(binned per thread starter’s request) The Engulf Method | Page 14 | 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

  • #261
  • Edited 1:18pm Jul 29, 2014 12:58pm | Edited 1:18pm
"yes, limits can work, l don't use them often because how do you know a level will be respected - answer is you don't

wait for bullish enguilfing @ demand

wait for bearish enguilfing @ supply"
....Redsword
  • #262
  • Jul 29, 2014 5:39pm Jul 29, 2014 5:39pm
NZDUSD 15m. Price broke down the H4 supply and is now re-approaching.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM1572914.png Size: 46 KB
  • #263
  • Jul 29, 2014 7:23pm Jul 29, 2014 7:23pm
Holding it south for now.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM1fulivetrade72914.png Size: 44 KB
  • #264
  • Jul 29, 2014 7:30pm Jul 29, 2014 7:30pm
2/3 closed. Holding rest at breakeven. Free trade now.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM1twothirdsclosed.png Size: 44 KB
  • #265
  • Jul 29, 2014 8:33pm Jul 29, 2014 8:33pm
And again.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM172914shortagain.png Size: 53 KB
  • #266
  • Jul 30, 2014 7:49am Jul 30, 2014 7:49am
Very nice Winston!


I'm also starting to go along with the realisation, that Supply and demand, together with price action is the way to go.

By the way, concise, clear charts you have there. Will be following your progress with this method from now on in.
"Never interrupt your enemy when he is making a mistake" Napoleon Bonaparte
  • #267
  • Jul 30, 2014 7:55am Jul 30, 2014 7:55am
Quoting MushyPeas
Very nice Winston! I'm also starting to go along with the realisation, that Supply and demand, together with price action is the way to go. By the way, concise, clear charts you have there. Will be following your progress with this method from now on in.
Welcome.
Let's trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM1livetrade73014.png Size: 51 KB
  • #268
  • Jul 30, 2014 8:00am Jul 30, 2014 8:00am
2/3 closed
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM1twothirdsclosed..png Size: 52 KB
  • #269
  • Jul 30, 2014 8:04am Jul 30, 2014 8:04am
All out
  • #270
  • Jul 30, 2014 1:53pm Jul 30, 2014 1:53pm
Interesting
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1scalpingsouth.png Size: 38 KB
  • #271
  • Aug 1, 2014 10:07am Aug 1, 2014 10:07am
No trades last 36 hours. Done for the weekend. See ya Monday.
  • #272
  • Aug 1, 2014 10:56am Aug 1, 2014 10:56am
I analyze charts from the daily down to the 1 minute.
Starting from scratch this is GBPUSD daily with the closest and most obvious s/d levels. From this chart I can see the pair has been steeply declining for some time and is approaching a daily demand zone.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDailyanalysismethod.png Size: 45 KB
  • #273
  • Aug 1, 2014 11:04am Aug 1, 2014 11:04am
H4 levels in green. Daily levels changed color as they are not where trading is occurring right now. Price is in an H4 demand zone. From this analysis I know that I want to be trading long. Yes, price could continue down further especially since a good daily demand zone is just below.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4analysis.png Size: 55 KB
  • #274
  • Aug 1, 2014 11:07am Aug 1, 2014 11:07am
H1 in orchid with Daily and H4 zones unchanged. From this chart I know the new H1 zone is definitely a possible area for a short trade. But I am more interested in trading long from the H4 zone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1analysis.png Size: 36 KB
  • #275
  • Aug 1, 2014 11:12am Aug 1, 2014 11:12am
The 15 minute chart starts to clarify structure that was difficult to see on the H1.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15analysis.png Size: 43 KB


The 5 minute now very clearly shows possible trading areas. The 5 minute demand zone below is in the H4 demand and is where I am most interested to trade from. But we know price will do what it wants so if price moves up to that "swap" level (demand turned supply) that is also a good area to sell. Above the swap is a supply area that is tradeable.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5analysis.png Size: 53 KB
  • #276
  • Aug 1, 2014 11:19am Aug 1, 2014 11:19am
The 1 minute. The yellow arrow shows where a long from a new demand level created inside the H4 level could have been taken. This is exaclty what we want to trade. Lower time frame levels inside of higher time frame levels. We want to see new lower time frame levels being created inside of higher time frame levels then trade them upon return to the new level.

You may see levels between the ones I have drawn. If you zoom in to far and can't see the levels below and above you will get suckered into taking trades in the middle. Trade the outer edges that you identify from your top-down analysis.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1analysis.png Size: 48 KB
  • #277
  • Aug 1, 2014 12:09pm Aug 1, 2014 12:09pm
Quoting Winston Reed
The 1 minute. The yellow arrow shows where a long from a new demand level created inside the H4 level could have been taken.... {image}
Excellent explanation
  • #278
  • Aug 1, 2014 12:11pm Aug 1, 2014 12:11pm
Yeah...excellent analysis Winston!

Quoting Winston Reed
The 1 minute. The yellow arrow shows where a long from a new demand level created inside the H4 level could have been taken. This is exaclty what we want to trade. Lower time frame levels inside of higher time frame levels. We want to see new lower time frame levels being created inside of higher time frame levels then trade them upon return to the new level. You may see levels between the ones I have drawn. If you zoom in to far and can't see the levels below and above you will get suckered into taking trades in the middle. Trade the outer edges...
  • #279
  • Aug 3, 2014 11:03am Aug 3, 2014 11:03am
Quoting Winston Reed
Interesting {image}
Hello WR nice thread you got here,as always your post has been informative right from PIE,james16 and RTM. i also got in a sell from there too very funny how fundamentals are always factored into price movement , bamm the news is out and there price goes into an engulf or away from it
All market movement are as a result of supply and demand
  • #280
  • Aug 3, 2014 8:31pm Aug 3, 2014 8:31pm
Second trade out of this demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5livetrade8314.png Size: 54 KB


This is the H4 zone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4zone8314.png Size: 56 KB
0 traders viewing now