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  1. #1
    Veteran Member randy1953's Avatar

    Candlestick Engulfing Strategy !!!

    Ok all you pros out there asking for a bit of advise. Currently I trade using Spotoption and unfortunately the other broker I'm going with will also be SpotOption. I wish I could use another quicker platform but that's just how it is.
    I would really like to play with this Candlestick Engulfing Strategy. Do you know of any stand alone programs not a MT4 but something not so heavy that I can use so I could have a window just to view the candlesticks on my pair side by side my spotOption to do the trades on?


    Okay I found a program called Traders-Hideout that has a nice chart with candlesticks. I'm a newbie here how important is the overlay I can have a low 50 up t0 400 I think. At 50 it makes the candles short and fat at 100 it seems pretty good but have no idea it's function.

    Well the problem with this is having 2 differnt windows it's not fast enough for me on 60 second trades I need to be able to put the trade in on the same screen.
    Last edited by randy1953; 07-23-2015 at 01:31 AM.

  2. Thanks khyangg thanked this post
  3. #2
    Specialist Member Million Dollar Baby's Avatar
    Quote Originally Posted by randy1953 View Post
    Ok all you pros out there asking for a bit of advise. Currently I trade using Spotoption and unfortunately the other broker I'm going with will also be SpotOption. I wish I could use another quicker platform but that's just how it is.
    I would really like to play with this Candlestick Engulfing Strategy. Do you know of any stand alone programs not a MT4 but something not so heavy that I can use so I could have a window just to view the candlesticks on my pair side by side my spotOption to do the trades on?


    Okay I found a program called Traders-Hideout that has a nice chart with candlesticks. I'm a newbie here how important is the overlay I can have a low 50 up t0 400 I think. At 50 it makes the candles short and fat at 100 it seems pretty good but have no idea it's function.

    Well the problem with this is having 2 differnt windows it's not fast enough for me on 60 second trades I need to be able to put the trade in on the same screen.
    Not a PRO but I have been using Candlestick patterns for a long time.

    So this is one of candlestick engulfing strategy..
    http://forums.binaryoptionsthatsuck....or-BO-Traders)

    What is 50 to 400? price range of asset on a chart?

  4. #3
    Veteran Member randy1953's Avatar
    Quote Originally Posted by Million Dollar Baby View Post
    Not a PRO but I have been using Candlestick patterns for a long time.

    So this is one of candlestick engulfing strategy..
    http://forums.binaryoptionsthatsuck....or-BO-Traders)

    What is 50 to 400? price range of asset on a chart?
    Oh it's not the price it's a feature to select mover overlays on the chart.

  5. #4
    Specialist Member Million Dollar Baby's Avatar
    Quote Originally Posted by randy1953 View Post
    Oh it's not the price it's a feature to select mover overlays on the chart.
    Please post a couple of charts that you setup.

  6. #5
    Legendry Member Michael Hodges's Avatar
    engulfing is a good signal, but like all signals it can occur anywhere based on day to day news/events etc. It only has power when it occurs on or at support/resistance levels and in conjunction with other signal/analysis. being able to recognize it is key, but only trading that one signal could mean waiting day, weeks or months for a signal to form.

  7. Thanks Ronnel thanked this post
  8. #6
    Rookie Member bindering's Avatar
    good strategy.

  9. #7
    Junior Member
    bullish and bearish engulfing are also good for supply and demand .

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