Only 3 things need to be in order before placing any trade.
- Time of Day : Choose a high volume time to trade – London, New York session, NYSE open.
- HTF Engulf Zone : During that session, find one HTF Engulf Zone that is in the vicinity of the current market price.
- LTF Engulf Zone : Find one LTF Engulf Zone that is within or around HTF Engulf Zone and monitor the price action for Trade Entry. Observe whether price is rejecting or breaking out of the LTF Engulf Zone, aligning in the same direction as HTF Engulf Direction.
Entry: Horizontally from HTF Engulf to same type LTF Engulf (bullish to bullish, bearish to bearish)
Take Profit: Vertically from Engulf to opposite Engulf (bullish to bearish, bearish to bullish)
https://www.forexfactory.com/thread/...6#post14621296
https://www.forexfactory.com/thread/...4#post14633084
https://www.forexfactory.com/thread/...5#post14659695
videos:
https://www.forexfactory.com/thread/...7#post14593437
https://www.forexfactory.com/thread/...1#post14623881
https://www.forexfactory.com/thread/...5#post14633045
Most confident trades
https://www.forexfactory.com/thread/...6#post14635326
https://www.forexfactory.com/thread/...7#post14635347
Do not blame the methods, instead you should ask how "zoned in" are my eyes?
https://www.forexfactory.com/thread/...1#post14635371
Rules
(1) Direction flow bias.
Go to w1, d1, h4 to find Engulfing direction.
the concept https://www.forexfactory.com/thread/...9#post14608979
https://www.forexfactory.com/thread/...3#post14610713
Direction bias
https://www.forexfactory.com/thread/...7#post14594927
https://www.forexfactory.com/thread/...0#post14606270
https://www.forexfactory.com/thread/...3#post14606923
Speaking the language of Engulfing. https://www.forexfactory.com/thread/...7#post14608247
How to blow you account. https://www.forexfactory.com/thread/...8#post14607628
(2) Entry.
When price retraces to the htf h4 Engulf zone
Drop down to h1 or m30 or m15 and find Engulf or Engulf Fail set up.
Entry upon retest of Engulf or Engulf Fail zone.
Zone as SL (40 pips maximum).
TP at opposite Engulf or support / resistant.
ltf entry. https://www.forexfactory.com/thread/...5#post14641675.
(3) Normally point 2 above for entry will suffice.
However If further precision entry or smaller SL needed. ......
When price retraces to the h1 or m30 or m15 Engulf or Engulf Fail zone
Drop down to m5 or m1 and find Engulf or Engulf Fail set up.
It is advisable not to use these time frames if you are a lesser experienced trader.
When there is Engulf Fail it is better to be followed up with an Engulf set up.
Entry upon retest of Engulf or Engulf Fail zone.
Zone as SL (40 pips maximum).
TP at opposite Engulf or support / resistant.
Implication of engulf fail. https://www.forexfactory.com/thread/...3#post14590243
Engulf fail followed by an engulf entry provide a lower risk trade. https://www.forexfactory.com/thread/...1#post14591101
Live trade example go through post 137, 139, 142, 143, 144.
M1 scalping https://www.forexfactory.com/thread/...1#post14598231
Even in m1 one can see how price dances using engulfing. https://www.forexfactory.com/thread/...0#post14593110