Disliked{quote} Sorry ill change my question.. when u considering engulfing candle, do u include the wick or body only?Ignored
I try to be selective. If a body is small with long upper and lower wicks that engulf the previous bar, I would not take a chance. If I see a whole body engulf the whole body of the previous candle, it is a bonus. No need to see whether the wicks cover the previous bar or not. I also do not take engulfing that has very long body, eg the GBP that drops like crazy last Friday or Thursday. Its also affects your R:R if you take that trade.