Disliked{quote} but i saw one of your trade on EJ last week was against the trend ,donot you think is a retrace in the weekliy trend。。。Ignored
", but im not against a signal in the direction of a retrace either."
tradewith60
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Disliked{quote} but i saw one of your trade on EJ last week was against the trend ,donot you think is a retrace in the weekliy trend。。。Ignored
Disliked{quote} i think you missed the last line ", but im not against a signal in the direction of a retrace either."Ignored
Disliked{quote} sorry,i missed the last line,i have a important question to consult you ,like the GJ this week ,it doesnot close an engulf bar,for your rule ,is only to trade long GJ on 4h engulf candle??or you pass all of them??Ignored
Disliked{quote} No.. my weekly bar is indicating price will move down to a weekly SR at least, we dont know which one until we get there, I could short it down to the weekly SR and then wait for H4 to tell me where we are going next, that may be down more or back in the direction of the monthly trend.Ignored
DislikedHey 60, what about my post #776? Am I on the right track? Tkanks to your effort, this week I will start to pull trirggersIgnored
Disliked{quote} yes, it's a decent plan, the only part im not sure about is closing when h4 close against... have you got a plan to re-enter if the next bar goes back in the direction?Ignored
Disliked{quote} No, Don't have any plan to re-enter. I'm understanding that the most tricky part is the exit. I thought that a good exit strategy should have been to exit wen price turn against me at a SR, because some posts above you said: "when you mark the next SR lines on your chart you are marking lines to observe price action and make decisions, there's no reason price cannot steam straight through and begin a 3 week trend, this is a key element of h4power....1.mark lines. 2. wait for price action confirmation 3. trade" Can you explain me a good exit...Ignored
Disliked{quote} ok Lucariga.... Confirmation is just about reading the last close and the last engulfs on the different timeframes, until we have a close off a line of SR we can not assign strength to it..........here's GJ here's GJ weekly... next week down or up?.... we closed down but no engulf.....so.... down a bit but no trend change yet??? {image} lets see what daily says.... daily engulf short, that's also saying more down, this has an engulf so it's going to need that weekly SR also {image}Ignored
Disliked{quote} Hi Lucariga, well if you are in the direction of higher TF trend you can stay in and accept less wins, but much bigger wins, a close down is only indicating a retrace.Ignored
Disliked{quote} Ok 60, perfect. So I won't exit on a simple 4H close against me. Now I know when NOT to exit..... But the question is: When to exit? PS: Nice trade on GJ . You make this "game" sound so easyIgnored
Disliked{quote} Hi Lucariga, the game is easy, 1. enter with momentum when the market changes direction. 2. hold for bigger wins p.s look at GJ +150 overnight, only paused at the first line, then pushed through.. Can you see how H4 did not confirm the first weekly line, so it was worth the risk of aiming for line 2. {image}Ignored
Disliked{quote} 60, What was the entry signal for the chart above... .. the h4 engulf was many bars ago... this seems to be some kind of reentry from break of retracement (2 little green bars)... KimIgnored
Disliked{quote} Hi Lucariga, the game is easy, 1. enter with momentum when the market changes direction. 2. hold for bigger wins p.s look at GJ +150 overnight, only paused at the first line, then pushed through.. Can you see how H4 did not confirm the first weekly line, so it was worth the risk of aiming for line 2. {image}Ignored
DislikedFirst trade USDCAD 4H long.... Doesn't seem to go very well {image}Ignored
DislikedFirst trade USDCAD 4H long.... Doesn't seem to go very well {image}Ignored
DislikedGoing to go through a pair all week with analysis and entries, so first up is the context and levels, GBP/JPY http://www.youtube.com/watch?v=ynmtU...ature=youtu.beIgnored
Disliked{quote} Is my first week, so I just want to follow the rules. Last week engulfed so I've taken the first 4H engulfing.... No problem at all for the loss. I'll stick with the rules @Luesak Quote: "I was watching UC as well... I once had a pending order but cancelled because I felt it was quite extended. That previous peak also hit a monthly S/R." 60 hasn't any rule about overextended price, and yes, previous weekly did hit not only a monthly SR but at least 5 monthly SR and broke them like butter. Other than that last weekly was a BIG engulfing,...Ignored