MPE - Momentum, Pullback, Engulf | Page 2 | Forex Factory

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MPE - Momentum, Pullback, Engulf

  • #21
  • Jun 9, 2017 1:02am Jun 9, 2017 1:02am
Quoting arlucad
So you watch 12 pairs on 1 minute chart the whole time? but trade 6. i think 6 is really alot when a engulfing forms on m1 it can go really fast imo do you set pendings or how do you manage that?
No, I watch and trade all 12 pairs by cheery picking the best looking one atm.
Pending.
  • #22
  • Jun 9, 2017 1:03am Jun 9, 2017 1:03am
hmm.. okay^^
Everyday better.
  • #23
  • Jun 9, 2017 1:15am Jun 9, 2017 1:15am
How does a Cherry picked chart should look like?

Should it be in a good trend or what does matter for you?
Everyday better.
  • #24
  • Jun 9, 2017 1:38am Jun 9, 2017 1:38am
You should look for a significant engulfing, where the bar engulfs the previous 2 or more candles. Just a suggestion, but overall a good strategy.
  • #25
  • Jun 9, 2017 7:52am Jun 9, 2017 7:52am
Quoting dm.fx
You should look for a significant engulfing, where the bar engulfs the previous 2 or more candles. Just a suggestion, but overall a good strategy.
This filter would a be opportunity killer.
Thanks for your reply.
  • #26
  • Jun 9, 2017 8:10am Jun 9, 2017 8:10am
Quoting arlucad
How does a Cherry picked chart should look like? Should it be in a good trend or what does matter for you?
The one that the whole setup looks the best. Meaning the momentum swing is strong (20pips or higher in length or break way from sideways action) and then the PB is nicely visible in a V shape about 1/3 of PB and then clear bold engulf candle.
So lets say your trading the overlap time or early session when moves starts to happen then you get a few setups at the same time then you look to see which one fits the best description.

Watch some of the charts I have displayed. (post 17 both setup on g/u look sweet.. I live played the the bull trade)
  • #27
  • Jun 9, 2017 8:16am Jun 9, 2017 8:16am
This g/u setup was a good one to trade... with some patience and never into DD would have get you good amount of profit
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDproM1.png Size: 64 KB
  • #28
  • Edited 8:36am Jun 9, 2017 8:19am | Edited 8:36am
I would have trade this on a heart beat.. engulf looks solid
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYproM1.png Size: 63 KB
  • #29
  • Jun 11, 2017 4:40am Jun 11, 2017 4:40am
Quoting fx-Tycoon
This g/u setup was a good one to trade... with some patience and never into DD would have get you good amount of profit {image}
HI FX,

I see, you have H1 Candles highlighted on your M1 Chart, this is a very good idea, there is a lot of information contained within each H1 Candle especially on a Break of a High or Low.

I like to use a Grid also so I can easily reference where I am within the Market especially around Whole and Half Numbers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11th June 17 GBP:USD H1 Observations.png Size: 105 KB
Click to Enlarge Name: 11th June 17 GBP:USD M1 Observations.png Size: 138 KB
Click to Enlarge Name: 11th June 17 AUD:JPY H1 Observations.png Size: 117 KB
Click to Enlarge Name: 11th June 17 AUD:JPY M1 Observations.png Size: 141 KB
  • #30
  • Jun 11, 2017 11:03pm Jun 11, 2017 11:03pm
Quoting stevepatt
{quote} HI FX, I see, you have H1 Candles highlighted on your M1 Chart, this is a very good idea, there is a lot of information contained within each H1 Candle especially on a Break of a High or Low. I like to use a Grid also so I can easily reference where I am within the Market especially around Whole and Half Numbers. {image} {image} {image} {image}
Hi Steve.. Yes I like the to know the fx flow as well as the daily candle... it all helps me to pick the best scalp trade by saving the hassle of falling into a against trend trades.
Thanks for your post.
  • #31
  • Jun 12, 2017 1:36am Jun 12, 2017 1:36am
Hi fx-Tycoon
Can you share your template and indicators? Thx in advance!
  • #32
  • Jun 12, 2017 4:46pm Jun 12, 2017 4:46pm
Quoting FXmongoose
Hi fx-Tycoon Can you share your template and indicators? Thx in advance!
Check my 45combo thread and all the indies are on the 1st pg.
  • #33
  • Edited 10:11am Jun 14, 2017 10:00am | Edited 10:11am
I took this e/j trade earlier.. strong looking setup at trigger time.
as you see it shoot down nicely for 35+ already.. but what I want to point out is that I intend to keep this one because it lines up nicely with daily chart (fcvr thread daily system) which is due for a drop based on my analysis.
This would be the kinda scalp I look to make more than usual inn order to bank big pips/profit as a reserve for my If and when larger losses.. I always try to be ahead of the game in that department.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproM1.png Size: 69 KB
  • #34
  • Last Post: Edited 4:15am Jun 16, 2017 3:52am | Edited 4:15am
THX
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