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  • #85,501
  • Jan 12, 2018 3:25am Jan 12, 2018 3:25am
Outside Bar is the same as Engulfing Bars!?!?
Yes or no!?
I read articles that say it's the same thing!

https://cdn.dailypriceaction.com/wp-...ar-pattern.jpg
  • #85,502
  • Jan 12, 2018 3:29am Jan 12, 2018 3:29am
sorry i forgot i had a loser on EJ!

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  • #85,503
  • Jan 12, 2018 3:32am Jan 12, 2018 3:32am
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What difference?
  • #85,504
  • Jan 12, 2018 3:36am Jan 12, 2018 3:36am
Quoting fleurdelys
Outside Bar is the same as Engulfing Bars!?!? Yes or no!? I read articles that say it's the same thing! https://cdn.dailypriceaction.com/wp-...ar-pattern.jpg

Your original question was: "Sorry but what difference with Outside Bar and Engulfing Bar?"

I gave you the answer, with a link:
https://www.dailyfx.com/forex/educat...ical_Bars.html

Which states: "Few Candlestick patterns can excite traders as much as the Engulfing pattern, or also known as the ‘Outside Vertical Bar.’


Here is a few more that came to me from a 5 minute google search. I'm quite sure that all of these sites have got it wrong and Emmanuel has got it right, because he's never wrong, but such is life. Do yourself a favour and don't rely on anyone but yourself and your own powers of search and research.

https://www.forexschoolonline.com/bu...oduction-html/
"This article is all about one of the most powerful and reliable Forex price action set ups available. It is the Bullish and Bearish Engulfing Bar. Some traders call it the Bullish or Bearish Outside bar."


http://swing-trading-strategies.com/...ding-strategy/
Other terms you may have heard for an outside bar are:
* Bullish Engulfing pattern
* Bearish Engulfing pattern


https://www.tradingheroes.com/pin-ba...notifications/
"and Engulfing Bars, otherwise known as Outside Bars."


http://www.fxtimes.com/how-to-trade-...-bars-in-forex
"If identified and understood correctly, the engulfing bars—also known as outside bars"


http://www.learntotradethemarket.com...ading-strategy
"Outside Bar: Also sometimes called a “mother bar”, wide range or engulfing bar, an outside bar is a bar with a high that is higher than the previous or next bar and with a low that is lower than the previous or next bar, thereby engulfing the previous bar or next bar."


http://www.forextradingforprofit.com...g-outside-bars
"Bearish Engulfing (Outside Bars)"
Doing what you like is Freedom. Liking what you do is Happiness.
  • #85,505
  • Jan 12, 2018 3:37am Jan 12, 2018 3:37am
USDJPY - HOURLY chart - Waiting on bar close here to see if we get a cross. What do you guys think of this setup?
Attached Image (click to enlarge)
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Know your edge and trade within it
  • #85,506
  • Jan 12, 2018 3:47am Jan 12, 2018 3:47am
Quoting realjumper
{quote} Your original question was: "Sorry but what difference with Outside Bar and Engulfing Bar?""

Great! Yes it was simple! But since Emmanuel told me that it's not the same thing I did not understand anymore lol Thank you
  • #85,507
  • Jan 12, 2018 3:51am Jan 12, 2018 3:51am
[quote = fxtrader29ca; 10664400] USDJPY - HORAIRE - Attente sur la barre prčs d'ici pour voir si nous obtenons une croix. Que pensez-vous de cette configuration? {image} [/ quote]
About me I would not open on Friday. But I think it's a nice configuration if the price comes out of the small range
  • #85,508
  • Jan 12, 2018 3:56am Jan 12, 2018 3:56am
I'm sorry for my poor language! I understand bad sometimes lol ^^^
I will take English courses lol
  • #85,509
  • Jan 12, 2018 3:59am Jan 12, 2018 3:59am
I mentioned this before and i will point it out again.

Always look out for the double C&H formation, as it will likely be a double 1/2 (waves 1/2 and then subwave ('i'&'ii'), because it means that next will be the most powerful subwave (iii) of 3;

EU;

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When applying Supply/Demand, i try to combine it with EW theory as much as possible and that is why i look for a retest of the top of subwave (i) of a 5w set.

There are S/D zones everywhere, but by taking only the deeper retests, it eliminates much noise and also makes targets more favourable.

Discretion is everywhere within trading. Do i take the risk? or leave it? if you leave it and it turns out to be a winner, it invokes a kind of stress. The market wins not because of any magic, or trickery, but simply because we are hard-wired to need to see a winner to prove to ourselves that we are /were right, then we take the next trade which is a loser, confidence dips and the need resets. Rinse/repeat. Watch a couple of winners, take a loser...

There is no mechanical answer to trading. Only discretion.
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  • #85,510
  • Jan 12, 2018 4:12am Jan 12, 2018 4:12am
Completely different phase on the Dax currently (Corrective chop as opposed to Impulse trending on the EU), but same principle;

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Determine a 5w cycle, look to retest prior subwave 'i' (previous S/D).

Even when wave counts are obscure, by using channel lines they will usually dictate a separate phase. It's easier to see when PA has likely broken a particular cycle, if you can include channel lines.

All of this merely paints a picture... fills in the jigsaw puzzle, makes it easier to use discretion...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,511
  • Jan 12, 2018 4:27am Jan 12, 2018 4:27am
USDJPY short here on the hourly chart. See where this goes.
Attached Image (click to enlarge)
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Know your edge and trade within it
  • #85,512
  • Jan 12, 2018 4:43am Jan 12, 2018 4:43am
Quoting fleurdelys
I'm sorry for my poor language! I understand bad sometimes lol ^^^ I will take English courses lol

I know English is not your first language. There are several non-English speaking traders in the M15 thread and we communicated over skype with charts which is our common language when we were trading.

Here below is UJ H4 chart, now it is up to you to train your 'third eye' for trading. After trading the stock market for 30 years, I don't need to use google to search for basic trading knowledge. I keep it simple, use my 30 years trading knowledge and experience and share it with you all here.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,513
  • Jan 12, 2018 4:45am Jan 12, 2018 4:45am
Quoting fxtrader29ca
USDJPY short here on the hourly chart. See where this goes. {image}

good trade BEOB setup and see that TDI Green angle/slope....when that BEOb closed...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,514
  • Jan 12, 2018 4:47am Jan 12, 2018 4:47am
Quoting The Cableguy
Completely different phase on the Dax currently (Corrective chop as opposed to Impulse trending on the EU), but same principle; {image} Determine a 5w cycle, look to retest prior subwave 'i' (previous S/D). Even when wave counts are obscure, by using channel lines they will usually dictate a separate phase. It's easier to see when PA has likely broken a particular cycle, if you can include channel lines. All of this merely paints a picture... fills in the jigsaw puzzle, makes it easier to use discretion...

Thanks CG,

Slowly I am beginning to see things....


kind of regret that I drop using the Fibo tool...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,515
  • Jan 12, 2018 4:53am Jan 12, 2018 4:53am
Quoting emmanuel7788
{quote} I know English is not your first language. There are several non-English speaking traders in the M15 thread and we communicated over skype with charts which is our common language when we were trading. Here below is UJ H4 chart, now it is up to you to train your 'third eye' for trading. After trading the stock market for 30 years, I don't need to use google to search for basic trading knowledge. I keep it simple, use my 30 years trading knowledge and experience and share it with you all here. {image}
Very Well Illustrated Emm!
  • #85,516
  • Jan 12, 2018 4:54am Jan 12, 2018 4:54am
There has been some great moves recently particularly on the Euro pairs. This is a time when crossover indicators can not fail to reap rewards, but knowing what is likely to come next can only help you in the decision making process. After all, you don't want to give back those gains in a period of chop. This is why i post the C&H and EW charts...

EU again and do you see something familiar with my previous charts?

Attached Image (click to enlarge)
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The easy to spot powerful wave 3 (labelled here 'iii') Hardly any meaningful pullback and PA contained within a channel... Wave 'iv'ending at the same location as prior subwave ('iv') and also at the 23.6% retracement of the prior 3rd wave.
The Negative Divergence between wave 3 and 5 ends...
The 5th wave being 38.2% of waves 0-3
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  • #85,517
  • Jan 12, 2018 5:20am Jan 12, 2018 5:20am
Quoting The Cableguy
There has been some great moves recently particularly on the Euro pairs. This is a time when crossover indicators can not fail to reap rewards, but knowing what is likely to come next can only help you in the decision making process. After all, you don't want to give back those gains in a period of chop. This is why i post the C&H and EW charts... EU again and do you see something familiar with my previous charts? {image} The easy to spot powerful wave 3 (labelled here 'iii') Hardly any meaningful pullback and PA contained within a channel... Wave...
GREAT Charts
  • #85,518
  • Jan 12, 2018 5:27am Jan 12, 2018 5:27am
Quoting emmanuel7788
{quote} I don't need to use google to search for basic trading knowledge. I keep it simple, use my 30 years trading knowledge and experience and share it with you all here.


As I said in post 85,504 : "I'm quite sure that all of these sites have got it wrong and Emmanuel has got it right, because he's never wrong, but such is life."

I wonder who at Google I will need to contact to let them know that all of the websites they have in their database(s) are wrong, and to refer to Emmanuel to get the correct information. I'll look into it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #85,519
  • Jan 12, 2018 5:28am Jan 12, 2018 5:28am
TMS H4 real time
yesterday enteres
EJ + 44
UCHF +42
UJ close +45

This week so far 225 pips close, and +90 steel open.
  • #85,520
  • Jan 12, 2018 5:33am Jan 12, 2018 5:33am
Quoting fleurdelys
Outside Bar is the same as Engulfing Bars!?!? Yes or no!? I read articles that say it's the same thing! https://cdn.dailypriceaction.com/wp-...ar-pattern.jpg

Hello, there is two different opinion on this issue:
1.
The definition of ouside bar is that the last bar high/low completely engulf the high/low of the previous bar.
This will include cases where the last bar body completly engulf the body of the previous bar. Peoples with
this opinion will tell you that ouside bar and engulfing bar are the same.

2.
The definition of engulfing bar is that the last bar open/close (body) completely engulf the previous bar open close (body).
The high/low of last bar doesn't need to engulf the high/low of previous bar. Peoples with this opinion will tell you that you
can have a engulfing bar even if it's not ouside bar.


I have seen examples in this thread on option 1. For option 2. you can see the following pdf from Strat's thread:
https://www.forexfactory.com/attachm...5&d=1508787125
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