Thanks guys..it seems forming a HTF directional bias is vital to holding onto trades in drawdown. Understanding from which D to D (based on H4 eg ef) that movement is occurring. Just to clarify, your last line of defence is a close outside of the tc ...

MTF Engulf / Engulf fail

Hi Fxpider - what would the criteria be for you to have manually closed your trades at a loss? (noting that your first few trade entries went in drawdown, but you kept holding). Thanks.

MTF Engulf / Engulf fail

Happy New Year! Sorry, I do not see any valid engulfs marked up here. It should be the entire candle (including wicks) that is completely engulfed by a single or series of consecutive candles (body must engulf) in the opposite direction.

MTF Engulf / Engulf fail

I managed to catch this one off the m30 early entry zone aligned to the H4 mSNR V level. I like to take 2 entries: *Half position when m5 eg forms (high risk) and TP quickly. *Half position when m5 ef forms (low risk). More confident when m30 tc ...

MTF Engulf / Engulf fail

Wow.. holding those trades would've caused me ulcers Alot of conviction on the HTF direction would've been needed!

MTF Engulf / Engulf fail

I can see the pure MTF EG/EF easier (and I focus on H4/m30 with m5/m15 confirmation entry), but I like how the ICT concepts add confluence and a clearer way of viewing the markets. Still learning! url

MTF Engulf / Engulf fail

thankyou.. thats great advice

MTF Engulf / Engulf fail

Hi ITB and FXSpider. Price was sandwiched between D/H4 opposing zones and an m30 roadblock. What gave you confidence for long bias for NY open? My chart mark up for reference.. Also, what did you target as approx TP? Thanks in advance image

MTF Engulf / Engulf fail

Hi ITB - have you marked the upper blue box/zone because it corresponds to the H4 QM (it also coincides with a m15 QM area)?

MTF Engulf / Engulf fail

Took a very similar trade. m30 created EF followed by EG buy entry.

MTF Engulf / Engulf fail

According to the trade rules, I believe it is also possible to simply enter upon retest of the m30 EG sell and not worry about a subsequent m15 EG to form/retest if we are happy with the size of the SL.

MTF Engulf / Engulf fail

Hi ITB would you ignore the H4 EF roadblock marked below, or consider a short opportunity off it if the LTF formed/retested EG sell? url Thanks

MTF Engulf / Engulf fail

Hi ITB. Curious where your SL &/or cut loss strategy would've been on these trades? It takes alot of conviction of HTF direction to hold the trade when floating drawdown. Thanks

MTF Engulf / Engulf fail

Thanks ITB - appreciated.

MTF Engulf / Engulf fail

Hi ITB - in this post talking about entries => url You mention that your preference is to enter upon close of the candle: "when price retest the engulf, entry when price is above the top of the box. it can be during the move up or upon candle ...

MTF Engulf / Engulf fail

Thanks ITB. That makes sense, and i like your idea of averaging our multiple positions.. and yes, I thought you might miss my post.

MTF Engulf / Engulf fail

Hi IBT - appreciate you sharing the knowledge and this thread.. Love this style of trading. I'm curious about your SL placement. I'm trying to simplify and follow King Zulfan's trading strategy: - Within a H4 zone ==> m30 trade control (early entry ...

MTF Engulf / Engulf fail