1.3133 2. Stoploss = above resistance = trendline = 50+ pips or 1.3200 = +70 3. Target1 = 1.3100 = 33 pips 4. Target 2 = 21 EMA1.3067 = 66 pips Action. If you want to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — The 8:00 to 12:00 candle gave a signal on the MACD. The candle was over 100 pips. If you went short there the safest stop was above that 100pip candle and then you had to make 100pips to get a 1:1 ratio. Not for me. I never ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — I don't really knows how they operate and how they do it. I just noticed that there is a tendency to do the same thing over and over again. Tails. I watch them with a magnifying glass.
4 Hour Strategy (MACD)