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Engulfingcandlesticktradingstrategy 180703043715

This document discusses the bullish and bearish engulfing candlestick patterns. It provides steps for trading these patterns: 1. Determine the major daily trend and look for engulfing patterns in the 4-hour timeframe. 2. For bullish engulfing, the close of the second candle must break above the high of the first candle, signaling a potential buy. 3. For bearish engulfing, the close of the second candle must break below the low of the first candle, signaling a potential sell. It recommends entering when the engulfing pattern is complete, setting a 60 pip take profit target double the risk, and a stop loss at the opposite engulf

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Aaron Alibi
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
458 views20 pages

Engulfingcandlesticktradingstrategy 180703043715

This document discusses the bullish and bearish engulfing candlestick patterns. It provides steps for trading these patterns: 1. Determine the major daily trend and look for engulfing patterns in the 4-hour timeframe. 2. For bullish engulfing, the close of the second candle must break above the high of the first candle, signaling a potential buy. 3. For bearish engulfing, the close of the second candle must break below the low of the first candle, signaling a potential sell. It recommends entering when the engulfing pattern is complete, setting a 60 pip take profit target double the risk, and a stop loss at the opposite engulf

Uploaded by

Aaron Alibi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Engulfing
Candlestick
high high

close open

open close

low low

Open, High, Low Close


Candlestick information that need to
know in each candlestick
high

Close
high

low

Bullish Engulfing
The high first candle must be break by
the close second candle
high

high

low

Close

low

Bearish Engulfing
Low of the first candle must be break
by the close second candle.
Step To Trade
Engulfing Candlestick

1. Determine the major trend in


daily candlestick.
2. Find the Engulfing Candlestick in
H4 time frame.
Know
Market Trending
Close
Break High

high Mindset Buy

1 : Open D1 Chart
2. Yesterday Candle
high/low break by
Yesterday
close candle
Candle 3. Look for BUY
opportunity
Bullish
Close
Engulfing
Break High
Signal
high

Bullish Engulfing
Minset is BUY, Look for Bullish
Engulfing in H4
Yesterday
high Candle

high

Break Low
Mindset Sell
1 : Open D1 Chart
low 2. Yesterday Candle
high/low break by
Close
close candle
low
3. Look for SELL
opportunity
Bearish
Engulfing
Signal

Downtrend

Bearish Engulfing
Mindset is SELL, Find bearish
Engulfing Signal In H4,
Engulfing Entry
setup
Target Profits

60pips
1:2

Entry when
Bullish Buy
Engulfing is
completed.
Target Profit
double from
reward Stop Loss
Stop Loss

Sell

Entry when
Bearish
Engulfing is 60pips
completed. 1:2
Target Profit
double from
reward Target Profits
Target Profits

60pips
1:2

Set Limit Order


Buy
at HIGH first
candle.
Target Profits
Will be double
Stop Loss
from the risk
Stop Loss

Sell

Set Limit Order


at LOW first 60pips (min)
candle.
Target Profits
Will be double
from the risk Target Profits
See how you can grow your money
from 100usd to 11,883usd with only
40pips per day with 3% risk of your
money.

Click Here
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visit

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