H4 Power

Quoting spankworthy

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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...

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Quoting 60minuteman

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{quote} If you just take h1 engulfs at the extreme's (current hi or low of the day) then drop to m5 for an engulf - you will do fine. Hey 60 i have a question about extremes: current hi/low or previous day hi/low ? anyway....nice to see you here again

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Quoting demosh

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if its the current day,how are we going to be sure we at the low or high of the day. price can still move in any direction before the close of the day?pls help clarify. thanks you are doing a good job

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Quoting 60minuteman

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{quote} hey Spank' great name yes to go straight in with all the timeframes is very difficult. But we don't have to trade like that. If you just take h1 engulfs at the extreme's (current hi or low of the day) then drop to m5 for an engulf - you will do fine. It will also get you into the groove of how price moves at the SR. If you do a few weeks finding the high and low of the day you can then move onto finding the high and low of the H4 when you have missed the high and low of the day... it's a suggestion and I trade like that a lot of the time...

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Quoting Juank010

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Thanks 60minuteMan Is EURUSD Daily down,now ,if it is we have to counter trend in 1 H down in High ?

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Quoting Juank010

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Thanks 60minuteman ,but How I determine the high because sometimes after the candle close continuous the trend. ?

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Quoting spankworthy

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Hi Darren, what are your thoughts on daily engulfs using weekly or monthly S & R please? Have you ever traded them?

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Quoting 60minuteman

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{quote} ok you are thinking too deeply... open a chart, any chart... is the last h1 that closed the high or low of the day? its a simple yes/no... The safest trade is when that answer is yes. It is a good point to start from. look at gu now, is that h1 engulf the high of the day? yes or no? I am asking you now, not in the future???? {image}

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Quoting Katfx

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{quote} Hi 60min. them in this case you are going short, am I right?

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Quoting 60minuteman

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I posted analysis for todays trades on GU and EJ on the daily trader last night (you can see the analysis video on the facebook page) https://www.facebook.com/flowtraders...type=2&theater ... and here is the trade based on the analysis : GU engulf long at the daily low and weekly SR - target marked above {image}

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Quoting GoForPip

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{quote} Hi 60 Very nice analysis and beautiful trade. Keep it up. P.S waiting for your reply on last mail. Thanks

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