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H4 Power

  • #221
  • Apr 18, 2013 2:59am Apr 18, 2013 2:59am
im in BRENT and USD/SEK counter moves
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tradewith60
  • #222
  • Apr 18, 2013 3:03am Apr 18, 2013 3:03am
H4 closed down on BRENT, countertrend, not trending off the low... closed it
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tradewith60
  • #223
  • Apr 18, 2013 3:08am Apr 18, 2013 3:08am
thanks for your reply !

i shall experiment it and see which entries is better
thanks!

For tp, I sa wyour post which mentioned as below
Quote
With trend:
1. trail behind the last closed h4

2. next weekly s/r line

3. hedge at the next s/r line until price gives me more information < What do you mean by hedge here ? If im a buy position, are you saying i should put a sell position at the s/r to hedge it ? when to release the hedge then?



Countertrend:
1.Tp at next daily or weekly s/r

as for trend, do you look at bigger trend is h4 .. or the most recent one ? ..

look at this.. example
eur usd h4
Attached Image (click to enlarge)
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so which trend are you considering ?
  • #224
  • Apr 18, 2013 3:42am Apr 18, 2013 3:42am
Quoting Jasper Ng
thanks for your reply ! i shall experiment it and see which entries is better thanks! For tp, I sa wyour post which mentioned as below as for trend, do you look at bigger trend is h4 .. or the most recent one ? .. look at this.. example eur usd h4 {image} so which trend are you considering ?
trend should be obvious. EU weekly is starting to trend up, daily is non trending, h4 non trending too, although the most recent move has been down from new weekly high.... So EU trend is undecided but daily has turned down AND closed below S/R indicating a move to weekly s/r at least.

with regard the hedging... lets say you were in eu h4 short yesterday and you saw it hitting weekly s/r where it could stop(see chart), EU weekly is trending up after all... but you feel this entry could keep running? you want to stay in but you also want to protect your win, at least until you see another h4 or 2 close to give you more information... so you leave your short open and drop a long trade on the weekly s/r...
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tradewith60
  • #225
  • Apr 18, 2013 3:48am Apr 18, 2013 3:48am
Quoting 60minuteman
H4 closed down on BRENT, countertrend, not trending off the low... closed it {image}
formed some pin but am sure u walked away with some few pips looks like the best trades are with the trend where price is below Mas for short and above Mas for long
thankyou gregwilson
  • #226
  • Apr 18, 2013 3:55am Apr 18, 2013 3:55am
Quoting njokie
formed some pin but am sure u walked away with some few pips looks like the best trades are with the trend where price is below Mas for short and above Mas for long
yeah can be that way unless you manage to hit the trend turning point (not that often).

I want to grab an m15 entry and h4 to start trending straight away, (personal decision, certainly not the only way to play it...)
tradewith60
  • #227
  • Edited 4:32am Apr 18, 2013 4:14am | Edited 4:32am
Quoting 60minuteman
trend should be obvious. EU weekly is starting to trend up, daily is non trending, h4 non trending too, although the most recent move has been down from new weekly high.... So EU trend is undecided but daily has turned down AND closed below S/R indicating a move to weekly s/r at least. with regard the hedging... lets say you were in eu h4 short yesterday and you saw it hitting weekly s/r where it could stop(see chart), EU weekly is trending up after all... but you feel this entry could keep running? you want to stay in but you also want to protect...
Oh i understand the hedge . Thanks!

you talked about eur yen, please advise if my analysis is correct . Thanks!

h4 chart

Attached Image (click to enlarge)
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m15
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as i see m 15 it was facing resistance, i didnt enter yet, now im hoping to see inside bar, engulfing or outside bar in m15 .. for entry. tp will be at the daily s/r as indicatedi n h4.

Update::
Attached Image (click to enlarge)
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I just realised there was an engulfing already .. which i mislook .. i have missed the entry point now.


Update 2:
It seems that i missed h4 s/r which is indicated here too ... so .. this is abit tricky now. would be better if i can see another h4 engulfing closoing above the h4 s/r

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  • #228
  • Apr 18, 2013 4:27am Apr 18, 2013 4:27am
Quoting Jasper Ng
Oh i understand the hedge . Thanks! you talked about eur yen, please advise if my analysis is correct . Thanks! h4 chart {image} m15 {image} as i see m 15 it was facing resistance, i didnt enter yet, now im hoping to see inside bar, engulfing or outside bar in m15 .. for entry. tp will be at the daily s/r as indicatedi n h4. Update:: {image} I just realised there was an engulfing already .. which i mislook .. i have missed the entry point now.
To be honest, im unsure on EJ, daily closed down but not below s/r so im guessing the weekly up is still in control for now.

Best advice I can offer right now... im waiting for a bit more info and clearer direction...
tradewith60
  • #229
  • Apr 18, 2013 4:36am Apr 18, 2013 4:36am
derp... someone made a bad call on Brent...
tradewith60
  • #230
  • Apr 18, 2013 4:37am Apr 18, 2013 4:37am
Quoting 60minuteman
To be honest, im unsure on EJ, daily closed down but not below s/r so im guessing the weekly up is still in control for now. Best advice I can offer right now... im waiting for a bit more info and clearer direction...
Is this the same S/R shown below that you are talking about ?

weekly
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daily
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  • #231
  • Apr 18, 2013 4:47am Apr 18, 2013 4:47am
Quoting 60minuteman
derp... someone made a bad call on Brent...
at times like this when one feels like pulling hair its going up up
thankyou gregwilson
  • #232
  • Apr 18, 2013 4:54am Apr 18, 2013 4:54am
Gold could end up with a 2bar after 4h close....lets see
thankyou gregwilson
  • #233
  • Apr 18, 2013 4:55am Apr 18, 2013 4:55am
Quoting Jasper Ng
Is this the same S/R shown below that you are talking about ? weekly {image} daily {image}
ummm not exactly what i mean...


Ok, this bit is the MOST important part about price action...so don't forget this..

for h4 to change direction (trend) it has to engulf or close over h4 s/r....once we get a h4 engulf then it WILL go to the next higher tf s/r (daily)... now it may have already hit daily s/r when it engulfs, you need to check that and be aware of it.

This is the same for every TF...

H1 ENGULF - TO H4 S/R
H4 ENGULF - DAILY S/R
DAILY ENGULF - WEEKLY S/R

So on EJ when weekly engulfed long a week or so ago we know its going to go and hit a monthly s/r line before it stops/retraces.... we then had a daily engulf short saying down to weekly s/r... which we hit... so now if we were to continue long on weekly we would expect daily to be closing up over daily s/r and it's not... yet... daily has stopped trending so we must look to the lower tf's for where the trend is starting...

it's a lot to explain in one post and really is another thread in itself... but for me movement of price is not random it can be tracked from s/r to s/r up and down the tf's....
tradewith60
  • #234
  • Apr 18, 2013 5:05am Apr 18, 2013 5:05am
am on buy on e/j
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thankyou gregwilson
  • #235
  • Apr 18, 2013 5:12am Apr 18, 2013 5:12am
Quoting 60minuteman
ummm not exactly what i mean... Ok, this bit is the MOST important part about price action...so don't forget this.. for h4 to change direction (trend) it has to engulf or close over h4 s/r....once we get a h4 engulf then it WILL go to the next higher tf s/r (daily)... now it may have already hit daily s/r when it engulfs, you need to check that and be aware of it. This is the same for every TF... H1 ENGULF - TO H4 S/R H4 ENGULF - DAILY S/R DAILY ENGULF - WEEKLY S/R So on EJ when weekly engulfed long a week or so ago we know its going to go and hit...
Great post mate
  • #236
  • Apr 18, 2013 5:27am Apr 18, 2013 5:27am
Ok folks, not on my charts today. Any signals for today ?
  • #237
  • Apr 18, 2013 5:38am Apr 18, 2013 5:38am
Quoting whatfx
Ok folks, not on my charts today. Any signals for today ?
the smart money is on brent long... for now... managed to talk myself out of my long
tradewith60
  • #238
  • Apr 18, 2013 6:24am Apr 18, 2013 6:24am
What about this one? important S/R + possible Big engulf bar
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  • #239
  • Apr 18, 2013 6:29am Apr 18, 2013 6:29am
Previous engulf bar fail. also was an inside bar. Can you make a comment about it , ?

Many thanks 60minuteman. I like the strategy.
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  • #240
  • Apr 18, 2013 6:31am Apr 18, 2013 6:31am
Quoting 60minuteman
ummm not exactly what i mean... Ok, this bit is the MOST important part about price action...so don't forget this.. for h4 to change direction (trend) it has to engulf or close over h4 s/r....once we get a h4 engulf then it WILL go to the next higher tf s/r (daily)... now it may have already hit daily s/r when it engulfs, you need to check that and be aware of it. This is the same for every TF... H1 ENGULF - TO H4 S/R H4 ENGULF - DAILY S/R DAILY ENGULF - WEEKLY S/R So on EJ when weekly engulfed long a week or so ago we know its going to go and hit...
Hi,
m abit confused how do you identify your weekly , daily s/r now. Can you show in the graph about eur yen as example ?
I think it's easier to understand if you illustrate it with chart..

thanks!
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