"Bullish Engulfing Bar" and "Bearish Engulfing Bar" trade | Page 3 | Forex Factory

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  • #41
  • May 28, 2020 12:44am May 28, 2020 12:44am
Quoting tehnoob
I just did. It's right above your somewhat angry (?) post But maybe I posted a fake chart, in which case just pull up your own chart of FTSE 100 daily on 9May and today.
ok Knob, you found one fault, now open your eyes and go through the charts to find more-look at the chart I posted and match that
  • #42
  • May 28, 2020 12:45am May 28, 2020 12:45am
Quoting smikester
{quote} Ja. But they do work sometimes.
everything works sometimes

I don't get why everyone seems so upset at my view on engulfing candles? This is a thread about them, so I posted my view abt them, plus my view on the engulfing on the FTSE 9 days ago, and it follow-up outcome today (at least on my Oanda platform).

Was this meant to be a thread where everyone glorified engulfing patterns ? Or are puffer fish not meant to comment at all?
  • #43
  • May 28, 2020 12:50am May 28, 2020 12:50am
Quoting thegrimreape
{quote} I hope this answers your question in the latter
erm, not really. If anything, it generates more.

And who is "we"? is Yuya part of a trading team?

Anyway, like I said, this seems like a thread started for engulfers. When I found it, I happened to be looking at the FTSE bearish engulfing candle, so I posted in here my view abt engulfers together with a live opinion on what was about to happen with the FTSE engulfer. If this somehow upset people well, maybe they should manage to calm their nerves , especially since they are "trading"
  • #44
  • May 28, 2020 12:50am May 28, 2020 12:50am
Quoting tehnoob
{quote} erm, not really. If anything, it generates more. And who is "we"? is Yuya part of a trading team? Anyway, like I said, this seems like a thread started for engulfers. When I found it, I happened to be looking at the FTSE bearish engulfing candle, so I posted in here my view abt engulfers together with a live opinion on what was about to happen with the FTSE engulfer. If this somehow upset people well, maybe they should manage to calm their nerves , especially since they are "trading"
Ignorant.
  • #45
  • May 28, 2020 12:53am May 28, 2020 12:53am
Quoting thegrimreape
{quote} Ignorant.
hey I'm just a noob who trades on the advice of a puffer fish. That's not just ignorant. It's batshit crazy!

Just ignore me and save your sanity
  • #46
  • May 28, 2020 12:54am May 28, 2020 12:54am
Quoting tehnoob
{quote} everything works sometimes I don't get why everyone seems so upset at my view on engulfing candles? This is a thread about them, so I posted my view abt them, plus my view on the engulfing on the FTSE 9 days ago, and it follow-up outcome today (at least on my Oanda platform). Was this meant to be a thread where everyone glorified engulfing patterns ? Or are puffer fish not meant to comment at all?
if you feel that this thread is not for you then move on
  • #47
  • May 28, 2020 12:54am May 28, 2020 12:54am
No this thread looks like one that I can swim in for awhile. I think I'll stay and visit a few more times
  • #48
  • May 28, 2020 1:07am May 28, 2020 1:07am
Quoting peterhenders
Hope this helps {image}
Half of the candles marked are not engulfing candles

plus several "engulfing" candles on the chart are not marked

Personally, no, it doesn't help me. But hey, if it helps others, party on, I say!
  • #49
  • May 28, 2020 1:13am May 28, 2020 1:13am
Quoting peterhenders
{quote} ok Knob, you found one fault, now open your eyes
My eyes are always open. Puffer fish don't have eyelids anyway. Couldn't close them even if I wanted to, I'm afraid
  • #50
  • May 28, 2020 1:14am May 28, 2020 1:14am
Quoting tehnoob
{quote} Half of the candles marked are not engulfing candles plus several "engulfing" candles on the chart are not marked Personally, no, it doesn't help me. But hey, if it helps others, party on, I say!
your NOT using your eyes, read the post prior to the charts as there are more than one type of engulfing patterns and please show what patterns are not engulfing.
You have pointed out ONE failed pattern so your 99% out with the 21 patterns I have shown and yes there are also unmarked patterns. The post was to help others identify these set ups and use the ema to guide them.
Get a life mate-there are better things out there than to kick shit
  • #51
  • May 28, 2020 1:20am May 28, 2020 1:20am
Quoting peterhenders
{quote} your NOT using your eyes, read the post prior to the charts as there are more than one type of engulfing patterns and please show what patterns are not engulfing. You have pointed out ONE failed pattern so your 99% out with the 21 patterns I have shown and yes there are also unmarked patterns. The post was to help others identify these set ups and use the ema to guide them. Get a life mate-there are better things out there than to kick shit
I already helped others here by providing my personal view on engulfing patterns, which happens to be that they are not reliable. Other people have different views. Good on them! Keep trading them and make millions.

I supplemented it with a live example that (as I believed) happened to be unfolding on the daily charts

I posted that example 9 days ago

I posted its outcome today

I commented on your chart, that you missed engulfing candles even with the liberal definition of engulfing candles that you seem to have used.

I thought these threads are for discussion and comment. What is the problem?
  • #52
  • May 28, 2020 1:20am May 28, 2020 1:20am
Quoting peterhenders
{quote} your NOT using your eyes, read the post prior to the charts as there are more than one type of engulfing patterns and please show what patterns are not engulfing. You have pointed out ONE failed pattern so your 99% out with the 21 patterns I have shown and yes there are also unmarked patterns. The post was to help others identify these set ups and use the ema to guide them. Get a life mate-there are better things out there than to kick shit
These type of hijackers bring nothing but more garbage into the thread. Luckily, we've got the ignore button here in FF. All thanks to Twee for it. Just ignore him, time spent on development is much worth than arguing with idiots.
  • #53
  • May 28, 2020 1:35am May 28, 2020 1:35am
Here is one from yesterdays Candle, we will see how this one goes
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-d1-hantec-markets-ltd Yesterdays Candle.png Size: 31 KB
  • #54
  • May 28, 2020 1:57am May 28, 2020 1:57am
Quoting peterhenders
Here is one from yesterdays Candle, we will see how this one goes {image}
Yesterday's red daily candle on AUDCAD is not a bearish engulfer. Its open is the same as the prior day's close and its high is way below its prior day's high.

Actually, since you bring it up, the AUD/CAD daily chart has several impressive looking engulfing failures over the past 5 months alone, and only a couple of successes, plus a very long period were the price trended but there were no engulfing candles at all.

If anything, today's candle is more likely to be bullish, and yesterday's red candle which I understand is a "bearish engulfing" to you, is more likely a trap.

Again, just my view. No need to get all upset about different views. Especially when they come from just a fish!
  • #55
  • May 28, 2020 2:04am May 28, 2020 2:04am
By the way Peter, you said earlier that one could get better results from engulfing candles if they make sure they agree with the direction of Moving Averages (20, 30, 50 you mentioned as examples)

Did you use the MA direction confirmation on this daily trade on AUD/CAD to go short on what you call a bearish engulfing candle? Because your chart doesn't contain MAs.

Does you trade agree with the direction of the MAs that you said ppl should use as confirmation?
  • #56
  • May 28, 2020 2:26am May 28, 2020 2:26am
Quoting tehnoob
By the way Peter, you said earlier that one could get better results from engulfing candles if they make sure they agree with the direction of Moving Averages (20, 30, 50 you mentioned as examples) Did you use the MA direction confirmation on this daily trade on AUD/CAD to go short on what you call a bearish engulfing candle? Because your chart doesn't contain MAs. Does you trade agree with the direction of the MAs that you said ppl should use as confirmation?
IF you want to use the ma's.
I didn't have them because I don't use them but I mentioned it to help others.
AND, why is that NOT a bearish engulfing Pattern. Can you please explain MR F'n Expert
  • #57
  • May 28, 2020 3:47am May 28, 2020 3:47am
Reference to Steve Nison engulfing pattern: Two candles composing the engulfing pattern should be the opposite color and the 2nd real body must engulf the prior real body....It need NOT engulf the shadows or wicks ( page 43 Japanese Candlestick Charting Techniques- Steve Nison)
So I now ask MR Smarty Pants ( tehnoob) to explain his view of the engulfing pattern, as I have ask this before but he fails to answer.
  • #58
  • May 28, 2020 4:24am May 28, 2020 4:24am
Quoting peterhenders
Reference to Steve Nison engulfing pattern: Two candles composing the engulfing pattern should be the opposite color and the 2nd real body must engulf the prior real body....It need NOT engulf the shadows or wicks ( page 43 Japanese Candlestick Charting Techniques- Steve Nison) So I now ask MR Smarty Pants ( tehnoob) to explain his view of the engulfing pattern, as I have ask this before but he fails to answer.
As I've illustrated before, he couldn't bother sifting through the first couple of pages comprehensively before commenting. He's here to comment, not to learn nor contribute. Some traders got way too caught up with their own ego and this is what happened. They made themselves look foolish in front of everyone else while thinking they're high up the ladder.
  • #59
  • May 28, 2020 4:30am May 28, 2020 4:30am
Quoting thegrimreape
{quote} As I've illustrated before, he couldn't bother to sift through the first few pages comprehensively before commenting. He's here to comment, not to learn nor contribute. Some traders got way too caught up with their own ego and this is what happened. They made themselves look foolish in front of everyone else while thinking they're high up the ladder.
He's only learning and I think he's got tangles up with his babypip fails
  • #60
  • May 28, 2020 6:09am May 28, 2020 6:09am
We all know ..there was an investigation by an italian(?) trader on success rate of price action patterns...the results- as far as I remember -were lower than 50%.
What does that tell?? As with every strategy the success depends more on a great risk management as on the strategy itself.
We can be successful traders with engulfings when following strict rules.
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