Simple, Non-subjective, Consistent, Effective

Quoting Tulkas

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Question for Ap3 or others: In the GBP/JPY 4h chart below, there is a perfect Bullish Engulfing in a strong downtrend. The following bar breaks long which is, I assume, a qualified long entry. A hard reverse follows taking out the stop (swing low or low of BE bar +10p). 1) Is this a qualified long reversal? 2) Where is the reversal back to short? I am comfortable that losses will occur but want to be sure this one was not unnecessary. Thank {image}

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Quoting Tulkas

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Thanks for the quick reply Mor. This has been a confusion on my part from the first page. On currencies like the GBP/JPY (or JPY pairs in general), there can be some seriously huge spikes. This makes the stops incredibly large. However, if this is the correct entry (break of wick vs break of bar open), then I will continue to study before add this to my trading. T

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Quoting Traderbry

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Does anyone know of an engulfing candle Alert for mt4? Just wondering...

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Quoting Tulkas

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Question for Ap3 or others: In the GBP/JPY 4h chart below, there is a perfect Bullish Engulfing in a strong downtrend. The following bar breaks long which is, I assume, a qualified long entry. A hard reverse follows taking out the stop (swing low or low of BE bar +10p). 1) Is this a qualified long reversal? 2) Where is the reversal back to short? I am comfortable that losses will occur but want to be sure this one was not unnecessary. Thank {image}

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Quoting Ap3

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{quote} Price was below daily open, so only sells. Also the trade never triggered.

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Quoting njokie

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waiting to see if the trade will trigger and how it plays out {image}

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Quoting njokie

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potential trade {image}

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Quoting Gizzledonk

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{quote} Both of these work well, I prefer the Candle Identifier - you can turn off various options or it will spam you with a mass of different alerts, I have it set for doji, engulfing pattern and outside bar. seems to work well enough for me. Have fun. {file} {file}

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Quoting Gizzledonk

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{quote} Both of these work well, I prefer the Candle Identifier - you can turn off various options or it will spam you with a mass of different alerts, I have it set for doji, engulfing pattern and outside bar. seems to work well enough for me. Have fun. {file} {file}

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Quoting faze

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two I am in now...Ap3 should the USDCAD trade be closed since the marked bar is opposite engulfing? {image} this one has been on a trail stop for a while and still going. {image}

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Quoting nasko

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Hi fellas, I am just wondering about a possible bullish engulfing trade on the U/C. The only possible problem would be a nearby resistance area. What do you think? It has been clearly preceded by two more bullish engulfing patterns. {image}

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Quoting Tulkas

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The GBP/JPY 4hr chart below shows a devastating stopout on a long that just barely triggered. Is there any way to avoid this? {image}

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