Hi,
Is there any profitable engulfing strategy that is working with sl and tp.
There is no strategy for retail traders without SL or TP. Else it's not a strategy.
Engulfing is a candle pattern, and it can be part of a strategy that's successful.
Order Blocks are more and more common, and they are also including engulfing pattern.
So that could be used as part of a strategy.
Dominik Christian Egert #:
I said with a sl and tp.
There is no strategy for retail traders without SL or TP. Else it's not a strategy.
Engulfing is a candle pattern, and it can be part of a strategy that's successful.
Order Blocks are more and more common, and they are also including engulfing pattern.
So that could be used as part of a strategy.
I just commented on that.
As said, engulfing is just a candle pattern, a simple one on top, composed of two candles.
A candle pattern is not a strategy. You need much more than a pattern composed from two candles.
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