I've been backtesting this system on EU...
Waiting for a candlestick confirmation after the daily low (I prefer not to take short opportunities since we're in an uptrend) I get 100 % profitable trades. Overwhelmingly, each one is a winner (only EU trades - remember that other pairs should be backtested before entering trades on them)!
I only trade bullish engulfing candles because it shows me that buyers step in to take price higher from the daily low...
Not every day theres an opportunity, but I seriously think about trading this system live =)
Waiting for a candlestick confirmation after the daily low (I prefer not to take short opportunities since we're in an uptrend) I get 100 % profitable trades. Overwhelmingly, each one is a winner (only EU trades - remember that other pairs should be backtested before entering trades on them)!
I only trade bullish engulfing candles because it shows me that buyers step in to take price higher from the daily low...
Not every day theres an opportunity, but I seriously think about trading this system live =)