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H4 Power

Quoting 60minuteman
{quote}
H1 just engulfed. just, so looking for long on 5 min now.
Hey all

This is my view on Gold...

You can see more trades I add at my Thread :

http://www.forexfactory.com/showthre...78693&page=345
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Quoting studio1
{quote} H1 just engulfed. just, so looking for long on 5 min now.
that's that then... NFP is always an ass to trade, should of gone to the beach... see you Monday!
tradewith60
hey 60minuteman, was re-reading the Weekly / H4 Flow thread. Wondered what made you move on from there? The eternal quest for improvement? Any reasons in particular you over back to a system with more screen time - seems you were quite keen to get away from that (as I am and am wanting to develop a 4hr system).
Quoting studio1
hey 60minuteman, was re-reading the Weekly / H4 Flow thread. Wondered what made you move on from there? The eternal quest for improvement? Any reasons in particular you over back to a system with more screen time - seems you were quite keen to get away from that (as I am and am wanting to develop a 4hr system).
Hi studio, I was asked to contribute to a paid website with daily videos, the SR/price action trading here is more suited to that format and it's what the subscribers wanted. That is why I started posting here again. In essence they're all the same system with different formats, price goes up and down, buy when were up, sell when were down, then either pick wide stops, high win rate, lower RR or pick small stops, lower win rate, higher RR...
tradewith60
last nights analysis for GU,EJ,AU and EU is up on the facebook page..
tradewith60
cheers, yup all variations on the theme, and thanks for putting it out there, I love the simplicity.

Quoting 60minuteman
{quote} Hi studio, I was asked to contribute to a paid website with daily videos, the SR/price action trading here is more suited to that format and it's what the subscribers wanted. That is why I started posting here again. In essence they're all the same system with different formats, price goes up and down, buy when were up, sell when were down, then either pick wide stops, high win rate, lower RR or pick small stops, lower win rate, higher RR...
this should make sense

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tradewith60
EJ price action today - followed the plan laid out in the earlier analysis video, executed the plan, successful outcome.

https://www.facebook.com/flowtraders...type=2&theater
tradewith60
sure does - and also why I am long VIX futures on a continual basis - when she blows, she blows! It seems volatility has a baseline.

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Hey 60MM,

After Weekly engulfs on EU and EC, I entered last night after H4 engulfs for 130 pips per lot on the EC,

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and 140 pips per lot on the EU

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Quoting Traderbry
Hey 60MM, After Weekly engulfs on EU and EC, I entered last night after H4 engulfs for 130 pips per lot on the EC, {image} and 140 pips per lot on the EU {image}
very nice trades TB !
tradewith60
2 trades tonight. Short EJ - counter-trend but I could see she had spent hours struggling at resistance. Entered at top of retrace in LO after strong H1 engulf in Frankfurt: 108 pips :-) set TP a few pips above a Daily S&R and near ADR fulfilment.


The other a GU short - tiny engulf on GU 1hr just prior to FO. App 65 pips banked with half position still open and risk moved to BE.

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Quoting studio1
2 trades tonight. Short EJ - counter-trend but I could see she had spent hours struggling at resistance. Entered at top of retrace in LO after strong H1 engulf in Frankfurt: 108 pips :-) set TP a few pips above a Daily S&R and near ADR fulfilment. The other a GU short - tiny engulf on GU 1hr just prior to FO. App 65 pips banked with half position still open and risk moved to BE. {image} {image}
perfect... I got some EJ action down to the daily SR/ just trading the H1/M5 set ups at the daily extremes works very well..I often just do that
tradewith60
EJ long amongst other trades today, a solid start to the week

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tradewith60
excellent. I decided to TP rest of GU at same level as previously as price was wanting to move north (which it did).
http://en.wikipedia.org/wiki/Dunning...3Kruger_effect

one of the many reasons trading is difficult for human beings, rarely their technical strategy, nearly always their mindset. If you dont know about these things it is impossible (almost) to improve as a trader, look them up!

Dunning kruger effect
Growth mindset
Loss Aversion
Mirror neurons
Hindsight bias
Patternicity and Apophenia

the list goes on, you have to be self aware, you have to understand decision making processes, you have to be prepared to work.
tradewith60
Yeah, super interested in the psychology side of things. I've been looking at Denise Schull - anything else you recommend?
Quoting studio1
Yeah, super interested in the psychology side of things. I've been looking at Denise Schull - anything else you recommend?
Denise is excellent for understanding the importance of emotions on decision making and understanding what the markets really consists of. other than that it is really just a case of self examination and awareness. Make notes of the mistakes you make, how you were feeling when you made them. Your weaknesses and strengths, not just in trading but all aspects of life.


I hope im not sounding preachy, but essentially when I realized my strategies were good but I was crap at trading then I could really start to trade consistently....

this study on the top performing traders in London was good, and many of the TED talks are good too (all on youtube)

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tradewith60
Hello ,60minuteman I was reading about this strategic and I think is great ,I tried to open the video in facebook but I had problem with my 2 PC ,is something wrong?,Is the gold in sell right now ?,because I saw week in sell 4 H engulf and 15 too ,am I right?,,,,sorry for my english.
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