GU H1 engulf short gain on news, H4, Daily and Weekly trending short
Raining pips on a monday full of news
Raining pips on a monday full of news
tradewith60
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DislikedThe GU analysi I posted this morning was spot on again... you have to keep your reasons for trading simple and accept that the market is still uncertain, if you can repeat that simple method day in, day out you will succeed. If you continue chasing the mirage of easy decisions and never losing you will always struggle. Trade in direction of the daily close, wait for h1 to turn inline (engulf) take the next m5 engulf, use a defined exit... this is just ONE of these simple methods that will work...Ignored
Dislikedenjoying the thread thanks 60minuteman (and catching the vid updates on Facebook). How is your win rate and R:R or expectancy looking on this method?Ignored
Disliked{quote} Good morning 60minuteman, excellent, well planned and executed trading - I am following your thread with great interest. A question, above you mention trading in the direction of the daily close, I see that you are trading from the UK, what time are you taking for the daily close? All the best AlanIgnored
Dislikedearly moves on GU, daily is still long and we're at the low now and decent SR... watching for a H1 engulf long..... it's the trade!Ignored
Disliked{quote} well missed the high for shorts anyway, so a long is the only tasty looking set up.. from an analysis point of view though, daily still closed long, the high could only just turn H4, it looks weak to me.... a H1/M5 combo would be well worth the risk IMOIgnored
DislikedOK so you're looking for the H1 to close above the open of the previous down H1 (1.5336) - then zoom into M5 to look for an engulf entry. Targets 1.5367 and 1.5395. Though stop loss at? previous H1 open ? {quote}Ignored