Hi FXCyborg,
In the trading rules you posted, one of the rules says:
"Please identify TWO BULL BARS then a BEAR bar for a SELL setup, the BEAR Bar's BODY, MUST engulf the 2nd BULL Bars Body. Once you have, do the following:"
I noticed that on many of the of the charts you post showing the 3 bar trade entries, the Bear's body does not engulf the 2nd Bull Bars Body.
Could you please offer some explanation for this? I just would like to fully understand the correct way to read that 3rd bar in order to know what is truly a valid set up.
Thanks.
In the trading rules you posted, one of the rules says:
"Please identify TWO BULL BARS then a BEAR bar for a SELL setup, the BEAR Bar's BODY, MUST engulf the 2nd BULL Bars Body. Once you have, do the following:"
I noticed that on many of the of the charts you post showing the 3 bar trade entries, the Bear's body does not engulf the 2nd Bull Bars Body.
Could you please offer some explanation for this? I just would like to fully understand the correct way to read that 3rd bar in order to know what is truly a valid set up.
Thanks.
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