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H4 Power

  • #501
  • Jul 15, 2013 7:24am Jul 15, 2013 7:24am
Quoting pipmunks
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. {image} Update : {image}
Final TP. Total profit from 2 position combined approx 4.5R.
Attached Image
  • #502
  • Jul 15, 2013 7:57am Jul 15, 2013 7:57am
Great one. Congrats Pipmunks
MT4/MT5 EAs/Indicators/Alerts coder
  • #503
  • Jul 15, 2013 8:10am Jul 15, 2013 8:10am
Quoting FerruFx
Great one. Congrats Pipmunks
Thanks Ferrufx .
  • #504
  • Edited 9:01am Jul 15, 2013 8:23am | Edited 9:01am
Another trade. Sold AUDUSD.

M15 entry is not per this thread rule. But 4H bias still fit this thread method.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130715 AUDUSD 1.png Size: 36 KB


Update : stopped out. Engulfing candle still the best way to enter a trade on M15.
  • #505
  • Jul 16, 2013 4:30am Jul 16, 2013 4:30am
Short EURNZD.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130716 EURNZD 1640.png Size: 35 KB


1st TP 2R.
Attached Image
  • #506
  • Jul 16, 2013 4:58am Jul 16, 2013 4:58am
My live account is held with broker with GMT offset +3. But for H4 close I'm using another demo account with broker with GMT offset +0. I found H4 candle close @ broker with GMT +0 pretty accurate compared to the others.
That's why I don't post H4 chart with trades in it, I take that chart from another broker.
  • #507
  • Jul 16, 2013 8:45pm Jul 16, 2013 8:45pm
Hello pipmunk which demo broker do you use?
"""
  • #508
  • Jul 17, 2013 1:11am Jul 17, 2013 1:11am
Quoting pipmunks
Short EURNZD. {image} 1st TP 2R. {image}

nice going pipmunk...
tradewith60
  • #509
  • Jul 17, 2013 2:16am Jul 17, 2013 2:16am
Quoting Juank010
Hello pipmunk which demo broker do you use? """
Hello Juank010.
I'm using Exness for H4 charting. For M15 chart, you can use any broker. Hope that's helps.
  • #510
  • Jul 17, 2013 4:30am Jul 17, 2013 4:30am
Short CADCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130717 CADCHF.png Size: 38 KB
  • #511
  • Jul 17, 2013 8:39am Jul 17, 2013 8:39am
Nice Job Pipmunks.

Hello 60minuteman, I have been following your thread for a bit. I took this trade this morning. your thoughts?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: money never sleeps4.gif Size: 27 KB
Click to Enlarge Name: money never sleeps15.gif Size: 26 KB
FxRex Fact #143: I can run really fast.
  • #512
  • Jul 17, 2013 9:34am Jul 17, 2013 9:34am
Quoting FxReX
Nice Job Pipmunks. Hello 60minuteman, I have been following your thread for a bit. I took this trade this morning. your thoughts? {image} {image} {image}
Hello FxRex, I'll try to answer your question from my perspective.
The second H4 candle have long underwick, that mean rejection from 4H support. So you must be careful when managing your position as the support maybe still there, and price may bounce again from there.

IMO, you have 2 choices in this particular situation.
You can move your stop to BE asap and hope the support break, or close most of your position on that 4H support & leave small portion to run.

Hope that helps. Nice catch btw .
Attached Image


Regards, Pipmunks.
  • #513
  • Jul 17, 2013 10:26am Jul 17, 2013 10:26am
GBPUSD sell signal coming, pin bar at a resistence level with bearish engulf next candle:
Attached Image (click to enlarge)
Click to Enlarge Name: sell.png Size: 36 KB

Take profit at the yellow line
"In God we trust."
  • #514
  • Jul 17, 2013 10:49am Jul 17, 2013 10:49am
Watching this pair closely. Waiting for M15 engulfing to ride it up .
Attached Image (click to enlarge)
Click to Enlarge Name: 20130717 USDCHF 2.png Size: 42 KB
  • #515
  • Jul 17, 2013 11:55am Jul 17, 2013 11:55am
Quoting pipmunks
{quote} Hello FxRex, I'll try to answer your question from my perspective. The second H4 candle have long underwick, that mean rejection from 4H support. So you must be careful when managing your position as the support maybe still there, and price may bounce again from there. IMO, you have 2 choices in this particular situation. You can move your stop to BE asap and hope the support break, or close most of your position on that 4H support
thanks for the reply Pipmunks. I see what you are saying and it did infact find support there.
FxRex Fact #143: I can run really fast.
  • #516
  • Jul 18, 2013 5:38am Jul 18, 2013 5:38am
I like your system.

I have been using same kind of System since 2 -3 months. It has a high probability and pays well mostly. we usually get in trends in this system.

The only problem I am having in this is that, Mostly we don't get good entry points, because price just falls/rises without providing any entry triggers. Many times I left waiting for triggers, that causes me take trades triggers which are not high probability and requires mostly 2-3-4 attempts.

Even in your system you have not mentioned good entry triggers.

I like to trade on H1, H4 and Daily Engulfing/ Pinbar Patterns
with a requirement of break of Low/High of the pattern than catch the pullback with higher time frames.

Please let me know if I can improve my system with the help of any Indicator/ trick or strategy.

Thanks

Sanjay .
  • #517
  • Edited 2:43pm Jul 18, 2013 1:49pm | Edited 2:43pm
Thanks Pipmunks,but Exness dont let me open any kind of account because I am US resident,I continuos follow the strategie,good luck
  • #518
  • Jul 18, 2013 9:31pm Jul 18, 2013 9:31pm
Quoting Juank010
Thanks Pipmunks,but Exness dont let me open any kind of account because I am US resident,I continuos follow the strategie,good luck
Hi Juank,

What about http://www.avatrade.com?

Their MT4 time is GMT and there is no sunday bar.
And they have pretty much every instruments to trade. SP500, Gold, Oil ....

Thanks,
LO-Trader
  • #519
  • Jul 23, 2013 5:37am Jul 23, 2013 5:37am
Sometimes it takes 2 H4 bar to make the move.

Attached Image (click to enlarge)
Click to Enlarge Name: 20130723 USDJPY B99.png Size: 40 KB
  • #520
  • Edited 1:12am Jul 25, 2013 12:52am | Edited 1:12am
Short USDJPY.
Let's see if it reach my profit target or my BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130725 USDJPY 1.png Size: 45 KB


Update :
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