Profitable Intraday Trading Strategy: Engulfing Pattern + RSI + EMA

Рет қаралды 31,618

Күн бұрын

In today's video, I tried to show you an intraday strategy that you can use while trading small timeframes. I hope you will enjoy it #rsi #engulfingpattern #ema #daytradingstrategy
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Пікірлер: 68

@financial3836 Жыл бұрын

Great video. One possible improvement might be to avoid long positions if the rsi goes over 80; or short positions if rsi goes below 20. I would also be interested to see if 70/30 would make much of a difference compared to 80/20 when avoiding over bought and oversold spots.

@amirmoezi8316 3 жыл бұрын

Thanks a million for your invaluable content.. it is amazing

@MohsinKhan-lq6wu 3 жыл бұрын

Thank you for sharing. Always waiting for your new videos with amazing strategies.

@TradingJournal1 3 жыл бұрын

Glad you like them!

@annr810 Жыл бұрын

Great video.. thank you very much Sir🙏

@abid0088 3 жыл бұрын

Very informative , Thank you very much , thumbs up 👍 👍👍 And subscribed

@TradingJournal1 3 жыл бұрын

Welcome! Thanks for the sub!

@swarnava21 Жыл бұрын

Thanks a lot for your video, I am looking how to trade CFDs

@luthergorkova737 3 жыл бұрын

Missed your trading strategy videos 💖

@TradingJournal1 3 жыл бұрын

More to come!

@info_chris Жыл бұрын

I have a question about butterfly spreads and volatility trades. Would love to hear back from you. Thanks.

@jozeftkac7859 2 жыл бұрын

Isnt good to look fór engulfing candle maybe on bullish after minimum 3red candles ? And in bearish after minimum 3 Green candles ? Ofc with 200ema conditions .

@Anandh02 3 жыл бұрын

Thanks for sharing this video.Very much informative. Even though i selected like you said, I couldn't able to see the bearish or bulling long bars like you shown in the video. It doesn't appear for me. Is these engulfing indicators are free in trading view or paid one?

@TradingJournal1 3 жыл бұрын

Yes, they are free but you can also find them yourself

@nsh3652 2 жыл бұрын

Thank you very much What percentage of risk do you think we should consider for each scalp?

@TradingJournal1 2 жыл бұрын

You're welcome. Well if you are new to trading not more than 1% and not more than 2.5% if you are experienced

@shardulganvir619 3 жыл бұрын

Thank you Sir. What is the use of applying candlestick pattern indicator when we r not using it?

@TradingJournal1 3 жыл бұрын

You're welcome! Well we use patterns in this strategy.

@ItsMeHaider 3 жыл бұрын

Kindly make a video on trading view screener... How to choose a coin to trade in 5m timeframe

@TradingJournal1 3 жыл бұрын

Will do! But you may find answer to your question in this video also :)

@futurezone2020 3 жыл бұрын

Thanks for this great video. You believe that the use of RSI is as a trending zone, bullish over 50, bearish under 50. Not just as overbought and oversold area?

@TradingJournal1 3 жыл бұрын

You're welcome. Yes, it can be used depending on situation

@tasos2794 3 жыл бұрын

Thank you very much! I'll backtest it and share the results! What winning ratio approximately should I expect with a 2:1 R/R?

@TradingJournal1 3 жыл бұрын

Glad you like it! You should expect around %40 with 2:1 R/R

@monishkumar8910 3 жыл бұрын

Hey!! Have you back tested the strategy ? If yes, can you pls share the results. Thank you.

@pablogrinstein9352 3 ай бұрын

If not shown, likely because channel owner didn’t like the results? ;)

@DonaMona857 2 жыл бұрын

I have same trading platfom like you but I miss a lot of buttons there you showing. :/

@safimansoor2727 2 жыл бұрын

Can i use 30minutes time frame? Or 1 hour is must for this strategy?

@saimanojkumar55 3 жыл бұрын

Do a more and more videos about intraday trading

@TradingJournal1 3 жыл бұрын

Thanks! I try to do, but I have been super busy recently.

@saimanojkumar55 3 жыл бұрын

@@TradingJournal1 thanks for u'r your efforts towards educating us by doing such a extraordinary content videos.. thanks a lot

@mehedihasan-uz4fc 2 жыл бұрын

can you tell me please which trading platform you use?

@TradingJournal1 2 жыл бұрын

For TA, I use tradingview. I use different brokers depending on the instrument I trade

@merapan1755 3 жыл бұрын

I m using this pattern with support of MACD histogram but getting low accuracy how to increase accuracy please replay me🙏

@TradingJournal1 3 жыл бұрын

Try using RSI instead of MACD

@merapan1755 3 жыл бұрын

@@TradingJournal1 🙏

@evangelineyuzon7481 2 жыл бұрын

Hi good evening my friend

@TradingJournal1 2 жыл бұрын

Morning

@maheshnaagar7853 3 жыл бұрын

Can you make algo for above strategy

@TradingJournal1 3 жыл бұрын

It is possible in theory, but I am not an expert on algo trading :)

@manicmike8585 2 жыл бұрын

200 period is the same thing as 200 day right? If so, isn't 200 days way too long for intraday trading?

@kanhisingh3461 2 жыл бұрын

200days if u r using 1day timeframe

@blackwolfinn7879 Жыл бұрын

Its not 200 day, its 200 candle 😅

@evangelineyuzon7481 2 жыл бұрын

Hi good evening my friend yes video today see share me now Thank you God bless protect All 💞💞💞 🙏🙏🙏

@TradingJournal1 2 жыл бұрын

I didn't understand what you want really but I am glad you are hapy

@RadiantPineappleSkincare 3 жыл бұрын

Can you do a trading strategy on options.

@TradingJournal1 3 жыл бұрын

I don't trade options that much, so I don't consider myself experienced. But usually, the strategies I share, work on most of the markets!

@violetevergarden9982 3 жыл бұрын

How to download the engulfing indicator

@TradingJournal1 3 жыл бұрын

It is already inside the tradingview platform

@ivanjuliana3083 3 жыл бұрын

What is application?

@TradingJournal1 3 жыл бұрын

Tradingview

@H-K01 2 жыл бұрын

You can’t make so much money’s with this strategy, because the price does not increase that much, can anybody please explain me how much moneys the target is, if you use this strategy, is it just some few dollars?

@TradingJournal1 2 жыл бұрын

Depends on the leverage you use! N one can tell you the profit margin without knowing your portfolio

@domishqipe425 3 жыл бұрын

What was the win rate?

@TradingJournal1 3 жыл бұрын

Around %40

@denizpakkan1979 3 жыл бұрын

can I use on daily chart?

@TradingJournal1 3 жыл бұрын

Yes but only after you backtest it

@denizpakkan1979 3 жыл бұрын

@@TradingJournal1 Thank you Sir

@navketan1965 Жыл бұрын

When trading with fractals, should trader flip charts, 15M, 1H,4H,D1, all at once & see where support & resistance IS as shown by fractals on each frame--and if if it fits close to top/bottom of daily ADR, take that trade. Now 15M fractal level may not be robust(strength wise) enough--but 1H fractal is because to form 1H fractal, market could not penetrate THAT LEVEL IN 5 CANDLES WHICH IS 5 HOURS--and that is lot of data(strength).AND fractal on 1H chart is not just one man talking but line (support/resistance) drawn by millions of traders in those 5 hours. Just act on 1H fractal--and trade be in the direction of 4H/daily trend. I seek your wisdom ?