Thanx a lot for the explain ArthurVR:)
To win 75% of the trades seems a bit difficult so I have decide that 1:1 ratio is the minimum for me.
Love this thread!
Hi Daniel,
When you say a R:R I’m assuming that what you [I]meant[/I] is that if your stop was say 20 pips you are aiming to have a winning trade of 60 pips? If that is the case you are on the right track.
If as Arthur points out you are willing to run a 60 pip stop to have a winning trade of only 20 pips then yes you might want to rethink your strategy.
It is easy to mix the 2 up.
Hi bhops
Yes I ment that in My tradingrules the minimum Will be 1:1 ratio.
If stop is 60pip the TP should be at least 60 pip to.
Hi again!
Anyone follow USDCHF H4 and EURJPY H4 right now?
Looks like possible trades?
Engulfing bar in the right direction
Any reflections?
//Daniel
[QUOTE=“Danielvs;622747”]Hi again! Anyone follow USDCHF H4 and EURJPY H4 right now? Looks like possible trades? Engulfing bar in the right direction Any reflections? //Daniel[/QUOTE]
I do not see anything on neither of the charts. Could you elaborate with graphs. Cheers
Hi Danielvs,
I am not sure if you are looking for a long trade here or short. Regardles there seem to be no engulfing bar whatsoever on usd/chf. That said there was a neat 8h bueb on eur/usd that would have been a good choice to trade.
Best
It was this bar I talking about, clearify, isnt this an engulf?
I think going long here but it isnt closed yet so I wait and see
If it closes as it is it would be an engulfing bar in theory but not in symmetry. To elaborate futher on this take a look at these links below;
This is a link to a post where ‘pipsahoy’ posted an engulfing bar very similar to yours, please read the couple of posts after it as it gets explained in more detail by peeps why it looks more like an indecision candle: Post about EB
This post is by johnathon himself and puts a rather quantitative method on the table how to gauge the proportion of a good looking EB: Johno’s Post
That should do.
Best
Yes it engulfs but look at the close of the wick (if it closed like that) would be rubbish. This is not really occurring at a decent pullback either. There is not much to like about this trade I am afraid.
Hi Danielvs,
engulfing bar is one of signal to enter the trade, but its not means we trade all of engulfing bar, the is no clear momentum of this bar on your chart, also the bars was stacked in trafic on the left, no room to move, aslo this bar have strong reject at resistance 0.8850, i my self, never trade such as this bar.
I have the exact same levels marked. I am hoping something decent occurs on the USD/SGD I have enjoyed trading that pair in the past.
Oki thanks for your answers, helps a lot 
Sell stop on USDSGD based on 2 bar reversal on H4.
Move to BE at FTA 1.254
TP1: 1.2510 TP2: 1.2460
Sell stop on USDSGD based on 2 bar reversal on H4.
Move to BE at FTA 1.254
TP1: 1.2510 TP2: 1.2460
10 pip to be ?? I like to move to BE buy 10 pip is nothing , also count spread too .
I won’t move to be , I will shorter my stop but I won’t move to BE
[quote=“abc2005,post:18810,topic:41718”]
Any thought how to shorter the stop on this pair? still learning here. thanks
[quote=“abc2005,post:18810,topic:41718”]
Any thought how to shorter the stop on this pair? still learning here. thanks…
