吞噬酒吧 (Engulfing bars)

Hey all,

I've been live forward testing this for a while now (with a small account) and find it very reliable. I'm not gonna spew out figures and stats as they are only pertinent to me and my trading psyche.

I trade daily engulfing bars. Basically, near the close of the daily bar, if the current bar engulfs the previous bar then i place a limit trade in the direction of the engulfing bar, approx 30-50 pips from the hi/lo, depending on the direction. Only the body of the current bar needs to "engulf" the body of the previous bar. There are a few other PA things to look for, but this is the CRITICAL rule that needs to be satisfied before I consider a potential trade. I use no other indicators except for pivot points. I use these as a guide for TP and SL levels, although lately i've been using the ATR of the last 5 bars to give me my SL.

I've attached a couple of examples of what I mean.

Does anyone else trade something similar?

Cheers,
Art...