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H4 Power

  • #361
  • Apr 22, 2013 8:02am Apr 22, 2013 8:02am
EU H4
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-04-22 at 14.01.42.png Size: 26 KB
tradewith60
  • #362
  • Apr 22, 2013 8:04am Apr 22, 2013 8:04am
Relax & Jasper... seems like you both got it... nice entries, hope they pay off for you
tradewith60
  • #363
  • Apr 22, 2013 8:05am Apr 22, 2013 8:05am
Quoting whatfx
{quote} 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....
My timezone is UTC. No problem if you don't see it. It will come with your next H4. It's not important because some times the first trigger is a loser and the next one offers you an even better price. So that's not a race. I've read somewhere "You're never late in the market. Always too early."
No greed. No fear. Just maths.
  • #364
  • Apr 22, 2013 8:14am Apr 22, 2013 8:14am
Quoting relaxtrading
I use alpari uK gmt+2 {image}
nice mate..

AU doesn't look like it has much in the tank but nice cheap entry
tradewith60
  • #365
  • Apr 22, 2013 8:18am Apr 22, 2013 8:18am
I think is good time to move my STOP LOSS to breakeven 1.0272
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 50 KB
  • #366
  • Apr 22, 2013 8:19am Apr 22, 2013 8:19am
Quoting relaxtrading
I think is good time to move my STOP LOSS to breakeven 1.0272 {image}
yeah decision time... i think theres a fed guy chatting too? could be wrong, don't follow news closely
tradewith60
  • #367
  • Apr 22, 2013 8:22am Apr 22, 2013 8:22am
In 4H Audus we got inside bar. it might want to go to visit the support 1.0292.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 44 KB
  • #368
  • Apr 22, 2013 8:29am Apr 22, 2013 8:29am
EU H4 starting to break down... 1.3000 wouldn't be a bad area for tp
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-04-22 at 14.28.40.png Size: 22 KB
tradewith60
  • #369
  • Apr 22, 2013 8:41am Apr 22, 2013 8:41am
1.30 on eurus is a good area to take profit in my humble opinion, is an important round number and s/r
  • #370
  • Apr 22, 2013 8:46am Apr 22, 2013 8:46am
Quoting relaxtrading
1.30 on eurus is a good area to take profit in my humble opinion, is an important round number and s/r
yeah... just last weeks close is making me think we might push through...bagged plenty on gold and nok so will let EU run unless i get a h4 against me
tradewith60
  • #371
  • Apr 22, 2013 9:00am Apr 22, 2013 9:00am
As you can see today bars still into this inside bar form 17/04 as a mother bar. So it might stop and turn north.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 53 KB
  • #372
  • Apr 22, 2013 9:01am Apr 22, 2013 9:01am
Quoting relaxtrading
As you can see today bars still into this inside bar form 17/04 as a mother bar. So it might stop and turn north. {image}
true... but look at the daily reaction here last time... barely closed up... running out of willing buyers there... is the level gonna fail? maybe?
tradewith60
  • #373
  • Apr 22, 2013 9:03am Apr 22, 2013 9:03am
The main reason to not take eurus was that. Too close to the lower support and a little bit messy
  • #374
  • Apr 22, 2013 9:16am Apr 22, 2013 9:16am
I just change my TP to 1.0225 AUDus, looks like is an area where it might turn and I don't want to trail this one.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 58 KB
  • #375
  • Apr 22, 2013 9:31am Apr 22, 2013 9:31am
It might be possible to squeeze it a little bit more , to 1.02 area ... Is a very strong support. I change my TP 1.0211
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 53 KB
  • #376
  • Apr 22, 2013 9:39am Apr 22, 2013 9:39am
2 hours and 23 min on my alpari uk Gmt+2, to finish this bar. I have to leave so I adjust my SL 1.0265 (high of the present bar) and I'll see later.
  • #377
  • Apr 22, 2013 9:40am Apr 22, 2013 9:40am
Quoting relaxtrading
I just change my TP to 1.0225 AUDus, looks like is an area where it might turn and I don't want to trail this one. {image}
nice to bag some on monday... well done mate
tradewith60
  • #378
  • Apr 22, 2013 10:43am Apr 22, 2013 10:43am
60minute what have u seen to be the best type of exits i need help in that area
is it
trailing after every 4h close or
last high in 15min
s/r in daily or weekly

today i closed e/j with a loss of 1pip then the trade goes to some 120 pips
thankyou gregwilson
  • #379
  • Apr 22, 2013 10:56am Apr 22, 2013 10:56am
Quoting njokie
60minute what have u seen to be the best type of exits i need help in that area is it trailing after every 4h close or last high in 15min s/r in daily or weekly today i closed e/j with a loss of 1pip then the trade goes to some 120 pips
Best for me might not be best for you.. but theres no point getting out for a tiny loss if h4 hasn't closed against you...your stop loss compared to win potential is small anyway.

Trailing behind h4 is good if you want to stay in for a really long time on the big trends... but you will lose a chunk of profit on a lot of trades too.

Next weekly s/r works well...

Only exit if you have h4 engulf against you is also good... or if h4 closes against you...

But I can't pick for you... you should take some pleasure in the fact you can at least get in the good r/r trades... what was your risk for a possible 120?

EDIT i would avoid watching trades... go do something else for an hour or two...
tradewith60
  • #380
  • Apr 22, 2013 11:27am Apr 22, 2013 11:27am
Quoting 60minuteman
{quote} Best for me might not be best for you.. but theres no point getting out for a tiny loss if h4 hasn't closed against you...your stop loss compared to win potential is small anyway. Trailing behind h4 is good if you want to stay in for a really long time on the big trends... but you will lose a chunk of profit on a lot of trades too. Next weekly s/r works well... Only exit if you have h4 engulf against you is also good... or if h4 closes against you... But I can't pick for you... you should take some pleasure in the fact you can at least get...

i actually watched every 15min candle after entry ...al be walking away from my comp after entry i feel like screaming
Attached Image (click to enlarge)
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thankyou gregwilson
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