Hi steve,
when trading h4 time frame ,which higher time frame ( daily or weekly ) must take for primary trend?
when trading h4 time frame ,which higher time frame ( daily or weekly ) must take for primary trend?
- #5,602
- Dec 4, 2014 1:01am Dec 4, 2014 1:01am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
selamat pagi..good morning @all hi stevepatt.. how do you think? {image}
Hi kholid;
I don't trade GBP/CAD, but looking at the charts I wouldn't be looking to go long yet.
When making Trading decisions take the higher TFs into consideration.
Trade with the Primary Trend if you are Trading H4 and you are Trading with the D1 and W1 Primary Trend you will have a much better EDGE in your Trading
- #5,603
- Dec 4, 2014 1:08am Dec 4, 2014 1:08am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
- #5,607
- Dec 4, 2014 9:20am Dec 4, 2014 9:20am
{quote} Hi kam; Take a look at the post above. You want to be aware of both the D1 and W1 Trend when they are both in the same direction your EDGE becomes that much stronger. Look for the pullback on H4 to get you into Trades that is going with both the D1 and W1 Trend. If the D1 Trend is going against the W1 Trend and the Market is at a strong level of Support/Resistance/BRN/RN then taking a H4 Trade that gets you back in line with the W1 Trend can be very lucrative. I hope that makes sense to you if not get back to me.
Make choices and don't look back !
- #5,609
- Dec 4, 2014 11:50am Dec 4, 2014 11:50am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
{quote} Looking for PA to take short E / U , but without an inside candle or some pin bars i think i will not enter 'cuz of that bullish engulfing candle that is formed today
Hi Purec;
I think the ECB Press Conference at 1.30 GMT caused the EUR to spike like that.
Chances are it will settle down and normal service will resume but we have NFP tomorrow so I would not be looking to get into any new trades this week.
- #5,611
- Dec 4, 2014 12:20pm Dec 4, 2014 12:20pm
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
- #5,612
- Dec 4, 2014 2:23pm Dec 4, 2014 2:23pm
- | Commercial User | Joined Jan 2013 | 1,524 Posts
Every man who thinks ahead of his time is sure to be misunderstood.
- #5,615
- Dec 5, 2014 12:43am Dec 5, 2014 12:43am
{quote} EUR/USD D1 The spike after the ECB News Conference took me out of this trade at BE +2 pips. EUR/JPY D1 Trade in this Post 5,576 turned into a loser. I was unexpectedly detained today and got caught out by the EUR spike. If the ECB press Conference had gone the other way I would have been laughing all the way to the bank. But I've still got AUD/USD D1 and NZD/USD D1 still running at about +200 pips. {image} {image}
- #5,616
- Dec 5, 2014 1:09am Dec 5, 2014 1:09am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
{quote} Thanks to you Steve I'm Learning all the time, a big thumbs up to you for showing loosing trades as well as successful trades green pips to you
Hi Piprader;
It's important, for the continuity of a thread, that anyone posting trades should show the trades outcome win or lose.
By doing this anyone, reading the thread, can get a far better idea of what can be expected from the method being traded.
I've got nothing to lose by posting my losing trades here, I'm not selling anything.
In the past I've been as guilty, as anyone, of only posting trades when they are becoming winners and ignoring the losers.
Now I only post trades that are either pending or have only just triggered I guess it's a sign of becoming more confident in my trading decisions.
- #5,618
- Dec 5, 2014 1:51am Dec 5, 2014 1:51am
{quote} Hi Piprader; It's important, for the continuity of a thread, that anyone posting trades should show the trades outcome win or lose. By doing this anyone, reading the thread, can get a far better idea of what can be expected from the method being traded. I've got nothing to lose by posting my losing trades here, I'm not selling anything.
You have inspired me and I am sure many others and made sense of the market in a way that I can now relate to, so going forward I am as determined as I ever was to make my way and hopefully in the future put something back into helping others as you do.
Thank you Stevepatt
{quote} This is 100% nail on the head Steve, I absolutely agree with you, I am guilty of not posting my entries live, I am not confident in my trades and because of this I don't feel that what I am doing will help other traders, I will from here on though push myself to put forward my up and coming trades. I don't make a lot of trades even on Demo and this again is a lack of confidence due to 4 years of loosing most of my live account. You have inspired me and I am sure many others and made sense of the market in a way that I can now relate to,...
- #5,620
- Dec 5, 2014 2:39am Dec 5, 2014 2:39am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts