{quote} For euraud, the rule said: when there is a bearish engulfing bar under ma, then short. I don't think euraud meets the rule.
Ignored
Hi DB, thanks for bringing that up, I did not notice that, but will take that into account from now. Are you trading this system yourself? How you're getting on with it?
{quote} Hi DB, thanks for bringing that up, I did not notice that, but will take that into account from now. Are you trading this system yourself? How you're getting on with it? Have a great day! BT
Ignored
I did refer this idea. I also print out 4hr charts, and manually check which engulfing success and which fail. I found small engulfing and engulfing at the extreme fails.
cheers
{quote} I did refer this idea. I also print out 4hr charts, and manually check which engulfing success and which fail. I found small engulfing and engulfing at the extreme fails. cheers
Ignored
Good idea about the printing. For that purpose I will change my charts template to a white background colour, so I can do the same.
Hello traders, this is my first trade, I will stick to the rules, anybody still using this?? Possible SELL USDJPY {image} I'm using XM broker
Ignored
I would not have taken that trade, higher lows, forming of funnel, and price is just flocking around the EMA going nowhere. It's waiting to break out of that funnel.
{quote} I did refer this idea. I also print out 4hr charts, and manually check which engulfing success and which fail. I found small engulfing and engulfing at the extreme fails. cheers
Ignored
btw, what do you mean with 'engulfing at the extreme' ? Can you share sample chart?
Updates Jan has a total increment of 14.7% in profit. Nothing changes, follow everything stated in post #2. Traditional information always teach management %risk. However i would like to say if you are in the learning process or testing a strategy, sticking to a fixed lot size can train your discipline and and trading psychology. If you cant afford to lose the amount you risk, trade the smallest lot size 0.01 for a period. I have traded 0.1 lot size for the 5th month and see a constant result of profit in, and i dont increase when i see a good profit...
Simple H4 Mobile Trading System
Anyone want to share results ?
