H4 Power | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Power Of Now 4 Forex 14 replies

Imagine a FOREX TRADERS ASSOCIATION. Imagine the Power 14 replies

Knowledge is Power 5 replies

FLAG POWER 1 reply

Keeping Some Fire Power In Reserve 0 replies

Attachments: H4 Power
Exit Attachments

H4 Power

  • #341
  • Apr 21, 2013 3:09pm Apr 21, 2013 3:09pm
Quoting 60minuteman
yeah, some don't work out, some lose... it's the element of trading that causes a lot of failure, But you can lose and be profitable. EDIT... think of it a different way.... did we nearly get a really cheap entry right at the start of a new trend that went for a long long way? So we were a little unlucky with our chosen entry technique there, but if we hit 2 or 3 of those big runs a week we will be doing very nicely indeed.. thats the mindset...allow the market to win but be clever, when we do get the break we will be winning much more than we lose...
Don't get me wrong. I'm not critizing at all! I'm a strong advocate of "big RR is way better than big win rate". Actually the more I study your system the more I like it (please develop on the TP part).
The total loss with the 3 first engulfers in my example would have been ridiculously small anyway. Just I find sad not catching the next 50-60 pips as I consider the signal is not void yet. In short to be pugnacious but not stubborn.
No greed. No fear. Just maths.
  • #342
  • Apr 21, 2013 3:31pm Apr 21, 2013 3:31pm
Quoting PipMeUp
Don't get me wrong. I'm not critizing at all! I'm a strong advocate of "big RR is way better than big win rate". Actually the more I study your system the more I like it (please develop on the TP part). The total loss with the 3 first engulfers in my example would have been ridiculously small anyway. Just I find sad not catching the next 50-60 pips as I consider the signal is not void yet. In short to be pugnacious but not stubborn.
cool Pip... I will go over a few TP techniques I use as they occur, as a general rule you should always have a reason for exiting the move... and "i'm already up 100 pips" does not class as a reason...

If we are going to maintain that price moves in an ordered fashion then price should tell us when to exit as well as enter,
tradewith60
  • #343
  • Apr 21, 2013 6:56pm Apr 21, 2013 6:56pm
EJ last daily and weekly closed up over s/r... longs wouldn't be a surprise

EJ Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-04-22 at 00.53.55.png Size: 12 KB
tradewith60
  • #344
  • Apr 22, 2013 1:58am Apr 22, 2013 1:58am
GOLD H4

engulf and inside bar... weird combo but was giving the "back up to daily s/r" signal for easy 140 pips to start the week
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-04-22 at 06.55.29.png Size: 17 KB
tradewith60
  • #345
  • Apr 22, 2013 2:19am Apr 22, 2013 2:19am
Quoting 60minuteman
GOLD H4 engulf and inside bar... weird combo but was giving the "back up to daily s/r" signal for easy 140 pips to start the week {image}
Hi master, sorry for the questions, but what moving averages you using? its sims to be the 50sma but a see two sma, and I see 2 little emas, like low and hi 5emas, its that correct?
  • #346
  • Apr 22, 2013 3:48am Apr 22, 2013 3:48am
Quoting 60minuteman
GOLD H4 engulf and inside bar... weird combo but was giving the "back up to daily s/r" signal for easy 140 pips to start the week {image}
nice way to start the week....what do you mean when you say combo?
thankyou gregwilson
  • #347
  • Apr 22, 2013 3:58am Apr 22, 2013 3:58am
Quoting njokie
{quote} nice way to start the week....what do you mean when you say combo?
was inside previous bars range but also engulfed the open and close
tradewith60
  • #348
  • Apr 22, 2013 4:03am Apr 22, 2013 4:03am
Quoting 60minuteman
{quote} was inside previous bars range but also engulfed the open and close
ok thenx for the explanation
thankyou gregwilson
  • #349
  • Apr 22, 2013 4:34am Apr 22, 2013 4:34am
E/J Weekly
- closed with a hanging man finishing a stalled rally pattern. (bearish)
- Far above the MAs
- Oscillators users may see a bearish divergence on RSI+Stoch. But I don't rely on that.
Attached Image (click to enlarge)
Click to Enlarge Name: EJW1.png Size: 34 KB

Daily
- Clearly bullish but near the top
- Possible double top
Attached Image (click to enlarge)
Click to Enlarge Name: EJD1.png Size: 37 KB

H4
- You can see a (potential) rising wedge. Price is at the top.
- Bearish candlesticks with signal engulfer
Attached Image (click to enlarge)
Click to Enlarge Name: EJH4.png Size: 48 KB

Waiting for M15 trigger


You thoughts? (that's demo)
No greed. No fear. Just maths.
  • #350
  • Apr 22, 2013 4:50am Apr 22, 2013 4:50am
check this out. AUDUS . WAiting for 15M confirmation
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 42 KB
Click to Enlarge Name: AUDUSDM15.png Size: 42 KB
  • #351
  • Apr 22, 2013 4:58am Apr 22, 2013 4:58am
USD/DKK long. The problem with this strat is to realize you have not enough ammunitions to chase all the rabbits.
No greed. No fear. Just maths.
  • #352
  • Apr 22, 2013 6:34am Apr 22, 2013 6:34am
Quoting relaxtrading
check this out. AUDUS . WAiting for 15M confirmation
Just happened. Short @1.0272 - 10pips SL.
No greed. No fear. Just maths.
  • #353
  • Apr 22, 2013 6:34am Apr 22, 2013 6:34am
Quoting relaxtrading
check this out. AUDUS . WAiting for 15M confirmation {image} {image}
Hi aud/usd printed a nice engulfing in 15minute did u take it?i was kinda late
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 29 KB
thankyou gregwilson
  • #354
  • Apr 22, 2013 6:48am Apr 22, 2013 6:48am
Quoting PipMeUp
E/J Weekly - closed with a hanging man finishing a stalled rally pattern. (bearish) - Far above the MAs - Oscillators users may see a bearish divergence on RSI+Stoch. But I don't rely on that. {image} Daily - Clearly bullish but near the top - Possible double top {image} H4 - You can see a (potential) rising wedge. Price is at the top. - Bearish candlesticks with signal engulfer {image} Waiting for M15 trigger You thoughts? (that's demo)

EJ iam already short since friday, presently around ~+40. if h4 engulf and m15 engulf happen then all the better i guess, or might just add another position.
  • #355
  • Apr 22, 2013 6:58am Apr 22, 2013 6:58am
Quoting relaxtrading
check this out. AUDUS . WAiting for 15M confirmation {image} {image}

i dont see a h4 engulf on audusd. not in my book anyway. neither do i see a h4 engulf on ej as PIPMEUP pointed out. not sure where you guys are getting your data from....
  • #356
  • Apr 22, 2013 7:16am Apr 22, 2013 7:16am
Im looking a potential trade here ... based on daily engulfing and H4 engulfing.

Please comment if it is correct to say the first and the last S/r is considered Weekly s/r as it is rather a swing point?

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: daily_eursud1.png Size: 33 KB


H4
Attached Image (click to enlarge)
Click to Enlarge Name: H4_eurusd.png Size: 57 KB
  • #357
  • Apr 22, 2013 7:18am Apr 22, 2013 7:18am
I use alpari uK gmt+2
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 48 KB
  • #358
  • Apr 22, 2013 7:19am Apr 22, 2013 7:19am
Audus SHORT 1.0272 SL 1.0295
  • #359
  • Apr 22, 2013 7:33am Apr 22, 2013 7:33am
Aud usd,

My view

daily
Attached Image (click to enlarge)
Click to Enlarge Name: Daily_audusd.png Size: 48 KB


H4
Attached Image (click to enlarge)
Click to Enlarge Name: h4_audusd.png Size: 46 KB


M15
Attached Image (click to enlarge)
Click to Enlarge Name: m15_audusd.png Size: 39 KB


Any comment?
  • #360
  • Apr 22, 2013 8:00am Apr 22, 2013 8:00am
USD/NOK H4
Attached Image
tradewith60
2 traders viewing now