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4 Hour Strategy (MACD)

  • #8,081
  • Nov 5, 2007 12:57pm Nov 5, 2007 12:57pm
Quoting ziko123
I hope I didn't offend anyone, or I just asked for is that any claims of monthly profits be supported by live calls here for just one month, at the end of that month we will see if these claims are right or wrong based on facts and not trust, but no one will dare to do this, this is a 4H system so we are talking about 8-10 trades a month, let one of those who claims this system makes 300+ /month post these 8-10 trades live, just one, but again I'll get the same replies that they don't have to proof anything to others, don't have to spoon feed and ......, but why make claims from the begining if you can't proof it

Ziko I don't know how smart you are but Phillip posted all of his trades real-time, maybe you where not on the Skype chat when he did that. If not again it's not our problem. Please stop posting the same crap over and over in this thread. Also congrats on the 1st person being on my ignore list.
Keep taking CT trades, I need more money
  • #8,082
  • Nov 5, 2007 1:01pm Nov 5, 2007 1:01pm
ziko 123 is not on this thread to learn anything. He is only here to seek a response from others and to see if he can irritate them. I have reported him as a heckler.
  • #8,083
  • Nov 5, 2007 1:06pm Nov 5, 2007 1:06pm
Quoting Ryanmcd
Ziko I don't know how smart you are but Phillip posted all of his trades real-time, maybe you where not on the Skype chat when he did that. If not again it's not our problem. Please stop posting the same crap over and over in this thread. Also congrats on the 1st person being on my ignore list.
man why a chat room , they are just 10 trades/month, each trade can be posted on one line message here, we are speaking about 10 lines/month, if you have access to chatroom then u have access here, just after the trades are called on the chatroom by 5 or even 10 minutes post this one line here and at the end of the month we will see the end result, here we have s timestamp for each message so we can confirm live trades, chatrooms don't have that
  • #8,084
  • Nov 5, 2007 1:10pm Nov 5, 2007 1:10pm
Quoting ziko123
I hope I didn't offend anyone, or I just asked for is that any claims of monthly profits be supported by live calls here for just one month, at the end of that month we will see if these claims are right or wrong based on facts and not trust, but no one will dare to do this, this is a 4H system so we are talking about 8-10 trades a month, let one of those who claims this system makes 300+ /month post these 8-10 trades live, just one, but again I'll get the same replies that they don't have to proof anything to others, don't have to spoon feed and ......, but why make claims from the begining if you can't proof it

A voting poll as on 29Jul2007. After that a lot more become profitable. This poll was started by someone else and not me so I did not fake it.
Phillip
Attached Image (click to enlarge)
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  • #8,085
  • Nov 5, 2007 1:12pm Nov 5, 2007 1:12pm
OK...Back to business...Wrenbrenk asked for more info on IT L...This is a very common question. please search under my name for Inside Top, Nesting Doll, Inside Bottom. Also, look at some of my old charts posted and look at the blue horizontal lines. Lastly, search under Tamkras for the same terms (oh forgot one, IND and UND). Tam taught me on this thread to see them, so I know the info is there.

Also, here is a copy of the E/J chart w/the Top area highlighted in Yellow, top line is Inside Top High (look to the left, notice anything interesting?), next line is Inside Top Low area (I like to use pin's in this area, but it really is discretionary depending on how conservative or aggressive you wish to be.

Once you start identifying areas on your charts, look to the left of your line and notice how price behaves there (a form of support/resistance?). An Inside Bottom is just the opposite (I don't usually use them, Inside Top patterns are more my trademark...test for yourself and see if it works for you).
Attached Image (click to enlarge)
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  • #8,086
  • Nov 5, 2007 1:15pm Nov 5, 2007 1:15pm
Quoting ziko123
man why a chat room , they are just 10 trades/month, each trade can be posted on one line message here, we are speaking about 10 lines/month, if you have access to chatroom then u have access here, just after the trades are called on the chatroom by 5 or even 10 minutes post this one line here and at the end of the month we will see the end result, here we have s timestamp for each message so we can confirm live trades, chatrooms don't have that

This is my last answer to you. We have decided to do it that way and that is how the people wants to do it and that is it. You are not going to decide how we must do it. If it does not fit you then you know what to do. We have established it that way.

I want everybody to ignore this situation furtheron. We will continue as we did up to now placing live trades on skype as well as FF as we see fit and as the situation is at that stage.
This case is closed
Thanks
Phillip
  • #8,087
  • Nov 5, 2007 1:16pm Nov 5, 2007 1:16pm
Well I was hoping you would actually change your attitude but im done with you for now........you have offended all of us with your posts and insinuations of "pretending" to make good trades that didnt happen. You have basically called into question the integrity and honesty of Phillip and others that have posted at their expense of time. I saw someone say that posting there charts is only for an ego boost. If that is true then stop posting them. You post here to learn and teach, not to toot your own horn......In regards to posting a trade live, How exactly is that done if that trade is 16 hours long. There is plenty of information and posts here to show the authenticity of the claim of 300 pips per month.......as for now im through dealing with this unappreciative person trying to cause a division.........
"Do not give what is holy to dogs, neither throw your pearls before swine, that they may never trample them under their feet and turn around and rip you open......Matthew 6:7........pipip........JimDandy
  • #8,088
  • Nov 5, 2007 1:17pm Nov 5, 2007 1:17pm
Absolutely excellent mp3 phillip by the way........one of your best.....many thanks..........Jim
  • #8,089
  • Nov 5, 2007 1:41pm Nov 5, 2007 1:41pm
I keep telling my self to be patient and let see if it will work out. I took a short in the usdchf after tweezer tops and nice bearish candle away from the 8ema and of course.......a tc on the macd. but as you can see the tc was a one bar event. However i got a nice bounce off of the daily pivot. I am short two minis from 1.1517. Stop at 1.1557 tp at 1.4770........am about to adjust stop and limit for better r:r any suggestions........also i have a nice bounce off of the 21ema on the 1hr...............dont just watch! Jump in an help me!LOL.........no worries........pipip Jimdandy........
Attached Image(s) (click to enlarge)
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  • #8,090
  • Nov 5, 2007 1:51pm Nov 5, 2007 1:51pm
Quoting Ryanmcd
Ziko I don't know how smart you are but Phillip posted all of his trades real-time, maybe you where not on the Skype chat when he did that. If not again it's not our problem. Please stop posting the same crap over and over in this thread. Also congrats on the 1st person being on my ignore list.
Best option . Just ignore the troll.
Ado Whether you believe you can do a thing or not, you are right.
  • #8,091
  • Nov 5, 2007 2:09pm Nov 5, 2007 2:09pm
ziko, did you see this post on friday? i think it is what you are looking for. but unfortunately for you the purpose of this thread is to teach people how to successfully approach the forex market so there is no guarantee that every single trade will be reported like this one on friday from now on. for me the teachings are more important than somebody else's live or demo trades. i have been following this thread from the very beginning and after several months i am still here and i am satisfied. still struggling to pull the trigger but satisfied with what i have learned. thank you, Phillip and i hope you never stop.

Quoting Phillip Nel
I went long on EurUsd.

Support on Supline 5 times
Zero bounce
1Hour has given engulfing candle off the 89SMA(Added later when I looked at 1H)

Entry @ 1.4453
SL @ 1.4416
TP 1 @ 1.4490 (1.4500 is strong resistance.) Will give TP2 chance to upper Res line

BE @ 1.4475 ( I will watch closely for a sudden turnaround as we are at strong resistant levels at overbought levels. 1.4500 Is strong resistance. Stop hunting might be on the cards. Will close position the moment there is a change in direction below 1.4440.)

Edit 1.
1.4470 was reached 5 short of BE. Will watch this level as it might be RES.
I am at home so can watch this trade live

Edit 2
Price got stuck against Daily R1

Edit 3
1.4473 was reached above R1 so set position to BE. 2Pips short of 1.4475 but to me that is OK

Edit 4
Price is staying around 1.4470. I have decided to take 50% profit @ 1.4468 giving me +15pips on 50% and I have set the rest to SL 1.4438 so that the average of the 2 gives me breakeven. If price retrace to the 1.4453 which was a mini breakout level then my second 50% have a chance should it bounce off 1.4453. I then have the oppertunity to add the 50% again should it bounce

Edit 5
Price is now staying just above 1.4470 above the Daily R1(1.4467) trying to establish a support which looks good for our 1.4490 first profit target.

Edit 6
Looks like R1 has been broken down so 1.4453 might be tested.

Edit 7
This thing is jumping up and down around R1. I am going to sit and wait till it is running.

Edit 8
Price has reached 1.4487(3 short of 1.4490 for me OK to go BE). Set remainder to BE at 1.4453

Edit 9
We had a fatal accident on the mine. have to go to work to prepare plans for Mine Inspector.
Close position @ 1.4476
  • #8,092
  • Nov 5, 2007 2:09pm Nov 5, 2007 2:09pm
could i please be added to the skype 4h chat?
skype name = merrittb

muchos gracias amigos!
"The market pays you to be disciplined"
  • #8,093
  • Nov 5, 2007 2:10pm Nov 5, 2007 2:10pm
Quoting JimDandy
I keep telling my self to be patient and let see if it will work out. I took a short in the usdchf after tweezer tops and nice bearish candle away from the 8ema and of course.......a tc on the macd. but as you can see the tc was a one bar event. However i got a nice bounce off of the daily pivot. I am short two minis from 1.1517. Stop at 1.1557 tp at 1.4770........am about to adjust stop and limit for better r:r any suggestions........also i have a nice bounce off of the 21ema on the 1hr...............dont just watch! Jump in an help me!LOL.........no worries........pipip Jimdandy........

I am short @ 1.1523 stop is at 1.1560, just sit back and enjoy the ride, this is why I got a work at home job. So I have something to do and don't stare the trades down all day LOL. I will keep you updated but I am looking for it to take out the lows, if now I lost 40 Can't win them all but 8 outa 10 is not bad
Keep taking CT trades, I need more money
  • #8,094
  • Nov 5, 2007 2:36pm Nov 5, 2007 2:36pm
and to be honest i don't really get the idea what's behind your question. let us know the true reason of posting such a request on this thread.

Quoting ziko123
man why a chat room , they are just 10 trades/month, each trade can be posted on one line message here, we are speaking about 10 lines/month, if you have access to chatroom then u have access here, just after the trades are called on the chatroom by 5 or even 10 minutes post this one line here and at the end of the month we will see the end result, here we have s timestamp for each message so we can confirm live trades, chatrooms don't have that
  • #8,095
  • Nov 5, 2007 2:40pm Nov 5, 2007 2:40pm
As Phillip said earlier, please just continue on with the original intent of this thread. The live call discussion should be about over and so, back to trading.

Thanks much,
  • #8,096
  • Nov 5, 2007 2:43pm Nov 5, 2007 2:43pm
Quoting pips4uandme
OK...Back to business...Wrenbrenk asked for more info on IT L...This is a very common question. please search under my name for Inside Top, Nesting Doll, Inside Bottom. Also, look at some of my old charts posted and look at the blue horizontal lines. Lastly, search under Tamkras for the same terms (oh forgot one, IND and UND). Tam taught me on this thread to see them, so I know the info is there.
Hi Pips, I feel ashamed but I have to ask! As for the Inside Top High, I completely understand it, but how do you fugure out the Inside Top Low? Is it a range before breakout, or it's a high of a forming doll?
  • #8,097
  • Nov 5, 2007 2:43pm Nov 5, 2007 2:43pm
Phillip,

Just saw edit #9 -- my heart goes out to the family of the miner. May you continue to stay safe.
  • #8,098
  • Nov 5, 2007 2:58pm Nov 5, 2007 2:58pm
Quoting pips4uandme
Phillip,

Just saw edit #9 -- my heart goes out to the family of the miner. May you continue to stay safe.
Yes it is heartbraking. Guy was only 23.

Thanks
  • #8,099
  • Edited 3:08pm Nov 5, 2007 2:58pm | Edited 3:08pm
Quoting ira
Hi Pips, I feel ashamed but I have to ask! As for the Inside Top High, I completely understand it, but how do you fugure out the Inside Top Low? Is it a range before breakout, or it's a high of a forming doll?
Hi Ira,

Great question! & it too is discretionary in nature depending on how aggressive/conservative you want to be. I like to use a pin or doji's low in the pattern, especially if I'm looking to short the pair (would like price to close below that level). So, no, it isn't the range and it's not the high...it is one of the lows within the "rounding" pattern (sometimes it is boxy)...

The yellow area on the E/J chart showed the area that I call Inside Top -- the lowest low of the pattern would be a conservative area, the highest low would be a more aggressive trade (because you are entering w/failure of the area and a close below for a short. Long wicks piercing into the area, but having no close above the low is a great signal that the pair has selling pressure. When the MACD turns and price is still below, the entry is triggered. Opposite for a long trade (close above the highest low w/MACD momentum showing upward). The best stops are placed above the Inside Top High (factor in spread + fudge factor) for a short. The best thing to do is to look for the areas on your chart, draw a Horizontal line and then look left to see what price has done in the area previously (you'll be surprised), and that will help you get a feel for "seeing" them (look especially at the lines you draw from the pins/doji's). Then, leave those lines on your chart and watch the forward action.

Hope this helps. Let me know if I confused you more. Sorry that I don't have a more "scientific" approach that can be easily detailed.

Happy trading!
Pips

PS. the reason it isn't a breakout of consolidation range is because it happens after the breakout. Essentially, it is a retesting of the broken area though...great point (never really thought of that before, LOL!). If you were looking to trade the breakout from the consolidation range (the original failure), you would want to see failure of a previous Inside Top Low (and it can be very long ago on your chart) or watch the hourly for break, retest, and move away.
  • #8,100
  • Nov 5, 2007 3:13pm Nov 5, 2007 3:13pm
One last post for the day -- and it is a "non-trading" post...

Treasure everyday and try to be nice to as many people as possible -- you never know how your actions could influence others. Life is shorter than we may expect and we should enjoy our time here. Be happy, smile, laugh, love and prosper.

Now...Back to business

Talk to you guys later,
Pips
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