(binned per thread starter’s request) The Engulf Method | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Engulf Bar Trading Journal 19 replies

MPE - Momentum, Pullback, Engulf 33 replies

Trade management - moving stops to BE+ after opposing engulf 2 replies

bo7a method... method for GBP/JPY 205 replies

Engulf Alert Indicator 1 reply

Attachments: (binned per thread starter’s request) The Engulf Method
Exit Attachments

(binned per thread starter’s request) The Engulf Method

  • #121
  • Feb 13, 2014 7:54am Feb 13, 2014 7:54am
The daily chart it what really go me interested in this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily21314followup.png Size: 75 KB
  • #122
  • Feb 13, 2014 7:57am Feb 13, 2014 7:57am
GPBAUD looks interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpauddaily21314.png Size: 67 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh421314.png Size: 76 KB
  • #123
  • Feb 13, 2014 8:05am Feb 13, 2014 8:05am
Quoting Winston Reed
The daily chart it what really go me interested in this trade. {image}
Greetings Winston,
Appears you were able to enter before the engulfing candle printed out, can you please clarify what made you enter?
Respects,
Allan
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #124
  • Feb 13, 2014 8:14am Feb 13, 2014 8:14am
Quoting lananpips
{quote} Greetings Winston, Appears you were able to enter before the engulfing candle printed out, can you please clarify what made you enter? Respects, Allan
Actually I entered on a retrace of the H4 engulf. No special reason for it.
  • #125
  • Feb 17, 2014 3:35pm Feb 17, 2014 3:35pm
Watching this one.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4021714watch.png Size: 41 KB
  • #126
  • Feb 17, 2014 3:37pm Feb 17, 2014 3:37pm
By the way. I removed everyone from my ignore list. So...
  • #127
  • Feb 17, 2014 6:17pm Feb 17, 2014 6:17pm
Hello Winston,

Have just subscribed to your thread after following your footprints elsewhere.
Congrats. on devising such an elegantly simple methodology. I have read through the thread and have no trouble at all
understanding it without further clarification. Maybe it is just not complex enough for some!

Best Regards,
Jim
  • #128
  • Feb 17, 2014 6:42pm Feb 17, 2014 6:42pm
Quoting JimN
Hello Winston, Have just subscribed to your thread after following your footprints elsewhere. Congrats. on devising such an elegantly simple methodology. I have read through the thread and have no trouble at all understanding it without further clarification. Maybe it is just not complex enough for some! Best Regards, Jim
Thank you Jim. Your comments are appreciated.
  • #129
  • Feb 17, 2014 6:59pm Feb 17, 2014 6:59pm
I revised the attached PDF on the method. I hope it helps.
Attached File(s)
File Type: pdf The Engulf Method.pdf   286 KB | 1,802 downloads
  • #130
  • Feb 17, 2014 7:52pm Feb 17, 2014 7:52pm
Let's see what price has to say.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdh4021714.png Size: 49 KB
  • #131
  • Feb 17, 2014 8:48pm Feb 17, 2014 8:48pm
The green box represents an important area. If price close above then I would discard trading short.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdh421714.png Size: 50 KB
  • #132
  • Feb 18, 2014 8:02am Feb 18, 2014 8:02am
GBPCAD trade stopped. I traded the H1 bar as shown. There was another level below that was better. I should have waited. Oh well. Next trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadh1tradestoppedout.png Size: 61 KB
  • #133
  • Feb 18, 2014 9:43am Feb 18, 2014 9:43am
Maybe this was a warning (using hindsight here of course).

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadh1tradestoppedout-JN.png Size: 35 KB
  • #134
  • Feb 18, 2014 3:52pm Feb 18, 2014 3:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4.png Size: 64 KB


Monitoring USDCHF. No actual trend on the weekly though....

Kudos to a great thread !
  • #135
  • Feb 19, 2014 7:26am Feb 19, 2014 7:26am
I've had to be away from the charts for the last day or so. Hope to get back into it today.
  • #136
  • Edited 12:57pm Feb 19, 2014 10:47am | Edited 12:57pm
Hi Winston,

Found you thread today. Very interesting and indeed engulfing concepts of other "systems". I did an excercise on drwaing levels and just picked the chart which opened on my platform. It happened to be AUDCHF. I have drawn some level and numbered them. Let me ask some questions:
1. The bar left from 2 engulfs the range to the left of it. So that is why this is an important level. Correct?
2. Does the same apply for the bar left to 3 and the range to the left?
3. I was in doubt whether also 5 would be a level. What is your opinion?
4. Extending 3 to the right. Is this level still active for the current PA?
5. Would you consider 7 an engulfing (range in gray to the left) and an important area? I was thinking maybe the move is not strong enough to consider it an important level.

Thanks for answering an maybe other comments. Hope to learn from you!

FP

Edit: 6 and 7 not in the pic. Added the gray and yellow area for question 5.
Attached Image (click to enlarge)
Click to Enlarge Name: Excercise drawing levels 190214.png Size: 25 KB
Posting Demo charts, mirroring some of them live.
  • #137
  • Feb 19, 2014 12:11pm Feb 19, 2014 12:11pm
Hi forexpiet! This is what I found when going over the AUDCHF 4h

Attached Image (click to enlarge)
Click to Enlarge Name: audchfh4.png Size: 64 KB


One needs to take into account though that there is no daily trend say since February 5th. ...

Dissecting charts this way is a lot of fun
  • #138
  • Feb 19, 2014 12:58pm Feb 19, 2014 12:58pm
Quoting jtpada
Hi forexpiet! This is what I found when going over the AUDCHF 4h....
Well, very similar to each other!
Posting Demo charts, mirroring some of them live.
  • #139
  • Feb 19, 2014 4:43pm Feb 19, 2014 4:43pm
Quoting forexpiet
Hi Winston, Found you thread today. Very interesting and indeed engulfing concepts of other "systems". I did an excercise on drwaing levels and just picked the chart which opened on my platform. It happened to be AUDCHF. I have drawn some level and numbered them. Let me ask some questions: 1. The bar left from 2 engulfs the range to the left of it. So that is why this is an important level. Correct? 2. Does the same apply for the bar left to 3 and the range to the left? 3. I was in doubt whether also 5 would be a level. What is your opinion? 4....
Hello Forexpiet,
Rather than answer every point you have enumerated please look at my charts. The daily chart highlights the most obvious and important area. The H4 chart has some other areas that are of interest and I am keeping an eye on. The most important thing is how PA occurs at these areas. Even if you mark an area that the market doesn't see as important PA will often keep you out of a bad trade. Hope that helps.

Attached Image (click to enlarge)
Click to Enlarge Name: audchfdailyfeb1914.png Size: 47 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audchfh4feb1914.png Size: 52 KB
  • #140
  • Feb 19, 2014 4:45pm Feb 19, 2014 4:45pm
Quoting JimN
Maybe this was a warning (using hindsight here of course). {image}
Hey Jim,
Yes I think you were right about this one!
1 trader viewing now