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Simple H4 Mobile Trading System

  • #2,161
  • Jan 26, 2019 10:22pm Jan 26, 2019 10:22pm
Quoting Booghie
HI AkronD, in the first case was an engulfing created by a news, something artificial and avoiding the future, and in the case of two, you had a consolidation area before, so to avoid it. You do not have to take all the positions, the secret in forex, from my point of view, are the positions you do not take, those with the low rate of success.
Thanks for the good feedback mate. Can i ask how you were able to correlate the news? Do you follow a process? I don't think Post #1 and #2 talk about news although i can see how news can clearly send trades in all directions.
  • #2,162
  • Jan 26, 2019 10:24pm Jan 26, 2019 10:24pm
Quoting cfudge
In my opinion I feel with this method you need to take every signal. NO MATTER WHAT!!! I can show you many examples of filtered trades that did not make it and I can show you trades that looked bad but made it. I will add that I trade differently than page 1. This difference is why I do not filter trades, I have tested close to a thousand trades on over a dozen pairs going back 5 years in some pairs and I am confident in trading this without filters. If you look back a few pages you will see how I trade and which pairs to use (win rates over 65%)...
Okay, i think all the trading systems fall in similar pit traps. Whenever trades go pear shape, its always about a SR or some strange level which i didn't spot. Your comments are interesting - so you are trading this strategy devoid of Price Action?
  • #2,163
  • Jan 26, 2019 10:25pm Jan 26, 2019 10:25pm
Quoting snail69
{quote} After such huge candle there is to be a pullback, especially when it is end of AB=CD. {image}
What is AB=CD?

Thanks mate.
  • #2,164
  • Jan 26, 2019 10:26pm Jan 26, 2019 10:26pm
Quoting snail69
{quote} Here you were buying into Supply/Demand zone. Big round number 110.00, lots of spikes... Have different candles as my 4 h interval is other. On the other hand there is a signal outside red candle with bodies engulfed, closed crossing 8 ema, signaling a major move down. {image} {image}
Actually to me it feels like a consolidation period. I can see that there are no high highs, but there are higher lows. Another reason i was expecting this one to work.

Thoughts?
  • #2,165
  • Jan 26, 2019 10:28pm Jan 26, 2019 10:28pm
Quoting snail69
Same here. Price crossed ema 30, crossed as body engulfed outside candle and closed under 8 ema. Now it is a free trade. {image}
Have the rules changed from Post #1, i don't recall a 8EMA?

Thanks in advance.
  • #2,166
  • Jan 26, 2019 10:46pm Jan 26, 2019 10:46pm
Quoting AkronD
{quote} What is AB=CD? Thanks mate.
There is a long journey in front of you...good luck.
  • #2,167
  • Jan 26, 2019 11:31pm Jan 26, 2019 11:31pm
Quoting snail69
{quote} There is a long journey in front of you...good luck.
All good mate. Thanks.
  • #2,168
  • Jan 27, 2019 6:28am Jan 27, 2019 6:28am
Quoting AkronD
Guys - looking for some assistance. Took the following trade last week: {image} -90 pips (on demo). Would be helpful if you could point out what could be wrong. Thanks in advance.
Looks like a 'news-candle' to me. Usually those candles do not produce valid signals.
  • #2,169
  • Jan 27, 2019 6:31am Jan 27, 2019 6:31am
Quoting AkronD
How about this one - lost 35 pips or so. {image} This one did goto 150, so could have got out. Thanks in Advance.
Close to previous, recent resistance. Be careful, if you take these trades make sure you cover in time.
  • #2,170
  • Jan 27, 2019 2:14pm Jan 27, 2019 2:14pm
Quoting BataviaTrade
{quote} Looks like a 'news-candle' to me. Usually those candles do not produce valid signals.
How do you know its a news candle?

Thanks mate.
  • #2,171
  • Jan 27, 2019 5:35pm Jan 27, 2019 5:35pm
Quoting AkronD
{quote} How do you know its a news candle? Thanks mate.
Look on the forex factory calendar
  • #2,172
  • Jan 27, 2019 10:01pm Jan 27, 2019 10:01pm
Initiated additional position just now.
Attached Image (click to enlarge)
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  • #2,173
  • Jan 27, 2019 10:16pm Jan 27, 2019 10:16pm
Took 2 trades:

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #2,174
  • Jan 27, 2019 10:26pm Jan 27, 2019 10:26pm
Quoting hzs10
Rules 1. Add EMA 30 to chart 2. Follow the trend 3. Long at next open bar when Bullish Engulf bar 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 Notes: - I dont need people to tell me what to do. I am not a new trader, I know what I am doing. - Please read title and simple rules clearly. If not ask politely. - This strategy is meant to show trading is possible using JUST phone and still profitable. - I dont need people to develop EA or indicators for me....
What is the time frame for this strategy?
  • #2,175
  • Jan 27, 2019 11:00pm Jan 27, 2019 11:00pm
Quoting studio606
{quote} What is the time frame for this strategy?
4HR
  • #2,176
  • Jan 27, 2019 11:07pm Jan 27, 2019 11:07pm
Quoting studio606
{quote} What is the time frame for this strategy?
Title of this thread :

Simple H4 Mobile Trading System
  • #2,177
  • Jan 27, 2019 11:28pm Jan 27, 2019 11:28pm
From this morning as well.
Attached Image (click to enlarge)
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  • #2,178
  • Jan 28, 2019 5:15am Jan 28, 2019 5:15am
This one from last week closed out TP
Attached Image (click to enlarge)
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  • #2,179
  • Jan 28, 2019 8:29am Jan 28, 2019 8:29am
Quoting AkronD
{quote} How do you know its a news candle? Thanks mate.
by size and shape
  • #2,180
  • Jan 28, 2019 8:48am Jan 28, 2019 8:48am
Quoting Ivanyo
This one from last week closed out TP {image}
Hi Ivanyo, just out of curiosity, which candle do you qualify as engulfing on this chart?
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