Thanks for sharing this strategy, very interesting indeed and so far it is giving me good results on most of the pairs I trade. Looking forward for additional enhancement and keep up the nice work.
Here are my trades with HZS10 aproach. I traded 4h with HH HL or LL LH looking to the trend. Now with the engulfing candle after HH HL or LL LH can improve my entries .
Thanks HZS10
GBPCHF Daily bearish engulfing candle. Iīve just took the trade... Also I already was in another trade in this pair. I am expecting 245 Pips for both trades.
GBPCHF Daily bearish engulfing candle. Iīve just took the trade... Also I already was in another trade in this pair. I am expecting 245 Pips for both trades. {image}
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Hi Rebearv, that is no an engulfing candle like HSZ10 show in post 1.
{quote} Hi Rebearv, that is no an engulfing candle like HSZ10 show in post 1.
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Hello my friend. Well I donīt want to spoiled the thread, but for my own testing that kind of pattern is also successful, taking into account we donīt know what the market is going to really do. Do you want to see the kind of bearish engulfing which HSZ10 mentioned switch to 8H graphic same pair and then you will see it with alot of room if you display the fibonacci proportions which she has mentioned too and that 8H movement is involved in the Daily engulfing candle which I took today , and since it is a Daily candle we will know the results by 2 or 3 days from now!
Also I confirm the engulfing candles with volume and also I analyze RSI and MACD, but this is out of discussion since the thread does not have the purpose to discuss things like this.... what I mean is that despite the effective strategy which HSZ10 has share with us, you may look at your own backtesting and use your own tools so you can be prepared if this strategy stops working or for your own calm when you take a trade.
Please look the USDCAD trade which I took last week with the same criteria than todays trade.
{quote} Hello my friend. Well I donīt want to spoiled the thread, but for my own testing that kind of pattern is also successful, taking into account we donīt know what the market is going to really do. Do you want to see the kind of bearish engulfing which HSZ10 mentioned switch to 8H graphic same pair and then you will see it with alot of room if you display the fibonacci proportions which she has mentioned too and that 8H movement is involved in the Daily engulfing candle which I took today , and since it is a Daily candle we will know the results...
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Do you still long USDCAD ? I also interest in USDCAD because it has engulfing candle plus reverse head and shoulder
