This article was first published on Tradeciety Online Trading.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

 

Video Transcript

 

(00:00):

After my last video, there was a lot of interest in the engulfing pin bar trading strategy. So, let’s take a look at a few examples and let me explain in-depth how to use the engulfing pin bars strategy.

(00:25):

So, as I said in the last video, probably most traders know to engulfing candle, which means that you have a very large candle that completely engulfs the previous one.

Many traders will know the pin bar, which means that you’re looking at a candlestick with a very long wick.

But we can combine those two candlesticks to generate a more powerful and more robust trading approach. So, we are looking for pinbar-engulfing bars. And you can see here in this example we have a pin bar here, we have a pin bar here. But it wasn’t really until we had this engulfing pin bar that the market really took off. You can see we have the components of the pin bar with a long wick and a close into the opposite direction away from the cand...


--
To keep reading this article, please navigate to: Tradeciety Online Trading.