No, sorry but I believe it's you who's mistaken. By definition, Engulfing Pattern is where the second candle body completely ENGULFS the first candle body (or nearly engulfs in our case, since that's how the author has done for his patterns) without regard to the length of the tail shadows. (See below.) You might be thinking of "Outside Bar", which is not the same as the Bullish Engulfing.
Ok thanks. The candles in the picture are the way ive always seen them in study but i stand corrected.
You might be right but without context from the author I don't know. Because most, if not all, of the trading books I have point out that signals have to be put in context where market is in relation to price, time, pattern, momentum etc. Otherwise the signal is to be ignored. Even then a setup/trigger gets one into the trade .... or not. If this author didn't put forward that basic premise then yes he/she cherry-picked the good ones.
But if you noticed, he used the same Bullish Engulfing (BE) pattern to enter 4 trades at the BOTTOM (I even highlighted them for ya). Again, this has nothing to do with the author's trading skills. I'm sure none of these are actual trades. He's demonstrating what BE is and how it is to be traded. If that's the case, why include only the winners? Why not include the losers as well?
I just added the context for ya. I can assure you, there were none. Had there been one, I would't have bothered showing my discontent in the first place. Unfortunately, this is pretty standard practice in a lot of TA books and it should raise a red flag for the readers. Newbies beware! In any case, that's all from me on this subject.
I know you're done with this fine ... but your initial post asked a question while it seems all along you had the answer you wanted and framed it trying to get agreement. Some have. I can't without more meat on the bone. With all the stuff you've posted, some of which it looks like you typed, most I supposed were scanned. Yet only a chart image for this???? Though I'll move on and make through the rest of my day without it.
It is a fact that institutional traders are the first to act when a big move is about to happen because they have the money to move the market and they are often the traders that give the market the push it needs to get started moving. ***** "You need to be able to read the footprints the institutional traders leave behind in the market" *****That's not so difficult because roughly 95% of traders constantly lose money. Let the losing traders serve as your template for success. Let them become your edge in the market. (Wow, that sounds cruel. But as they say, good medicine is bitter to the mouth.)