There are 2 exits, 1 is equal to the length of the engulfing bar from wick to wick, this is the conservative trade.

Engulfing bars

ahhaaha i know exactly what you mean... ive been backtesting this for some time, the 4hr tf and daily have always seemed to be an impossible goal for me, im just too impatient... but im getting there and the thought of making money whilst im free to ...

Engulfing bars

hello again newark, or just pull up a chart and use your eyes, wouldnt take more than an hour or two

Engulfing bars

ECHF trade update, took half profits at +44 shotting for next support with the rest, not bad on a day like today image

Engulfing bars

spot on, thats exactly how i trade, although i will on occassion take trades against the 50sma, but they are more risky countertrend trades... Im very impatient and sometimes take set ups that are not perfect, thats my failing.... i look for some ...

Engulfing bars

ECHF 4hr short today, not a great engulfing , I like them a bit larger than that, but had over confluence, might be good for 60 pips.. image

Engulfing bars

no reason why you cant use it on the 1hr... demo it and see what your results are, only going long above a 50 sma and short below would help filter out losing trades but the whole point of the thread is to move tothe longer tf's... less spreads to ...

Engulfing bars

S&P500 been ranging, nice rejection off previous resistance and bearish engulfing, should be good for 80 pips... image

Engulfing bars

Here's a webinar worth watching if you like simple trading and consistent profits, url

Engulfing bars

GU set up this week, just some basic understanding of the market, s/r will get you some decent winners, yoou only really need 2 of these trades a week, and you will pay a lot lot less in spreads than chasing the pack down on the 15m chart.... of ...

Engulfing bars

Engulfing patterns work really well but you need to watch a few point, there are generally 2 types of set ups, a reversal and a trend continuation. Marking up the key s/r area on the next higher TF will help to give confluence to reversals and for ...

Engulfing bars

i trade something similar on daily and 4hr, if you use a 50sma and only go long above and short below you'll improve your win rate

Engulfing bars

Nice thread mate, i have traded systems similar before, wondered why you didnt use a close above the sma (for shorts) as your exit , seems youre using it for your entries... just a thought... anyhow , good repeatable stuff based on s/r

Flag trading the trend

nice chart bam bam!

No Brainer Trades

hey fella you were a little unlucky, you're doing everything right... i tried a long around there and got stopped out for 15.... but the mistake we made was that big significant low of the last swing down, that was clearly the level to watch, so i ...

No Brainer Trades

Alot of it comes through understanding the market and that will come with practice, so i will try and explain as best i can.... 1.- What tells you that you should not have gone short at the high peak between entry 1 and 2? Because it was the first ...

No Brainer Trades

heres some trades ive taken today/ this week, its been flat so ive been down on the 15m chart, usually i look on 1hr or above, but some good scalps here... the pin bars and all that are great, but its the levels that really matter image

No Brainer Trades

are you using trend at all and what pairs?

No Brainer Trades

well i love my s/r too, if i see price being rejected time and again im gonna get in on it...

Indicator Free Trading - Skunny

yep sure am J.r... picked a small loss at the 38, but got a nice entry at the 50, never reached my limit order, so filled manually image got GU too image and gold which exploded!!! image

Indicator Free Trading - Skunny