How to Trade With Cookie's A.I. Engulfing ScreenerIn this video, I break down how to use **Cookie's Engulfing Band Screener**, a powerful tool designed to filter out false engulfing signals and improve trading accuracy.
🚀 **How It Works:**
✔️ **Trade signals inside the band are false.**
✔️ **Valid trade signals occur when price breaks or touches the upper/lower band.**
✔️ **Sell Entry** – When price touches or breaks above the upper band.
✔️ **Buy Entry** – When price touches or breaks below the lower band.
✔️ If price re-enters the band after breaking out, another entry signal is triggered.
🎯 **Key Features:**
✅ Works on any timeframe
✅ Automatically places buy/sell labels at the right spots
✅ Alerts for trade entries so you never miss an opportunity
✅ Helps you avoid bad trades and focus on high-probability setups
🔥 **Why Use This?**
I've found this to be extremely effective in improving my trading accuracy, cutting out noise, and refining my entries. If you're looking for a simple yet powerful way to trade engulfing patterns with confidence, this is for you!
📈 **Watch the full breakdown and start trading smarter today!**
🔔 **Don't forget to like, comment, and subscribe for more trading strategies!**
Highwinrate
USDJPY short opportunity...ish?Price conveyed a strong downtrend, then it created a pennant, which is a continuation pattern.
And if you look at a greater picture, you'd see that price created lower lows, and it was far from reaching the previous high.
SL is crucial for this trade. Since it's a pre-market trade, the pips spread can widen at the start of the trading week. USDJPY's spread is currently sitting at 10 pips, which is why I moved my SL 10 pips further than intended.
As for the TP, then I first copied and pasted the vertical line that showed the height of the previous downtrend, matched it with the recent reversal pattern, and there goes my TP.
The lowest low that the price made recently kind of matches my TP zone.
Price hasn't tested any levels near that low yet, I think this is a potential Area of Liquidity.
So the market can be very tempted to reach that level, I'd be fine if it is my TP.
It's nighttime guys, I'll go to bed in just a sec, so bye!