were getting off topic now and really should continue this in a seperate thread (but i cant start one) i didnt trade this but it was a valid trade on ECHF daily thursday gave a valid FB, the 4hr comfirmed with an FB too, then on the 1hr you can see ...

Engulfing bars

the only filter i use is the higher tf, what you get with a daily or 4hr tf is the possibility of a major reversal, so if we find an FB on the daily tf we know we could be at the start of a 100 - 1000 pip move, that signal short is valid until price ...

Engulfing bars

cool fusion, thats a tasty win, also noticed from your chart that the engulfing broke the support that was holding price up for over a week...

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exactly, one of the best threads on here for sure...! ok this is a real example of an eu short at the end of friday, we had multiple flying buddahs on 4hr 1hr tf, so i dropped to 5m chart knowing im looking for possible momentum move short heres ...

Engulfing bars

ok third pattern is called a 'flying buddah'... (can i just say, none of these are my ideas, they come from great traders, far better than me... but i will say that i have tested them extensively and they work..) This pattern has a low win rate, ...

Engulfing bars

the important bit with kagaroo tails is that the body of the set up candle must be within the high and low of the previous candle... what you are in fact ensuring is that the close price of the kangaroo tail is below the close of the previous ...

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I closed the week +8% about average, slightly above... that was trading engulfing and kangaroo tails, and the final pattern i trade that i haven't posted about it here yet because i didnt want to get away from the thread starters topic...

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GU trade today... nothing great but some easy pips to TP1 image

Engulfing bars

i just wanted to post an example of another pattern i trade that is highly reliable on the 4hr and daily tf. its called a kangaroo tail.. here's the rules 1. the body must be in the lower third of the candle 2. it must be at a level of s/r 3. the ...

Engulfing bars

I want to point out that in no way am I proposing anyone should consider taking the training course, i just thought it was an interesting webinar on the engulfing pattern... dont really think its fair to call it bogus either, unless someone has ...

Engulfing bars

yeah all valid reasons to be cautious, i am a bit gung ho with my trading, another one of my flaws... more than anything it was the reaction of price last time it was at this level that gave me the get go to trade it...

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GCHF 4HR.. this was countertrend and only a tiny engulfing candle, but location and the pin bar was the real trigger... also GBP news was good... high probability trade image

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yes 4hr

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anyone for real easy pips? image

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if it doesnt trigger next bar you cancel the order, the idea is to get in on a sustained momentum move. You should trade these with buy stops and sell stops so (depending on your broker) you should be entered at the price you set.

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nice post hidden gap not just what, but where too....

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Got tp2 73 pips.... closed image

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possible EJ short, below the 50sma and broke support Never triggered on next bar cancelled the order....... image

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I know this is breaking the 50 sma rule, but like i said, sometimes i will take a countertrend trade.... but i will be more cautious with my stops.. image

Engulfing bars