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Phillip Nel replied Feb 15, 20074 Hour Strategy — Sum reading stuff about Trade your PLan and Papertrading You will see I refer to market conditions that determine the type of ride it is going to be. See the conditions as supp/res , news, chart patterns etc.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — If you study the emotions around the turnarounds you will see their emotion as well as motion. Just look at the 4hour spinner that was formed with the previous candle. Haven't heard anybody talking about it. Could it be some ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — You are abslolutely right. When the trend is very strong the price does not allways pull back to the 21EMA but bounce of the 8EMA. If MACD confirm up bar close the deal is on.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — You can not outsmart them. It is impossible. The price moves where the demand is and they create it. You have to get in flow with them. That is what the Tsunami is all about.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 2007EurUsd — Can you tell me to what resistance have you worked out your Risk:Reward ratio when taking the deal. If it were the closest high your stop would have been 18 pips max. That was worth the risk for a full target to 1.3100 I would like to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 15, 20074 Hour Strategy — Stoploss were to big. See previous post.
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 14, 20074 Hour Strategy — This is where I would have made my deals on your chart. Does not seem to give more losses.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20071 Hour Strategy — I won't be able to handle a 1hour strategy as well at this stage. Maybe later when 4 hour is on standing feet.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — Your observation was 100% filled with confidence. You measured the daily emotion with that doji and support of 89SMA. All those observations coming together just strengthens the MACD signal.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — GMT+2 Get on the buss just before the close of eastern session. That is normally when there is some movement.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — If it breaks up above trendline then 1.9700 could be on. If you are not in a position now it could be dangerous to try and get in. Stoploss must be well out of the way. I will wait for a possible testing of the 89SMA and ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — Absolutely true.!!!!!!!!!!!!!!!!!!!! See PDF document on Trend trading with MACD
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — Most definitely. On the 1hour strategy that is prime time trading. Unfortunately I am at work when that happens.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — Gbp went back to trendline and found resistance against it for the time being.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — I haven't tested the MACD with the current settings on this pair. I don't really know if it works on it. Do some backtesting first to see if settings suit it.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — No problem zooming out to draw some longterm trendlines. They are nescessary as they are support and resistance areas. When the MACD gives an entry signal this trendlines together with the MA's gives you the playing field ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 14, 20074 Hour Strategy — Going back in time an a daily, weekly, monthly chart to do some analyses must only be to set target levels after an entry has been made by the MACD strategy otherwise you end up making entries based upon other symptoms. The ...
4 Hour Strategy (MACD)