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H4 Power

  • #481
  • Jul 10, 2013 2:29pm Jul 10, 2013 2:29pm
My current trade. All @ BE.
AUDCHF.
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GBPNZD.
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  • #482
  • Jul 10, 2013 2:52pm Jul 10, 2013 2:52pm
I must admit that I was too lazy to draw support and resistance areas in my chart, because I monitor 28 forex pairs. Don't have time to draw all that SR area on 28 charts . I am more focused to 4H candle pattern and momentum than the SR area. If I find a good pattern on 4H that I like, I'll trade it.
And based on my experience, the most reliable 4H close is a broker with GMT +0 offset.
  • #483
  • Jul 10, 2013 3:03pm Jul 10, 2013 3:03pm
Watching USDCAD. Hope we can get cheap entry on M15.
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  • #484
  • Jul 10, 2013 5:56pm Jul 10, 2013 5:56pm
Quoting pipmunks
Watching USDCAD. Hope we can get cheap entry on M15. {image}

awesome stuff pipmunks... get a direction, take a small risk trade, and hold them for possibly a large win.. it's that simple and seems you've got it
tradewith60
  • #485
  • Jul 10, 2013 5:59pm Jul 10, 2013 5:59pm
just buying into the h4 trend with an m15 entry on oil

+320 so far
tradewith60
  • #486
  • Jul 10, 2013 6:01pm Jul 10, 2013 6:01pm
Took an m15 entry into oil's trend +320 ish

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tradewith60
  • #487
  • Jul 10, 2013 6:16pm Jul 10, 2013 6:16pm
other trades today

w1/h4 ej +106

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s&p500 h4 m15 long

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s&p short too

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and a D1 H1 long combo on sp also

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there were other trades on Footsie 100 and dollar index too....
tradewith60
  • #488
  • Jul 11, 2013 4:39am Jul 11, 2013 4:39am
New day, new opportunity.

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  • #489
  • Jul 11, 2013 6:03am Jul 11, 2013 6:03am
nice pipmunk!
tradewith60
  • #490
  • Jul 11, 2013 6:16am Jul 11, 2013 6:16am
Quoting 60minuteman
nice pipmunk!
Thanks 60minuteman. How's your trading today? Got any open position?
  • #491
  • Jul 11, 2013 10:11am Jul 11, 2013 10:11am
great method! A few have already mentioned that we frequently get stopped out due to the tight stoploss of the m15 and I thought I would throw in an idea for some discussion:

taking a H1 or H4 extreme as the stoploss, take half a position out when r:r reaches 1:1 and leave the other half to run to your desired TP, while maintaining the original SL or gradually moving to BE. How will this affect the profitability curve?
  • #492
  • Jul 11, 2013 10:14am Jul 11, 2013 10:14am
Quoting pipmunks
New day, new opportunity. {image} {image} {image}
Update :
Stopped out on USDJPY & CADJPY, but still positive for the day because of this runner .
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  • #493
  • Jul 11, 2013 10:15am Jul 11, 2013 10:15am
Ultimate Trading System - 30 Pips a day that's all. Tell me what you think.
  • #494
  • Jul 11, 2013 10:20am Jul 11, 2013 10:20am
Quoting dogfight
great method! A few have already mentioned that we frequently get stopped out due to the tight stoploss of the m15 and I thought I would throw in an idea for some discussion: taking a H1 or H4 extreme as the stoploss, take half a position out when r:r reaches 1:1 and leave the other half to run to your desired TP, while maintaining the original SL or gradually moving to BE. How will this affect the profitability curve?
Taking H1 or H4 extremes as SL serve you well if you trading against H4 current impulsive move. If you trading in the same direction with higher TF impulsive move, better use M15 SL, the R:R will pay you nicely even if you stopped out more than once in order to trying ride the bigger move.
  • #495
  • Jul 11, 2013 1:06pm Jul 11, 2013 1:06pm
GA 200 Pip runner,

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  • #496
  • Jul 12, 2013 6:04am Jul 12, 2013 6:04am
Runner.
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  • #497
  • Jul 12, 2013 7:18am Jul 12, 2013 7:18am
Quoting pipmunks
Runner. {image}
Nice one.
  • #498
  • Edited 11:35am Jul 12, 2013 7:44am | Edited 11:35am
Quoting LO-Trader
{quote} Nice one.
Thanks .
Another one, almost same story as AUDUSD.
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Update :
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Will it reach TP? We'll see next week.
  • #499
  • Jul 15, 2013 2:00am Jul 15, 2013 2:00am
Hello guys. How's you weekend. Hope u all enjoy it.
Fresh start this week. May the market gives us a profitable action this week .

My 1st trade for the week.
USDCHF.
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Update :
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  • #500
  • Edited 4:51am Jul 15, 2013 4:37am | Edited 4:51am
Quoting pipmunks
{quote} Thanks . Another one, almost same story as AUDUSD. {image} Update : {image} Will it reach TP? We'll see next week.
Update : add more position on SR flip.
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