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H4 Power

  • #541
  • Aug 11, 2013 4:11am Aug 11, 2013 4:11am
IMMEDIATE LEVELS FOR EA
http://clip2net.com/clip/m106901/thu...-clip-75kb.png
tradewith60
  • #542
  • Aug 11, 2013 4:16am Aug 11, 2013 4:16am
If you're new to the concepts of price action and support and resistance we use on this thread there are some short videos on my blog at h4power.wordpress
tradewith60
  • #543
  • Aug 11, 2013 6:01am Aug 11, 2013 6:01am
Quoting 60minuteman
EA RE-CAP WEEKLY {image} H4 {image} DAILY {image} 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
Hi 60min. In this post you look like wondering why E/A went down. Here is my explanation.
Attached Image (click to enlarge)
Click to Enlarge Name: AU_daily.png Size: 26 KB
No greed. No fear. Just maths.
  • #544
  • Aug 11, 2013 6:08am Aug 11, 2013 6:08am
Quoting PipMeUp
{quote} Hi 60min. In this post you look like wondering why E/A went down. Here is my explanation. {image}
Hi pipmeup... not wondering, just cant see the monthly SR on my charts right now...

I don't like those traditional price action teachings, they are flawed and better explained with true price and support and resistance.

You can never accurately determine movement from only 1 timeframe.
tradewith60
  • #545
  • Aug 11, 2013 7:57am Aug 11, 2013 7:57am
Quoting 60minuteman
just cant see the monthly SR on my charts right now...
Have a look mid-July 2010 on weekly.

But that's quite far away. I wonder if they are still valid... That's why I use TA in this case, or if the price is at historical highest.
When no S/R are in sight, that's TA or fibo extension anyway . And I don't like the voodoo numbers.
No greed. No fear. Just maths.
  • #546
  • Aug 11, 2013 8:11am Aug 11, 2013 8:11am
Quoting PipMeUp
{quote} Have a look mid-July 2010 on weekly. But that's quite far away. I wonder if they are still valid... That's why I use TA in this case, or if the price is at historical highest. When no S/R are in sight, that's TA or fibo extension anyway . And I don't like the voodoo numbers.
just cant get monthly to update until my broker comes online and as i dont trade EA its not updated for a long while

looks like that, if someone can post a monthly chart with this months high showing I could see what monthly is saying
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-08-11 at 14.09.32.png Size: 57 KB
tradewith60
  • #547
  • Aug 11, 2013 8:13am Aug 11, 2013 8:13am
Quoting PipMeUp
{quote} Have a look mid-July 2010 on weekly. But that's quite far away. I wonder if they are still valid... That's why I use TA in this case, or if the price is at historical highest. When no S/R are in sight, that's TA or fibo extension anyway . And I don't like the voodoo numbers.
fibo extensions are just averaging guesses... we need to be more accurate
tradewith60
  • #548
  • Aug 11, 2013 8:34am Aug 11, 2013 8:34am
The yellow line is the highest price reached this week.
Attached Image (click to enlarge)
Click to Enlarge Name: AU_weekly_2010_07.png Size: 30 KB
No greed. No fear. Just maths.
  • #549
  • Aug 11, 2013 8:39am Aug 11, 2013 8:39am
Quoting PipMeUp
The yellow line is the highest price reached this week. {image}
ahhh... some heavy schit there then... knew there had to be something there with the instant weekly reverse,
tradewith60
  • #550
  • Aug 11, 2013 8:51am Aug 11, 2013 8:51am
Quoting 60minuteman
{quote} just cant get monthly to update
If the platform is connected (even market closed), just right click on the chart then "refresh". That should update the missing candles after few seconds.
MT4/MT5 EAs/Indicators/Alerts coder
  • #551
  • Aug 11, 2013 8:58am Aug 11, 2013 8:58am
Quoting FerruFx
{quote} If the platform is connected (even market closed), just right click on the chart then "refresh". That should update the missing candles after few seconds.
nice one Ferru...

now we can see why the previous weekly bullish engulf stopped after only a few more pips up... clear tap on the monthly sr...

check that looming monthly sr below too, will see a reaction there for sure

EA MONTHLY
http://clip2net.com/clip/m106901/thu...-clip-28kb.png
tradewith60
  • #552
  • Aug 12, 2013 6:57pm Aug 12, 2013 6:57pm
How are you define your weekly ,daily, H4 support and resistance lines? Could you explain?
Thank you four your attention
  • #553
  • Aug 12, 2013 7:27pm Aug 12, 2013 7:27pm
gold long to weekly sr this week? Simple price action reading (about to hit a monthly sr, watch for shorts!)

Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-08-13 at 01.25.58.png Size: 68 KB
tradewith60
  • #554
  • Aug 12, 2013 7:28pm Aug 12, 2013 7:28pm
Quoting Tebriz
How are you define your weekly ,daily, H4 support and resistance lines? Could you explain? Thank you four your attention
Opens, closes, highs and lows of the most recent bars, for entries use price action to confirm.

Theres some videos on my blog h4power.wordpress
tradewith60
  • #555
  • Aug 12, 2013 7:31pm Aug 12, 2013 7:31pm
Quoting 60minuteman
IMMEDIATE LEVELS FOR EA {image}
EA did we say long from these weekly SR? and lovely H4 engulf confirming the SR, simple

Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-08-13 at 01.30.53.png Size: 42 KB
tradewith60
  • #556
  • Aug 12, 2013 7:42pm Aug 12, 2013 7:42pm
GU engulf short on daily, will retrace to weekly sr before/if we get any more longs..

DAILY ENGULF
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-08-13 at 01.39.32.png Size: 31 KB


WEEKLY SR FOR LONGS (OR SHORT TO THEM, BUT BEST ENTRY WAS ON H4 TODAY)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-08-13 at 01.39.47.png Size: 29 KB
tradewith60
  • #557
  • Edited 9:06am Aug 13, 2013 8:16am | Edited 9:06am
60minuteman
What do you think about EUR/USD?
  • #558
  • Aug 13, 2013 10:07am Aug 13, 2013 10:07am
Quoting Tebriz
60minuteman What do you think about EUR/USD?
EU weekly was in up trend, we have hit monthly sr and now daily has engulfed and is trending short, will need weekly sr at least to stop it

heres my daily with next 2 weekly SR, yesterdays close confirmed more down today
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-08-13 at 16.06.16.png Size: 30 KB
tradewith60
  • #559
  • Aug 13, 2013 10:12am Aug 13, 2013 10:12am
EA tried to go short off the daily sr but h4 couldnt engulf, now h4 closing up again... looks like a push through to the next sr above
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-08-13 at 16.11.07.png Size: 72 KB
tradewith60
  • #560
  • Aug 13, 2013 4:18pm Aug 13, 2013 4:18pm
Quoting 60minuteman
{quote} EU weekly was in up trend, we have hit monthly sr and now daily has engulfed and is trending short, will need weekly sr at least to stop it heres my daily with next 2 weekly SR, yesterdays close confirmed more down today {image}
I have observed your eur usd daily chart and get some difference between your chart and my chart. My daily bars start time is GMT+2
Can you explain the difference? (Your Monday bar bullish but mine is bearish)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
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