DislikedGU giving a signal on H4, it has hit that daily SR above and daily is still down..... but that SR failed to push us down yesterday s worth a trade I think {image}Ignored
tradewith60
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DislikedGU giving a signal on H4, it has hit that daily SR above and daily is still down..... but that SR failed to push us down yesterday s worth a trade I think {image}Ignored
DislikedAfter yesterday's gold daily engulf candle close chances were more clear for the price to go up for weekly level. Today's possible setups. {image} {image}Ignored
Disliked{quote} next weekly line hit on GU - we kind of knew that would hapen {image}Ignored
Disliked60M, So are you now favoring/preferring to trade Daily engulfs rather than H4 engulfs?Ignored
Dislikedthanks 60 - I believe I understand the concept; and I would love to hold trades for maximum gains, but it's difficult since the number of trades I can take simultaneously are hindered by margin rules in the US. And sometimes another engulf happens while an earlier trade is still going...Ignored
Disliked{quote} well you could use a rule that you hold for x tp unless you get an opposing signal... then close your short/long and look for the next entry You could say use 3R as a target, or the next weekly SR, or an obvious swing point.... many options, no right or wrongIgnored
Disliked{quote} hey TB, really depends on what else I need to do and wether I want to be at the charts a lot. The reason to trade the engulf followed by a retrace entry is because it is price making the A,B,C pattern of higher high, higher low (for longs) or lower low, lower high (for shorts)... So you can pick any timeframe you wish to trade... The other decision you need to make is how big a RR you wish to target, and wether you will move to b.e after x pips or not... Then it is a question of taking the set ups and holding for your targets. It get's tough...Ignored
Dislikedno big win's yet this week... Thursday Friday should bring some nice runners...Ignored
Disliked{quote} how abt this one 60mindid anyone take this trade ? 15min entry {image} Daily engluf {image}
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