got a valid EU h4 set up, will take an m15 trade long if I get one..

H4 Power

on M15 i use a breakout 1 or 2 pips below the low with stops a pip or 2 above the high (you can put the stop over the H4 bar too, its a matter of choice, can't say for sure which is best.)

H4 Power

well by definition they are, but what are we trying to do here? we're trying to spot when big orders come in and change direction, then we're just gonna following them and hopefully make money. So clearly they not screaming long/short, they look ...

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yep Euro looking sweet...another 90 minutes for my h4 close, gonna take a walk and come back and look for an entry

H4 Power

For inside candles I do not go to the lower tf, I want to be 100% with the trend, it's the entry I use the least.

H4 Power

excellent, glad you asked that because it means you've been studying charts and realized that it happens a lot of times, Usually I will close the first position and enter with the new engulf, obviously trend needs to be taken into account, and s/r, ...

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EU finding some support at the first weekly s/r line... watching H4 for a long opportunity..

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yeah, people instinctively know it's simple things that will eventually work for them, they just need to break a few mental barriers to get there...

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Hi Prof8t, Yes I will mark those s/r lines better, I will do a post how to plot them too. The price action is correct on both the charts, but obviously the m15 I would want to be using to time an entry in line with H4 only. One other thing, the ...

H4 Power

EJ has another 50 down to the next weekly line, but in light of the uptrend and BOJ chatting soon, I feel good about taking profit, just under 4R

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EJ Weekly S/R TP hit +94.. nice start to the week EDIT... so busy posting it for you, slipped on down for +102...lol...

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Hi Gumrai.. The m15 set up had already happened so I was already in the trade BEFORE the h4 closed against me. When the h4 closed I then had an option to bail for break even, I decided in this instance to stick with my trade. (I should mention too, ...

H4 Power

H4 M15 combo on EJ +49, considered exiting when the h4 closed against me, but was feeling worth the hold, looks like right decision Daily s/r targets = red lines

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wow... gold absolutely bombing

H4 Power

nice, good luck to you then.. the real key is a rigid approach over a number of trades,if you can stick to something for 50 trades you will have a real understanding of whats working and whats not.

H4 Power

yeah im expecting a counter move long, to the s/r lines I have marked, then sell the living crap out of it..!

H4 Power

not a big fan of talking about data anymore, because a simple system will give such a broad range of results for every trader. All I would say is I expect to be in profit at the end of the week, and I have never seen any reason why I should not be ...

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yeah It seems a lot of seasoned traders end up down the tp or sl only solution... I guess if your risk model adds up then why not take yourself out of the equation, I for one make more bad decisions than my plan does

Ramblings of a Forex Junkie

I have always maintained that exits are harder technically and psychologically to get right, and they are more important... but I know this is a touchy subject and the two sides have equally logical reasons for their opinion being the correct one.. ...

Ramblings of a Forex Junkie

Here's another EJ example from last week where things didnt work out as nicely (just to be clear that it;s not gonna be all one way traffic INTO your trading account... there are losses for you to savour too) First chart H4, second chart M15 ...

H4 Power