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H4 Power

  • #1,341
  • Jun 10, 2015 3:24am Jun 10, 2015 3:24am
Hi 60,

I must say I'm very impressed with your analysis and videos you have made. In the long time I haven't seen that simple and clean explanation on "why" and "where".
One last thing. Where do I sign up?
Best regards


P.S you can contact me on my: nick at gmail
  • #1,342
  • Jun 10, 2015 4:15am Jun 10, 2015 4:15am
Quoting GoForPip
Hi 60, I must say I'm very impressed with your analysis and videos you have made. In the long time I haven't seen that simple and clean explanation on "why" and "where". One last thing. Where do I sign up? Best regards P.S you can contact me on my: nick at gmail
thank's Nick... I will email you.
tradewith60
  • #1,343
  • Jun 10, 2015 4:16am Jun 10, 2015 4:16am
Quoting Juank010
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. {image} {image} {image}
Juan you are right. Not sure about the video, I will check if it is ok.

If you are using W1 H4 though I would aim for weekly SR
tradewith60
  • #1,344
  • Jun 10, 2015 4:56am Jun 10, 2015 4:56am
Quoting 60minuteman
{quote} thank's Nick... I will email you.
I meant nickname "goforpip"
  • #1,345
  • Jun 10, 2015 5:06am Jun 10, 2015 5:06am
Quoting GoForPip
{quote} I meant nickname "goforpip"
oops yeah... sorry half asleep this morning
tradewith60
  • #1,346
  • Jun 10, 2015 5:07am Jun 10, 2015 5:07am
#tweet GJ if you trade intraday... new weekly level, h1 engulf long....
tradewith60
  • #1,347
  • Edited 5:55am Jun 10, 2015 5:43am | Edited 5:55am
Was my analysis right ?,I was 22 pips + but out 10 pips - SL ,should I wait for englf in 4 H again,or just for 15 min ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 H new.jpg Size: 284 KB
Click to Enlarge Name: 15 new.jpg Size: 231 KB
  • #1,348
  • Jun 10, 2015 6:07am Jun 10, 2015 6:07am
Quoting Juank010
Was my analysis right ?,I was 22 pips + but out 10 pips - SL ,should I wait for englf in 4 H again,or just for 15 min ? {image} {image}
is H4 still short?
tradewith60
  • #1,349
  • Jun 10, 2015 8:45am Jun 10, 2015 8:45am
SL out again,Should I wait for engulf in 4 H for another enter,or is ok this enter?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: oro 4 h.jpg Size: 123 KB
Click to Enlarge Name: 15 min.jpg Size: 108 KB
  • #1,350
  • Jun 10, 2015 3:24pm Jun 10, 2015 3:24pm
Quoting Juank010
SL out again,Should I wait for engulf in 4 H for another enter,or is ok this enter? {image} {image}
h4 is trending long, the push is long
tradewith60
  • #1,351
  • Jun 10, 2015 7:18pm Jun 10, 2015 7:18pm
Thanks for you answer,but you dont check weekly too,is not weekly up ?
  • #1,352
  • Jun 11, 2015 12:32am Jun 11, 2015 12:32am
Quoting 60minuteman
{quote} oops yeah... sorry half asleep this morning
Hi 60,
still waiting for the email
  • #1,353
  • Jun 11, 2015 4:49am Jun 11, 2015 4:49am
Quoting GoForPip
{quote} Hi 60, still waiting for the email
done...!
tradewith60
  • #1,354
  • Jun 11, 2015 4:52am Jun 11, 2015 4:52am
Quoting Juank010
Thanks for you answer,but you dont check weekly too,is not weekly up ?
Weekly is trending down so you can short H4 engulf with M15 entry. If daily has engulfed long you can take a counter trend trade using H1 engulf to enter.

Alternatively you can just trade all H4/m15 and use weekly SR as targets.
tradewith60
  • #1,355
  • Jun 11, 2015 5:37am Jun 11, 2015 5:37am
Thanks ,I got it the TP but I dont understand what do you means with ...you can take a counter trend ....,How do you do that?
  • #1,356
  • Jun 11, 2015 5:45am Jun 11, 2015 5:45am
thank you for this strategy and explanation
  • #1,357
  • Jun 11, 2015 6:11am Jun 11, 2015 6:11am
anybody get that GJ h1 engulf long yesterday?

also as the day still closed down I would of waited for a h4 engulf long today, with an M15 engulf entry..

here is the H4 chart... we can see it has engulfed and is trending up...M15's are good long.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-06-11 at 12.09.38.png Size: 19 KB


here's a nice m15 entry after my London open H4 closed
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-06-11 at 12.09.26.png Size: 29 KB
tradewith60
  • #1,358
  • Jun 11, 2015 6:17am Jun 11, 2015 6:17am
sometimes this way of trading can get confusing with all the timeframes and SR, so keep this as a sticky..

1. we are looking to buy the low of the day (week) and sell the high
2. we will use the engulf pattern to find it
3. we will go to a lower tf to increase RR

here's a daily chart, I am buying the low... (the low and high of the day occurs mostly in London and New York)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-06-11 at 12.14.44.png Size: 22 KB


it is really as simple as that, repeat everyday
tradewith60
  • #1,359
  • Jun 11, 2015 7:06am Jun 11, 2015 7:06am
Quoting Juank010
Thanks ,I got it the TP but I dont understand what do you means with ...you can take a counter trend ....,How do you do that?
Juan if the daily is long and you are trying to short the high of the day, you are counter
tradewith60
  • #1,360
  • Edited 1:49pm Jun 11, 2015 1:37pm | Edited 1:49pm
Thanks for a great thread Darren. I find all the time frames confusing. Just to clarify with the 5m entry. You mark the high and low of the current daily candle. When price reaches the H or L, you wait for an engulf on the H1 and then drop to the 5m and enter on the close of another engulf in the same direction of the H1 engulf, unless you have an H4 counter trend engulf then you can trade counter on the close of a15m engulf.
Also, would it be better to look at the overall trend and trade the next pullback daily as in your image above and target the high of the daily candle or next daily s & r.
Thank you and if you ever open a live trading room I will definitely join.

Just to add, I realise that price can turn at any daily s & r and not just the current candle.
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