For those who trade engulfing bars.
The first bar is pretty ideal. It has the most potential for movement and it is at the beginning of a potential swing to ensure a safe stop once the price is moving.
But if you still look for signals as in the second engulfing bar, how successful are you? With this second engulfing bar I assume the stop to be placed behind the candle.
The first bar is pretty ideal. It has the most potential for movement and it is at the beginning of a potential swing to ensure a safe stop once the price is moving.
But if you still look for signals as in the second engulfing bar, how successful are you? With this second engulfing bar I assume the stop to be placed behind the candle.
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