Simple, Non-subjective, Consistent, Effective

Hey ZX,

sorry to hear u entered on that 4H. It looked like a proper setup,

but this support turned out to be a tricky one. Tomorrow is another

day- another day, another setup

Chrz

By the way guys,

as we all have seen in the past week or so GBP/USD has been locked in a

range. We are just below a strong multiyear resistance, which would be

difficult to break. But the Daily chart might form a bullish engulfing, so be

prepared to take appropriate action if the right setup shows.

The multimeter shows if each candle is currently up or down, green or red. If H4 is red, price is down from its open. If D1 is green, price is up from its open.

good morning nasko,

the beauty of having a buffer of 5 pips always works wonderfully.

the low of the 4H bearish engulfing setup bar is 1.36420, whereas the next 4H low is 1.36421, and my stop entry was set 1.3637. i wasn't in.

i am ok to give up a few pips so that broker wont 'accidentally' screw me up. i learnt it in a hard way considering how many times i was stopped out by a pip or so in the past.

[edit] a typo

now price is pushed backed to the weekly range between 1.3685 and 1.3772. will see.

sorry, have to edit for my wrong analysis, morning blue pardon me.

on 25/02/2014, daily closed above the previous daily open, to me, that's a signal price will go up. so i seek a 4H entry on 26/02/2014, but it died at BE later.

the high and low of 25/02/2014 are 1.66779 and 1.65825, the low just missed 5 pips to my monthly R 1.6577, so i consider that was a test to a broken R now S.

on 26/02/2014, price closed at 1.66774, coincidence? just at the high of 25/02/2014, the daily range is not broken concretely.

until yesterday 28/02/2014, long lower wick, closed at 1.66829, small candle body but also closed above 27/02/2014's open.

i expect price to move higher which in line with the overall up trend.

Hello JVBS,

What is the indicator????Please advise.Thank you

Good morning felas,

ZX- I totally agree w ur analysis, as well about the GU- happy u didn't get filled on this EU trade...

otherwise, we do already have BULF on the Daily GU, so it is time for a range breakout....

there is a signal forming on the 4H, as well and all the TFs below...

As a further confirmation comes all other GBP pairs, where we see engulfing patterns, as well-

that's a good indicator for overall direction, as well So, good trading guys

yes, 4H is forming, except it's approaching 1.67547 weekly resistance. the 4H body is very long without any strong news. i guess it might be the bears closed their shorts. nevertheless, i will seek opportunities to long. still 2 more hours to go.

I am looking at this resistance and am thinking that we need some piece

of news to break through like the USD GDP, so I believe things would be

quiet from now on till the USD GDP hits the wires. In the meantime, time

to chill- overtrading leads to bad results

yes, i agree with you. i try not to go down below 4H.

it's quite important for me to seldom pull the trigger, the less the better. like one of my mentor said to trade like a sniper instead of a machine gunner.

gee..

ok ok i am old and slow. by the time i prepare the older, this thing shot through the roof. now it's back below the high with 15 minutes. what a mad day.

i think i will give myself a break on this crazy month end Friday. come back next week. have a good weekend lads.

anybody caught this text book entry e/u above daily open and above previous daily high ........i missed it argggh feel like pulling hair

just wondering does anyone know how i can have the custom indicators in this system in the mobile mt4 on an android phone

Hehe- ZX- I called it a day on UK open- decided to take a break today and

missing some grandiousse movements , but I am really not upset and Njokie-

u shouldn't be, as well, because those setups occur every day- in one currency

pair/commodity or another- but relaxation and a great state of mind is better than

stressing out on missed opportunities. It is always great to take a break from the markets

and come back full with energy and enthusiasm. I believe that is my way to stay

consistent- not just the system I am using.

But I agree with you, that this was a really great setup. Let's look for the next one, but

only after a good break for the eyes of the chartist has been taken

Have a good weekend ZX and everybody else

Chrz

HI at all, first, I would like to tell at AP3 a BIG THANK YOU for sharing this strategy. At the beginning of the week I opened a demo and I applied the strategy with a litlle modification and On friday the account increased around 8 %.

thank you .


My problem was , because I stay In eastof Canada( Montréal) and the best market is the open London Market and I can not to be in front of my screen all the NIGHT, I can not to wait until a engulf signal come.... I used the last fractal ( breakout) with the position of the daily open line: if is upper is a buy and below a sell but a big warning with the higher TF and the weekly open line ( same than the daily open line).

the result was a multi entry on the gbpcad and this night a big gain....

it is not perfect because I don't use a stop loss but I used a small lot size ( I tooked a 0.15 or $0.15, nano lot). My worst DD was around 5-6% ( used trackrecord indicator).

NOw I would some suggestions to improve my results. What be the time to be in front of the screen on the daily basis , what will bethe day of the week to trade ( monday to wenesday ro thursday to friday....) I don't know maybe some you.

also, becauseI am not in the front of my screen what will ther best protection : stop loss and where or a little small lot size and in this case when I closed a loss.

Thank you at all

Jean-Pierre

Hi chienung .... I do not know which is the indicator you are referring to, but the image only has this bookmark I put in post 61 which is the same as AP3 is on the 1st page, only I changed it a bit .
If you refer to the arrows, them I put them manually.
I hope that has cleared your doubt.
greetings,
JVBS

I put this trade yesterday before going to sleep, this morning I saw that the stop was triggered by just 3 pips, and then made ​​a large convoy in my direction, happens was a stop of 25 pips


EUR / CAD H1



greetings,
JVBS

Hi All,

This is my 1st try. I decided I will do what Ap3 suggested and not over-think it to much and also just to start to trade his method (on Demo) and give it ago and learn from there.

Here goes my 1st two trades.

EURAUD H4:


NZDUSD H4: