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Phillip Nel replied Feb 12, 20074 Hour Strategy — The first part refered to the EurUsd to go long to trendline
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — EurUsd have not shown anything yet. 1. No action GbpUsd shows a tiny round bottom backed by a not so perfect MACD inverted head and sholder. 1. Signal long 2. Target 365EMA and 1.9500 = +20 pips (Have already been ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — Wait for 4hour candle to close. Could be a head and shoulder on the MACD. Only then decide. 365EMA and 1.9500 price level barriers in the way. Wait,,,wait,,,wait.. Remember that we are in a downtrend on the Gbp. It broke the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — Look at the chart and work out the amount of pips gained or lossed in total over all the signals. Remember that countertrend trades are to the 21EMA area only. Check the R:R ratio. See where the trades are made with a trend.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — Sorry. The EurUsd and the Gbp also but with lesser extend.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — The 89SMA is the indicator for a trend. If price is below then the mood is bearish and visa versa. If the price is below the 89SMA and it pulls back to the 21EMA and gives a MACD trend continue signal that is when you enter ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — Watch the 89SMA and 200SMA getting closer to one another with all the other MA's inbetween. We are in for something. Sorry. The EurUsd and with lesser extend the Gbp
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — Well done. It was not that dangerous as you could have set your stoploss just below 200SMA at around 15 pips. If it broke through the trendline up you would have been in for a ride. It is not just to make 10-15 pips but to ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 12, 20074 Hour Strategy — The MACD made a run towards zero and then turn up giving a signal for long. 1. Signal was turnaround above zero 2. Direction = long 3. Where is resistance = ±20 pips away to trendline 4. Stoploss to below 200SMA or 1.3000 = ± ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 11, 20074 Hour Strategy — When the price is in the slow lane it does not mean that there is not going to be some movement. All it says is that before the price gets direction it tends to test that slow lane again. So when the price move away from the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 11, 20075 Min Strategy — Great. Will like to have it as well when you people are satisfied.
5Min Intraday System
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Phillip Nel replied Feb 11, 20075 Min Strategy — Both. As the 5 min is when I have the time to sit and after some news.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 11, 2007Live trades — Someone aked me about the live trades I made with this system. The only live ones I made with this system so far are the ones I have done and described in this thread and the live one in the manual. There were one made the 29 Jan ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 11, 20074 Hour Strategy — This has been adressed earlier. 1SMA or 1EMA remains the same. The time difference is with the broker closure time of their 4hour candle. That is why the closurs of your 4hour candle differs from mine. I am using Metatrader4 ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 11, 20074 Hour Strategy — [quote=tamkras;213833] That is why I say. Patience. You will get more than enough good chances.
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 10, 20074 Hour Strategy — A lower high in an uptrend is MACD divergence in most cases. A double lower high (MACD making two lower highs) in an uptrend is very strong divergence. So to make it easy, a lower high does not need much explanation and it is ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 10, 20074 Hour Strategy — [quote=fewhills;213802] You are absolutely right as it bounced off the 89SMA. But that trade was made just after a lower high MACD which made 100+ pips. The stoploss on this was 38 according to me. So 100 made, 38 lost, and ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 10, 2007Uptrend — Look at this uptrend and see how many signals were given and why the ones marked with a puprle dot was not made. Remember the rule is that when the price goes through the 89SMA and it pulls back to the 21EMA and then continue the ...
4 Hour Strategy (MACD)
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Phillip Nel replied Feb 10, 20074 Hour Strategy — Thats why it is not nescessary to chase every signal of the MACD of 5 currency pairs. 8 trades per month will give 300+ pips. One currency pair gives between 8-12 signals. If you trade only the top 5 signals you will get ...
4 Hour Strategy (MACD)