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Timon Weller - The Engulfing Trader Review

timon weller engulfing trader
Timon Weller is based in Australia. He is a part-time price action trader and a part-time blogger and writer. He also provides weekly price action chart analysis and various trading tip videos to his YouTube channel, Forex Reviews. Timon's trading style is mainly based on trading Forex using short-term swing trading strategies.

Below is my review of Timon Weller's trading material and Timon's trading
course The Engulfing Trader...

'Cheesy' and 'Amateur' were some of the initial words that came to my mind when I first watched some of Timon's video content, but much greater appreciation, and respect for his trading ability, came as I got use to his mannerisms and style of explaining and teaching trading concepts.  Timon does not provide me with an impression that he has been hugely successful in trading, his trading style also does not give an exciting feeling of being able to bank large profits. But impressions can often be wrong and it is obvious that Timon is making some money from trading, placing him in the top 10% of retail traders.

Timon's trading strategies are heavily based around engulfing candles, combined with support and resistance levels. No trading indicators are used, analysis is purely price action orientated. Timon trades Forex only and tends to focus on daily charts (though other time-frames are analysed and supposedly traded).

The Engulfing Trader is a trading course that Timon offers on his website, in fact, The Engulfing Trader is the only product directly for sale on his site. The course is very simple and easy to understand. Numerous examples are used to back his teaching and each video is clear and straight-forward.

The price of the course is well-worth paying. I believe the course (at the time of writing this review) only cost around 50 USD. The content is clear and reliable and Timon's strategies are worth knowing. It is obvious that Timon knows his strategies and he relay's them well in his course content.

Timon's engulfing strategies are not going to provide large risk-reward ratio trades or provide huge annual returns. They are however profitable and can be personally modified to enhance profitability and personal trading circumstances and style.

There is some concern over how Timon suggests trading the smaller time-frames. I personally do not believe that Timon trades these smaller time-frames profitably nor would most others if they followed his strategies. His strategies clearly pin-point some price-reversals on higher time-frames though and the higher time-frames are the focus of Timon's content.

By watching and reading Timon's free material, you will pretty much understand his Forex trading strategy and what he looks for when trading. For those who pay enough attention, there may be little need to purchase the course as it will teach very little new material, most is covered in his free material. The course however is worth purchasing, especially if you are considering trading Forex on the daily and weekly charts.

To learn more about Timon and his Engulfing Trader course, please click here.

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