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Buy sell line trading

  • #741
  • Mar 19, 2012 7:51am Mar 19, 2012 7:51am
Quoting Ap3
S EJ 74, STOP 97.
Half 25
Half 30
Net +27
Attached Image (click to enlarge)
Click to Enlarge Name: 031812 ej short 74 h1.jpg Size: 87 KB
  • #742
  • Mar 19, 2012 7:57am Mar 19, 2012 7:57am
Quoting fxtr51
In the rules on page 1, I read this
The indicator is checking exactly this, now it should check something else ?

Sorry, no it isnīt redundant.

If both bodies are identical and an engulfing candle needs a bigger
body than candle 1, it must be checked.

In all documents I have about candle patterns, an engulfing candle
must have a greater body than candle 1.

You call that "classic engulfing".

What is your new definition of "engulfing" ?
I need a precise definition .


It looks like "engulfing bearish" for you is simply a bullish candle...
I,too, believe that the condition for the Open of signal candle is not needed, the Open may be a few pips below or above or equal to the close of previous candle for both bullish and bearish engulfing; however the Close of signal candle should engulf the body of previous candle
Regards
  • #743
  • Mar 19, 2012 7:58am Mar 19, 2012 7:58am
SH EU 53, STOP 71.
Attached Image (click to enlarge)
Click to Enlarge Name: 031812 sh eu 53 h1.gif Size: 21 KB
  • #744
  • Mar 19, 2012 8:04am Mar 19, 2012 8:04am
Quoting Ap3
SH EU 53, STOP 71.

In this one too. We'll see how it goes...

Olu
If you think you can or cannot do it you are correct
  • #745
  • Mar 19, 2012 8:19am Mar 19, 2012 8:19am
Ap3

What's you strat on this one. It seems to me that it doesn't fit this thread's rules. Please explain.
Also, what MA (yellow) are you using?

Thanks
Quoting Ap3
SH EU 53, STOP 71.
  • #746
  • Mar 19, 2012 8:22am Mar 19, 2012 8:22am
Quoting The Camel
Ap3

What's you strat on this one. It seems to me that it doesn't fit this thread's rules. Please explain.
Also, what MA (yellow) are you using?

Thanks
Post #703.
  • #747
  • Mar 19, 2012 8:36am Mar 19, 2012 8:36am
I'm finished posting in this thread now. I've shared all the information I have and I'm sure it will help your trading if like me you have had trouble with discipline and consistency.

Everything you need to trade this strategy, or variations of it is already here in the first few pages.

I have set up a skype group but it is strictly for trading the strategy as laid out in the first post.

If anyone wants to join then P.M me your skype contact and I will add you.

Good luck to everyone and make pips!

Plan your trading and stick to your plan !!!
tradewith60
  • #748
  • Mar 19, 2012 8:41am Mar 19, 2012 8:41am
Hi 60MM
Thanks for the new colored charts. They are so much easier to read.

I really believe the logic behind this system is one of the best I've seen on FF.
I have done a limited amount of visual back testing using the following criteria:
Normal set up with 50 ema.
Manually move stop loss as price moves in my favor, until SL reaches break even, then leave it set there until either reach TP or Stopped Out.
Initial take profit is (not 1:1) but 1:1.612.
Exit 2/3 of position and hold remainder until close below 50 ema.
Results have been very favorable.
regards
gmcc
  • #749
  • Mar 19, 2012 8:41am Mar 19, 2012 8:41am
Tried to read as much as possible of the 50 pages in this thread but I must have missed post #703
OK Ap3. Great work done over there, backtesting manually with very promising results. Method looks sound to me.
I'll certainly add this MA to see how it works.

Thank you!
Quoting Ap3
Post #703.
  • #750
  • Mar 19, 2012 8:54am Mar 19, 2012 8:54am
Quoting 60minuteman
[b]I'm finished posting in this thread now. I've shared all the information I have and I'm sure it will help your trading if like me you have had trouble with discipline and consistency.

Everything you need to trade this strategy, or variations of it is already here in the first few pages.

I have set up a skype group but it is strictly for trading the strategy as laid out in the first post.

If anyone wants to join then P.M me your skype contact and I will add you.

Good luck to everyone and make pips!

Plan your trading and stick to your plan...
60minuteman,

As a long time FF (amongst various other fx sites) reader...thank you for taking the time to outline and present this strategy! I firmly believe in the simpler the better methodology and I can't wait to start working with this. I don't have a Skype account, but I may get one just to stay in touch with the strategy and setups. Thanks again and the best of luck!
  • #751
  • Mar 19, 2012 9:17am Mar 19, 2012 9:17am
Hi everyone!

This gold trade is valid right?

Thnx in advance
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 15 KB
  • #752
  • Mar 19, 2012 9:28am Mar 19, 2012 9:28am
THANK YOU 60MinuteMan

You must have some very good employees at your business for you to have been able to steal the time from your business to share your system and I greatly appreciate that.
thanks again
gmcc
  • #753
  • Mar 19, 2012 9:30am Mar 19, 2012 9:30am
Quoting 60minuteman
[b]I'm finished posting in this thread now. I've shared all the information I have and I'm sure it will help your trading if like me you have had trouble with discipline and consistency.

Everything you need to trade this strategy, or variations of it is already here in the first few pages.

I have set up a skype group but it is strictly for trading the strategy as laid out in the first post.

If anyone wants to join then P.M me your skype contact and I will add you.

Good luck to everyone and make pips!

Plan your trading and stick to...

60mm, thanks very much for all that you have shared!
Very much appreciated!
Consistency = Steady growth = Solid equity
  • #754
  • Mar 19, 2012 9:31am Mar 19, 2012 9:31am
Quoting Robst3r
Hi everyone!

This gold trade is valid right?

Thnx in advance
Yes but those lower wicks and higher low need to be watched.
Consistency = Steady growth = Solid equity
  • #755
  • Mar 19, 2012 9:32am Mar 19, 2012 9:32am
Hi guys,
I thought I get your input on this.. If AUDJPY maintain this picture by the end of the 4hr bar, would we enter our orders?

Thanks...
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyh4.gif Size: 25 KB
  • #756
  • Mar 19, 2012 9:44am Mar 19, 2012 9:44am
Quoting Ap3
SH EU 53, STOP 71.
Stop out -19.
Attached Image (click to enlarge)
Click to Enlarge Name: 031912 sh eu 53 h1.jpg Size: 83 KB
  • #757
  • Mar 19, 2012 9:52am Mar 19, 2012 9:52am
Quoting 60minuteman
[b]I'm finished posting in this thread now. I've shared all the information I have and I'm sure it will help your trading if like me you have had trouble with discipline and consistency.

Everything you need to trade this strategy, or variations of it is already here in the first few pages.

I have set up a skype group but it is strictly for trading the strategy as laid out in the first post.

If anyone wants to join then P.M me your skype contact and I will add you.

Good luck to everyone and make pips!

Plan your trading and stick to...
60minuteman

It is sad to hear you left the thread.

I can't pursue you to return. I notice too many good threads once the creators left, eventually the threads turn inactive, many become dormant.

I do hope you would consider to just post your trades. A way thread to keep the thread. I have good feeling many new traders would find your trading method workable. Comments are not necessary as your trading method is simple enough, isn't guys?

Many thanks for your kindness in sharing the 50sma.
  • #758
  • Mar 19, 2012 9:53am Mar 19, 2012 9:53am
Do most of you do continuation trades on the same pair? For example, you have a buy signal.....market goes in your favor 50 pips, pulls back, but is still above the SMA then you get another engulfing candle and the market continues in that direction. Do you just add to your position or will you not take the continuation trades?
  • #759
  • Mar 19, 2012 9:54am Mar 19, 2012 9:54am
Quoting NuBeez
Long GJ 132.00,stop loss @ 131.50, limit @ 133.40
Long EJ 109.46,sop loss @ 109.10, limit @ 110.50

H4 TYPE 2 SETUPS
Stops @ break even
Consistency = Steady growth = Solid equity
  • #760
  • Mar 19, 2012 10:23am Mar 19, 2012 10:23am
Quoting distantpulse
Do most of you do continuation trades on the same pair? For example, you have a buy signal.....market goes in your favor 50 pips, pulls back, but is still above the SMA then you get another engulfing candle and the market continues in that direction. Do you just add to your position or will you not take the continuation trades?
Hi dp,

I have been experimenting with this. Not so confident applying it live just yet.
Consistency = Steady growth = Solid equity
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