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4 Hour Strategy (MACD)

  • #17,581
  • Edited 10:25pm Oct 25, 2008 9:40pm | Edited 10:25pm
Quoting saka
Is there any kind guy who has translated these day's wrap up?

Hi Saka,

Here is a written version of Short Term With Rhythm POST 17531 PAGE 1169. The first part is aimed at newbies or those who would like more information on market rhythm. Others like yourself should start reading from "OK, let’s go back to where you know the rhythm of the market" Good reading!
Attached File(s)
File Type: txt SHORT TERM WITH RHYTHM.txt   5 KB | 646 downloads
  • #17,582
  • Oct 26, 2008 12:31am Oct 26, 2008 12:31am
It been a while since I posted here. I have been at school its hard to find time to post on this forum.

Everyone should study the history of the currency that you trade by going one candle at a time (press f12). It will change the way you trade for the better. I have become really good at recognizing which way the price will move based on the candles large candles, doji...etc.

Great forum as always!

Here is a trade I did the other day on the GBP/USD
I did not take the TC down on the 4 hours until I saw this rythmn breakout on the 30 minutes where the price was curving away from the trend line making a TC down.

Close .50 after 20 pips
Close .20 after another 20 pips
Let the other .30 run
80+ pips
Managing trades whiles still in them, abit of a weak point for me.

4hr
Attached Image


30mins
Attached Image (click to enlarge)
Click to Enlarge Name: untitled2.GIF Size: 9 KB
  • #17,583
  • Oct 26, 2008 2:57am Oct 26, 2008 2:57am
Quoting xeneric
Hi Saka,

Here is a written version of Short Term With Rhythm POST 17531 PAGE 1169. The first part is aimed at newbies or those who would like more information on market rhythm. Others like yourself should start reading from \"OK, let’s go back to where you know the rhythm of the market\" Good reading!
Thanks very much!!
Plan your trades and trade your plans
  • #17,584
  • Oct 26, 2008 3:16am Oct 26, 2008 3:16am
Quoting xeneric
Hi Saka,

Here is a written version of Short Term With Rhythm POST 17531 PAGE 1169. The first part is aimed at newbies or those who would like more information on market rhythm. Others like yourself should start reading from \"OK, let’s go back to where you know the rhythm of the market\" Good reading!

Thanks for the effort. However, I hope you dont mind as I changed the file format. .txt to .doc as it is easier to read with Microsoft Word.
Attached File(s)
File Type: doc Short Term With Rhythm POST 17531 PAGE 1169.doc   31 KB | 742 downloads
  • #17,585
  • Oct 26, 2008 2:09pm Oct 26, 2008 2:09pm
Had some PC issues...Website is updated...
  • #17,586
  • Oct 26, 2008 2:17pm Oct 26, 2008 2:17pm
Quoting Palmer
Had some PC issues...Website is updated...
sorry for your PC, I really missed your market analysis.Hope to hear from you now that every thing is o.k.
  • #17,587
  • Oct 26, 2008 3:14pm Oct 26, 2008 3:14pm
Quoting JimDandy
Was going thru my folders on my desktop and found this mp3 and gif that phillip did about candelstick patterns........saka needed it typed out for him so i typed the doc and emailed it to him....dont know if a doc was ever done on it before or not but here is a zipped file of the mp3,gif, and doc..... may be of some benefit to someone......pipip ....JimDandy

I am a beginner in this system and trying to grasp basic concepts. in downloading candlestick zip file I got an error and I have not been able to fix it. Could somebody please upload individual files?

Thanks in advance , specially to Mr Nel... outstanding concepts and forum.
  • #17,588
  • Oct 27, 2008 5:06am Oct 27, 2008 5:06am
it wasnt possible forthe last 3 weeks make even one succesfull trade which accords to the rules,or to find a perfect setup for an entry.its crazy,the sl is huge and the candles even in a smaller timeframe huge.
I am getting a bit frustated.I hope the end of thosw huge candles is near.
  • #17,589
  • Oct 27, 2008 8:57am Oct 27, 2008 8:57am
It is my humble opinion that all the systems based on fixed numbers (like this one) sooner or later are doomed to fail. The market is not anymore what has been 2 years ago and will never be again.
The easiest way to make money in this moment is to find a good entry (based on this system or any other) and let the winners run. I'm referring only to EURUSD and cable, I don't look at other currencies. Nobody expected these movements and I don't think that they will go away so easy as the beginners expect.
  • #17,590
  • Oct 27, 2008 10:28am Oct 27, 2008 10:28am
Quoting Pipmaniac
it wasnt possible forthe last 3 weeks make even one succesfull trade which accords to the rules,or to find a perfect setup for an entry.its crazy,the sl is huge and the candles even in a smaller timeframe huge.
I am getting a bit frustated.I hope the end of thosw huge candles is near.
Have you demo traded Phillip's 5Min System. There has been some 1H entries that have been good with 50Pip SL. I posted a chart last week on Ozzy and Cable. As Oscar says, "Stops are in, Emotions are out!" There is no place for frustration, anger, greed, jealousy, joy in trading. Its tough, but thats what it is.
  • #17,591
  • Oct 27, 2008 11:22am Oct 27, 2008 11:22am
Quoting Ritchie Mann
It is my humble opinion that all the systems based on fixed numbers (like this one) sooner or later are doomed to fail. The market is not anymore what has been 2 years ago and will never be again.
The easiest way to make money in this moment is to find a good entry (based on this system or any other) and let the winners run. I'm referring only to EURUSD and cable, I don't look at other currencies. Nobody expected these movements and I don't think that they will go away so easy as the beginners expect.

I will not be speaking for everyone on this thread, and definitely Phillip may have his own reply to this.

However, in my humble opinion, human emotion will always remain human emotion. People will greed in the same manner and fear in the same manner, and this is what the numbers you are referring to mean. Just like Fibs, they've withstood time, and will continue to do so. (Atleast until artificial intelligence instead of human takes over the planet and hence the markets).

Cheers!
In Pursuit of Pippyness...
  • #17,592
  • Oct 27, 2008 12:36pm Oct 27, 2008 12:36pm
Info
Attached File(s)
File Type: zip Crazy Markets.zip   827 KB | 1,323 downloads
  • #17,593
  • Oct 27, 2008 2:39pm Oct 27, 2008 2:39pm
eurusd moved 3200pips in 3months,gbpusd 4500pips in 3months,audusd 3300pips in 3months,usdcad was alittle late but its covering: 2300pips in 1 month .(usdjpy has a different way ,maybe because of crosses )
but,usdchf moved only 1700pips in last 4months
now : dont u think next month is usdchf's turn ?should'nt be ready for a huge move for this pair ?specially its more serious when we see eurchf cross in all time low
the picture below is a possible start of this move.i will watch it closely
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
  • #17,594
  • Oct 27, 2008 2:43pm Oct 27, 2008 2:43pm
Quoting Phillip Nel
Info
Thank you Philip for taking the time of explaining again the philosophy behind your system. I completely agree with what you stated on the mp3. I personally think that a system that tries to teach you how to FEEL the rhythm of the market cannot be defined a system based on fixed numbers.
Friday +46 pips. Today +16 pips and I am happy with that.
  • #17,595
  • Oct 27, 2008 4:12pm Oct 27, 2008 4:12pm
Quoting Phillip Nel
Info
Brilliant lesson. Excellent summary. Patience is the key. I hope the new guys listened to that.
  • #17,596
  • Oct 28, 2008 5:13am Oct 28, 2008 5:13am
Quoting Phillip Nel
Info
please kindly inform us through thread anytime the crazy stuff is over, or if i may ask what is the duration of cracy market, is monthly,quaterly,yearly

i believe ur stretegy is best i come across but the painful aspect of it ,is that i stated live trading during the crazy period
  • #17,597
  • Oct 28, 2008 7:03am Oct 28, 2008 7:03am
Ozzy Long on close of 10:00am 1H SL 40 Pips. Closed 50% after 25 Pips. Set rest TP of 21EMA on 4H. Just hit for another 94Pips. Reason was small TC (1H) and movement away from 8EMA on 1H and 4H. Higher risk, but 1H system got me in for risk of 40Pips. There was a very high chance the rhythm would take us back to 21EMA on 4H, it was just a case of waiting for a good chance to get in on the 1H.
Regards
Neil
edit: I see now it is reversing off 21EMA on the 4H.
  • #17,598
  • Oct 28, 2008 7:50am Oct 28, 2008 7:50am
anyone would kindly post the written copy of the mp3s ?
  • #17,599
  • Oct 28, 2008 1:13pm Oct 28, 2008 1:13pm
Quoting blackmovie
anyone would kindly post the written copy of the mp3s ?
I found it difficult to download the crazy market mp3,anyone can assist with the written copy,thanks.
  • #17,600
  • Oct 28, 2008 8:15pm Oct 28, 2008 8:15pm
Here is the long asked for transcript of the 'Crazy Markets' priceless commentary by our mentor Phillip Nel, putting out fires of doubt in our hearts, and planting comfort instead.

Note: I write in notepad format to keep things simple. If you prefer some other word processor, it's just a matter of a copy + paste.

Cheers!
Attached File(s)
File Type: txt Crazy Markets.txt   5 KB | 510 downloads
In Pursuit of Pippyness...
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