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Swing-Hi trading System

  • #61
  • Dec 8, 2014 5:53am Dec 8, 2014 5:53am
Simply put. 2nd bar is both an engulfing as an outside bar. Is it so hard to get?
  • #62
  • Dec 8, 2014 5:53am Dec 8, 2014 5:53am
Quoting borgu
This system is awesome, i have made 3 trades this morning all green at 5 pip tp and 15 pip sl. watch EurUsd H1 now another set up is forming. Obi please confirm if i am right. H1 USDJPY another set up is forming
Nwanne, were ya gaba
just got another 10pips on EUR/USD 30M, waiting for 1H formation to complete for another trade on EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmM30-2.png Size: 17 KB
  • #63
  • Dec 8, 2014 5:56am Dec 8, 2014 5:56am
obi
which is the broker you are using.
  • #64
  • Dec 8, 2014 6:07am Dec 8, 2014 6:07am
Quoting Obi
{quote} Nwanne, were ya gaba just got another 10pips on EUR/USD 30M, waiting for 1H formation to complete for another trade on EUR/USD {image}

Took 10 pips on EU 15 mins trade my entry was bit late.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-ProM15.png Size: 35 KB
  • #65
  • Dec 8, 2014 6:08am Dec 8, 2014 6:08am
Quoting borgu
This system is awesome, i have made 3 trades this morning all green at 5 pip tp and 15 pip sl. watch EurUsd H1 now another set up is forming. Obi please confirm if i am right. H1 USDJPY another set up is forming
there is no setup forming on USD/JPY 1H, pleas take note, It formed on EUR/USD 1H
  • #66
  • Dec 8, 2014 6:12am Dec 8, 2014 6:12am
Quoting jeetvirk
{quote} Took 10 pips on EU 15 mins trade my entry was bit late. {image}
see also your missed trade
Attached Image
  • #67
  • Dec 8, 2014 6:16am Dec 8, 2014 6:16am
Quoting wealthpro
obi which is the broker you are using.
it does not matter the broker you are using, just setup the system on MT4 platform of any honest broker that uses GMT time. then place the trade with yoour broker.
  • #68
  • Dec 8, 2014 6:19am Dec 8, 2014 6:19am
Quoting Obi
{quote} see also your missed trade {image}

yee i saw it but after reading your thread

thanks
  • #69
  • Dec 8, 2014 6:37am Dec 8, 2014 6:37am
1H EUR/USD has been so boring, I'm out at +2 pips
  • #70
  • Dec 8, 2014 6:48am Dec 8, 2014 6:48am
hi obi

What about your use some filters?

thank you
Attached Image (click to enlarge)
Click to Enlarge Name: engulf filter.png Size: 112 KB
  • #71
  • Dec 8, 2014 7:16am Dec 8, 2014 7:16am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Obi
{quote} it does not matter the broker you are using, just setup the system on MT4 platform of any honest broker that uses GMT time. then place the trade with yoour broker.
For setup lower than H4, the brokers time doesn't matter at all. Candle formation is exactly the same.

H4 and above are different because of the difference in candle open time and completion.
MT4/MT5 EAs/Indicators/Alerts coder
  • #72
  • Dec 8, 2014 7:27am Dec 8, 2014 7:27am
Quoting FerruFx
{quote} For setup lower than H4, the brokers time doesn't matter at all. Candle formation is exactly the same. H4 and above are different because of the difference in candle open time and completion.
1H and all lower TFs are universal. this does not apply to anything higher than 1H
As Above, So Below
  • #73
  • Dec 8, 2014 7:29am Dec 8, 2014 7:29am
Quoting FerruFx
{quote} For setup lower than H4, the brokers time doesn't matter at all. Candle formation is exactly the same. H4 and above are different because of the difference in candle open time and completion.
you are right
  • #74
  • Dec 8, 2014 7:29am Dec 8, 2014 7:29am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting tashkent
{quote} 1H and all lower TFs are universal.
Yes, that was my point ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #75
  • Dec 8, 2014 7:30am Dec 8, 2014 7:30am
Quoting FerruFx
{quote} Yes, that was my point ...
As Above, So Below
  • #76
  • Dec 8, 2014 7:50am Dec 8, 2014 7:50am
another big player enters EUR/USD on 1H, a reason to still hold onto your buy position from the previous trade if you have not exited. a lot of pips flying around
  • #77
  • Dec 8, 2014 8:07am Dec 8, 2014 8:07am
Quoting marshalmax
So to reword the signal and entry rules so all readers can see for sure how it all works. Let me see if I get this right from OP and thread so far: BUY SETUP candle 1 must be a short (red) candle ie close lower than open candle 2 must be a long (blue) candle ie close higher than open candle 2 must be have a lower low than candle 1 candle 2 must close higher than candle 1 open ie candle 2 body "engulfs" candle 1 body BUY ENTRY candle 3 must drop below opening (go red) for a short time. Place long order at open and let price move back up and trigger...
why not just say engulfing candle or outside bar, period
  • #78
  • Dec 8, 2014 8:17am Dec 8, 2014 8:17am
ok thanks

you are right ... I've had a look at lower tf and works well ... a quick and easy way to make a few pips, without further analysis
  • #79
  • Dec 8, 2014 8:52am Dec 8, 2014 8:52am
How valid is this setup at the moment on E/U on H1?

thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 74 KB
  • #80
  • Dec 8, 2014 9:11am Dec 8, 2014 9:11am
Entered in at 1.2276, now at 1.2286 - 10pips, however not exited trade yet. Am monitoring this and checking on 5mins/15mins on whether this is worth hanging on..

Still need to master the art of entering if i am to use more lots.
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