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Simple H4 Mobile Trading System

  • #2,001
  • Jan 17, 2019 6:17am Jan 17, 2019 6:17am
Quoting jpctop
{quote} No, here it is not an outsidebar. Look at the highest of the candle that does not exceed there previous {image}
I'm just following OP's rules, it ain't hard...

Rules
1. Add EMA 30 to chart
2. Follow the trend
3. Long at next open bar when Bullish Engulfbar is formed above EMA30, and short at next open bar when Bearish Enguld bar is formed below EMA 30.
4. Use Finbonacci to determine SL and TP
  • #2,002
  • Jan 17, 2019 6:19am Jan 17, 2019 6:19am
Quoting vianiah
Simple Tip: Add Stoc with 8,3,3 settings, then wait for the new bar, because usually a retracement will happen after the engulfing bar is closed. Plot your fibo just like the instructions, and wait for the retracement around 61.8 or 50, then you can say that its a valid engulfing bar. Then trade it. Also refer to the support and resistance it might give you an idea where the trend will end.
This is a very good observation. Place a pending around 50% retrace and can get better RR, like shown in pic. 25x65 pips
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  • #2,003
  • Jan 17, 2019 6:29am Jan 17, 2019 6:29am
Quoting MzansiObi
XAUUSD seems to have a valid buy setup. Will use small lot size though. Stay Green
It seems to be valid buy, but it's not coz Gold has been ranging for a while now... Wait until it breaks the range, but I could be wrong though...

Just giving you additional insights.. That is why you're good with using small lot size..
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We're not here to be right, we're here to Profit Consistently!
  • #2,004
  • Jan 17, 2019 6:39am Jan 17, 2019 6:39am
Quoting ranilo.vince
{quote} It seems to be valid buy, but it's not coz Gold has been ranging for a while now... Wait until it breaks the range, but I could be wrong though... Just giving you additional insights.. That is why you're good with using small lot size.. {image}
Vince.

Thats exactly why the smaller lot sizes.
Have been selling high and buying low all week on Gold due to the ranging nature of the pair, just been using tight SL and trailing as soon as i move into profits on it.
The Pending Buy order is at 1295.2
am currently short on it from 1294 looking to retest 1289 handle again.
Trade safe and keep taking the pips the market gives...they all add up at the end of the day.


Tah
4&1 All Time Profit: $37,496
  • #2,005
  • Edited 9:36am Jan 17, 2019 6:43am | Edited 9:36am
Quoting Ivanyo
{quote} I'm just following OP's rules, it ain't hard... Rules 1. Add EMA 30 to chart 2. Follow the trend 3. Long at next open bar when Bullish Engulfbar is formed above EMA30, and short at next open bar when Bearish Enguld bar is formed below EMA 30. 4. Use Finbonacci to determine SL and TP
Thank you .
Read his post N 47
My English is not my native language. But It indicates high and low no only body
  • #2,006
  • Jan 17, 2019 6:44am Jan 17, 2019 6:44am
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  • #2,007
  • Jan 17, 2019 6:53am Jan 17, 2019 6:53am
Quoting MzansiObi
{quote} Vince. Thats exactly why the smaller lot sizes. Have been selling high and buying low all week on Gold due to the ranging nature of the pair, just been using tight SL and trailing as soon as i move into profits on it. The Pending Buy order is at 1295.2 am currently short on it from 1294 looking to retest 1289 handle again. Trade safe and keep taking the pips the market gives...they all add up at the end of the day. Tah
Correct! A profit is a profit.. Don't be shy to take them.. hehe
We're not here to be right, we're here to Profit Consistently!
  • #2,008
  • Jan 17, 2019 8:51am Jan 17, 2019 8:51am
Quoting jpctop
{image}
TP hit
  • #2,009
  • Jan 17, 2019 9:47am Jan 17, 2019 9:47am
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This is a engulfing?
I checked the trend and it is downward, I would like to understand if I'm reasoning well. I noticed that it is not perfectly a engulfing.
but I would like an opinion from some expert, I'm in profit but I would like to understand if I'm reasoning well. Thanks
  • #2,010
  • Jan 17, 2019 12:40pm Jan 17, 2019 12:40pm
Quoting Ivanyo
{quote} I'm just following OP's rules, it ain't hard... Rules 1. Add EMA 30 to chart 2. Follow the trend 3. Long at next open bar when Bullish Engulfbar is formed above EMA30, and short at next open bar when Bearish Enguld bar is formed below EMA 30. 4. Use Finbonacci to determine SL and TP
Hello! Why did you knock the EURCHF breakeven if the price did not reach Fibo 150?
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  • #2,011
  • Jan 17, 2019 2:19pm Jan 17, 2019 2:19pm
Quoting Cirakacima
{quote} Hello! Why did you knock the EURCHF breakeven if the price did not reach Fibo 150? {image} {image}
Which trade you talking about? Both hit 1.5 fib levels my friend...
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Separately, another TP
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  • #2,012
  • Jan 17, 2019 2:38pm Jan 17, 2019 2:38pm
Quoting Ivanyo
{quote} Which trade you talking about? Both hit 1.5 fib levels my friend... {image} {image} Separately, another TP {image}
I compare yours and my transactions, I get a bad result, I spin around zero
  • #2,013
  • Jan 17, 2019 4:09pm Jan 17, 2019 4:09pm
Quoting Cirakacima
{quote} I compare yours and my transactions, I get a bad result, I spin around zero
Not quite sure what you mean - your trade did hit 150 fib level. See below from your screenshot.
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  • #2,014
  • Jan 17, 2019 9:01pm Jan 17, 2019 9:01pm
Is this a valid trade? AUDNZD
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  • #2,015
  • Jan 17, 2019 10:23pm Jan 17, 2019 10:23pm
Quoting dothieugia
Is this a valid trade? AUDNZD {image}
technically yes, but i don't like how it's at the top of the range and not a swing low

it means that i think it probably is going to retrace before going up again
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  • #2,016
  • Jan 18, 2019 12:19am Jan 18, 2019 12:19am
I have another winner

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And two in progress
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  • #2,017
  • Jan 18, 2019 12:34am Jan 18, 2019 12:34am
Quoting jpctop
I have another winner {image} And two in progress {image} {image}
weird...i don't have those engulfings

might be your broker (or mine...)
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  • #2,018
  • Jan 18, 2019 12:40am Jan 18, 2019 12:40am
Quoting Ivanyo
{quote} weird...i don't have those engulfings might be your broker (or mine...) {image} {image}
Same with me. My chart did not show Engulfing
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  • #2,019
  • Jan 18, 2019 1:12am Jan 18, 2019 1:12am
Quoting Ivanyo
{quote} weird...i don't have those engulfings might be your broker (or mine...) {image} {image}
This is the problem with candles H4, D1 ... which will be different, from one time zone to another.

You are using a utc +11 timezone (are you from Australia?)
I am UTC 0 (London)

The formation of the candle H4 will be different.
I think a closing H4 difference of 2 hours between us.
  • #2,020
  • Jan 18, 2019 1:24am Jan 18, 2019 1:24am
Good trades yesterday.
Wish i risked more
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