Profitable Intraday Trading Strategy: Engulfing Pattern + RSI + EMA

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  • Опубликовано: 14 май 2024
  • 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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Комментарии • 69

  • @amirmoezi8316
    @amirmoezi8316 2 года назад +4

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

  • @financial3836
    @financial3836 Год назад +4

    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.

  • @MohsinKhan-lq6wu
    @MohsinKhan-lq6wu 3 года назад +1

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

  • @annr810
    @annr810 Год назад

    Great video.. thank you very much Sir🙏

  • @swarnava21
    @swarnava21 Год назад +1

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

  • @abid0088
    @abid0088 3 года назад

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

  • @info_chris
    @info_chris Год назад

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

  • @luthergorkova737
    @luthergorkova737 3 года назад +2

    Missed your trading strategy videos 💖

  • @jozeftkac7859
    @jozeftkac7859 2 года назад

    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
    @Anandh02 2 года назад +2

    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
      @TradingJournal1  2 года назад

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

  • @nsh3652
    @nsh3652 2 года назад +1

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

    • @TradingJournal1
      @TradingJournal1  2 года назад

      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
    @shardulganvir619 2 года назад

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

    • @TradingJournal1
      @TradingJournal1  2 года назад

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

  • @safimansoor2727
    @safimansoor2727 2 года назад

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

  • @ItsMeHaider
    @ItsMeHaider 3 года назад +2

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

    • @TradingJournal1
      @TradingJournal1  3 года назад

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

  • @futurezone2020
    @futurezone2020 3 года назад

    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
      @TradingJournal1  3 года назад

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

  • @tasos2794
    @tasos2794 3 года назад +1

    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
      @TradingJournal1  3 года назад +1

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

    • @monishkumar8910
      @monishkumar8910 2 года назад +3

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

    • @jampakiran5577
      @jampakiran5577 Месяц назад

      Hi,. What happened.. have you done back test ??

    • @pablogrinstein9352
      @pablogrinstein9352 Месяц назад

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

  • @saimanojkumar55
    @saimanojkumar55 3 года назад +3

    Do a more and more videos about intraday trading

    • @TradingJournal1
      @TradingJournal1  3 года назад +1

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

    • @saimanojkumar55
      @saimanojkumar55 3 года назад

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

  • @DonaMona857
    @DonaMona857 Год назад

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

  • @merapan1755
    @merapan1755 2 года назад

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

  • @mehedihasan-uz4fc
    @mehedihasan-uz4fc 2 года назад +1

    can you tell me please which trading platform you use?

    • @TradingJournal1
      @TradingJournal1  2 года назад

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

  • @maheshnaagar7853
    @maheshnaagar7853 3 года назад

    Can you make algo for above strategy

    • @TradingJournal1
      @TradingJournal1  3 года назад

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

  • @manicmike8585
    @manicmike8585 2 года назад +2

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

  • @RadiantPineappleSkincare
    @RadiantPineappleSkincare 3 года назад +2

    Can you do a trading strategy on options.

    • @TradingJournal1
      @TradingJournal1  3 года назад +1

      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!

  • @evangelineyuzon7481
    @evangelineyuzon7481 2 года назад +1

    Hi good evening my friend

  • @violetevergarden9982
    @violetevergarden9982 3 года назад

    How to download the engulfing indicator

    • @TradingJournal1
      @TradingJournal1  3 года назад +1

      It is already inside the tradingview platform

  • @evangelineyuzon7481
    @evangelineyuzon7481 2 года назад +1

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

    • @TradingJournal1
      @TradingJournal1  2 года назад

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

  • @ivanjuliana3083
    @ivanjuliana3083 2 года назад +1

    What is application?

  • @merapan1755
    @merapan1755 2 года назад

    Win rate ?

  • @H-K01
    @H-K01 2 года назад +1

    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
      @TradingJournal1  2 года назад

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

  • @navketan1965
    @navketan1965 Год назад

    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 ?

  • @denizpakkan1979
    @denizpakkan1979 2 года назад

    can I use on daily chart?

  • @domishqipe425
    @domishqipe425 3 года назад

    What was the win rate?

  • @binodinero5401
    @binodinero5401 Год назад

    1year ago this wasn’t a bull market lol

  • @advanishantony2459
    @advanishantony2459 3 года назад +1

    i did some back test , not a good one .......

    • @TradingJournal1
      @TradingJournal1  3 года назад

      What was the R:R and how was the winning ratio?

    • @advanishantony2459
      @advanishantony2459 3 года назад +1

      @@TradingJournal1 More fake confirmation and also winning ratio is very less....

  • @Joker-et2je
    @Joker-et2je 2 года назад

    Contradicting Strategy…Does Not Work 👎👎