60MM's explanation is absolutely in this thread. Read his posts, you won't be sorry.

H4 Power

Steve, I think you have the gist of it pretty well. Finish reading the thread (at the very least, read all of 60mm's posts). Then also read the Weekly/H4 Trending thread (also from 60mm). Those two should solidify this method of trading for you. ...

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I haven't posted in a while, despite my continuing success with this method of trading. Here is a recent EURCAD trade that took 2 days to gain me 170 pips - I know I could've gotten more, but I have 2 thoughts on this: 1 - hindsight is 20/20 2 - ...

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Absolutely! I have learned so much from 60mm's threads. I can't say Thank You to him enough times. Nevertheless, THANKS 60!!

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EJ +200 pips - the horizontal line is the identified S/R from the weekly chart. Once price dropped close to this line, I looked for an m5 or m15 engulf back in the direction of the weekly move... image

Simple, Non-subjective, Consistent, Effective

EJ +200 pips - the horizontal line is the identified S/R from the weekly chart. Once price dropped close to this line, I looked for an m5 or m15 engulf back in the direction of the weekly move... image

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UJ - 100+ pips this week; entered trade on Monday, exited this morning. I am loving what I have learned in this thread... image

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Does anyone know of an alert that can make a sound and place an arrow on the charts when a candle's body (not the wicks) engulfs an opposite previous candle? I know of at least 1 alert that does this for outside bars (also considered engulfing ...

Simple, Non-subjective, Consistent, Effective

Nasko, When you use the touch trade method, how do you set your SLs? That's been the major hurdle for me with trying that. Bry

Simple, Non-subjective, Consistent, Effective

Nasko, Lately price has been so predictable at weekly S/R that I have been tempted to enter pending order touch trades at those levels. I haven't been brave enough to try it yet, though. Have you heard of or considered such a method?

Simple, Non-subjective, Consistent, Effective

This method, combined with S/R levels, is powerful stuff! Bry

Simple, Non-subjective, Consistent, Effective

Hey Nasko, It's good to to see you posting here again. I am still using this method, but I usually combine this with the weekly outlook to determine potentially entry areas (where I will look to engulfing signals). This week I finished with 200 pips ...

Simple, Non-subjective, Consistent, Effective

Hey Nasko, It's good to to see you posting here again. I rode the EURAUD up for 120 pips earlier this week...

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Based on a Weekly engulfing candle, I entered the EJ with a h4/m15 entry and a 12-pip SL, exited with 103 pips - I could've gotten +150 pips but I chickened out, haha. NOT complaining at all tho. image I have to get better at 2 things: 1 - having ...

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2 great trades (for me) for the week - after a couple of small stop-outs, I entered a trade that went 70 pips in my favor, then reversed and hit my -22 SL. But here are 2 trades that worked out very well and closed earlier this morning... AU Short, ...

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Thanks Ukanimk - I will try this out! Bry

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Hello all, 60MM's definition of an engulfing candle is a candle whose open & close engulfs a previous candle's open & close; does anyone know of an indicator that can alert when an engulf happens?

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Hello all, I haven't been on this thread for a long time, but it's tenets have stayed with me all the way. I was wondering if any of the awesome traders here could point or link me to an indicator that can alert me when a candle's open & close ...

james16 Chart Thread

I had a 75-pip trade turn around and get stopped out yesterday (EURCAD). I appreciate the thought behind letting trades run for the big wins, but it takes some time to get a mindset where what happened to me stops bothering me, haha. I would much ...

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I got the same IBFX notice and have been searching to find a new broker - any comments or experiences with FXDD? Oanda?

FXCM MT4 Good/Bad vs IBFX?