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Forex Price Action – Live Engulfing Bar trade on EURUSD

Johnathon Fox
03/17/2012 | UPDATED ON: 11/26/2019

This Price Action educational video shows Johnathon placing a live engulfing bar trade using only raw price data and support and resistance levels. The second part of the video is a recap of how this trade played out and how profit was taken to best maximise the return whilst keeping the risk to a minimum!

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « How to Trade the 4 Hour Charts
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Reader Interactions

Comments

  1. Warren says

    01/31/2015 at 4:57 AM

    Hi Johnathan

    Great video as always – quick question though: how do you ‘lock in 50% profit’ from a technical perspective on MT4? E.g Are you selling half your position?

    Many thanks
    W

    Reply
    • Johnathon Fox says

      02/02/2015 at 3:42 PM

      Hello Warren,

      trade management is something we normally don’t go into too much detail outside of the members area, however your questions is a good one and the answer is; basically as you would know MT4 does not allow you to split pending orders once you are in a trade, for example; if you have a trade of $100,000 you are not allowed to set a pending order to take profit on only $50,000, you have to set a pending order to take profit on the whole $100,000 so what you do is before taking the trade is work out your trade and split your trade into positions. That way you can manage it and set different pending orders.

      Johnathon

      Reply
      • George Iyke Okpara says

        12/06/2017 at 10:31 PM

        Thanks a bunch Johnathon for this great lesson, I’ve been longing for long to know exactly what are the engulfing bars and how I should trade with them,now I can proudly say I know what an engulfing bar is.

        Reply
        • Johnathon Fox says

          12/06/2017 at 11:12 PM

          Your welcome George! Let me know if you need anything or if you get any questions!

          Johnathon

          Reply

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