So I closed this early. May be I panicked. It was a nice engulf up. with 5 or 4R if I held it longer
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Disliked{quote} this answer is to thegrimreape In this thread our understanding is that an engulf after a reaction to a demand or supply zone shows the intention of the institutional traders , say a price is reacting to a 1 hour supply and engulfs a 1 hour demand, now for those institutions they need at least to fill their orders in a demand zone lower that the one that has been engulfed before they can break that supply the price is reacting to, that is why we wait for them on retrace to the qm or ftr or lsk level to fill back the remaining orders to reach...Ignored
Disliked{quote} {image}the yellow rectangle is not important so it is a valid engulf , i went home i opened the chart I looked further to the left and got this analysis. good discussion Copis thank you mate, I wait your feedbackIgnored
Disliked{quote} Brilliant but only half to the puzzle. Why would they choose o engulf the area of confluence apart from filing the orders? Its through emotions that orders are being made and done in advance. When traders are buying or selling in a panic mode, its usually with emotions. Hence, for them to conjure this emotion to extend their game of pricing, they need to know where and when you've sold. Most of the time people often reminiscent the money they'd loss and it's "this level and that level". But what happened when price goes back to the level...Ignored
Disliked{quote} here you have my view i know i see it slightly different but thats my main drawing (here without any CP's and so on) only my zone that for me is important and the reaction i simplified for myself for that maybe is better i don't post here any of my Charts it can confused other traders. for me first important is to see the structure of the market to see what is important (for me) and what is useless {image}Ignored
Disliked{quote} Please copis post your chart and analysis we are learning from you, i rectified my analysis after looking further to the left, I like your charts just sometimes they miss information from the left I am one of the subscribers to youIgnored
DislikedThat's my classic setup for what i search in an Zone (H/L) we have 2 extremes and after an engulf we can play out this extremes (Origins). you will find in different TF (so you can scalp or swing) {image} and here a real example (M1) {image}Ignored
Disliked{quote} the iQML yes its ok but i don't trade that setup for that we have better masters (here).Ignored
Dislikedrepetition of the same things, but the good entry is a kind of luck within vicinity. often the time, one either misses the trade or price hits the sl. pursuing the higher return with tight sl would ideal, however within the vicinity, sl can be negotiated. after all, this game is not to hit a home run every trade, but keeps winning most of time. {image}{image}Ignored
Disliked{quote} for me its more average over 2R in the long run then you will made money with 50% hit rate the better you are the better the hitrate wil be. in the end if you have 70% hitrate with avg. 3R over all trade you will made a good amount of moneyIgnored
Disliked{quote} I don't think I'm going to elaborate more if you are asking me to be specific when I've done illustrated more than what I'll like to expand on the topic commendable. Good luckIgnored
Disliked{quote} Sorry let me ask my same question is a different way. When you say, "an area of confluence is engulfed", what do you mean? Are you familiar with RTM concepts? OR are you specifically saying when a key level confluence with other concepts like Compression, LSK.. SRK.. etc? Engulf simply is a way of communicating between institutional traders. It signals others that price is going to reverse and other ITs act accordingly. The retailers, are about to hit their max pain level. Institutional traders are about to get their best price. Other than...Ignored