Usually when I assume there is an engulfing sh*t happensDo you guys think explanation of my failure is correct? Its Forex Tester UJ 05.01.2016. Thanks. {image} {image}
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ReadtheMarket - Supply and Demand with Price Action
here you go... you are messing up the scales... and also some FLs you draw are not important... just my 2cents, my friend{image} {image}
- #6,827
- Aug 27, 2020 10:27am Aug 27, 2020 10:27am
{quote} Thanks Slurpee. I assume "T" in TCP stands for "tip of" yes? How do you determine if we have CP or not? On a diagram its easy - tested MPL but on a chart its not that obvoius for me. Small question on chart. {image}
There are many more CPs on the chart on that scale... I did not mark all of them before
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{quote} yeah, TCP is the tip of CP (end) and PCP is PreCP (beginning)... I am not sure it is the "definiton" but I use it this way
Thanks bro and sorry I bother you.
- #6,829
- Aug 27, 2020 6:12pm Aug 27, 2020 6:12pm
{quote} I asked that because you marked engulf there while price was still inside that CP. Does it mean that TG inside that CP was not reached? Or do you no longer mark it after its eng? Thanks bro and sorry I bother you. {image}
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{quote} here you go, buddy... sorry, it is messy but maybe you find something useful there for you
If we draw stuff on HTF and we see CP there, do we still mark it even when on lower TFs not all MPLs are tested?
- #6,831
- Aug 28, 2020 1:25am Aug 28, 2020 1:25am
{quote} OK thanks. So the TG was MPL/last FO or whatever we call it. Just wanted to clarify that cause some people here mark 1st FL ( my dashed rectangle ) as TG after eng into CP. If we draw stuff on HTF and we see CP there, do we still mark it even when on lower TFs not all MPLs are tested?
Your first FL in my eyes is the PCP of the whole CP. Try to understand why ITs target these areas, what is an MPL? What does it mean and what does it do to retailers and why does it help the ITs... The target when price engulfed into the CP was my tiny red box, the MPL of the CP (or PCP - but PCP is the whole thing, MPL is just one particular part of PCP). So when price did not reach it for the first time as I marked it, it then went to the last FL for more power to get to its target - my tiny red box. So yes, the target was your dashed box... I would just place my TP a little above my tiny red box in your dashed box
Boxes all over the place..
The last question is regarding scale... Yes, I would still consider it a CP and expect the price to reach the other end... but on 1m chart it takes a little less time than on 1month chart... this is what I marked months ago...
EDIT: forgot the picture
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- #6,832
- Aug 28, 2020 8:33am Aug 28, 2020 8:33am
Don’t trade and drive..
Or you mess up your risk size... In my case instead of 1R 0,1R
Two POs triggered, one aggresive with 5 pips SL, unfortunately that is the one with wrong position size, the second one with 17 pips SL... First target around 1.3150. Letīs see
Or you mess up your risk size... In my case instead of 1R 0,1R Two POs triggered, one aggresive with 5 pips SL, unfortunately that is the one with wrong position size, the second one with 17 pips SL... First target around 1.3150. Letīs see 
Live it or leave it!
Don’t trade and drive..
Nice catch. If I were there to take that long my zone would be wider. Was there any eng signal?
- #6,837
- Aug 28, 2020 2:15pm Aug 28, 2020 2:15pm
{quote} Trade and drive sounds too advance for me. Currently I'm mastering trade and watch my wife shopping online
I closed both trades, because it did not reach my first target and I dont want to hold it over weekend. A little over 3R and 11R (the second one just with 10% Of my regular risk due to my mistake)... But if you are a quick scalper with fast fingers, there were some confirmations...
this stuff works on every TF
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