Another failed engulfing USDCHF. See chart
You can see next to the failed engulfing is one that I took in. The bullish engulfing followed by confirmation and reached fibo 200. So my point is
do not take engulfing that has no confirmation. There are so many that has so why take the risk.
From yesterday test it is 94 wins and 21 loss out of just 4 pairs that is about 20% losses and 80% wins estimated? If that is the case out of 10 trades you will lose only 2. Set and forget and let it run till fibo 200.
Backested usdchf from may 1 till today
RESULT
WIN 21 LOSS 3
You can see next to the failed engulfing is one that I took in. The bullish engulfing followed by confirmation and reached fibo 200. So my point is
do not take engulfing that has no confirmation. There are so many that has so why take the risk.
From yesterday test it is 94 wins and 21 loss out of just 4 pairs that is about 20% losses and 80% wins estimated? If that is the case out of 10 trades you will lose only 2. Set and forget and let it run till fibo 200.
Backested usdchf from may 1 till today
RESULT
WIN 21 LOSS 3