If you analyze on 1 minutes time frame your Expiry is 60 seconds
5 minutes time frame=====>5 Minutes Expiry
15 minutes TF===========> 15 Minutes Expiry
30 minutes TF===========> 30 Minutes Expiry
60 minutes TF===========> 60 Minutes Expiry
you can trade any time if yo are using candlestick formations to analyze your trades so far all the criteria are met The engulfing pattern is a major reversal signal(Bullish or Bearish Engulfing pattern) with two opposite color real bodies composing the pattern.
According to Steve Nieson, for a perfect engulfing pattern to occur it must meet three criteria
1. The market as to be in a clearly definable uptrend or downtrend that's why in my own version of trading bullish or bearish engulfing pattern i must see at least 3 or more consecutive bullish or bearish move before the engulfing formations.
2.Two Candlesticks comprise the engulfing pattern. The second real body must engulf the prior real body (it need not engulf the shadows)
3.The second real body of the engulfing pattern should be the opposite color of the first real body.
NOTE.If above criteria are not met please don't pull the trigger.
To make myself clear on the 3 criteria mentioned above,find attached a screenshot that summarize all the criteria.
USE 5 MINUTES TIME FRAME FOR ANALYSIS AND 5 MINUTES FOR EXPIRY
5 minutes time frame=====>5 Minutes Expiry
15 minutes TF===========> 15 Minutes Expiry
30 minutes TF===========> 30 Minutes Expiry
60 minutes TF===========> 60 Minutes Expiry
you can trade any time if yo are using candlestick formations to analyze your trades so far all the criteria are met The engulfing pattern is a major reversal signal(Bullish or Bearish Engulfing pattern) with two opposite color real bodies composing the pattern.
According to Steve Nieson, for a perfect engulfing pattern to occur it must meet three criteria
1. The market as to be in a clearly definable uptrend or downtrend that's why in my own version of trading bullish or bearish engulfing pattern i must see at least 3 or more consecutive bullish or bearish move before the engulfing formations.
2.Two Candlesticks comprise the engulfing pattern. The second real body must engulf the prior real body (it need not engulf the shadows)
3.The second real body of the engulfing pattern should be the opposite color of the first real body.
NOTE.If above criteria are not met please don't pull the trigger.
To make myself clear on the 3 criteria mentioned above,find attached a screenshot that summarize all the criteria.
USE 5 MINUTES TIME FRAME FOR ANALYSIS AND 5 MINUTES FOR EXPIRY
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