DislikedPrevious engulf bar fail. also was an inside bar. Can you make a comment about it , ? Many thanks 60minuteman. I like the strategy. {image}Ignored
tradewith60
- #241
- Apr 18, 2013 6:45am Apr 18, 2013 6:45am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
tradewith60
- #242
- Apr 18, 2013 6:48am Apr 18, 2013 6:48am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
tradewith60
- #251
- Apr 18, 2013 11:13am Apr 18, 2013 11:13am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
Did not trade well today,
Brent long I exited for 10 and it went over 150,
USD NOK valid short went +120 and then stopped me out for -100
USD NOK long and was a complete rule break, went +210 and then stopped me out
USD SEK closed for +100
.... net result was -0.6%
i'll take that for a bad day...
I could of pocketed around 500 today, but that's not the point, I didn't execute completely to my rules, the ones I did follow ensured my losses were small..
Brent long I exited for 10 and it went over 150,
USD NOK valid short went +120 and then stopped me out for -100
USD NOK long and was a complete rule break, went +210 and then stopped me out
USD SEK closed for +100
.... net result was -0.6%
i'll take that for a bad day...I could of pocketed around 500 today, but that's not the point, I didn't execute completely to my rules, the ones I did follow ensured my losses were small..
tradewith60
- #252
- Apr 18, 2013 11:34am Apr 18, 2013 11:34am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
tradewith60
- #253
- Apr 18, 2013 11:49am Apr 18, 2013 11:49am
So here's how it should of gone on brent... to the rules! H4 engulf, countertrend, switch to m15 take next engulf entry long. H4 is countertrend so tp is next daily s/r simple. {image} {image} {image}
am almost taking back my earlier statement that i shd take short trades below Ma's and i think i shd just take all the trades i think are right and capitalise on RR..
thankyou gregwilson
- #254
- Apr 18, 2013 12:08pm Apr 18, 2013 12:08pm
- Joined Mar 2007 | Status: Trader | 7,195 Posts
Hi Relax, damn lots of action in there eh? I have gone through all of the engulfs and tried to say how you could of traded it to the rules, obviously it is hindsight... best I can do and tried to be 100% honest, but quite unusual to have so many engulfs in opposite directions and the pair to be pretty much just trending down. Anyway, first chart is H4, rest are the m15 entries, in order, I have split the h4 periods with red vertical lines so you can see when each h4 closed on m15. {image} {image} {image} {image}
On this chart in particular I'd just add my 2c that when the 2nd engulf closed it was a genuine lower high and even if above the ma's, a 4hr lower high (or higher low) is a pretty solid signal.
Subscribed, all the best.
- #255
- Apr 18, 2013 12:10pm Apr 18, 2013 12:10pm
Just seen thread for the first time. Love engulfing closes and glad to see your focus is on higher TF's and 15 min for entry. Great stuff. On this chart in particular I'd just add my 2c that when the 2nd engulf closed it was a genuine lower high and even if above the ma's, a 4hr lower high (or higher low) is a pretty solid signal. Subscribed, all the best.
thankyou gregwilson
- #256
- Apr 18, 2013 12:18pm Apr 18, 2013 12:18pm
- | Commercial User | Joined Feb 2012 | 3,770 Posts
Just seen thread for the first time. Love engulfing closes and glad to see your focus is on higher TF's and 15 min for entry. Great stuff. On this chart in particular I'd just add my 2c that when the 2nd engulf closed it was a genuine lower high and even if above the ma's, a 4hr lower high (or higher low) is a pretty solid signal. Subscribed, all the best.
tradewith60
- #258
- Edited 6:17pm Apr 18, 2013 6:07pm | Edited 6:17pm
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
Just seen thread for the first time. Love engulfing closes and glad to see your focus is on higher TF's and 15 min for entry. Great stuff. On this chart in particular I'd just add my 2c that when the 2nd engulf closed it was a genuine lower high and even if above the ma's, a 4hr lower high (or higher low) is a pretty solid signal. Subscribed, all the best.
finding it hard to comprehend what you are saying. can you give a chart example ...?
- #259
- Edited 6:21pm Apr 18, 2013 6:09pm | Edited 6:21pm
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
- #260
- Edited 9:09pm Apr 18, 2013 8:49pm | Edited 9:09pm
people should post h4 engulf signals here for all to see, that are cropping up. so that all can take those trades. iam seeing h4 bearish engulf on both eu and gu. on eu m15 engulf has also formed. anyone trading asian session ?
h4
From what I can see the h4 engulfing closing above the daily s/r. ... and the next s/r is pretty close, we only have like 20 pips to play with. and i will only take if i see engulfing in m15 below the daily s/r.
m15
i can see engulfing m15 but it's above the daily s/r, thus i didnt take it. which is the right decision so it seems.
