Engulfing Candles Archives - FXMasterCourse

March 1, 2016 by Corvin Codirla 1 Comment

Bullish & Bearish Engulfing Bars (Part III)

This is the third article in the series on trading the Bullish and Bearish Engulfing candle stick patterns. Following on from Part I and Part II, we will look at trading the short signals for AUDUSD, EURUSD, GBPUSD, USDJPY, and USDCAD. Let’s recap the results for the long side: We used hourly rolling bars to […]

February 23, 2016 by Corvin Codirla Leave a Comment

Bullish & Bearish Engulfing Bars (Part II)

This is the second article in the series of trading the Bullish and Bearish Engulfing candle stick patterns. Following on from Part I, we will actually perform some backtests using the results we found in Part I. In Part I, we split up the analysis for long and short trades separately. Here we will keep […]

February 16, 2016 by Corvin Codirla 3 Comments

Bullish & Bearish Engulfing Bars (Part I)

Many people ask if there are any particular technical setups that I like to look at and what the best way to trade them is. My all-time favorite heavily involves Support and Resistance levels, and using these as breakout levels. The art lies in finding them and then managing trades appropriately. In this article we’ll […]

Market timing refers to the fact that by judiciously choosing entry and exit methods in a given market you can out-perform buy-and-hold. The first question of course is why you should buy-and-hold in the first place. The idea stems from the equity markets. Historically they have risen. The famous chart of course is the S&P 500 over the last 65 years:
S&P 500 since 1965
So why should this happen? Economic reasoning is behind this argument. Long term macro and micro economic gro…

Market Timing

In previous articles I’ve written about the idea of Kelly betting or using leverage to really boost the growth of your returns. I’ve also shown how different fundamental components work together to create an FX Benchmark index. This article is slightly different. I want to keep it KISS: “Keep It Simple Stupid.” I will show you how to combine several instruments (three in actuality), which will create a Hedge Fund Benchmark. And then we apply leverage to this index, and see wha…

Money Growth: Trade it Like a Hedge Fund

As discussed in the articles on Bullish and Bearish Engulfing Bars, this indicator highlights the bars, and allows you to implement those trading strategies. The only input is an offset as to where to put the arrows indicating the bars in pips. This is best placed on an hourly chart. The indicator will loot at the previous 8 bars, and check to see if the first group of four hourly bars engulfs the previous four hourly bars. This is then rolled over with every new hourly bar.

Bullish and Bearish Engulfing Bars