Great job you're doing Dhruv.
In this example below, price just tapped into a daily zone above and gave an H4 EG sell. If I sell from there, I expect to target zone B which is a clear H4 EG buy zone. However, I noticed zone A is also another EG buy zone and price is already in this zone.
What would you do in this scenario?
Would you rather not take the trade?
Is this a valid engulfing fail? I want to know if the bullish candle that was engulfed must be at the top of the swing or anywhere within that range. {image}
Ignored
Yes That's an valid Engulfing Failed but if it breaks the swing high aswell that's considered more clean but it's not necessary
Great job you're doing Dhruv. In this example below, price just tapped into a daily zone above and gave an H4 EG sell. If I sell from there, I expect to target zone B which is a clear H4 EG buy zone. However, I noticed zone A is also another EG buy zone and price is already in this zone. What would you do in this scenario? Would you rather not take the trade? {image}
Ignored
We will learn how to handle This Situation when zones are quite Near to each other or overlapping in upcoming videos from LTFs POV but for now Understand that you should wait for EF on h4 To happen to be more clear if roadblocks are quite near to each other
yellow is it 1h engulfing blu er 4h Target on yellow or blue? What about stop loss? {image} {image}
Ignored
Hey i still didn't understood the context of your marking would suggest you watch my videos couple of times or rephrase the question better or if any other memeber has the answer please do !
{quote} Hej, nadal nie rozumiem kontekstu Twojej oceny. Proponuję, żebyś obejrzał moje filmy kilka razy lub lepiej sformułował pytanie. Jeśli ktoś inny zna odpowiedź, proszę zrób to!
Ignored
If I have one bullish engulfing set on a 4-hour chart, then another bearish set also on 4 hours and a false engulfing set on 1 hour, on which I enter with a sell , do I set the target on the previous bullish engulfing set at 1 hour or 4 hours?
{quote} If I have one bullish engulfing set on a 4-hour chart, then another bearish set also on 4 hours and a false engulfing set on 1 hour, on which I enter with a sell , do I set the target on the previous bullish engulfing set at 1 hour or 4 hours?
Ignored
We haven't not talked about entries but let's you have entered once price does h1 EF inside your h4 zone your Target is next h4 but h1 will act as roadblock which you have to monitor
{quote} I noticed your zones marking and terminology you use are quite different Sam Saiden teachings. You have huge emphasize on engulfing. Do you consider your approach similar/different from traditional S&D? Thanks
Ignored
Hey i've not watched sam could be different but I don't really think there would be big difference since the foundation would be same RBR DBR DBD RBD or engulfing buy & sell ( failed )
From my understanding, Weekly becomes bearish when a daily EF buy (6) was confirmed by a Daily EG sell(7), but you signified that , Daily & Weekly are now both bearish. Do I misunderstand the concept? please kindly clarify (How is Daily bearish when you didn't analyse the H4).
Also, when Daily EG buy (6) confirms Daily EG (4) sell as an EF, why didn't you signify that both Daily and weekly are bullish at that time?? Please clarify.
If the reason was bcos of the presence of the dominant area, were you expecting the candle formation to go past the dominant area to confirm it was a buy
This thread is a really course on this candlestick pattern. Thank you for your dedications.
I just joined this thread and apologize for the basic question: What is SNR? Support and resistance?
This thread is a really course on this candlestick pattern. Thank you for your dedications. I just joined this thread and apologize for the basic question: What is SNR? Support and resistance?
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