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Engulfing Candles

  • #1
  • First Post: Aug 4, 2021 2:09pm Aug 4, 2021 2:09pm
This thread is strictly for Engulfing Candlestick pattern trading. Feel free to share your ideas!
Learn from your mistakes and march on.
  • #2
  • Aug 4, 2021 2:12pm Aug 4, 2021 2:12pm
A bearish engulfing candle has formed on the AUDCHF Monthly chart. My plan is to wait for a signal to short this pair using the Daily chart.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF.png Size: 39 KB
Learn from your mistakes and march on.
  • #3
  • Aug 4, 2021 2:20pm Aug 4, 2021 2:20pm
A bearish Engulfing pattern has formed on GBPUSD H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 38 KB
Learn from your mistakes and march on.
  • #4
  • Aug 4, 2021 2:24pm Aug 4, 2021 2:24pm
A bearish engulfing pattern has formed on EURUSD H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 39 KB
Learn from your mistakes and march on.
  • #5
  • Aug 4, 2021 2:25pm Aug 4, 2021 2:25pm
A bullish engulfing pattern has formed on USDCHF H4, and D1.

H4
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.png Size: 36 KB


D1
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF_D1.png Size: 31 KB
Learn from your mistakes and march on.
  • #6
  • Aug 4, 2021 3:22pm Aug 4, 2021 3:22pm
What you think of BTCUSD Daily candle about to close Bullish Engulfing then? above a key trendline too, I think we might see a rally to 48k..we can finally end this dumb range
Attached Image (click to enlarge)
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  • #7
  • Aug 4, 2021 3:58pm Aug 4, 2021 3:58pm
Quoting Amin1422
What you think of BTCUSD Daily candle about to close Bullish Engulfing then? above a key trendline too, I think we might see a rally to 48k..we can finally end this dumb range {image}
Time will tell.
Learn from your mistakes and march on.
  • #8
  • Aug 4, 2021 5:57pm Aug 4, 2021 5:57pm
Quoting here2there
{quote} Time will tell.
Well I really hope these Btc bears go hibernate somewhere, they keep jeering "0! ZERO!!"...if btc was meant to go to zero, then why hasn't it already? ..Maybe its because it never will, but they don't want to face the facts. Everyone knows they lost money buying the top, like the herd of sheep they are.
  • #9
  • Aug 4, 2021 6:09pm Aug 4, 2021 6:09pm
Quoting here2there
This thread is strictly for Engulfing Candlestick pattern trading. Feel free to share your ideas!
I've been using candle patterns on the 4 hour charts.
  • #10
  • Aug 4, 2021 6:23pm Aug 4, 2021 6:23pm
Quoting Amin1422
{quote} Well I really hope these Btc bears go hibernate somewhere, they keep jeering "0! ZERO!!"...if btc was meant to go to zero, then why hasn't it already? ..Maybe its because it never will, but they don't want to face the facts. Everyone knows they lost money buying the top, like the herd of sheep they are.
Actually, I would very much like to see it go back to 20k (test its 2017 ATH). But it doesn't look like that is going to happen. It's pumping again. If it keeps this up, it won't be long before FOMO kicks in, and then it will get stupid bullish again.
Learn from your mistakes and march on.
  • #11
  • Aug 4, 2021 6:32pm Aug 4, 2021 6:32pm
Quoting here2there
{quote} Actually, I would very much like to see it go back to 20k (test its 2017 ATH). But it doesn't look like that is going to happen. It's pumping again. If it keeps this up, it won't be long before FOMO kicks in, and then it will get stupid bullish again.
Ya! 20k is a sound support level to buy again, I wished it had done so earlier then bounce so we wouldn't waste time in the range. I'm hoping this time we get another bull charge and a break from boring motions
  • #12
  • Aug 4, 2021 6:49pm Aug 4, 2021 6:49pm
Quoting Amin1422
{quote} Well I really hope these Btc bears go hibernate somewhere, they keep jeering "0! ZERO!!"...if btc was meant to go to zero, then why hasn't it already? ..Maybe its because it never will, but they don't want to face the facts. Everyone knows they lost money buying the top, like the herd of sheep they are.
I don't think we can blame them, the poor sheep think btc moves like penny stocks. Yes I'll bet they're poor stock traders, they come from a world where 20% change is amazing, so they see btc's volatility and correlate it to penny stocks. They are not willing to study the past when btc toppled from its aths but never came close to zero, btc is immortal this way..but sheep will be sheep

Ahh, anyway it seems like I've distracted the thread's main topic, I should stop talking about btc
  • #13
  • Aug 4, 2021 6:59pm Aug 4, 2021 6:59pm
Quoting Amin1422
{quote}...it seems like I've distracted the thread's main topic, I should stop talking about btc
Good idea.
Learn from your mistakes and march on.
  • #14
  • Aug 5, 2021 12:49am Aug 5, 2021 12:49am
Quoting here2there
This thread is strictly for Engulfing Candlestick pattern trading. Feel free to share your ideas!
Do engulfing candles give you an edge, I've really seen no evidence that they do?
  • #15
  • Aug 5, 2021 4:21am Aug 5, 2021 4:21am
Quoting rover99x
{quote} Do engulfing candles give you an edge, I've really seen no evidence that they do?
It's a good pattern. Whether or not it gives you an edge depends on your strategy.
  • #16
  • Aug 5, 2021 5:19am Aug 5, 2021 5:19am
Quoting rover99x
{quote} Do engulfing candles give you an edge, I've really seen no evidence that they do?
They tell you who is in control. It's important to know this.

It sounds like this thread is not for you. I hope you have not come here to argue. I don't want to have to ban you from the thread for being disruptive. If you have issues with engulfing candles and prefer not to bother with them, then it would probably be best to avoid this thread.
Learn from your mistakes and march on.
  • #17
  • Aug 5, 2021 9:43am Aug 5, 2021 9:43am
engulfing form is important for me, I usually use D1 n H4, if there is a trend whether down or up, then I always will look for 2 candle forms, 1 is engulfing and the other is pinbar to estimate it will reversal or not also prev engulfing will be my baseline for marking supply and demand areas
Hope everyone gets green pips
  • #18
  • Last Post: Aug 6, 2021 1:03pm Aug 6, 2021 1:03pm
Quoting here2there
{quote} They tell you who is in control. It's important to know this. It sounds like this thread is not for you. I hope you have not come here to argue. I don't want to have to ban you from the thread for being disruptive. If you have issues with engulfing candles and prefer not to bother with them, then it would probably be best to avoid this thread.
Thanks for your reply, I have no issues with engulfing candles at all, it's just I don't really see why they're significant on their own. Sorry if I worded my reply wrong, there was no attempt to argue, but if you want me gone just say so.....
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