Hey Phillip, thanks for all the info on your system you've shared with us. If I may, how many lots do you purchase per trade and what are their sizes?
Regards,
JahMikes
Regards,
JahMikes
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DislikedHey Phillip, thanks for all the info on your system you've shared with us. If I may, how many lots do you purchase per trade and what are their sizes?
Regards,
JahMikesIgnored
DislikedI am still small in the bussiness. Risking less than 2% of my capital. That is the key. The amount of lots is not important but moneymanagement to risk max 2% of your capital. Work out the amount of lots you can enter according to the stoploss needed and 2% capital risk. With risking only 2% of your capital you can be wrong 20 times in a row and still have 50% of your capital available.Ignored
DislikedThere was a gapup opening, then they retraced the price closing the gap and then turned the price around with that tail closing above that bottom trendline. Although the 21ema was in the way upwards after that tail the whole setup was a strong indication of an upmove coming. Just watch 1.5500 level.
Wow Phillip!
The market can't fool master Phillip.
You know excatly how the market works. It's like you're controlling the market. I was hesitating to the take it, because I was rather waiting for the " W " 1,2,3 move up with tail or nice macd signal or both (close above 21, back to it and away "W"). Instead it made a " V "
It's amazing how you can play so good~http://www.forexfactory.com/images/icons/icon14.gif with the market.
I'm learning day by day very valuable lessons from you.
Phillip you are Black Belt Grand Master in Forex!!Ignored
DislikedHi Philip,
I am resending a message from another memeber as I too have the same question.. It appears a lttle obvious but would appreciate if you would answer.. Thanks.
Phillip Nel, Looks like a nice strategy you have there. I was reading through your docoment and had just one question for you. On page 18, you mentioned that "you only trade the trades that give signals at 1700, 2100 and 0100(GMT +2)." Could you convert that into U.S. EST? My math says that's at 10am EST, 2pm EST and 6pm EST...is that correct?
Thanks,
RaghuIgnored
DislikedHi Philip,
On page 18, you mentioned that "you only trade the trades that give signals at 1700, 2100 and 0100(GMT +2)." Could you convert that into U.S. EST? My math says that's at 10am EST, 2pm EST and 6pm EST...is that correct?
Thanks,
RaghuIgnored
DislikedHere is a really handy little download. You can quickly figure out any time you need and the visual is very good. (download the second one, v2.12, it can be set to any time zone.)
http://www.forexmarkethours.com/Ignored
Dislikedhello folks
i am looking at the gbp and see a shooting start with a 1 hour rt and 2 red macd bars my 12:00 noon candle will be completed in 15 minutes
question should i wait for a next 4 hour candle of is this a solid set up for a short. The pa topped out that the top of l my trend lines
i see support on the 1 hour at the 365 ma
need some input critiques been a lurker for too long thanks
scottydIgnored
DislikedIt is allways easy afterwards to say NO now that the price has gone up some after the tail. I like the candle with a tail to have a body and in a down candle I want the body to be red. The current tail body is to small. I like the evening star on the 1H graph. There is some retracement on the 4H candle so if you want to take the odds on it is still within trading limits.
I will skip it just because of a lack of a body on the candle with the tail. Just a way I filter the tails as well as the place it occur. In this case it went above the 200 and 89 which is a good indication.
The candle also did not close far enough below the 89 and 200. Say 20pips or so. This could turn out to be support.Ignored