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Phillip Nel replied Feb 14, 20074 Hour Strategy — The tsunami has hit. Look at the bigger picture What a move. The emotional buildup was high over the past 5 weeks. Luckily we entered at an early stage last night with the Gbp. Although the chart I gave is the EurUsd one the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 2007EurUsd — If the EurUsd is going to break above the T/L it will either comes bck to test it or it will come back to the 21EMA and then goes North. We are above 89SMA so the mood is bullish, The rule is that it might pull back to the 21EMA ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 2007Gbp Position — 1. Gain 19 pips. Set stoploss to breakeven 1.9440 2. Profit target 1.9488 (Just a feeling. No calculation) 3. Set 20 pip trailing stop. Going to bed as I have a free ride. Need some rest. Wont be able to watch it live. 4. If you ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 2007Yes countertrend. Gain already 16pips. Price halted at 8EMA as previous 2 candles. Set stoploss to -5pips 1.9435.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20074 Hour Strategy — Usd - Nothing yet. I missed the deal at 8:00 GMT this morning due to working conditions. Gbp 1. Double lower high 2. Long signal 3. First target 365EMA + 21EMA + price level 1.9490-1.9500 = +45pips 4. Stoploss below 1.9400 = ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20074 Hour Strategy — Yes. Just downloaded it and works perfectly. Thanks
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20074 Hour Strategy — My MACD values shows it -0.00323 and -0.00322. You could have taken it on based on the double higher low forming even if the two MACD were the same. It is a matter of that feel inside as well with border cases like this one. ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20074 Hour Strategy — It look like after the previous rate increase it went its own way. Treat it with what you see in front of you as a stand alone
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20075 Min Strategy — That is exactly the times you can expect a movement. Dont have to be there all the time. 3-4 Hours max. if you sit all three
5Min Intraday System
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Phillip Nel replied Feb 13, 20074 Hour Strategy — Great. Your stoploss was also smaller and you gave yourself the chance of a big move. Even if it bounced of the 89SMA you would have known and being prepared for the opposite move and could cut your loss early and went with ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20074 Hour Strategy — Gbp Nothing prevent it from doing that. We are heading for MACD double higher low. 1.9500 Can very well be in sight after this 4 hour candle on Gbp if MACD shows long signal. All depends on the size of this candle for our ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20074 Hour Strategy — Here are my chart. Look at the tail 4 candles back. Only the 89SMA had to be overcome to continue the up move.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20075 Min Strategy — I also were looking for a short trade of the 89SMA. If you look at our round bottom you will see that if the price went above 89SMA I would have long it to the 200SMA with portion profit and the rest to trendline. The candles ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20074 Hour Strategy — Remember that the MA's are only barriers. If there was a trend continuation it would have been at or close to the 89SMA. You took the long at exactly the perfect place after a perfect round bottom. I would took it above the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 13, 20074 Hour Strategy — Sorry. I ment the price movement overall not smooth. The MACD gave nice round bottom. 89SMA was the barrier. I knew the Gbp is in a downtrend and was looking for the EurUsd to follow. The 4 hour candle before I went to work ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — GbpUsd If the 365EMA was 35+ pips away I would have went long 2 candles ago. It is only the 365EMA and 1.9500 pricelevel that prevents me. It might turn out a true sHs (does not look that well) but I am to aware of the fact ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — They sometimes move together but lately not.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — It is getting very interested on the Gbp. Last three candles have tails pointing up and on them alone is forming a head and shoulder formation. More reason to wait. EurUsd starts to show nice round bottom prospect. Will see ...
4 Hour Strategy (MACD)