Candlestick Charting - Vol 14 - Bullish Engulfing Pattern

http://www.YourTradingCoach.com - Candlestick Charting Volume 14 - The Bullish Engulfing Pattern

Category:

Howto & Style

Tags:

• trading
• candlestick
• charting
• analysis
• bullish
• engulfing
• pattern

[stockatlas101]

excellent video

[YourTradingCoach]

@stockatlas101

Thanks stockatlas101! I'm glad to hear you enjoyed the candlestick video series! Cheers,

Lance

[n33dw33d3333]

gread video, where is the take profit??

[YourTradingCoach]

@n33dw33d3333

Thanks for your comment. Candlestick patterns are simply an indication of a short-term change in supply/demand. As such, they're great at providing an entry trigger, when that trigger is placed in the context of background price action. They don't provide a target. Your target will be dependent on your strategy. In my case, it's simply the next few S/R levels, as these provide potential sources of orderflow to oppose your trade.

Cheers,

YourTradingCoach

[bobbymak880]

Thank you.  Very helpful!

[trikhakapila]

thnx:)...i knw & its overwhelming!Wanted ur feed back. thnx again.

[YourTradingCoach]

Hey trikhakapila,

I can't recommend any book for fib. It's not a tool I've ever really used.

I imagine there's sufficient info online though.

Cheers,

Lance

[trikhakapila]

Yups!..which book do u suggest fr fibonacci... i`m in kindy:)

[YourTradingCoach]

Hi trikhakapila,

You've had a busy couple of days, getting through all these Candlestick videos. :-)

I'm glad you've enjoyed them.

All the best with your trading,

Lance.

[trikhakapila]

thnx :)....because of u ...candles r making sense!!!(i`m additing and developing candles in my dreams)...read abut u on ur site ....kudos!!fr ur work here...i`m ur fan:)...