Hi Chienung, That blue line is the 50sma on the close. As far as how I executed this trade, since the Weekly move is downward, and the H4 trend is clearly down (per the 50 sma and price action), I waited for price to begin a fresh downward move on ...

H4 Power

FINALLY SUCCESS!! I kept the faith and kept "participating"... 140+ pips and could've been more, but I'm not complaining - SL was less than 20 pips. TP was at SR. image

H4 Power

I thought I was good to go on the EURCAD - I got spiked out and THEN the expected downmove happened. The setup was so perfect, too... image

H4 Power

Sorry, I meant is H4 Power your your primary method currently? I know they're related, but the Weekly/H4 Trend thread is more about holding for larger RR... Bry

H4 Power

Thanks 60M, you're right - Obviously... Hey, do you still trade the method you describe in your Weekly/H4 trend thread, or is H4 your primary method currently? Bry

H4 Power

I learned a lesson about participation and anticipation this week. I was expecting the gbpcad to turn Long as it reached a weekly SR, so when a h4 engulf short happened, I wasn't prepared. Wow - I missed +200 pips...

H4 Power

Hey 60MM, I hope all has been well. I recently read thru your weekly/h4 trend trading thread - I can see using a hybrid of the 2 methods. I can't thank you enough for sharing your ideas with us all. I am looking forward to gaining more proficiency ...

H4 Power

I very much appreciate your time here Mike. Thanks for sharing - I will take it all to heart. Simplest is best.

H4 Power

That makes sense; it should be obvious to start by identifying trending pairs , but as you quoted 60M earlier, 'It's very hard to maintain a grasp of the obvious at all times'... So, if you start with the monthly chart and see no trend in place, do ...

H4 Power

Thanks for your input, Mike. So are you mainly trading this method as D1/H1 versus the W1/H4?

H4 Power

Thanks 60MM, I will keep that in mind - the frustration really happens for me when I choose a pair based on SR and an engulf, but out of multiple such pairs, I seem to pick the wrong one to trade, or I enter the trade at the wrong time... Nobody's ...

H4 Power

I thought I spotted a weekly engulf long on the AU - the h4 then engulfed long also. I entered, and the AU dropped today. Thank you CPI...

H4 Power

The funny thing about this method for me is that I can spot engulfs easy enough - and I have had some success identifying potential monthly and/or weekly SR, but I always seem to choose the pair or pairs that don't follow thru as desired. And the ...

H4 Power

Thanks Totty - my mistake there... Hey 60MM, are your videos still accessible somehow? They used to be in this thread, but not anymore. They were extremely educational. Thanks again, Bry

H4 Power

Great - thanks. I'll keep that in mind... By the way, are your videos that used to be in this thread still accessible somehow? Bry

H4 Power

Ok - so on the Brent chart, your next SR level to focus on (if price continues down thru the levels you've drawn) would be 1.6544 - which is not only the open&close of two candles, but is also the low of another candle, right?

H4 Power

Hey 60, welcome back! Question: on your Brent Monthly, why are your support levels not at the lows of prior candles? It looks like you chose opens/closes instead. Bry

H4 Power

Enjoy your holiday! Next week will be my turn.

H4 Power

Thanks 60 - it's good to know that I'm on the right track...

H4 Power

Ok - let's see how accurate my chart reading is. Hopefully, 60MM is still checking this thread (his baby) periodically and will critique it... I am seeing the following as possible for this week: AUDNZD ... Bounced from a resistance level last week, ...

H4 Power