waiting for short entry…
USDSGD Daily
GBPAUD Daily
Hi Danielvs,
I am not sure if you are looking for a long trade here or short. Regardles there seem to be no engulfing bar whatsoever on usd/chf. That said there was a neat 8h bueb on eur/usd that would have been a good choice to trade.
Best
It was this bar I talking about, clearify, isnt this an engulf?
I think going long here but it isnt closed yet so I wait and see
If it closes as it is it would be an engulfing bar in theory but not in symmetry. To elaborate futher on this take a look at these links below;
This is a link to a post where ‘pipsahoy’ posted an engulfing bar very similar to yours, please read the couple of posts after it as it gets explained in more detail by peeps why it looks more like an indecision candle: Post about EB
This post is by johnathon himself and puts a rather quantitative method on the table how to gauge the proportion of a good looking EB: Johno’s Post
That should do.
Best
Yes it engulfs but look at the close of the wick (if it closed like that) would be rubbish. This is not really occurring at a decent pullback either. There is not much to like about this trade I am afraid.
Hi Danielvs,
engulfing bar is one of signal to enter the trade, but its not means we trade all of engulfing bar, the is no clear momentum of this bar on your chart, also the bars was stacked in trafic on the left, no room to move, aslo this bar have strong reject at resistance 0.8850, i my self, never trade such as this bar.
I have the exact same levels marked. I am hoping something decent occurs on the USD/SGD I have enjoyed trading that pair in the past.
Oki thanks for your answers, helps a lot 
Sell stop on USDSGD based on 2 bar reversal on H4.
Move to BE at FTA 1.254
TP1: 1.2510 TP2: 1.2460
Sell stop on USDSGD based on 2 bar reversal on H4.
Move to BE at FTA 1.254
TP1: 1.2510 TP2: 1.2460
10 pip to be ?? I like to move to BE buy 10 pip is nothing , also count spread too .
I won’t move to be , I will shorter my stop but I won’t move to BE
[quote=“abc2005,post:18810,topic:41718”]
Any thought how to shorter the stop on this pair? still learning here. thanks
[quote=“abc2005,post:18810,topic:41718”]
Any thought how to shorter the stop on this pair? still learning here. thanks…
Anyone have an opinion on this? Up trend with trigger on S/R, but the bearish candles makes me doubtful.
Anyone have an opinion on this? Up trend with trigger on S/R, but the bearish candles makes me doubtful.
It looks like price broke out of your resistance and is retesting the area with a pinbar. Strategically that is a neat scenario. But at the moment I do not have access to this chart to evaluate more than that.
hope that helps.
Best
Looking at Daily a BEEB is forming on a swing high and the long term trend is down.Ofc could be a rebound but i would look for shorts
Looking at Daily a BEEB is forming on a swing high and the long term trend is down.Ofc could be a rebound but i would look for shorts
I am not sure if it still relevant, but if it happened in the past it can happen in the future !
Please read this , as to why you should better avoid EURCHF :