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  • #501
  • Mar 20, 2014 2:00am Mar 20, 2014 2:00am
Quoting ubp
PENDING OIL LONG. {image}
Hey ubp,

looks like a nice setup, but I believe this stop should be under the low. i.e.

around the level of 98.25 if you want to go with the rules of the 4H. Just

trying to be helpful
  • #502
  • Mar 20, 2014 3:30am Mar 20, 2014 3:30am
Wake up call

This looks like a quite promising setup- look at

the NJ pair and this bullish engulfing pattern

what do you think fellas?

I am still with the USD/JPY long from yesterday, but

cannot resist taking this one, as well
Attached Image (click to enlarge)
Click to Enlarge Name: nj.png Size: 76 KB
  • #503
  • Mar 20, 2014 4:14am Mar 20, 2014 4:14am
Thanks for the help nasko. Much appreciated. I like that n/j trade. Bouncing off of some support there.

I have the pending buy on u/c
Attached Image (click to enlarge)
Click to Enlarge Name: PENDING BUYusdchf-h4-.png Size: 16 KB
  • #504
  • Mar 20, 2014 4:17am Mar 20, 2014 4:17am
No worries ubp, be careful with that UC because it is just above a monthly

resistance/support- it might make a correction before going up again

Just saying
  • #505
  • Mar 20, 2014 4:31am Mar 20, 2014 4:31am
Quoting ubp
PENDING OIL LONG. {image}
i see it potential goes south

cheers
  • #506
  • Mar 20, 2014 4:42am Mar 20, 2014 4:42am
Quoting tlpfx14
{quote} i see it potential goes south cheers
Exactly!

I was just about to post that SELL signal

sorry ubp
Attached Image (click to enlarge)
Click to Enlarge Name: oil.png Size: 46 KB
  • #507
  • Mar 20, 2014 5:46am Mar 20, 2014 5:46am
@tipfx14
Quoting nasko
{quote} Exactly! I was just about to post that SELL signal sorry ubp {image}
Good call on that previous bearish oil setup. It is looking very likely as if I may get stopped out on this one....I have to keep a keener eye.
  • #508
  • Mar 20, 2014 8:21am Mar 20, 2014 8:21am
Quoting ubp
@tipfx14 {quote} Good call on that previous bearish oil setup. It is looking very likely as if I may get stopped out on this one....I have to keep a keener eye.
text book trade e/u unfortunately am unable to post the chart am being taken to forex factory news page dont know whats up anybody who can help
thankyou gregwilson
  • #509
  • Mar 20, 2014 8:44am Mar 20, 2014 8:44am
g/chf showing pb @ h4, following downtrend, watching!
cheers
  • #510
  • Mar 20, 2014 9:13am Mar 20, 2014 9:13am
Are the two bar that I have marked with an ellipse in the screenshot consider to be a 2-bar engulfing bars? I have taken the trade on the 3 candle that I have marked with a red arrow.. I'm just confused.. I just took the trade in GBP/USD 4 HR... Please clarify me..

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 181 KB
  • #511
  • Mar 20, 2014 9:30am Mar 20, 2014 9:30am
Quoting chanx
Are the two bar that I have marked with an ellipse in the screenshot consider to be a 2-bar engulfing bars? I have taken the trade on the 3 candle that I have marked with a red arrow.. I'm just confused.. I just took the trade in GBP/USD 4 HR... Please clarify me.. {image}
i think it is a good call for short (i short too) but based on the pb + bear candle on h4.

unless it is a 2-candles tf, like 8h in your case, it is ambiguity to read the candle patterns because you can combine the pb to the left candle, and the bear candle to the right candle.

just my 2 cents opinion.

good luck to your g/u.

cheers
  • #512
  • Mar 20, 2014 9:57am Mar 20, 2014 9:57am
text book trade closed for 1:2 ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4 20th.png Size: 32 KB
thankyou gregwilson
  • #513
  • Mar 20, 2014 1:13pm Mar 20, 2014 1:13pm
Quoting tlpfx14
{quote} i think it is a good call for short (i short too) but based on the pb + bear candle on h4. unless it is a 2-candles tf, like 8h in your case, it is ambiguity to read the candle patterns because you can combine the pb to the left candle, and the bear candle to the right candle. just my 2 cents opinion. good luck to your g/u. cheers
thx for the clarification.... I hope GBP/USD be in my favor..
  • #514
  • Mar 20, 2014 2:09pm Mar 20, 2014 2:09pm
Quote
Stack H4 and H1 together at the same time, in the same direction.

Does it mean that if I have a sell position open in H4 and if I find any bearish engulfing pattern in H1 tf then should we enter that signal irrespective of whether another stacking signal is formed in H4 tf or not.
  • #515
  • Mar 20, 2014 5:52pm Mar 20, 2014 5:52pm
Quoting chanx
{quote} Does it mean that if I have a sell position open in H4 and if I find any bearish engulfing pattern in H1 tf then should we enter that signal irrespective of whether another stacking signal is formed in H4 tf or not.
imho:
lower tf like h1 and below often give inaccurate patterns
but again it is the trading method that the traders choose

for h1 i look for the level with pb pattern
cheers
  • #516
  • Mar 20, 2014 7:50pm Mar 20, 2014 7:50pm
Hello everyone ,
this is a nice system ,,,,,,,,,,I been fallowing it for some time now.
My opinion on this is
some bookers uses GMT on the their chart and so the 4 hour candle will look different ,and I think it would be more accurate than bookers who doesn’t? ( on engulfing patterns )…..
Please do comment………
Thanks
  • #517
  • Edited 11:52pm Mar 20, 2014 9:56pm | Edited 11:52pm
is the entry the lowest or highest of the engulfing bars BODY or it's wick? If it's the wick, what if that wick is not breached until several bars later?

edit: sorry, I've re-read and it should be the body + wick. My question is what if there was no entry in the following bar of the engulfing bar, but one or two bars thereafter. Is it no longer wise to enter because the market has proven there is not much "momentum" in the direction of interest?
  • #518
  • Mar 20, 2014 11:51pm Mar 20, 2014 11:51pm
Quoting tlpfx14
{quote} imho: lower tf like h1 and below often give inaccurate patterns but again it is the trading method that the traders choose for h1 i look for the level with pb pattern cheers
thx dude... I am also thinking the same thing.. And my trust percent for 1 hr tf is 50%..
  • #519
  • Mar 21, 2014 1:40am Mar 21, 2014 1:40am
Quoting chanx
{quote} Does it mean that if I have a sell position open in H4 and if I find any bearish engulfing pattern in H1 tf then should we enter that signal irrespective of whether another stacking signal is formed in H4 tf or not.

I have also been wondering what that statement means i even messaged AP3 about it but am yet to recive his response
this is what i understand according to the charts below note that odds are better if price is below daily open and below previous daily low i just posted this for explanation purposes
i could be wrong may be AP3 could clarify for us

1st chart 4h engulfing candle spotted next candle is at 12 00
2nd chart in 1h engulfing candle also spotted next candle is 12.00 same time with 4h
thats my understanding someone could correct me if am wrong
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh41.png Size: 27 KB
Click to Enlarge Name: gbpusdh11.png Size: 27 KB
thankyou gregwilson
  • #520
  • Mar 21, 2014 3:54am Mar 21, 2014 3:54am
Good morning guys,

I have spotted this engulfing, which has 5 more minutes to complete.

It is on the 4H and in line with the trend.

Let's give it a try
Attached Image (click to enlarge)
Click to Enlarge Name: nu.png Size: 56 KB
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