''EU #1 was triggered and stoped out. '' - the candle your arrow is pointing at is reversal candle not an engulf. so why would you enter long there ? your long entry would have been a few candles back. ''Engulf happened in both pairs @ #2. Orders ...

H4 Power

here are the charts for GBPUSD. i have highlighted the h4 and h1 bars with the red vertical line. as you can see both red engulfing bars. but a sell trade did not work out. what went wrong ?

H4 Power

on GBPUSD. the last 4hr bar was an engulf bearish. the last 1hr bar was also an engulf bearish. so why didnt a sell trade work out ? is it still a sell in your opinion ? comments please.

H4 Power

nothing to debate. if macd is green then its buy, if its red its sell. just look at the colour of the macd bars. nothing else, no slope. i have 3 pairs open at the moment. eur/aud long -= profit usd/jpy long = opened last night. currently in profit ...

Third Screen Strategy - Dr. Alexander Elder

Ok.looks like iam the only one posting at the moment. I see the following trades: All x/jpy pairs are showing 'buy' nzdusd - 'buy' usdcad - 'buy' wait for 1hr williams eurnzd - 'buy' wait for 1hr williams eurusd and gbpusd - 'buy' does anyone agree ...

Third Screen Strategy - Dr. Alexander Elder

Yep, have taken half off eur/aud. Can always enter the other at a better position if not stopped out.

Third Screen Strategy - Dr. Alexander Elder

the above is just the way i trade. it doesnt mean you should do the same and deviate from the rules of the third screen strategy..... remember, the third screen strategy works well on its own. people have thier own styles and i have mine. some ...

Third Screen Strategy - Dr. Alexander Elder

check my post from earlier on, i stated the x/jpy pairs were due for a correction, to the downside. i stated also in one of my past posts that ultimately price action is king. if it is sooo obvious from price action that market will reverse on you, ...

Third Screen Strategy - Dr. Alexander Elder

nothing on eurusd yet. holding back, was gonna take long but good thing i didnt, price has fallen, daily going bearish.... could scalp on m15 on the long, but waiting.. as regards to third screen strategy eur/aud long doing good. can't see any other ...

Third Screen Strategy - Dr. Alexander Elder

not sure what to say about this one. The daily seems to be showing bears. Check the daily. Pinbar folowed by down candle. What is your criteria for entering on m15 ?

H4 Power

strange... My h4 closes in two minutes. Yours in 90 minutes ? Anyway news due now, will wait wait and see. Then decide.

H4 Power

are we seeing an engulf on h4 eurusd ? latest cnadle. is it time to go long ...

H4 Power

exactly geppy. you need to learn how to trust the system. play around with small amounts if you want. my eur/aud long was losing around -200 pips last week. opened a second position at 4hr support. got +75 out of the second position whilst the first ...

Third Screen Strategy - Dr. Alexander Elder

looks like this thread is rockin and rollin ! with trades being posted left right and centre. most popular thread in a short space of time !

H4 Power

thanks for replying to my questions. do you trade inside/outside bars, engulf bars in a particular way, and are your entries based on the high lows of the signal bar or the open or close ? the thread would have been better suited in the trading ...

H4 Power

where are your support and resistance on this chart that you mention ? i appreciate that price must close above / below the previous open, but surely engulf bar, inside/outside bars still matter ?

H4 Power

NEVER TRADED 2 BAR ENGULF BEFORE. IS THAT NOT LEAST EFFECTIVE AS 1 BAR ENGULF AND MORE RISKY ? THE FOURTH CIRCLE ON THE FIRST CHART. I WOULD NOT HAVE TAKEN THAT AS AN ENGULFING BAR BECAUSE THE PREVIOUS BAR HARDLY ANY BODY. WHAT IS THE MINIMUM BODY ...

H4 Power

yes, you are correct. your stop is always at the opposite of the signal candle ? but what if the signal candle is too short ? do you trail your TP ?

H4 Power

better to describe your revised strategy for the benefit of others. tony, i got 50 pips out of the london open on friday on eu using your strategy. as always entered in the direction of the first 1 min candle. this time there was no stop out early ...

Central Banks & Big Players

guppy going down. loading shorts.

Geppy's Geppy Thread (GBP/JPY)