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    • Winston Reed replied Apr 15, 2013

      Entry is similar to MPB. Once price stalls on a return to an engulfed area I start placing pending orders above the high of the last closed daily candle for a long and vice versa for a short. Initially I place the stop loss at the opposite end of ...

      MPB Journal
    • Winston Reed replied Apr 15, 2013

      I don't look at time frames less than daily. I wait for price to react to an obvious s/d zone. But this reaction must be impressive and engulf prior consolidation or flag. Price almost always revisits where it engulfed. At these areas I wait for ...

      MPB Journal