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

  • #161
  • Mar 1, 2014 6:15am Mar 1, 2014 6:15am
Sorry I had to make the PA small to get everything on the pic. The hashed horizontal line represents an area that price completely engulfed. Just before engulfing however at 1 price "hiccups". Price then flags (consolidates) above 1. It exceeds the flag but revisits the flag's upper border as shown by the red arrow.

The next chart I zoomed in a bit. I've outlined the flag in green. Notice the two large bull candles that engulf out of the flag. This is supremely important. The red arrow represents the first trade long.
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  • #162
  • Mar 1, 2014 6:21am Mar 1, 2014 6:21am
It's difficult to get all the detail in but bear with me. Now 1 becomes important again as price visits the area at 2. At 1 I've highlighted a bull candle that engulfed the prior "hiccup". Many would ignore this but it should not be. Notice at 2 how price reacts to this area. This is the second buy. Again the bullish engulfing candle clued us.
Attached Image (click to enlarge)
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  • #163
  • Mar 1, 2014 6:30am Mar 1, 2014 6:30am
The bear candle highlights where price engulfed through the support created by the top of the flag in green. After price bounces at 2 price reacts at the 2 red arrows. This area would have been a target for trade 2 and also for possible shorts.
Attached Image (click to enlarge)
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  • #164
  • Mar 1, 2014 6:32am Mar 1, 2014 6:32am
3 is a bull candle that leads to the engulf of the red s/r again. The red up arrow here is where price revisits and a long was possible.
Attached Image (click to enlarge)
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  • #165
  • Mar 1, 2014 6:34am Mar 1, 2014 6:34am
5 is where price engulfed south and the revisit at the red down arrow for a sell.

There you have it. There may be more here but I think I covered the bulk of it.
Attached Image (click to enlarge)
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  • #166
  • Mar 1, 2014 8:53am Mar 1, 2014 8:53am
Thank You for explaining the system.

Please have a look at the attached GBPNZD H4 setup, how does it look to trend up?
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  • #167
  • Mar 1, 2014 10:22am Mar 1, 2014 10:22am
HI Winston Reed (http://www.forexfactory.com/winston*reed)

NICE METHOD I READ ALREADY THE PDF

HERE MY CHARTS EU WEEKLY DOWN BIAS
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4 H CHART SCANING
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  • #168
  • Mar 1, 2014 10:27am Mar 1, 2014 10:27am
Usd cad
weekly up trend
Attached Image (click to enlarge)
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scan to buy area 4h
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  • #169
  • Mar 1, 2014 10:31am Mar 1, 2014 10:31am
Au usd
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4 h scan to sell
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  • #170
  • Mar 1, 2014 10:34am Mar 1, 2014 10:34am
Eg
w
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4 h scan to sell aera
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  • #171
  • Mar 1, 2014 10:56am Mar 1, 2014 10:56am
EJ UP TREND WEEKLY

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-w1-fxdirectdealer.png Size: 44 KB


SCANNING FOR buying area 4h
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  • #172
  • Mar 1, 2014 1:30pm Mar 1, 2014 1:30pm
Hi .. I will put here a chart that also has very good entry points.
if not within the rules of this method, please tell me that I take the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 0 como traçar S-R topo- fundo e fundo topo.png Size: 26 KB


greetings,
JVBS
Work very hard until you get there (excuse my english)
  • #173
  • Mar 2, 2014 3:01pm Mar 2, 2014 3:01pm
Quoting ankushbali
Thank You for explaining the system. Please have a look at the attached GBPNZD H4 setup, how does it look to trend up? {image}
The H4 chart is shown and I couldn't say if the trend will continue up. The M15 chart shows price entering into an area of supply so any buys here would be ill-advised.
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  • #174
  • Mar 2, 2014 3:04pm Mar 2, 2014 3:04pm
Quoting jvbs
Hi .. I will put here a chart that also has very good entry points. if not within the rules of this method, please tell me that I take the chart. {image} greetings, JVBS
Hello jvbs,
I appreciate your visit but honestly your chart is so busy I don't have the patience to decipher it. It would help to know which pair and to greatly limit all the lines on the chart.
  • #175
  • Mar 2, 2014 3:13pm Mar 2, 2014 3:13pm
Hello MAESTRO WR,
WHY YOU ARE WATCHING 15 TF
​SHALL WE DO ALSO TO GET BEST Entries ?
  • #176
  • Mar 2, 2014 3:17pm Mar 2, 2014 3:17pm
Quoting Amirsaid
EJ UP TREND WEEKLY {image} SCANNING FOR buying area 4h {image}
watching this one

EJ
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-fxdirectdealer.png Size: 34 KB


open with GAP
  • #177
  • Mar 2, 2014 3:19pm Mar 2, 2014 3:19pm
Quoting Amirsaid
Hello MAESTRO WR, WHY YOU ARE WATCHING 15 TF ​SHALL WE DO ALSO TO GET BEST Entries ?
I have edited the first post with reasons why you are seeing me trade some lower time frames. Check it out.
  • #178
  • Mar 2, 2014 3:24pm Mar 2, 2014 3:24pm
Quoting Amirsaid
Usd cad weekly up trend {image} scan to buy area 4h {image}

U CAD
update

Attached Image (click to enlarge)
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  • #179
  • Mar 2, 2014 3:30pm Mar 2, 2014 3:30pm
Quoting Winston Reed
{quote} I have edited the first post with reasons why you are seeing me trade some lower time frames. Check it out.
thanks

i just read it right now the update in 1 st post


i am just asking if my charts drawn as you said sir ?

Regards

Amir
  • #180
  • Mar 2, 2014 3:32pm Mar 2, 2014 3:32pm
Quoting Winston Reed
{quote} The H4 chart is shown and I couldn't say if the trend will continue up. The M15 chart shows price entering into an area of supply so any buys here would be ill-advised. {image}{image}
Thank You Winston,

What currencies do you have on your watch list for this week?

Are you looking at :

GBPAUD - Up
GBPCAD/EURCAD - UP
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