NICE PETE, yeah these are the edges to get you into the market move, in the right direction, then some basic feel for s/r etc and you're set.

Buy sell line trading

GJ H1

Buy sell line trading

Hi Poll, I use 2 brokers Alpari UK and GKFX spread betting. H4 is great yes, captures a good chunk of market sentiment, I use H1 for London open or to get on strong moves if i miss the first entry. Asia can be a great time to lose pips, especially ...

Buy sell line trading

London open H1's are killing it today... need to stop trading the thin volume during asia...

Buy sell line trading

Hi Johntan thats all spot on... I would say its a bad time to be trading GU H1, very slow around now... the engulfing candle was 11 pips

Buy sell line trading

well spotted... amongst others yes...

Buy sell line trading

Don't forget to check the other edges/rules on post 1 chamane....

Buy sell line trading

nice steady pipping Renos... tricky day today too with a lot of consolidation and retrace.... news will move it tomorrow though for sure!!!

Buy sell line trading

New Steven Primo webinar that goes over the basic principles of the buy sell line and the engulfing pattern http://www.fxstreet.com/webinars/sessions/session.aspx?id=d8c93775-bbc0-4b11-bd32-66285277a886

Buy sell line trading

maybe dan, looks like its going back to the 107.00 area first

Buy sell line trading

Olu, just need to draw your attention to rule 3, think you might be missing it...

Buy sell line trading

looks high risk to me... s/r and proximity to sma50 would make me nervous.. not enough to say trend has turned up for me..

Buy sell line trading

Good example on AU H4 why the engulfing is just a signal and we MUST trade 1 pip +spread lower to enter...

Buy sell line trading

was expecting a day like this, NFP, greek bond swap decision looming and big moves yesterday... Friday might be interesting???? So just took the 1 trade today, wanted to keep maximum risk to 3%... seems like a smart idea, especially considering my ...

Buy sell line trading

Yeah tends to be how I trade now, will take quite a few small wins/ break evens, but were trend traders, when you get the runners hit then you make 5-6% in a trade.

Buy sell line trading

EU H1 nice spike and reject from the high followed by engulfing short. Removed risk when we tested previous swing low and red news. Currently at 1/1 and deciding weither to move stops to break even, take profit or just partial... in two minds ...

Buy sell line trading

Nice Seabreeze, similar thought process that I would of gone through...

Buy sell line trading

Something I will look for is how the first candle of entry closes. If i have a valid short signal on H4 and the next H4 gives me an entry and then closes bullish I will often close for a small loss rather than run to SL. Here is an example on EA H1, ...

Buy sell line trading

Thanks sea breeze, I run my own business too, hence trading mainly H4, I only need to check the charts every four hours and that works for me

Buy sell line trading

image Ok forget the sales blurb on this, beyond that its pretty insightful, I know I have been on this road. This is obvious stuff for the more experienced on here but might be useful for the newer traders... When you find a method that you like ...

Buy sell line trading