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Simple H4 Mobile Trading System

  • #961
  • Nov 2, 2018 7:18am Nov 2, 2018 7:18am
Pay attantion to the nonfarm news coming out in 15 min!
  • #962
  • Nov 2, 2018 7:50am Nov 2, 2018 7:50am
Ahang , UJ hit my TP while Im sleeping. You are taking very good choices, congrats and keep it up

Quoting ahgang
{quote} Hello mate I will get this UJ later on, comment pls GN can be consider too but abit tricky. {image} {image}
  • #963
  • Nov 2, 2018 8:11am Nov 2, 2018 8:11am
Quoting hzs10
My results since 7th Sep 2018 {image} {image} {image} {image} {image} {image}
Hi hzs i wish you good and profitable trading What are your TP levels and do you go in brek even? If yes after how much pips when you are in ++ thanx in advance mizi
  • #964
  • Nov 2, 2018 8:39am Nov 2, 2018 8:39am
Quoting mizi123
{quote} Hi hzs i wish you good and profitable trading What are your TP levels and do you go in brek even? If yes after how much pips when you are in ++ thanx in advance mizi
Dude .....read first post...seriously!
  • #965
  • Nov 2, 2018 8:39am Nov 2, 2018 8:39am
Quoting Trinquete
Ahang , UJ hit my TP while Im sleeping. You are taking very good choices, congrats and keep it up {quote}
Hello Mate,

Thats good! Earn money while sleeping. See you next week mate.
  • #966
  • Nov 2, 2018 8:46am Nov 2, 2018 8:46am
Quoting cfudge
{quote} Dude .....read first post...seriously!
I have found only these?
4. Use Finbonacci to determine SL and TP
  • #967
  • Nov 2, 2018 8:56am Nov 2, 2018 8:56am
Quoting mizi123
{quote} I have found only these? 4. Use Finbonacci to determine SL and TP

...here...
Attached Image (click to enlarge)
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Money is made by sitting, not trading. Jesse L. Livermore
  • #968
  • Nov 2, 2018 9:51am Nov 2, 2018 9:51am
Good ones, congrats ...tell us wich is your aproach to get in a trade, or you just follow the engulfing candles wherever are the trend?

Quoting widyantoro
Stress free, just imagine that use 0.01 lot today get 22$ {image}
  • #969
  • Nov 2, 2018 10:27am Nov 2, 2018 10:27am
Hello hzs10

Thanks for sharing this strategy, I will be following. I have been trading for about a year now and I find that engulfing bars in the direction of the bigger trend is the best and more profitable way to trade. I will follow the rules set down by you and update the thread with results. I will use the daily trend and daily support/resistance as an additional filter to place trades as that is how I like to trade.

Keep up the good work and profitable trading!
  • #970
  • Nov 2, 2018 11:34am Nov 2, 2018 11:34am
Quoting Badget01
Guys, you are talking about backtesting. Great. What you will find out? That one pair was 80% successful so you are going to trade it? I can backtest 100 strategies and they will be all successful. You know why? Because, you will say to yourself: here I would move to BE, here I would take profit, here I would not take that trade, here I would do that and there I would do that. You know, why you are not profitable and you dont have any trading system? Because you are looking for your holy grail, best would be to have about 90% profitable trades without...
I know this was posted early on in the thread but this is one of the best posts Iv'e come across in my 4 years of trading here on FF.
  • #971
  • Nov 2, 2018 4:10pm Nov 2, 2018 4:10pm
Quoting hzs10
My results since 7th Sep 2018 {image} {image} {image} {image} {image} {image}
Nasty string of losers there ( 21-9-2018) -what happened ?
every Saint has a past. Every Sinner has a Future
  • #972
  • Nov 2, 2018 5:00pm Nov 2, 2018 5:00pm
Quoting turnip15
{quote} Nasty string of losers there ( 21-9-2018) -what happened ?
Currencies are correlated in some form or another.
Sometimes, taking trades in correlated currencies is the equivalent of taking multiple positions in the same currency.
Interestingly, knowing if there is a correlation, you can hedge a position to lower your risk. (a different topic, for another thread, perhaps)

If you google "forex currency correlations" it should through up the major ones, and a few strategies as how to profit from them, or how to avoid multiplying your risk.
  • #973
  • Nov 2, 2018 6:09pm Nov 2, 2018 6:09pm
Quoting Trinquete
Good ones, congrats ...tell us wich is your aproach to get in a trade, or you just follow the engulfing candles wherever are the trend? {quote}
There's no special treatment, i just follow the rule, then if i late in the next candle (after engulf pattern) i make sure the next candle is not break the engulf candle, than take the open position. Just believed the rule. Open any pair that still at the rule and opportunity, open at the same time and close at the same time.
  • #974
  • Nov 4, 2018 3:37pm Nov 4, 2018 3:37pm
Quoting Axleman
{quote} thanks, fully engulfed it is !!!
May I ask what are your fibo level
  • #975
  • Nov 4, 2018 5:31pm Nov 4, 2018 5:31pm
Congrats to hzs10 on the creation of this system and for sharing it with all of us. The beauty of the system is in it's simplicity and I now use it for trading while I'm at work, all I need to do is sneak away for 10 mins every 4 hours and if there's a setup I can take it!! It's also great that she is willing to accept that the system can be improved upon, and when I trade from my PC I prefer to add some extra filters to the basic system that add some confluence to my trading decisions. My tuppence worth, I think that support/resistance would be a good fit to this system, no point taking a signal that trades straight into a zone, and signals taken at zones tend to be quite good. Keep up the good work and in time I think we could develop quite a robust system from this principles laid down in this thread....
  • #976
  • Nov 4, 2018 8:10pm Nov 4, 2018 8:10pm
is it correct like this?
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  • #977
  • Nov 4, 2018 8:31pm Nov 4, 2018 8:31pm
Quoting hzs10
{quote} I would take all if rules are met
Dear is this the right setup
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  • #978
  • Nov 4, 2018 9:12pm Nov 4, 2018 9:12pm
Hy hzs, how if like this?
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  • #979
  • Nov 4, 2018 10:48pm Nov 4, 2018 10:48pm
Hi all,

I have been following this forum and testing out this strategy for close to a month. Overall, it is simple to use and results were decent for short timeframe trading.

However, just a humble opinion. I realized that whatever an engulfing candle forms, there were times where the next candle will pull back to fibo 61.8/50.0 of the engulfing candle. Therefore, timing the entry at a better position will lead to a greater reward to risk ratio, sometimes 1.5:1, or even 3:1. You may use a sell limit or buy limit if you are afraid of missing out on the entry.

I wouldn't deny that they will be missed opportunities due to the price not retracing to fibo 61.8/50.0. After all, every trader has a different money management system.

Cheers. Stay green.
  • #980
  • Nov 5, 2018 12:08am Nov 5, 2018 12:08am
Quoting Jraganforex
Hy hzs, how if like this? {image}
Hello Mate
You nailed it. Looks good.
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