Darren:
Thanks for breathing life back into this thread.
To be honest, the simplicity of this method appeals to me. However, after studying threads with methods that apply 5 MAs, 2 oscillators, and 3 additional indicators on so many FF threads, can trading really be this simple? Of course, it can
As I understand it, this is how you trade:
1. Apply 50 SMA to any H4 chart.
2. Draw S/R levels based on the Daily chart.
3. Wait for engulfing bars. Only trade Buy bars above the 50, and Sell bars below the 50.
4. Use 1:1 R:R for conservative TP, or use Daily S/R to pinpoint exit.
I have a few questions:
1) Have I missed any of the factors that you use to trade?
2) Once you have identified a setup on H4, do you ever drop down to the M15 to look for an entry? If so, what method would you suggest?
3) Does this method working better during London, U.S. or Asian sessions? Or do you not take session details into account?
4) Approximately how many trades do you take per week with this method?
Location
Thanks for breathing life back into this thread.
To be honest, the simplicity of this method appeals to me. However, after studying threads with methods that apply 5 MAs, 2 oscillators, and 3 additional indicators on so many FF threads, can trading really be this simple? Of course, it can

As I understand it, this is how you trade:
1. Apply 50 SMA to any H4 chart.
2. Draw S/R levels based on the Daily chart.
3. Wait for engulfing bars. Only trade Buy bars above the 50, and Sell bars below the 50.
4. Use 1:1 R:R for conservative TP, or use Daily S/R to pinpoint exit.
I have a few questions:
1) Have I missed any of the factors that you use to trade?
2) Once you have identified a setup on H4, do you ever drop down to the M15 to look for an entry? If so, what method would you suggest?
3) Does this method working better during London, U.S. or Asian sessions? Or do you not take session details into account?
4) Approximately how many trades do you take per week with this method?
Location