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Engulfing Candle

GBPJPY 15M SCALPING US SESSION INSIDE CANDLE BREAKOUT STRATEGYINSIDE CANDLE STRATEGY What is an Inside Candle 1. Previous candle engulfs next candle. 2. 2nd candle high is lower that 1st engulfing candle. 3. 2nd candle low is higher than 1st engulfing candle. INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside Candle – Opposite Color 3. Enter Break of Engulfing Larger Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains breakouts and consolidation then this method is for you. This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look. On a daily chart it may take weeks for a consolidation pattern to form. An Inside candle represents a pause, consolidation or compression in the market after a big move. Often you will also see reduced volume on the inside candle. Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend. Enter a break of the larger engulfing candle in the direction of the break. Enter with a Stop Order a few pips above or below breakout level. Which trades you take is a matter of preference. Some like reversal trades or trend following trades. Scalping inside candle pattern doesn't matter what direction you may go. Trend following you will want to see this in context of a larger trend. Take all the trade setups and just shut down the ones that don't preform. Trade Management: Enter 2 trades Stop Loss is 1.5 x ATR for both trades First Take Profit is 1 x ATR for 1st trade 2nd trade there is no take profit. When 1st TP is hit move 2nd trades SL to breakeven. Let profit run on 2nd trade by following/trailing SL. If a candle closes back inside the larger engulfing candle close down trade. Watch for a setup for the next breakout.
Education
by Tradingstrategyguides
BTCUSD - Bullish patterns forming. Potential bottom?Even while bitcoin has been consistently dropping from one support level to the next, there are some bullish price action patterns that have been forming over the past week. Firstly, price is sitting on a critical support trend line on the log chart that goes all the way back to early 2015. Off of this key support level two large bullish engulfing bars have formed. We will need to see price push higher from these patterns and hold above the important $7,700 resistance to have any hope that a bottom is in. This market has a lot to prove but these bullish patterns are a good start.
BITSTAMP:BTCUSDLong
by krugman87
BTC Core Macro Continues Downward SlideExcited by the reaction off of that 6.4k touch, much of the crypto community has grown horns, and become bullish again. I understand it. I even hope(d) it was a nice strong reversal beginning. The Weekly tells a much more grim story. A) Chikou has been rejected by the cloud. B) Chikou has now traveled below price, as well as below T&K C) In late Oct we formed an Engulfing candle. So far we've only resolved it to the downside (arrow) Holding that yellow block is important for Bulls to keep their "Reversal" hopes alive. The "Never below 6k again" crowd will get their answer if/when we test that block. D) Look left......That Looooong.....Straight Cloud......Think it'll get a reaction? ::wink:: Bulls need to regain 7.3-7.5 to keep their hopes alive, imo. LHs LLs continue to be the reality. Perhaps we play an Edge-To-Edge on that Cloud, and tap 4.5k or so before making HL's and HH's ::wink::
COINBASE:BTCUSDShort
by mrjones2020
EURUSD 1H INSIDE CANDLE METHOD BREAKOUTINSIDE CANDLE STRATEGY What is an Inside Candle 1. Previous candle engulfs next candle. 2. 2nd candle high is lower that 1st candle. 3. 2nd candle low is higher than 1st candle. INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside Candle – Opposite Color 3. Enter Break of Engulfing Larger Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains breakouts and consolidation then this method is for you. This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look. On a daily chart it may take weeks for a consolidation pattern to form. Inside candle represents a pause, consolidation or compression in the market after a big move. Often you will also see reduced volume on the inside candle. Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend. Enter a break of the larger engulfing candle in the direction of the break. Enter with a Stop Order a few pips above or below breakout level. Which trades you take is a matter of preference. Some like reversal trades or trend following trades. Scalping in doesn't matter what direction you may go. Trend following you will want to see this in context of a larger trend. Take all the trade setups and just shut down the ones that don't preform. Trade Management: Enter 2 trades Stop Loss is 1.5 x ATR for both trades First Take Profit is 1 x ATR for 1st trade 2nd trade there is no take profit. When 1st TP is hit move 2nd trades SL to breakeven. Let profit run on 2nd trade by following/trailing SL. If a candle closes back inside the larger engulfing candle close down trade. Watch for a setup for the next breakout.
Education
by Tradingstrategyguides
100 point drop ahead?GMAB We are here again, fifth time we hit the upper band of the paralell ascending trend channel, the prior 4 times it made a spinning top and bearish engulfing before heading down. That's pretty much what we can see again, spinning top followed by bearish engulfing. GMAB, recently broke out of the big overhead resistance from the former triple top, which was formed in 2017. It would be likely that GMAB takes a breather after 8 weeks of green and a bit overextended. It could take a small dive and revisit 1485 and enjoy the view from the former top and bounce back from there.
OMXCOP:GMABShort
by UnknownUnicorn2034381
USDCAD Support and Resistance Trading StrategySTRATEGY: Support & Resistance Trading Strategy DETAILS Analysis TF: 4H/1D Focus TF: 1H SL: Just above Bearish Engulfing (0.5ATRC on 1H TF) AOV: Resistance Zone 1D Analysis MC: Sideways - Price bouncing inside Horizontal Support and Resistance 4H Analysis Price struggles to create a new High, forming a Bearish Engulfing (not yet closed - but it is a high momentum candlestick) 1H Analysis ET: Bearish Engulfing - Confirmed Bearish Engulfing occurred on 1H TF. Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF Note: This post is my personal journal/opinion only. Please trade at your own risk. #ExcellentTrade #BearishEngulfing #SupportandResistance #MovingAverage
Short
by jumpstartscript