Hey guys, I am looking forward to short the e/j at the close of the 16:00-20:00 candle, we have a tc situation with a strong bearish engulfing candle. what do you thing guys, is this a good signal or a good signal?!

4 hour strategy (the nausbot - 4 hour trader) 12 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedHey guys, I am looking forward to short the e/j at the close of the 16:00-20:00 candle, we have a tc situation with a strong bearish engulfing candle. what do you thing guys, is this a good signal or a good signal?!Ignored
DislikedI may be wrong but I am not sure that candle meets my definition of bearish engulfing. It looks kind of sickly and although you need to see how it closes, I would expect some whipsaw. I personally wouldn't risk my money on it.
Hope that helps a little. To not have a position is a position.Look for A or A+ setups.
Ignored
DislikedYou mean sickly cause of the dots? Could u explain this more in detail?
I mean the close of the signal candle is below of the bodies of the last two small candles, so what is the matter with it?Ignored
DislikedYou mean sickly cause of the dots? Could u explain this more in detail?
I mean the close of the signal candle is below of the bodies of the last two small candles, so what is the matter with it?Ignored
DislikedHey guys, I am looking forward to short the e/j at the close of the 16:00-20:00 candle, we have a tc situation with a strong bearish engulfing candle. what do you thing guys, is this a good signal or a good signal?!Ignored
DislikedNobody took the long eurusd trade ?
MACD Zero Bounce + Pin bar on S/R, i saw it too late.Ignored
DislikedYes, I'm currently holding a long position on the Eur. Will post laterIgnored
DislikedHere's my trade for the day for only 20 pips. That is like 3 pips/hr...snore. The daily chart shows why I was looking for a long trade. Price is still in an uptrend. Candle 1 is a strong bullish candle that broke though stong resistance b/t 1.5 and 1.51. Candle #3 confirmed my long bias. Now I look for a TC on the 4 hr which occurred this morning, second chart. The 3rd chart shows the hourly and why I exited. One of the 2 candle is a hanging man and I forget what the other one is called, but 2 tails up like that told me to get out, plus the really...Ignored
DislikedHere's my trade for the day for only 20 pips. That is like 3 pips/hr...snore. The daily chart shows why I was looking for a long trade. Price is still in an uptrend. Candle 1 is a strong bullish candle that broke though stong resistance b/t 1.5 and 1.51. Candle #3 confirmed my long bias. Now I look for a TC on the 4 hr which occurred this morning, second chart. The 3rd chart shows the hourly and why I exited. One of the 2 candle is a hanging man and I forget what the other one is called, but 2 tails up like that told me to get out, plus the really...Ignored
DislikedMy virtual stop was below the indicating candle/ the TC candle/1.5018. However, I put my stop at real stop at 1.4972. The reason I do this is the same reason Welshguy does his this way. The candle pattern will take me out of the trade and not the price. I have been caught too many time with price just hitting my SL and then moving more in my original intended direction...and it really ticked me off. However, I don't put my SL as far away as Welshguy on days when I am at work b/c I can only make it back to my computer every 45 min to 1 hr. I'm also...Ignored
DislikedJust to set the record straight. The reason I am telling people this is so that people make up there own minds on when to trade. I had a very good summer (approx 4 months), increasing my balance on my account by 50%. However, I got over confident and thought I could see where the market was going before the candles would indicate a trade. As a result over a month period of time I blew my 50% and started from the beginning. I'm still working on becoming consistantly profitable, over the coming years. Again, the reason I am telling people this is...Ignored
DislikedJust to set the record straight. The reason I am telling people this is so that people make up there own minds on when to trade. I had a very good summer (approx 4 months), increasing my balance on my account by 50%. However, I got over confident and thought I could see where the market was going before the candles would indicate a trade. As a result over a month period of time I blew my 50% and started from the beginning. I'm still working on becoming consistantly profitable, over the coming years. Again, the reason I am telling people this is...Ignored