again, many thanks for the videos. The past week or so has been very educating for me.
Regards
Marcel
4 Hour Strategy (MACD)
- #26,622
- Jan 3, 2014 6:07pm Jan 3, 2014 6:07pm
{quote} 20th Dec I went short @1.3670 (i am sure the trade looked okay when i took it) Price was in the red for a while and I had to go to work so i moved my stop loss to over 1.3900 to stop any sneaky long tails that i suspected may happen..(stop loss hunting people like to call it) i didn't really expect price to go that high.... But of course looking back its easy to see that a long was coming once it passed over the 89 on the H4. The next time i checked the charts i was losing over 200 pips... i was shocked...really shocked my biggest loser...
To endure that 200 pips unrealized loss surely teach us something.
I still learn how to effectively intervened my trade
.Update: jump back in EU @1.3650 (after the price broke ema 21 on the daily chart), targeting SMA 89 (1.3560) and maybe take the trade down to 1.35 (if there is still enough momentum).
Salam sukses Richard!!
Own your own mind.
- #26,624
- Jan 4, 2014 3:18am Jan 4, 2014 3:18am
{quote} Hi Bkk, sorry to hear about that. EURAUD: there is some development since the last chart, I am waiting for a completed pull back (possibly to the 8ema in red)then on the move away down,(if this is the case!) I should be a seller. the pair broke the 89sma by a very strong candle(216 pips!), so now the anticipation is that it tends to go back to it before moving away .the pair is on his move away
secured 101 pips. closed trade, hit by the SL:+ 101 pips P.S. Quebec : -26C Sydney: +26C ...lucky guy!
Jeez Trademin - 26C wow.....!
I would like to know which are peoples favourite currencies for trading this system.
I am stuck on the EU which is okay by me.
I have looked at other currencies but I don't know them. Yesterday I tried EJ and got burnt in some consolidation.
I read that AUD and NZD trades / trends well and so is good to trade for this system.
I would like to have a few currencies to check in a morning before work so I can check my analysis out.
Obviously people commenting on this forum Binnie, Arrow, Trademin etc (sorry to miss anyone) use this system and have favourite currencies.
So which are they, if you don't mind so i can start checking them too.
- #26,626
- Jan 4, 2014 12:21pm Jan 4, 2014 12:21pm
{quote} Jeez Trademin - 26C wow.....! I would like to know which are peoples favourite currencies for trading this system. I am stuck on the EU which is okay by me. I have looked at other currencies but I don't know them. Yesterday I tried EJ and got burnt in some consolidation. I read that AUD and NZD trades / trends well and so is good to trade for this system. I would like to have a few currencies to check in a morning before work so I can check my analysis out. Obviously people commenting on this forum Binnie, Arrow, Trademin etc (sorry to miss...
! (with wind chil coud go to -34-35!) No jokes! I heard on the news that some area in Canada
have had new record “Low”! Amazing! Some parts in the State have been hurt too, like NY as example. What a winter!
I was wandering why sometime I see the charts differently than usual. I can open a trade anticipating what will happen, while sometime I wasn't able to get it properly. It wasn't clear in my mind. I wasn't able to put the finger on the cause creating that.
But when I listened to the videos from M.Nel, I found the responsible key to that kind of situation: Now I look for at good rhythm to be set properly, well establish on the chart, when it is well define, I have it on my side. When it is all fuzzy, I open the possibility to get a “fuzzy” result. Which pair will I take next, I don’t know, but it will be the smoothest!
Now it is clearer in my mind about that kind of situation, thank you M. Nel for showing me that in your videos. Thank you for taking time to teach us precious “know how.”
Have a nice day, 
Yvon
- #26,627
- Jan 4, 2014 2:57pm Jan 4, 2014 2:57pm
SEE YOU ON MONDAY GUYS:Yahoo - only a couple more sleeps before my self imposed ban ends (LOL )
Great to see a lot of new posts & posters. Really looking forward to catching up with you all soon.
Have a great day ( gees Yvon - hope you got them winter woollies on buddy - -26 Ouch )
B.
- #26,628
- Jan 4, 2014 3:55pm Jan 4, 2014 3:55pm
#-26C
I really can't imagine how cold is that Yvon. I kinda think it would be harmful
for someone used to live in the tropical climate like me
M. Nel's videos almost works like magic, it shows different things to different traders.
I just hope I can learn the summary of what all of us have learn here. So, at least we can talk
in the same language and understand what others are talking about.
Different understanding, one meaning.
I really can't imagine how cold is that Yvon. I kinda think it would be harmful
for someone used to live in the tropical climate like me
M. Nel's videos almost works like magic, it shows different things to different traders.
I just hope I can learn the summary of what all of us have learn here. So, at least we can talk
in the same language and understand what others are talking about.
Different understanding, one meaning.
Own your own mind.
- #26,632
- Jan 5, 2014 10:51am Jan 5, 2014 10:51am
Hi Phillip I have a big request. I know you are very very busy posting and making videos of trades but if possible could you do the weekly anticipation videos like you did before. Maybe discuss some currencies that look good for the week ahead and post it over the weekend. It doesn't have to be all the currencies. Just one or two. I know this is a lot to ask and you've already done so much.
I concur..
That would be great wouldn't it, at least one currency that looks like it's in the groove with the rhythm and an explanation of the anticipation in the coming week.
Thanking Phillip in advance.
ps
Binnie Binnie show us your charts, Binnie Binnie show us your charts !! (welcome back from your self imposed exile)
- #26,633
- Jan 5, 2014 12:51pm Jan 5, 2014 12:51pm
#-26C I really can't imagine how cold is that Yvon. I kinda think it would be harmful for someone used to live in the tropical climate like me
Just to give you an idea :-19c is probably the temperature of a frozen fish in a supermarket. I don’t think you would be able to hold it (bare hand) for 5minutes.
Now with -26c , it would be less that 5 minutes. Add the wind chill, the temp is about -40C
, how long would you be able to hold the fish? And what about your ears at -40c?
I love summer!
Yvon
- #26,634
- Jan 5, 2014 1:03pm Jan 5, 2014 1:03pm
{quote} hi Arrow, Just to give you an idea :-19c is probably the temperature of a frozen fish in a supermarket. I don’t think you would be able to hold it (bare hand) for 5minutes. Now with -26c , it would be less that 5 minutes. Add the wind chill, the temp is about -40C , how long would you be able to hold the fish? And what about your ears at -40c? I love summer!
That is ker cold, lots of videos on youtube/liveleak of those crazy Russians throwing boiling water over their high rise balconies and it evaporating or turning to ice before it hits the ground..... Gives you an idea how cold...bbbrrrrrrhhhhhh..
As kids what did you dare each other to do in temperatures that low? touch bare metal and stuff?
- #26,635
- Jan 5, 2014 1:21pm Jan 5, 2014 1:21pm
Once...(at 6 or 7 years old I guess!)I still have that bad feeling: my tong stuck on a metal door nob! yea ...about 6years old! since I was about the same high as the door nob! Crazy thing a kid would do!
Yvon
Once...(at 6 or 7 years old I guess!)I still have that bad feeling: my tong stuck on a metal door nob! yea ...about 6years old! since I was about the same high as the door nob! Crazy thing a kid would do!
But now I prefer sun, beach +30
C
- #26,638
- Jan 6, 2014 2:40pm Jan 6, 2014 2:40pm
Trades today {file}
This tickled my fancy when I saw it yesterday. Hope you don't mind if I share it with our team.
- #26,639
- Jan 6, 2014 2:52pm Jan 6, 2014 2:52pm
Here we go :
Got aboard the AU this morning. The more I see Phillip explain the "Breakout/retest/move away" strategy, the more often I tend to see this happening. I am studying all the recent posts and admit it is not simple yet to see the early entry setups using the shorter timeframes. Just got to keep practising and listening to PN.
Meantime, I am gathering thoughts on the various charts because I have not been watching too closely over this holiday season. I have decided to drop some pairs to give more time to being accurate with my own analysis. Especially if I am going to be looking at multi T/Frames . My pairs will be GU /EU /AU /NU / AN /UJ..
Here goes - please comment on any thing at all.
Great to have arrived in 2014.
Got aboard the AU this morning. The more I see Phillip explain the "Breakout/retest/move away" strategy, the more often I tend to see this happening. I am studying all the recent posts and admit it is not simple yet to see the early entry setups using the shorter timeframes. Just got to keep practising and listening to PN.
Meantime, I am gathering thoughts on the various charts because I have not been watching too closely over this holiday season. I have decided to drop some pairs to give more time to being accurate with my own analysis. Especially if I am going to be looking at multi T/Frames . My pairs will be GU /EU /AU /NU / AN /UJ..
Here goes - please comment on any thing at all.
Great to have arrived in 2014.
- #26,640
- Jan 6, 2014 3:16pm Jan 6, 2014 3:16pm
General Question ??
I am looking at the EU and have drawn in some H&S lines from the daily chart. Does anyone else see this pattern or am I off the track altogether.?
The reason I ask is to become aware of what the market is likely to do in the future. Yvon seems to have great success using this pattern in conjunction with our H4 strategy.
Now looking at the H4 chart and I see price rejection at the 21 & 200 ma confluence. My normal approach to find a trade here will be t wait for a strong close away from here and triggered by a TC on the Macd. Space available down to that T/Line Support. Don't mind if it breaks right thru that level and comes back to retest it before continuing down - thus confirming an absolute break of the Daily H&S neckline.
I am looking at the EU and have drawn in some H&S lines from the daily chart. Does anyone else see this pattern or am I off the track altogether.?
The reason I ask is to become aware of what the market is likely to do in the future. Yvon seems to have great success using this pattern in conjunction with our H4 strategy.
Now looking at the H4 chart and I see price rejection at the 21 & 200 ma confluence. My normal approach to find a trade here will be t wait for a strong close away from here and triggered by a TC on the Macd. Space available down to that T/Line Support. Don't mind if it breaks right thru that level and comes back to retest it before continuing down - thus confirming an absolute break of the Daily H&S neckline.