Yes I took one trade off the 4H USDCHF chart. But that was a trade I took on my demo account, as a B trade.
Go back to my previous post and look again at my daily USDCHF chart. See the 1.05000 level? Firstly, that is a big round number which is very important for my trading. Secondly, as you can see on my daily chart I posted, that level acted as a very strong resistance in the past. One price broke above, I was watching this pair as a hawk, hoping to get a great bar off that level with the trend.
Unfortunately, I got no PA bar on my feed, and even when combining those two 4H bars as a 8H pin bar, it needed to be lower, with the body of the bar off my level in order to be an A+++ bar in my book.
So I took this trade as a B trade on my demo account. Now my mission was going to BE ASAP once my bar broke. Once price hit the purple line on my chart below, 25 pips away from my entry, i have moved my stop to BE.
Then I was in a free trade, and my thinking was like ...ok, I am in a huge raising trend full of momentum..lets use it. So I have decided to go for trailing stops applying Mikes 2bar stop method, which finally took me out for a good profit.
The key is being able to stand on your hands long enough in order to pick only the real A+++ trades. Secondly, knowing in a perfect manner Jim's side to side support and resistance approach, and applying it in order to cut your risk to 0% as fast as possible.
Once you can do it on the 1-3 greatest bars each month, and you have a huge account, I can't see an easier way to make money safely and continuously.
Here is another trade I took on EURUSD last week: http://www.forexfactory.com/showthre...30#post3437130
Hope that helps
Ben