Was taken out on AudCad for -24 pips
Was taken out on AudCad for -24 pips
20 May2011.zip 1.5 MB | 558 downloads
EurUsd 20 may2011.zip 1.1 MB | 566 downloads
4 Hour Strategy Macd+other Indicator 21 replies
average true range for 1 hour and 4 hour charts 2 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
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I will be posting some videos over the weekeend summarising what we have doen so far this week and a half just to set some rules and filters to look out for. I think after the past amount of trades done the videos will make a lot more sens. Therefore have I decided to post them after some trading was done with this new approach to market rhythm.
***Remaining in the Spirit of this Thread/Strategy***
Live Performance of Strategy!
Tested and Trusted:
God Bless Phillip Nel
EURGBP/7:00 candle/GMT+2/ 19th/20th May 2011
Great folks! I am on board again just to post a quick update of a trade plan which I actually took. The trade ran successfully for two days and was fulfilled before weekend.
Brief Market Analysis:
Price got stucked between the moving averages in the H4 (...sorry, I did not show the chart here...). I quickly switched to the one Hour chart/time frame-H1 for clarity of price price action and market behaviour. What did I see?
The following showed up:
Price making Double Top
Price making Double Top + MACD Divergence
The Head and Shoulder Formation on the MACD- a strong reversal pattern...
These points above make up a very powerful scenario for price/trend reversal - (Phillip Nel) - MACD system-2007...
Ya, so entry was made at the close of the bearish engulfing candle, the 7:00 candle close. Stop loss was set, and take profit targets/levels set as well...
SEE CHART FOR DETAILS....
Like I said in my earlier posts; when I see a strong reversal set-up, I always apply the Fibonacci retracement tool, and I take profits according to the Fib levels- 38.2, 50.0, 61.8, etc as the case may be. I did that in this trade as well, and according to the chart, you will see how price responded to these levels....I also take profits according to long term trendlines, moving averages, etc...PLEASE SEE MY CHART FOR (8) POINTS WHICH I HAVE LISTED ON HOW I TAKE PROFIT - TAKE PROFIT LEVELS/STRATEGIES...all of them are according to PHillip NeL's concept...
Gloria in Excelsis Deo!
GOD BLESS YOU ALL!!!
I am enjoying the unending education from you. As i was looking at your videos i realized that when you are adjusting the SL or TP you drag the respective lines. Please if you don't mind can you share the indicator you are using to do that. Thank you.
DislikedVery nice setup bro..., double tops with MACD sHs & divergence...Ignored
God Bless Phillip
Chartists are Fundamentalists
***we trade the News***
My greetings to your house hold.
Peace be with your Soul!
Sorry ,cannot open the files .........
as a member you could have them posted on the other server ?
DislikedTry this ... may be right for you ...
py.sy. Thank you Phillip for your system, it really works! All success!
I apologize for my EnglishIgnored
DislikedThank you very much drweb. i will try when the market opens.Ignored
Copy all the summary split files into one directory and then double click the Summary.zip file after renaming the files as indicated below and use the normal extract. It will then stick the file together again. It works on Winzip. Dont know of other zip softwares.
Summary split 05.zipIgnored
DislikedRename to Summary split.z05
Summary split 04.zip Rename to Summary split.z04
Summary split 03.zip Rename to Summary split.z03
Summary split 02.zip Rename to Summary split.z02
Summary split 01.zip Rename to Summary split.z01
Summary split 07.zip...Ignored