TRADING TIPS: Without a balanced price, there cannot be healthy price action. It is the same with real-life shopping. Which imbalance is going to be filled? We do not care about that. We only care, about how it reacts after it is filled! (Micro MSB).
TRADING TIPS: Trading is a subjective profession. One trader sees a LONG, one another sees a SHORT. Every trader has different methods to identify OB, MSB, and BB with the different candlesticks. It is like RSI, what is the oversold 5,10,15,20,30? All subjective. So you should watch everyone, read every document, do not stick with me, and reach all different knowledge that you can.
TRADING TIPS: Is Weak MSB/BOS Valid? Theoretically, yes. However, it reduces your success rate. Do I use it? Sometimes, if see multiple other confirmations. Do I like it? Not at all. Because it may turn to SFP (Swing Failure Pattern)
TRADING TIPS: You should keep checking S/R Flips (Support/Resistance or Supply/Demand Flips). These are great key levels and extra confirmations for your entries.
TRADING TIPS: Imbalances could be fully filled and move out of boundaries, or just fully filled, or even partially filled before reactions. It is best to confirm at least a little tap before entries or find micro MSB in low-time frames. There are always imbalances that you do not see that could be filling 1 min or 1 week.
It’s a good time to level up your trading game and save your shrinking bank account.
In this video, we’ll talk about How to Trade Bullish Engulfing Patterns. The Bullish Engulfing Pattern is one of the most used candlestick patterns in the world.
It’s very easy to use and trade and the results are great. I’ll be teaching the basics of trading this pattern, where and when to use it with wonderful examples.
I hope at the end of the video, you’ll be using the bullish engulfing pattern in your trading strategies effectively.