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- DanH replied Feb 11, 2019
Not for this trading system. Engulfing candle can should only engulf candle #2, not both.
- DanH replied Feb 11, 2019
image Can see trade setup just below the orange MA line.
- DanH replied Feb 11, 2019
Risky as candle #2 is around a third of the size of candle #1. Both the first and second candle need to be near enough the same size. There may be a setup on the lower TF's
- DanH replied Feb 11, 2019
I don't really see a setup there. The engulfing candle's main body must be bigger than candle #2's main body in order for it to qualify, and can't exceed candle #1's open. The wicks don't really matter, imagine they're not there for a moment! You ...
- DanH replied Feb 11, 2019
Yep, I've got the same one pending
- DanH replied Feb 11, 2019
image Consolidating around the accumulation zone a lot. May be a nice trade. AUDUSD M15.
- DanH replied Feb 11, 2019
Good job mate. Does it calculate structural high/low for profit levels, or is that manually done? Dan
- DanH replied Feb 11, 2019
H1 short opportunity looks ideal atm.
- DanH replied Feb 10, 2019
The next candle activated the trade, would've been good as the entry was immediate. No revisit required as it had revisited in candle #4.
- DanH replied Feb 9, 2019
If only I had this technique a week ago haha. 1:5 R/R, 24 hours 200 pips :O image But 100% true.
- DanH replied Feb 9, 2019
image image image image PS: You may also need to manually turn off the current threads you're subscribed to:- image
- DanH replied Feb 9, 2019
Just stick to the technique mate I’d say and you’ll find plenty that work, in that case that could’ve worked if you had entered there and then but risky! Dan EDIT: KISS (Keep It Stupid Simple )
- DanH replied Feb 8, 2019
TP @ most recent high would've hit? Not the higher high, next lower high as that's the most recent on that particular timeframe. Plus for SL, I would've set it to the next higher low below the accumulation zone - I guess that wouldn't have been ...
- DanH replied Feb 8, 2019
Can't believe it either Wonder what will come out of it in decades to come. (Source)
- DanH replied Feb 8, 2019
By the way @FXCyborg, this is actually madly amazing. After reading books, going through countless YouTube videos, backtesting, reverse engineering for the past 2 thirds of a year almost, this has literally made everything click for me. I've never ...
- DanH replied Feb 8, 2019
Again with that though shouldn't that have triggered within the next candle on the basis of the wick triggering a limit order? And then TP set to .70905 Dan
- DanH replied Feb 8, 2019
Correct me if I'm wrong as I've only just jumped onto this strategy a few hours ago and been researching it most the day. But, as price already retested within candle directly after engulf, shouldn't entry been at that point, accumulation zone at ...
- Extracted Posts
Having a look at previous recent lows indicates price may retest those zones, so if it is a recent ...
- Posts by Member Search: 'DanH'