Confirmed engulfing candle, short set up on the open. Target shown on the chart. risk 1 to 1. last 4 have been successful so probably due a loser. The strategy works over the long run if every trade taken so I will see how many can be won in a row.
These setups are not text book engulfing candles with the body of the engulfing candle covering the previous candles trading range. im just looking at the open and closing price and projecting a move from this. It has been a strategy that ive been profitable with and now running. Being a 1 to 1 risk it requires more winning than losing trades to be profitable and this has been the case in recent time. Has been very successful on the GER30, ill post this run of trades on the next signal.