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Simple, Non-subjective, Consistent, Effective

Hello guys,
Is anybody still trading this way? I must say that for me it is still working great with some tweaks.

I would love if this forum gets alive again!

Chrz
Hey Nasko,
It's good to to see you posting here again. I am still using this method, but I usually combine this with the weekly outlook to determine potentially entry areas (where I will look to engulfing signals). This week I finished with 200 pips total, so I'm loving it...

Bry.
This method, combined with S/R levels, is powerful stuff!

Bry
Quoting nasko
Hello guys, I keep receiving personal messages about my trading strategy. Thank you for all your messages and I am happy to respond to all of them. In the meantime, I do have a personal blog for trading price action and you can have a look if you are interested. It is very simple and is using mainly price action for longer-term trading set-ups. I don't post trading ideas every day, since I don't get that many signals. But once I get a good signal, I do post it on my blog. http://thetechnicalinvestor.blogspot.co.uk/ Again- it is really...
Hi Nasko:

I was trying to see how you have incorporated/modified this trading strategy. But the link of your blog doesn't work. Is there any new link or would you mind to expand here please.
Thanks,
FX_California
Hello guys,
Happy to see some more traders using it profitably. I hope that you will continue posting in the weeks ahead.
I have modified it slightly and use the 4H only for entry purposes, but to be honest with you, I do not want to
mess with this thread, since it is the original idea of another trader, while my strategy is really close, but not exactly
the same. To answer you FX_California, you can visit my website- colibritrader.com or PM me for more information.

Chrz,
Nasko
Traderbry,
I do also use S/R, but only from Daily/Weekly scales and sometimes incorporate Inside Bars and Pinbars from the
higher timeframes, but still looking for engulfing ONLY on 4H!
Quoting nasko
Traderbry, I do also use S/R, but only from Daily/Weekly scales and sometimes incorporate Inside Bars and Pinbars from the higher timeframes, but still looking for engulfing ONLY on 4H!
Nasko,

Lately price has been so predictable at weekly S/R that I have been tempted to enter pending order touch trades at those levels. I haven't been brave enough to try it yet, though. Have you heard of or considered such a method?
Quoting Traderbry
{quote} Nasko, Lately price has been so predictable at weekly S/R that I have been tempted to enter pending order touch trades at those levels. I haven't been brave enough to try it yet, though. Have you heard of or considered such a method?
Indeed, I have been entering at some trades using exactly the above-mentioned method! It really works well, but I should have
a few other parameters checked before I do that type of trades
Quoting nasko
{quote} Indeed, I have been entering at some trades using exactly the above-mentioned method! It really works well, but I should have a few other parameters checked before I do that type of trades
Nasko,

When you use the touch trade method, how do you set your SLs? That's been the major hurdle for me with trying that.

Bry
Quoting Traderbry
{quote} Nasko, When you use the touch trade method, how do you set your SLs? That's been the major hurdle for me with trying that. Bry
Hi Traderbry,
I will send you a personal message, because I do not want to change the original rules of Ap3 here.

Chrz,
Nasko
Does anyone know of an alert that can make a sound and place an arrow on the charts when a candle's body (not the wicks) engulfs an opposite previous candle? I know of at least 1 alert that does this for outside bars (also considered engulfing candles/bars), but I need only the candle/bar bodies to be in the alert's formula.

Thanks,

Bry
Not really- not really using alerts, since it is a daily candle and it just takes a few minutes after the close of the previous day to review. Otherwise, you can subscribe to my website and receive my trading ideas for free- I really do it for free . I do post mostly bullish/bearish engulfing and inside/pinbars. If you are curious about the
webpage, you can PM me, because I do not want to spam here.

Chrz,
Nasko
EJ +200 pips - the horizontal line is the identified S/R from the weekly chart. Once price dropped close to this line, I looked for an m5 or m15 engulf back in the direction of the weekly move...

Attached Image (click to enlarge)
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Quoting nasko
Hello guys, Happy to see some more traders using it profitably. I hope that you will continue posting in the weeks ahead. I have modified it slightly and use the 4H only for entry purposes, but to be honest with you, I do not want to mess with this thread, since it is the original idea of another trader, while my strategy is really close, but not exactly the same. To answer you FX_California, you can visit my website- colibritrader.com or PM me for more information. Chrz, Nasko
Hi Nasko,

are you a full time trader and using this strategy profitable on an live account?
Quoting Myrmica
{quote} Hi Nasko, are you a full time trader and using this strategy profitable on an live account?
Yes, I am, but I also do a few other things more as a hobby to be able to resist the temptation of over trading!
I believe that having your mind off the markets at times can be more beneficial than anything else at certain
moments. That is why I do have a website for trading ideas and other interesting articles and I do also do a lot
of sports... but to be honest with you, this strategy takes some time to master and some experience...
Hope that helps
Hey nasko, are you still trading the system? I have been testing it and wanna start trading it live. Would love for this thread to start getting active again.
Quoting mforex08
Hey nasko, are you still trading the system? I have been testing it and wanna start trading it live. Would love for this thread to start getting active again.
Hey mforex08- yes I am still trading it. Did you start trading it?
I have done some modifications, but I believe it would be still profitable even without my modifications.
To anyone who is still visiting this thread, I am planning to begin sharing my trades and thoughts on what I see in the charts using this method of trading...

While I have read this thread multiple times and also related threads by 60minuteman, I have not been the most disciplined when it comes to waiting for convincing h4 engulfs before placing trades. Only later have I admitted to myself that I should not have entered this or that trade - even when they have occasionally worked out. I am hoping that by exposing my trades to the scrutiny of this thread, I will force myself to be more judicious in choosing my entries. I would much rather be wrong because of the market than because of my lack of discipline and patience...

I have bounced back and forth between entering every h4 engulf (as long as it's not too long of a candle) and only entering engulfs that line up with recent weekly engulfs. The former can lead to more losses each week before hitting on a winner, the latter can lead to fewer trade entries each week and could possibly cause some weeks without trading (in the instance of lengthy weekly trend moves). My other back & forth has been concerning trade mgmt - sometimes I have hung on for 200 pips or more and other times I have chosen 50-pip or 100-pip TPs (usually after having a nice movement suddenly reverse). I have several spreadsheets that I'm sure you all have seen that show how well an account can grow with wins averaging 50 pips per week, etc. I STRONGLY BELIEVE that this is possible using an engulf strategy. I have seen too many moves that begin each week with engulfing candles.

My other problem is that since I am in the US, my ability to take all potential engulfs is severely restricted by margin regulations. I can't tell you how many times I have seen several engulfing candles, and chosen a pair to enter only to find out later that I chose the wrong currency pair - and the other pairs all moved in what would've been my favor had I chose them instead! 😤😤😡😡
Quoting Traderbry
To anyone who is still visiting this thread, I am planning to begin sharing my trades and thoughts on what I see in the charts using this method of trading... While I have read this thread multiple times and also related threads by 60minuteman, I have not been the most disciplined when it comes to waiting for convincing h4 engulfs before placing trades. Only later have I admitted to myself that I should not have entered this or that trade - even when they have occasionally worked out. I am hoping that by exposing my trades to the scrutiny of this...
I see the value of this thread.. Anyone trade based on this? Could we reactive this thread?
Quoting nasko
{quote} Hey mforex08- yes I am still trading it. Did you start trading it? I have done some modifications, but I believe it would be still profitable even without my modifications.
Hi nasko, let's share more for this strategy.. thanks.
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