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    • 60minuteman replied Jan 9, 2014

      2. why do we say a close but no engulf will only be safe to it's own timeframe SR? Look at this h4 example, price closed down but no engulf, so we would say it is safe to short only to it's own timeframe. Unlike the engulf example above If there is ...

      H4 Power
    • 60minuteman replied Jan 9, 2014

      why h4power works.. 1. Here's a H4 engulf we look for the engulf to signal the start of a new trend image 2. Then we look to enter on m15 image The H4 engulf is the footprint left on the market by large orders, this is our edge. As retail ...

      H4 Power
    • 60minuteman replied Jan 8, 2014

      Just want to do an update on money management and exits... I'm not looking for a high win rate here, I'm not trying to reduce losses, move to break even or increase the win rate. I am looking for the 1 or sometimes 2 days a week where price trends ...

      H4 Power
    • 60minuteman replied Jan 8, 2014

      gu context first from higher tf weekly trend is still long, retrace bar last week, so expecting short to weekly sr before continuing long image PRICE STALLED ON WEEKLY SR, TODAY H4 TURNED AND ENGULFED LONG image ENTRY 1 ON M15 STOPPED OUT, BUT ...

      H4 Power
    • 60minuteman replied Jan 8, 2014

      ej h4 engulf off weekly sr image ej weekly chart we have rejected off this weekly sr, last weeks close down suggests just a move to a weekly sr below, we have tapped one already but the lack of buying pressure hints we may need to go a bit lower, ...

      H4 Power
    • 60minuteman replied Jan 7, 2014

      yes, we are looking for some way of defining when the flow from short has switched to long and vice versa. We use an engulf but what is really happening is a change in the pattern of swings on the lower timeframes.

      H4 Power
    • 60minuteman replied Jan 7, 2014

      Hi Pat.... EU is a wait for more info scenario. Monthly engulfed long and was trending long. image Weekly engulfed short last week and hit a monthly SR.... here were looking for lower timeframe price action to hint the monthly trend long would ...

      H4 Power
    • 60minuteman replied Jan 6, 2014

      excellent stuff Vantage, I have found a few un-expected advantages of holding trades longer, you not only get the bigger RR trades but you also get stacks of orders when a powerful trend takes place, just having 3 positions in the market can really ...

      Higher low, lower high system
    • 60minuteman replied Jan 6, 2014

      if you use moving to b.e at 1/1 that's just 'fear' trading.... if I moved this trade to break even now I might as well quit trading and just pay spread to my broker until my account is all gone. Big R/R makes profit, not avoiding losers. image

      H4 Power