Looks good so far, but must wait — Hi Prowealth: The area of bounce looks good in my opinion but you must wait for correct candle formation. This will happen in another 4 hours. I am sure that you will get more experienced opinion soon.

A,B,C,D - 1,2,3,4 System

Thanks D — Hi D: Thanks for the pointers. Reviewing the chart, I realized that the T/L in question was one that was left over from my practicing days. I forgot to remove it and never took another look at it. Thanks to everyone for their great ...

A,B,C,D - 1,2,3,4 System

Thanks Soya — Hi Soya: Yes, I did mean BULLISH engulfing. I just mentioned to Hoedha about T/Ls crossing candles and I did the same thing. I had better listen to my own advice. Thanks for catching that. You did answer my question. I just ...

A,B,C,D - 1,2,3,4 System

Sorry about your laptop. — Hey Hoedha: Well, i guess there is nothing wrong with taking a nice break; even if you do not want it. Hopefully your laptop will be ready very quickly. Your attitude about having a losing trade is a great example ...

A,B,C,D - 1,2,3,4 System

Please give your opinion — Here is a 4 hours chart for EUR/JPY, the green arrow points to the candle in question. Is this a possible bearish engulfing candle? If it is, then we should place a long trade on this pair right? The T/L being ...

A,B,C,D - 1,2,3,4 System

Thanks Hoedha — Hey Hoedha: Mike confirmed what I was thinking about T/Ls being interrupted by candles. They should not. Thanks Mike for the clarification. Thanks again for the post Hoedha.

A,B,C,D - 1,2,3,4 System

Your daily T/L — Hi Hoedha: I have been over my NZD/USD daily chart a few times and I am unable to see how the daily TL you wrote about came about. Will you please post a copy of your daily chart for NZD/USD so that I can see what I am ...

A,B,C,D - 1,2,3,4 System

Aha !! — Hey Soyabean: Thank you so much for the clarification. Thanks for the quick response.

A,B,C,D - 1,2,3,4 System

Size of trailing stop — Hi Soyabean: Regarding the statement about protective stops should also be used as trailing stops, are you saying the following: If protective stop is 200 pips, then would trailing stop be 200 pips? How many pips in ...

A,B,C,D - 1,2,3,4 System

Progress is being made !! — Hello D: Thanks for posting the chart of GU. I feel great because I had come to that same conclusion about the pair and so decided to leave it alone to sort itself out. It is just good to see that my charts are ...

A,B,C,D - 1,2,3,4 System

Congratualtions to everyone — Hi Everyone: Just adding my congratulations to everyone in this thread, but especially to all those with the fantastic results this week. Thanks again for posting the charts with explanations so that us new guys ...

A,B,C,D - 1,2,3,4 System

Please post your chart — Hi Tex123: Thanks for posting information on the trade that you took. Will you please post your chart. I keep looking at my chart and do not see anything that you mentioned. What timeframe are you talking about? I just ...

A,B,C,D - 1,2,3,4 System

Hi Hoedha: I have been focusing only on the 4 hrs timeframe for the first week of live trading just so that I can consistently do the same thing. Now I know that I had better start looking at the higher timeframes. I will probably only go as high as ...

A,B,C,D - 1,2,3,4 System

I'm getting the bgger picture!! — Thanks Soyabean: Your explanation definitely drove the very important point home, "ALWAYS KEEP THE PICTURE IN MIND". Everything went fine with the trade because I set my target at the s/r level at 1.2740 after ...

A,B,C,D - 1,2,3,4 System

thanks Mike — Hi Mike: I have been so focused on making sure that I draw the trendlines correctly and then making sure that I read the candle formation accurately, I totally forgot about drawing the fib to get the target take profit target. ...

A,B,C,D - 1,2,3,4 System

Will do sir !! — Hi Soyabean: Thanks for the great advice on taking profits early. I was wondering about how money is managed for this system. I notice that no trailing stop is used, which is nice. You seem to close 1/3 of your positions once ...

A,B,C,D - 1,2,3,4 System

Great work Soyabean — Hi Soyabean: It is good to see how much patience is exercised on each of these trades that have been placed. It is impressive to watch the trades unfold after some wait.. It displays your conviction in the system. ...

A,B,C,D - 1,2,3,4 System

USD/CAD 4 hrs trade — Hi Everyone: I did not get a chance to post this earlier becasue my mornings are normally hectic with the family schedule. This trade was taken based on the following: 1. It was along with the bigger trend- LONG. 2. There ...

A,B,C,D - 1,2,3,4 System

Quite an eye opener. — Hi Mike: Thanks for posting the chart and providing the detailed explanation. I have printed it out and will be studying it for a while. Is there any particular reason why the 61.8 and 38.2 fIb convergence is considered ...

A,B,C,D - 1,2,3,4 System

It sure looks like one to me !! — Hey Pkimnyc: Your chart sure shows a beautiful bearish engulfing pattern to me. On my feed it does not show anything near a bearish engulfing pattern, but different brokers have different feeds, so, as I have ...

A,B,C,D - 1,2,3,4 System