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I am looking for EA to put Buy Stops, Buy limits, Sell limits, and Sell Stops. I will 0 replies
DislikedAwaiting bar close for confirmation of this EU H4 type 1 setup.
http://img813.imageshack.us/img813/7953/44375909.jpgIgnored
DislikedHi NuBees
Which is your broker?
I notice your H4 engulfig candlesticks are always look better than mine for trades.Ignored
DislikedAwaiting bar close for confirmation of this EU H4 type 1 setup.
http://img813.imageshack.us/img813/7953/44375909.jpgIgnored
DislikedHi NuBeez,
Your EU trade seems to me coming back from the dead.
Take a look also on GUIgnored
DislikedHi NuBeez,
In trying to better understand this system - does the last H4 EU candle not engulf the previous red one? I agree with the logic that the wicks raise cause for caution - but strictly looking at the engulfinfg issue I thought it would qualify. Your thoughts would be appreciated.Ignored
DislikedHi dmostpips,
Just saw your post. The bar must completely engulf both the open and close of the previous bar. So the open and close of the previous must be within the engulfing bar. I have my 12:00pm bar closing lower than the 8:00am open.Ignored
DislikedYes I was looking back one further - my 8:00 a.m. H4 close was a tall bullish that engulfed the previous red H4, and was above the 50 MA, so could have been a long signal. No matter though - lots more to come. It was very close (within a pip?) of engulfing anyway so not a strong one. And 50MA prety flat.
Good pipping tp you.Ignored
DislikedGJ H4 type 1 setup
buy stop @ 133.04, stop loss @ 132.15, limit @ 134.00
http://img828.imageshack.us/img828/1041/22847837.jpgIgnored
DislikedHi Ap3,
Aside from a different candle look which I assume is broker/time frame varience, your candles crossed below the MA line much earlier than mine - in fact mine is just nudging the line now. You must be using something other tham SMA50? If so has it been performing as well? better?
Thanks.Ignored
DislikedHi The Camel,
Well the EU bar did not engulf the previous at close so that negated the setup. Also where those wicks are stalling on both pairs suggest we could be in for strong reversal, so I personally wouldn't take the GU setup.Ignored
DislikedGJ H4 type 1 setup
buy stop @ 133.04, stop loss @ 132.15, limit @ 134.00
http://img828.imageshack.us/img828/1041/22847837.jpgIgnored
DislikedLong EU on H4 type 1 setup at 1.3242, stop loss @ 1.3213, limit @ 1.3310
http://img254.imageshack.us/img254/4449/eunow.jpgIgnored