DislikedI was wondering what more experienced traders of this method thought about adding to a position where a second engulfing bar appears before the first has played out?Ignored
This was on daily TF not 4hr, probably similar
Chris
3
H4 Mobile Trading Simple Strategy 111 replies
Best Mobile for MT4 mobile platform? 14 replies
MT4 mobile can use to mobile phone with OS android, or iphone or blackberry? 5 replies
MT4 Mobile vs. MT4 Mobile SE - Significant difference? 0 replies
DislikedI was wondering what more experienced traders of this method thought about adding to a position where a second engulfing bar appears before the first has played out?Ignored
Disliked{quote} Concerning my earlier post regarding the fact that if an additional setup occurs during a trade of the same direction you can double (or more) the position size...Over 100s of trades across several pairs I have seen only 2 that did not work out. This was on daily TF not 4hr, probably similar ChrisIgnored
Disliked{quote} Hi Trinquete I saw D1 was lower high. See the two yellow arrows in my chart. Is this how you see your HH and HL? So I would not enter a buy at H4. In fact I sold based on the engulfing and turns up well.The trade is still in the running.Ignored
Disliked{quote} Concerning my earlier post regarding the fact that if an additional setup occurs during a trade of the same direction you can double (or more) the position size...Over 100s of trades across several pairs I have seen only 2 that did not work out. This was on daily TF not 4hr, probably similar ChrisIgnored
Disliked{quote} Hi Joseph, That lower high is not an actual lower high yet. Depending on how you define your swings, lower high on daily time frame will be confirmed if and only if October 26th low is penetrated. Regards, BlackeagleIgnored
Disliked{quote} Hi cfudge can you let me the post no? Maybe I did not read it. thanksIgnored
Disliked{quote} Thanks blackeagle. I attach the chart. Please tell me. I am completely lost. But I think take all valid engulfing bars that comes our way no matter counter trend or not. Because the statistics taken by me , I do not check back if it is counter trend or not. Like what cfudge says, it will turn up profitable in the long run. {image}Ignored
DislikedI had a wrong wiew of the daily chart because price reach a supply zone (where I like to sell), well today was a bussy day and I make that mistake. {image} {quote}Ignored
Disliked{quote} Thanks blackeagle. I attach the chart. Please tell me. I am completely lost.... {image}Ignored
Disliked{quote} Trinquete bro i think we made same mistake as a PA trader. We tend to look too far of the chart when we are only trading for the next few candles. I kept telling myself trade immediate trend trade immediate trend trade immediate trend! ... Im trying to break this habit. Any tips?Ignored
Disliked{quote} Yes, I mean that. After that swing low is penetrated, then we can say that the chart shows LH and LL which is the definition for downtrend. But this has nothing to do with this method of trading as strategy is using a different method to determine the trend. If you trade all engulfing bars no matter what the trend is, it is your choice. I just wanted to point out how a trend is determined in terms of HH-HL or LH-LL. Regards, BlackeagleIgnored
Disliked{quote} I tried the engulfing combine with HH-HL and have good results. Í think will stick here and develop my trading with the other fellow tradersIgnored
Disliked{quote} You are absolutely right. There is no way you can have your cake and eat it. Its either you want to be sure before you enter and lose some points or you need to manually adjust the SL and TP to suit your 1:1 ratio. But I always bring my BE to 100 once price hit 150 fibo and it helps a lot except for one trade GBPCHF I move to 100 and it got stop out If I have remained above 0 and not move to 100 I would have TP eventually. This is fx and there is always surprises. Oh... you can draw your fibo on the confirmation bar not engulfing....Ignored
Disliked{quote} Trinquete bro i think we made same mistake as a PA trader. We tend to look too far of the chart when we are only trading for the next few candles. I kept telling myself trade immediate trend trade immediate trend trade immediate trend! but i still analyse too much on higher timeframe Im trying to break this habit. Any tips?Ignored
Disliked{quote} I tried the engulfing combine with HH-HL and have good results. Í think will stick here and develop my trading with the other fellow tradersIgnored
Disliked{quote} Trinquete you mean you check HH or HL in H4 or daily? Can you give me an example? I seriously think its a good filter.Ignored