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Engulfing day trading strategy

saranga, Fri Aug 04, 2017 5:30 am

Method 1 (short)
1. System is based on D1 Candles
2. Identify bearish engulfing reversal candle. (Entry is during next D1 period)
3.Wait for next D1 candle to retrace above the low or close of the previous candle. .
4. Place short stop order at Low or Close of previous candle.

Method 2 (short)
1. System is based on D1 Candles.
2. Identify engulfing reversal candle. (Entry is during next D1 period)
3. Place a short limit order at Low or Close of previous candle.

Method 3 (short)
1. System is based on D1 Candles.
2. Identify engulfing reversal candle. (Entry is during next D1 period)
3. Enter at the time that you feel is right in the direction of the engulfing candle
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