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Buy sell line trading

  • #781
  • Mar 20, 2012 9:41am Mar 20, 2012 9:41am
Awaiting bar close for confirmation of this EU H4 type 1 setup.

http://img813.imageshack.us/img813/7953/44375909.jpg
Consistency = Steady growth = Solid equity
  • #782
  • Mar 20, 2012 9:53am Mar 20, 2012 9:53am
Quoting NuBeez
Awaiting bar close for confirmation of this EU H4 type 1 setup.

http://img813.imageshack.us/img813/7953/44375909.jpg
Hi NuBees

Which is your broker?
I notice your H4 engulfig candlesticks are always look better than mine for trades.
  • #783
  • Mar 20, 2012 10:00am Mar 20, 2012 10:00am
Quoting yongezy
Hi NuBees

Which is your broker?
I notice your H4 engulfig candlesticks are always look better than mine for trades.
Hi Yongezy,

I use FOREX.com's VT Trader platform.
Consistency = Steady growth = Solid equity
  • #784
  • Mar 20, 2012 11:02am Mar 20, 2012 11:02am
Quoting NuBeez
Awaiting bar close for confirmation of this EU H4 type 1 setup.

http://img813.imageshack.us/img813/7953/44375909.jpg

No trade.
Consistency = Steady growth = Solid equity
  • #785
  • Mar 20, 2012 11:25am Mar 20, 2012 11:25am
GJ H4 type 1 setup

buy stop @ 133.04, stop loss @ 132.15, limit @ 134.00

http://img828.imageshack.us/img828/1041/22847837.jpg
Consistency = Steady growth = Solid equity
  • #786
  • Mar 20, 2012 12:02pm Mar 20, 2012 12:02pm
Hi NuBeez,
Your EU trade seems to me coming back from the dead.
Take a look also on GU

Quoting NuBeez
No trade.
  • #787
  • Mar 20, 2012 12:30pm Mar 20, 2012 12:30pm
Quoting The Camel
Hi NuBeez,
Your EU trade seems to me coming back from the dead.
Take a look also on GU
Hi The Camel,

Well the EU bar did not engulf the previous at close so that negated the setup. Also where those wicks are stalling on both pairs suggest we could be in for strong reversal, so I personally wouldn't take the GU setup.
Consistency = Steady growth = Solid equity
  • #788
  • Mar 20, 2012 2:30pm Mar 20, 2012 2:30pm
Quoting NuBeez
No trade.
Hi NuBeez,
In trying to better understand this system - does the last H4 EU candle not engulf the previous red one? I agree with the logic that the wicks raise cause for caution - but strictly looking at the engulfinfg issue I thought it would qualify. Your thoughts would be appreciated.
  • #789
  • Edited 4:52pm Mar 20, 2012 4:39pm | Edited 4:52pm
Quoting dmostpips
Hi NuBeez,
In trying to better understand this system - does the last H4 EU candle not engulf the previous red one? I agree with the logic that the wicks raise cause for caution - but strictly looking at the engulfinfg issue I thought it would qualify. Your thoughts would be appreciated.

Hi dmostpips,

Just saw your post. The bar must completely engulf both the open and close of the previous bar. So the open and close of the previous must be within the engulfing bar. I have my 12:00pm bar closing lower than the 8:00am open.
Consistency = Steady growth = Solid equity
  • #790
  • Mar 20, 2012 5:31pm Mar 20, 2012 5:31pm
Quoting NuBeez
Hi dmostpips,

Just saw your post. The bar must completely engulf both the open and close of the previous bar. So the open and close of the previous must be within the engulfing bar. I have my 12:00pm bar closing lower than the 8:00am open.
Yes I was looking back one further - my 8:00 a.m. H4 close was a tall bullish that engulfed the previous red H4, and was above the 50 MA, so could have been a long signal. No matter though - lots more to come. It was very close (within a pip?) of engulfing anyway so not a strong one. And 50MA prety flat.
Good pipping tp you.
  • #791
  • Mar 20, 2012 5:34pm Mar 20, 2012 5:34pm
Quoting dmostpips
Yes I was looking back one further - my 8:00 a.m. H4 close was a tall bullish that engulfed the previous red H4, and was above the 50 MA, so could have been a long signal. No matter though - lots more to come. It was very close (within a pip?) of engulfing anyway so not a strong one. And 50MA prety flat.
Good pipping tp you.
Cool, thanks and good pipping to you too.
Consistency = Steady growth = Solid equity
  • #792
  • Mar 20, 2012 5:36pm Mar 20, 2012 5:36pm
Quoting NuBeez
GJ H4 type 1 setup

buy stop @ 133.04, stop loss @ 132.15, limit @ 134.00

http://img828.imageshack.us/img828/1041/22847837.jpg
buy entry changed to 132.91 as lower risk type 1 setup developed at close of 4:00pm bar.
Consistency = Steady growth = Solid equity
  • #793
  • Mar 20, 2012 6:08pm Mar 20, 2012 6:08pm
Quoting Ap3
S AJ 82, STOP 25.
Half 35
Rest 1
Net +18
Attached Image (click to enlarge)
Click to Enlarge Name: 032012 s aj 82 h4.gif Size: 23 KB
  • #794
  • Mar 20, 2012 6:48pm Mar 20, 2012 6:48pm
Quoting Ap3
Half 35
Rest 1
Net +18
Hi Ap3,
Aside from a different candle look which I assume is broker/time frame varience, your candles crossed below the MA line much earlier than mine - in fact mine is just nudging the line now. You must be using something other tham SMA50? If so has it been performing as well? better?
Thanks.
  • #795
  • Mar 20, 2012 7:21pm Mar 20, 2012 7:21pm
Long EU on H4 type 1 setup at 1.3242, stop loss @ 1.3213, limit @ 1.3310

http://img254.imageshack.us/img254/4449/eunow.jpg
Consistency = Steady growth = Solid equity
  • #796
  • Mar 20, 2012 10:16pm Mar 20, 2012 10:16pm
Quoting dmostpips
Hi Ap3,
Aside from a different candle look which I assume is broker/time frame varience, your candles crossed below the MA line much earlier than mine - in fact mine is just nudging the line now. You must be using something other tham SMA50? If so has it been performing as well? better?
Thanks.
Post #703.
  • #797
  • Mar 20, 2012 10:17pm Mar 20, 2012 10:17pm
L EJ 09, STOP 81.
Attached Image (click to enlarge)
Click to Enlarge Name: 032012 l ej 09 h1.gif Size: 24 KB
  • #798
  • Mar 21, 2012 3:29am Mar 21, 2012 3:29am
You are right about those stalling wicks. However, take a look at my screenshots. Bodies seem engulfed. My FXCM station TF is GMT-4. I thought that 4H candles with TF at GMT or GMT +/- 4 and its multiples should look the same. What do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: EU 4H.jpg Size: 103 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.jpg Size: 87 KB


Quoting NuBeez
Hi The Camel,

Well the EU bar did not engulf the previous at close so that negated the setup. Also where those wicks are stalling on both pairs suggest we could be in for strong reversal, so I personally wouldn't take the GU setup.
  • #799
  • Mar 21, 2012 3:46am Mar 21, 2012 3:46am
Quoting NuBeez
GJ H4 type 1 setup

buy stop @ 133.04, stop loss @ 132.15, limit @ 134.00

http://img828.imageshack.us/img828/1041/22847837.jpg
closed +33
Consistency = Steady growth = Solid equity
  • #800
  • Mar 21, 2012 3:47am Mar 21, 2012 3:47am
Quoting NuBeez
Long EU on H4 type 1 setup at 1.3242, stop loss @ 1.3213, limit @ 1.3310

http://img254.imageshack.us/img254/4449/eunow.jpg
closed +40
Consistency = Steady growth = Solid equity
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