- Search Energy EXCH
-
Phillip Nel replied Feb 10, 20074 Hour Strategy — [quote=tamkras;213788]here is another one[/quote Well done. That is the motion part of the price action showing its emotion.
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 10, 20075 Min Strategy — It looks good. I like the hor lines to prevent you from making deals early in the move and towards the end of the move. It helps you get the meat of the move. Well done and thank you.
5Min Intraday System
-
Phillip Nel replied Feb 10, 20074 Hour Strategy — When the price move through the 89SMA and break a trendline and pulls back towards the 21EMA and then continue the trend it is a sign that we might be in a real trend. The 8EMA shows that the price is below on a down trend ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 10, 20074 Hour Strategy — I agree 100%. The only thing that got me was the third support on the trendline together with MACD long signal. I would however only have entered above the 200SMA. That would have kept me out of a wrong deal.
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 10, 20074 Hour Strategy — Fore sure that is the case. It is just emotional hard to see a gain of 70 or so pips came down to 20 or so before heading up again. You can only trade those type of trends and ignore all other and still make money. It means ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 10, 20074 Hour Strategy — If there is a signal the second last candle on a Friday I will enter but I never go over a weekend with any deals open. Any bad news can happen and the open on Monday might be much lower or higher. I will close it on friday ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 20074 Hour Strategy — I call the moving averages highway lanes. Each define a certain speed. The 200SMA very slow, 89SMA slow, 21EMA mediumfast and the 8EMA very fast. If you look at the chart above you will notice that the speed of the market was ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 20074 Hour Strategy — Don't try to take every signal the MACD is given. When there is none on the EurUsd or the GbpUsd we jump to other pairs and then we are actually looking for a trade and it is not going to be long and we will find one. You ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 20074 Hour Strategy — You can do that. It just might be that your entries will be a 4hour candle later or you will have to enter on motion inbetween a 4hour which I dont like.
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 20078EMA and 21EMA — When looking at the chart you will see that the price retraces back to the 21EMA and then continue the uptrend. At A the MACD gave a short signal that if there is enough pips to be made to the 21EMA and the R:R ratio is OK ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 20074 Hour Strategy — If you look at page 12 you will notice that when there is a strong trend the price will retrace back into the 8and 21EMA and then proceed with the trend. As long as you are in a position and the price action do that you stay ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 20074 Hour Strategy — As it found resistance against the 200SMA you could see it as a flag in a downmove. It was just that the trendline I drew that made me not exept as a flag. When the morning star did not mature fully I knew something was up ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 20074 Hour Strategy — It surely is jumping up/down/up. If you wont mind taken out at breakeven making no profit it is OK to set to breakeven and give it rope to just above 89SMA for some profit or you can take some now and set to breakeven. Only ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 2007Experience — A wealthy old lady decides to go on a photo safari in Africa, taking her faithful, elderly poodle named Cuddles, along for the company. One day the old poodle starts chasing butterflies and before long, Cuddles discovers that he's ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 20074 Hour Strategy — Only a close above the 200SMA would have me interested. On any narrow or channel or triangle movement a breakout is going to occur sometime. One must be aware of that.
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 9, 2007Bad Mistake — ------------------------------------------------------------------- I just got home and saw the replies about an Eur going upwards and when I had a look I could not believe what I have written. I must have had the UsdYen in mind ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 8, 2007Jpy — Yes. Got stopped out at 121.35. 24 pips. Was not 100% confortable from the start. Did not come off solid resistance but I liked the evening star. It found support on the 89SMA. Does not look good. Might form a small double top. I will ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 8, 20074 Hour Strategy — Your right. The only thing here is that we did not come from the trendline resistance although it was from closeby high on 02/02/2007. I will set my stoploss to breakeven after 15 pips gain just for incase it is a pullback. ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 8, 2007Stoploss — No problem to take it out of the way but remember your risk:reward. I also take my stop out of the way if I am watching live but I have my actual stop with a horizontal line and will allow only a few pips off that before closing it ...
4 Hour Strategy (MACD)
-
Phillip Nel replied Feb 8, 20074 Hour Strategy — I like what I see. Tripple bottom against the trendline. Previous two was morning stars. This one is starting with the possibility of another morning star. A close above the 200SMA will get me interested. All the emotion is ...
4 Hour Strategy (MACD)