how many pairs do you track 60MM?
- | Membership Revoked | Joined May 2011 | 2,976 Posts
Gentlemen always play by the rules. If they can't, they change the rules.
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DislikedHi Whatfx, nice to see you again... 1. Yes I do still trade buy sell line. Thats the good ol' 50sma on my chart... love it! 2. An engulfing bar just needs to engulf the previous open and close, If the high and low are engulfed we call that an outside bar. 3. Yes prior to the outside bar there was an inside bar set up to go short, but price never traded below the low to take the trade... For inside bar trades i am looking for the breakout. 4. Yes, thats why i circled 3 bars there was a short engulf trade which failed followed by a long engulf that...Ignored
Dislikedyes, you are correct. your stop is always at the opposite of the signal candle ? but what if the signal candle is too short ? do you trail your TP ?Ignored
DislikedNEVER TRADED 2 BAR ENGULF BEFORE. IS THAT NOT LEAST EFFECTIVE AS 1 BAR ENGULF AND MORE RISKY ? THE FOURTH CIRCLE ON THE FIRST CHART. I WOULD NOT HAVE TAKEN THAT AS AN ENGULFING BAR BECAUSE THE PREVIOUS BAR HARDLY ANY BODY. WHAT IS THE MINIMUM BODY REQUIREMENT ?Ignored
DislikedClosing above and below s/r is the important part, not a perfect looking candle pattern {image}Ignored
Dislikedwhere are your support and resistance on this chart that you mention ? i appreciate that price must close above / below the previous open, but surely engulf bar, inside/outside bars still matter ?Ignored
DislikedThis is excellent, the talented traders who are posting PA strategies always seem to be referring to engulfings. I enjoy the whose in control perspective you are giving.Ignored
DislikedIf they did some research they would know you have posted screenshots of it before. Will follow, youre previous posts I have tracked show to me an authentic person and someone who really wants to provide a strong market grasp.Ignored
Dislikedahhh the old ignore list is filling up nicely.... so far I am just showing how I read h4 price action to determine likely direction.. how to take profitable entries and exits based off that hasnt been covered. This is just basic dow trend theory but looked at from a slightly different perspective that to me is easier to read.Ignored
DislikedI am looking for a change in control, I want to see the pattern of open and closes switch. Here's a h4 chart with just the opens and closes, see what always happens when direction changes with regards the pattern opens and closes are making...... A pin bar doesn't give you that information, it is just confirming the existence of s/r at a price.Ignored
DislikedWell... Imagine a pinbar on the top of an upwards move that closes below its open. On a lower timeframe, it would be that same engulf pattern, either across two or more bars - the price goes up, then goes back and ultimately closes below the starting point. So it is essentially the same price action.Ignored
Dislikedthanks for replying to my questions. do you trade inside/outside bars, engulf bars in a particular way, and are your entries based on the high lows of the signal bar or the open or close ? the thread would have been better suited in the trading discussions forum, as it is not really a 'method' but rather discussions on price action. not sure why it got moved to here... also, you may want to ban those who are on your ignore list. no need for cowboys to cause trouble here.Ignored