Attachments: H4 Power

H4 Power

#1,181
Apr 16, 2015 12:10pm Apr 16, 2015 12:10pm

Traderbry
| Joined Apr 2012 | Status: Trader | 198 Posts

Hi Pannet,

I don't know about needing great gut to take that trade, but like 60MM said, it's all about participation. The weekly and h4 charts both looked good at the time I set my pending order. I'm just glad it worked out...

#1,182
Apr 16, 2015 12:39pm Apr 16, 2015 12:39pm

pannet1
| Joined Oct 2011 | Status: Enjoying the master's presence | 739 Posts

Quoting Traderbry

Disliked

Hi Pannet, I don't know about needing great gut to take that trade, but like 60MM said, it's all about participation. The weekly and h4 charts both looked good at the time I set my pending order. I'm just glad it worked out...

Ignored

This is not undermine your effort but 60 would have taken the first engulf at the beginning of the week.

#1,183
Apr 16, 2015 10:04pm Apr 16, 2015 10:04pm

Traderbry
| Joined Apr 2012 | Status: Trader | 198 Posts

Quoting pannet1

Disliked

{quote} This is not undermine your effort but 60 would have taken the first engulf at the beginning of the week.

Ignored

True Pannet, but I think he might have added a stack trade at the same engulf I entered on. I do wish I had entered on that first engulf - but I missed it.

#1,184
Apr 17, 2015 9:41am Apr 17, 2015 9:41am

Dutchpippie
| Joined Apr 2015 | Status: Trader | 9 Posts

Guys, interesting tread.
H4 trading is very strong and when my head is clear i will study every thing in this tread.
Hope the members who getting the point will place a lot of pictures because pics ar better then words.

I think this is also very interessting for all of you, maybe you now it allready.. I dont know, otherwise... Now you know it

Place a EMA 55 on the H4 chart and check this...
Price action wil go up (or down) for 55, 89, 144, 233 pips measured from crossing the ema 55.
When trending strong some other Fibonacci key levels will get hit by price action... 377 and 610.

When the pair is ranging it will be the smallest, the 55 pips move...

I'm short in time and have to do a lot of analysing but on the USDJPY its very accurate...

Check it and i think this can be helpfull with the H4 candlestick trading.

Forex is a lot more than a line on a chart. Learn pattern's and combine this with candlestick formations and let the markets pay us for life!

Ps, the tdi indicator crosses are strong on H4 to.

#1,185
Apr 22, 2015 10:57am Apr 22, 2015 10:57am

Traderbry
| Joined Apr 2012 | Status: Trader | 198 Posts

I lost 70 pips on the EA this week - any thoughts on what I did wrong here are welcome. I fully accept that I can't win 100% of the time, though. Actually, I'm up 45 pips on an AudCad trade right now...

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#1,186
Apr 22, 2015 11:42am Apr 22, 2015 11:42am

pannet1
| Joined Oct 2011 | Status: Enjoying the master's presence | 739 Posts

Traderbry,

Sorry for that EA trade mate.

Its easy for anyone to say now. But I made a sincere effort no offense meant.

1) Bearish Weekly Trend (not yet Bullish engulfed)
2) Your actually taking a counter-trend trade (from the weekly perspective)

Though the (countertrend) move you visualised (i hand drew the last bar) is correct but it will happen only in th end of the week

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#1,187
Apr 22, 2015 6:41pm Apr 22, 2015 6:41pm

Traderbry
| Joined Apr 2012 | Status: Trader | 198 Posts

Quoting pannet1

Disliked

Traderbry, Sorry for that EA trade mate. Its easy for anyone to say now. But I made a sincere effort no offense meant. 1) Bearish Weekly Trend (not yet Bullish engulfed) 2) Your actually taking a counter-trend trade (from the weekly perspective) Though the (countertrend) move you visualised (i hand drew the last bar) is correct but it will happen only in th end of the week {image}

Ignored

Pannet,

It was against the weekly trend, but I was playing it off of the h4 engulf that occurred before my entry - remember I am still trying to decide if I should trade solely from the h4 or if I should keep the weekly in mind and only trade in its direction.

How do you know that the move I was trying to catch will happen at the end of this week? What makes you predict this?

Bry.

#1,188
Apr 22, 2015 9:11pm Apr 22, 2015 9:11pm

pannet1
| Joined Oct 2011 | Status: Enjoying the master's presence | 739 Posts

Quoting Traderbry

Disliked

{quote} Pannet, It was against the weekly trend, but I was playing it off of the h4 engulf that occurred before my entry - remember I am still trying to decide if I should trade solely from the h4 or if I should keep the weekly in mind and only trade in its direction. How do you know that the move I was trying to catch will happen at the end of this week? What makes you predict this? Bry.

Ignored

Traderbry,

Its good to think that trade is like a game. But I would like to go to any extend to avoid the big loss (in pip), like yours. Markets do what they do. It does not mean all H4 engulfs should reward IMHO. Yes, but if needs to turn it needs to engulf but what if its not turning now, like it happened in your case. Thats why the best bet is to ride in the begging of the trend, at least after the Weekly or at least Daily Engulf happened.

The move predication is just a pattern mind is drawing. Just have a re look at the last (bearish) bar I drew. But if it have to make that bearish move, price must have gone up like you expected.

#1,189
Apr 23, 2015 7:47am Apr 23, 2015 7:47am

Traderbry
| Joined Apr 2012 | Status: Trader | 198 Posts

AudCad - up 81 pips before it reversed on me to BE...

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#1,190
Apr 24, 2015 10:03am Apr 24, 2015 10:03am

Traderbry
| Joined Apr 2012 | Status: Trader | 198 Posts

Does anyone have or know how to code an alert for the types of engulfs discussed in this thread? I have seen alerts for outside bars (engulfs that include the tails of the candles), but I'm seeking an alert for engulfs that involve candle bodies only.

Thanks,

Bry

#1,191
Apr 25, 2015 10:13am Apr 25, 2015 10:13am

H4-forex
| Additional Username | Joined Sep 2014 | 108 Posts

Quoting H4-forex

Disliked

hello everyone , hope you guys are enjoying your weekend and ready for next week . im gonna share couple of my trade with i'm gonna watch coming week , may be these gonna help you as well ... my first chart is USD/CHF , there is weekly engulf candle if it goes well thn we can get more thn 250pip, this is in my watch list for next week . {image} my second trade would be GBP/USD as you can see weekly engulf , if it goes well , thn it gonna hit monthly S/R which means we can get more then 150pip , this would be in my watch list as well.. {image} 3rd...

Ignored

hi everyone,
im here again with my trade updates, as i posted 3 trades abt 2 weeks ago, and i took one of those EUR/GBP
i'm still in trade with 100+ pips and im still looking for more 50-70pips,
the other 2 trades wich i mentioned in my last post, those trades didn't turn in my favour so i didn't try to trade them.
if i see any new trade for this coming week i'll post here.
thanks you guys have a nice weekend .

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#1,192
Apr 28, 2015 8:20am Apr 28, 2015 8:20am

Traderbry
| Joined Apr 2012 | Status: Trader | 198 Posts

AudUsd gave me 90 pips overnight. Today begun with an engulfing pin; I entered with a pending order to break above it and exited when I awoke this morning with 90 pips. The Weekly chart says there may be more upside in store for the AudUsd - I will keep an eye out for more entries, but I didn't want to leave 90 pips at risk, so I exited manually with a smile...

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AudJpy gave me 110 pips from an entry 2 days ago. An engulf and break triggered me in and as price approached a Weekly s/r point, my TP was hit and I was rewarded...

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#1,193
Apr 28, 2015 10:23am Apr 28, 2015 10:23am

pannet1
| Joined Oct 2011 | Status: Enjoying the master's presence | 739 Posts

Quoting Traderbry

Disliked

AudUsd gave me 90 pips overnight. Today begun with an engulfing pin; I entered with a pending order to break above it and exited when I awoke this morning with 90 pips. The Weekly chart says there may be more upside in store for the AudUsd - I will keep an eye out for more entries, but I didn't want to leave 90 pips at risk, so I exited manually with a smile... {image} AudJpy gave me 110 pips from an entry 2 days ago. An engulf and break triggered me in and as price approached a Weekly s/r point, my TP was hit and I was rewarded... {image}

Ignored

#1,194
Apr 28, 2015 12:56pm Apr 28, 2015 12:56pm

Traderbry
| Joined Apr 2012 | Status: Trader | 198 Posts

Haha - thanks Pannet!

#1,195
Apr 29, 2015 12:22am Apr 29, 2015 12:22am

H4-forex
| Additional Username | Joined Sep 2014 | 108 Posts

Quoting Traderbry

Disliked

AudUsd gave me 90 pips overnight. Today begun with an engulfing pin; I entered with a pending order to break above it and exited when I awoke this morning with 90 pips. The Weekly chart says there may be more upside in store for the AudUsd - I will keep an eye out for more entries, but I didn't want to leave 90 pips at risk, so I exited manually with a smile... {image} AudJpy gave me 110 pips from an entry 2 days ago. An engulf and break triggered me in and as price approached a Weekly s/r point, my TP was hit and I was rewarded... {image}

Ignored

good work keep it up.
to be honest i dont like to take 4h engulf i always go with weekly or daily, but u r doing good job best of luck ...