thanks for the video, 60. I have a question: I've always been confused about where the Daily candle fits in when reading likely movement and determining potential trades. Identifying likely direction and S/R on the Weekly and again on the H4 for ...

H4 Power

True - I have been thinking along similar lines. You're rubbing off on me, 60M! 😄

H4 Power

thanks 60 - I believe I understand the concept; and I would love to hold trades for maximum gains, but it's difficult since the number of trades I can take simultaneously are hindered by margin rules in the US. And sometimes another engulf happens ...

H4 Power

60M, So are you now favoring/preferring to trade Daily engulfs rather than H4 engulfs?

H4 Power

I hate when this happens - I was already in the AU on a prior h4 engulf. Did this catch anyone else? image

H4 Power

60-- So are you not trading the H4 engulfs anymore? Am I right that this H1 method may offer more entries but smaller gains since you are targeting closer s/r compared to the H4 Power method?

H4 Power

OP!!! THREADFATHER, you have returned to us! Awesome!

H4 Power

Haha - thanks Pannet!

H4 Power

AudUsd gave me 90 pips overnight. Today begun with an engulfing pin; I entered with a pending order to break above it and exited when I awoke this morning with 90 pips. The Weekly chart says there may be more upside in store for the AudUsd - I will ...

H4 Power

Does anyone have an alert or know how to code an alert for engulfing candles that only involve the candle bodies? I don't need the engulfing candle to engulf the previous candle's wicks, just the body. Thanks, Bry

james16 Chart Thread

Does anyone have or know how to code an alert for the types of engulfs discussed in this thread? I have seen alerts for outside bars (engulfs that include the tails of the candles), but I'm seeking an alert for engulfs that involve candle bodies ...

H4 Power

AudCad - up 81 pips before it reversed on me to BE... image

H4 Power

Pannet, It was against the weekly trend, but I was playing it off of the h4 engulf that occurred before my entry - remember I am still trying to decide if I should trade solely from the h4 or if I should keep the weekly in mind and only trade in its ...

H4 Power

I lost 70 pips on the EA this week - any thoughts on what I did wrong here are welcome. I fully accept that I can't win 100% of the time, though. Actually, I'm up 45 pips on an AudCad trade right now... image

H4 Power

True Pannet, but I think he might have added a stack trade at the same engulf I entered on. I do wish I had entered on that first engulf - but I missed it.

H4 Power

Hi Pannet, I don't know about needing great gut to take that trade, but like 60MM said, it's all about participation. The weekly and h4 charts both looked good at the time I set my pending order. I'm just glad it worked out...

H4 Power

Ok - well, here is my gbpusd trade this week that netted me 118 pips per lot. I'm torn between taking all h4 engulfs or only the ones that agree with the most recent Weekly engulf... image

H4 Power

WISH ME LUCK!

H4 Power

To anyone who is still visiting this thread, I am planning to begin sharing my trades and thoughts on what I see in the charts using this method of trading... While I have read this thread multiple times and other related threads by 60minuteman, I ...

H4 Power

To anyone who is still visiting this thread, I am planning to begin sharing my trades and thoughts on what I see in the charts using this method of trading... While I have read this thread multiple times and also related threads by 60minuteman, I ...

Simple, Non-subjective, Consistent, Effective