Written copy of Phillip's mp3. For chart and recording, go to page 1063, post 15931. --Tony
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PhillipNel Daily WrapUp 4July2008.doc
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4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedWatching a ZB on EU, and wonder how close should MACD get to zero to be classified a zero bounce? It's a little away but pretty close. Almost entered a short, but saw the ZB hasn't been confirmed as the candle hasn't closed (always make that mistake), plus read Philips response to Yorik and see the price is again trapped between 89 and 21. On holiday still but finally got connected. Keep it going Yorik. I too need to study the rhythm more.Ignored
Dislikedi am in with short term shorts with a 30 pip target on Eu (the 89 SMA) and a similiar sort of trade on Gu...Ignored
DislikedCould anybody explain, why this setup may be worse than a similar TC on EU on last Fri? Or it was "just one of those bad"?Ignored
DislikedOpen price: 1.5627
SL Price: 1.5666, SL: 39 pips
TP price: 0.5/1.5606, 0.3/1.5571, 0.2/1.5543, TP: 44 (21, 56, 84) pips
SINGLE OPENING.
R:R-ratio: 1.13.
Conclusion: trade is OK.
Cons: SMA200 is close; white bar with long lower tail - buying pressure from about 1.5610;
Pros: a TC from EMA8; bearish engulfing candle; some space to SMA200 to move to BE
Could anybody explain, why this setup may be worse than a similar TC on EU on last Fri? Or it was "just one of those bad"?Ignored
Disliked1. At the end of the trend where divegency has formed already, the last TC is a wrong signal, this has happened on each pairs many times before, you should do more becktesting.Ignored
QuoteDisliked2. See the 89sma and 200sam. They are down there as the support, also, 89sma of daily chart is also down there, so the bullish trend must be on the card.
3. Swithc to 1h, you can see the exaust of bearish trend, so opening a short postiong is not a smart way
DislikedThe 4h Strategy Skype chat is still alive, and a couple of members active posting ideas and comments in a casual way.
It's quiet most of the time (which can be a good thing), but some chats develop at key development areas on the charts.
It helps me to keep more alert and some comments have me rethink aspects I might have overlooked before.
If you are interested to be added to the chat please contact (Skype IDs):
islandtrader1, MxPips, poplar62 or sakaIgnored
DislikedThe 4h Strategy Skype chat is still alive, and a couple of members active posting ideas and comments in a casual way.
It's quiet most of the time (which can be a good thing), but some chats develop at key development areas on the charts.
It helps me to keep more alert and some comments have me rethink aspects I might have overlooked before.
If you are interested to be added to the chat please contact (Skype IDs):
islandtrader1, MxPips, poplar62 or sakaIgnored
DislikedI did.. Candle closed below the tail, that what convinced me to take it. Price dances like crazy atmIgnored