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H4 Power

  • #521
  • Jul 25, 2013 6:32am Jul 25, 2013 6:32am
Missed this signal while doing other work .
Attached Image
  • #522
  • Jul 25, 2013 7:00am Jul 25, 2013 7:00am
just wanna ask you abt this trade which i took couple hour's ago, could you or anyone else explain me why it didn't hit the TP.
thanks
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  • #523
  • Jul 25, 2013 7:19am Jul 25, 2013 7:19am
Quoting shaan295
just wanna ask you abt this trade which i took couple hour's ago, could you or anyone else explain me why it didn't hit the TP. thanks {image} {image}
Hello shaan295, I'll try to answer your question.
Attached Image

In your 4H chart, there's 4H SR flip level. Did you see it? Price hit that & bounce hard plus I believe there are news release while price make that move. You can't expect every of your trade will hit your desirable TP area. Change your TP accordingly to the situation.

Your entry on M15 was a good one. The question is, how do you manage it? Did you move your stop to BE while price rising? Or leave it in it's original position?

Regards, Pipmunks.
  • #524
  • Jul 25, 2013 10:31am Jul 25, 2013 10:31am
Quoting pipmunks
Short USDJPY. Let's see if it reach my profit target or my BE. {image} Update : {image}
Update :
Attached Image


Getting a runner like this makes any 1R loss looks small .
  • #525
  • Jul 26, 2013 8:09am Jul 26, 2013 8:09am
Short AUDUSD.
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  • #526
  • Jul 27, 2013 6:32am Jul 27, 2013 6:32am
Quoting shaan295
just wanna ask you abt this trade which i took couple hour's ago, could you or anyone else explain me why it didn't hit the TP. thanks {image} {image}
did you check you weekly? I think we had a daily close down from it too...

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tradewith60
  • #527
  • Aug 8, 2013 3:41pm Aug 8, 2013 3:41pm
Hay 60secondman OH Im sorry 60minuteman LOL

I came across your thread and I just want to thank you for sharing how you trade.
I cked out all your videos and read all that you have posted- Your thread and info has helped me very much and I want to thank you... Your way of looking at the R and S is very different from all else that I have seen.
Thanks again
Live today like theres no tomorrow-- Prioritize like you will die today
  • #528
  • Aug 8, 2013 5:36pm Aug 8, 2013 5:36pm
60minuteman I've just read through the majority of this thread and want to say thanks, it does seem like simple works best!

A quick question - would you ever use an indicator to alert you of an engulfing bar?
  • #529
  • Aug 8, 2013 7:47pm Aug 8, 2013 7:47pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Pandaz
would you ever use an indicator to alert you of an engulfing bar?
You should find a lot of indicators for engulfing or even other patterns posted here on FF.
MT4/MT5 EAs/Indicators/Alerts coder
  • #530
  • Aug 9, 2013 12:04am Aug 9, 2013 12:04am
Quoting Pandaz
60minuteman I've just read through the majority of this thread and want to say thanks, it does seem like simple works best! A quick question - would you ever use an indicator to alert you of an engulfing bar?
If I recall pattern recognition master should do the trick http://www.forexfactory.com/showthread.php?t=298747
  • #531
  • Aug 9, 2013 12:19am Aug 9, 2013 12:19am
Quoting FerruFx
{quote} You should find a lot of indicators for engulfing or even other patterns posted here on FF.
i used OB ident and i liked it....then i found pattern recognition master....wich signals are different (for engulf) even on same broker feed...
if there is another one...i would like to get it too....maybe a newer version of the OB ident - because i just need engulf....not everything else..

good thing dukas has it own engulf on the platform

thanks in advance
  • #532
  • Aug 9, 2013 12:22am Aug 9, 2013 12:22am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting bradu
good thing dukas has it own engulf on the platform thanks in advance
Yes Dukascopy has almost all patterns available as standard indicators.
MT4/MT5 EAs/Indicators/Alerts coder
  • #533
  • Aug 9, 2013 12:28am Aug 9, 2013 12:28am
Quoting FerruFx
{quote} Yes Dukascopy has almost all patterns available as standard indicators.

sorry Ferru...i wroted as a reply to you because i tought you made that indie (OBident)...then i saw it was Hanover
  • #534
  • Aug 9, 2013 12:30am Aug 9, 2013 12:30am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting bradu
{quote} sorry Ferru...i wroted as a reply to you because i tought you made that indie (OBident)...then i saw it was Hanover
No worry!

Yes Hanover wrote a lot of things too and is a great coder.
MT4/MT5 EAs/Indicators/Alerts coder
  • #535
  • Aug 9, 2013 1:03pm Aug 9, 2013 1:03pm
Hi Everyone

I have read almost all messages in this thread. Thank you 60minuteman for spreading your trading principle in forexfactory. I think I can improve this system with this thread community from next week
  • #536
  • Aug 11, 2013 4:03am Aug 11, 2013 4:03am
EU RE-CAP

EU WAS CLEARLY LONG LAST WEEK, I CALLED IT ON VARIOUS THREADS AND IN THE CHAT, WAS JUST A CASE OF WAITING FOR THE PRICE ACTION, EASY PIPS, SIMPLE REPETITIVE PRICE ACTION AND SUPPORT AND RESISTANCE TRADING

LOOKS LIKE MORE DOLLAR WEAKNESS TO COME TOO...

http://clip2net.com/clip/m106901/thu...clip-376kb.png
tradewith60
  • #537
  • Aug 11, 2013 4:04am Aug 11, 2013 4:04am
GOLD RE-CAP

MONTHLY
http://clip2net.com/clip/m106901/thu...-clip-37kb.png
WEEKLY
http://clip2net.com/clip/m106901/thu...-clip-52kb.png
DAILY
http://clip2net.com/clip/m106901/thu...-clip-56kb.png
tradewith60
  • #538
  • Aug 11, 2013 4:06am Aug 11, 2013 4:06am
GU RE-CAP

GU WEEKLY SHOWING US DIRECTION FOR THE COMING WEEK AND WHERE TO PLACE OUR SR LINES

http://clip2net.com/clip/m106901/thu...clip-231kb.png

H4 HITTING OUR MIDDLE WEEKLY SR AND GOING IN THE DIRECTION PA PREDICTED

http://clip2net.com/clip/m106901/thu...-clip-30kb.png
tradewith60
  • #539
  • Aug 11, 2013 4:07am Aug 11, 2013 4:07am
OIL RE-CAP

MORE EXAMPLES OF HOW PRICE IS DETERMINED BY CLOSES AND ENGULF AND USING A FEW HIGHER TF'S WE CAN GET ACCURATE DIRECTION AND SAFE EXITS POINTS, THEN USING H4/M15 WE CAN TRADE WITHIN THAT CONTEXT... IT TAKES A LITTLE CONCENTRATION AND PLANNING BUT IN ESSENCE IT IS SIMPLE IF THE RULES ARE FOLLOWED

WEEKLY
http://clip2net.com/clip/m106901/thu...clip-133kb.png

DAILY
http://clip2net.com/clip/m106901/thu...clip-154kb.png
tradewith60
  • #540
  • Aug 11, 2013 4:09am Aug 11, 2013 4:09am
EA RE-CAP

WEEKLY
http://clip2net.com/clip/m106901/thu...clip-102kb.png

H4
http://clip2net.com/clip/m106901/thu...-clip-51kb.png

DAILY
http://clip2net.com/clip/m106901/thu...-clip-95kb.png

THE CLOSES ON DAILY AND WEEKLY ARE SCREAMING MORE DOWN NEXT WEEK, BUT WE DO NEED TO KEEP AN EYE ON THAT STRONG WEEKLY SR JUST BELOW... MARK WEEKLY SR BELOW AND DAILY SR ABOVE FOR THE SHORTS TO CONTINE
tradewith60
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