Went to Simons presentation today. As usual, excellent presentation !.Three trading systems presented very simply to trade very simply.Good news from Simon, Intraday charts(5 min , 15 min....and all the indicators now on EASYTRADER !
hi the engulfing candle applies to forex, but be warned you may have to wait weeks maybe even months for a engulfing candle they donot appear frequently. i am using the engulfing method plus ninjas methods all in 1. plus developing my own scalping methods on the 5 mins charts using some of simon`s methods but my method requires the trader to be glued to the screen while trade is open. i am still developing it will keep you updated. I using moving averages on the 5mins eurusd gbpusd and trying it on the silver spot price. try to keep the charts uncluttered and simple.
i have been lookingout for the engulfing candles since the seminar and have found nothing yet i am in front of the computer most of the day. i think you could find them on any chart, i also think they are more likely to appear on charts where there is lots of liquidity. i back tested the engulfing candles on the eurusd i think it was the 15min graph and did find the candles you looking for and they did prove to be succesfull trades. i keep this page open whilst trading http://www.babypips.com/school/japanese-candlesticks-cheat-sheet.html it has the some candles and if you`r looking at candles when trading then it helps. goodluck
Please help - Using easytrader - Trying to add 21 MA to determine the trend on a 15min time frame but it gives error invalid periods. Do MA's based on the 1 min time frame to determine trend for Simon Engulfing Candle Trading Method?