thx for marking on chart.
but I was asking where i marked with yellow font A& B. Where should be the entry as there is no engilfing pattern there.
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DislikedIs this correct setup? i took the images from netdania since my broker USDCAD chart is not showing engulfing pattern. Thanks {image}Ignored
Disliked{quote} Hi thx for marking on chart. but I was asking where i marked with yellow font A& B. Where should be the entry as there is no engulfing pattern there.Ignored
DislikedLooks like it's a simple system to build an EA upon. I will try to work on it.Ignored
DislikedYes it's very simple and effective. Especially when used with other confluence indications like you mentioned.Ignored
Disliked{quote} You are trying to reinvent the wheel,have a look at this thread "Daily Chart 3-Candle" started by "simoneg". You will find much better charts and an easily understood explanation of the method.Ignored
DislikedHere is an example of how I am using the daily candle overlay on a 1hr chart to enter with engulfing candles. {image}Ignored
Disliked{quote} Do engulfing candles offer a better expectancy over inside bars?Ignored
Disliked{quote} Too Slow..are you referring to my last chart? If so you wouldn't know it was going to be a daily inside bar at the start of the day. All you would know is that the directional basis is long as the day before closed higher. On any chart time frame inside bars can be good but an engulfing bar is typically a better and a easier directional signal.Ignored