thankyou gregwilson
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Dislikedthank you 60minuteman! yes, i agree it's a numbers game, probability game. just that to take small losses sometimes is frustrating.Ignored
Dislikedno setup has formed in 15min yet,60minuteminuteman is the setup in 4h valid? {image}Ignored
Dislikedno stop out whatfx, once h4 closed down you would of switched to m15 for your entry and got in right at the tip top... see m15 chart, red line is h4 close {image}Ignored
DislikedWould you consider this 2-bar engulfer as a trigger as it closed below the 2 previous lows? {image}Ignored
Dislikedwatching how the 4h e/u will close down so we can look for a short in 15min....this is so interesting.... {image}Ignored
Dislikedyes indeed h4 eu may be a bearish engulf.... that brings me to my next point: 60minute what happens if there is an opposite engulf on another time frame ? for example we see the current h4 eurusd closing as a bearish engulf. but the daily candle is actually a bullish engulf. so which way to trade ? what is it about h4 that attracted you, why not daily or h1 ?Ignored
DislikedIf h4 engulfed against daily engulf I would treat it as countertrend and only target the next daily s/r line because it is more than likely a retrace move... and maybe that would make the trade not worth the risk... I like h4 because it represents half of a trading session, I get enough opportunities to not get bored, but I dont get so many that things can go horribly wrong. I have also had a few health issues not helped by being stressed out looking at charts all day, h4 i can go and get some exercise or relax and watch a movie... there's a lot...Ignored
Dislikedthenx 60minute u said that if 4h engulfing is against daily you would target next daily support line from the e/u chart i have attached would the level i have shown be the next s/r line?since swing highs and lows of 4h are daily and weekly s/r line?meaning tp would be 1.30211 level? {image}Ignored
Dislikedthere's a post on this site called s/r strike zones, that will explain how i draw my lines https://60minuteman.jux.com/Ignored
DislikedEU in Daily S/R Zone... Good zone to look for longs due to prior daily engulf {image} I'll add to my EU position if the market gives valid signals , if not I'll stick with the single position I have no more adventures trading for me todayIgnored