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Attachments: MTF Engulf / Engulf fail
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MTF Engulf / Engulf fail

  • #21
  • Sep 21, 2023 11:28pm Sep 21, 2023 11:28pm
I use this setup for full margin once in a week. Great thread
  • #22
  • Sep 21, 2023 11:32pm Sep 21, 2023 11:32pm
Quoting fxpider
{quote} Please correct me, if I got it wrong. 1. We are using engulfs across 3 TFs. 2. The Higher TF engulf is for the Directional flow. 3. The Mid TF engulf is for the Setup. 4. The Lower TF engulf is for the Entry. 5. TP will be the most recent opposite engulf in the SETUP TF (MID TF). Also, what are the criteria to choose the TFs?
1. no. 2 tf will do.
2. yes. recommended htf h4 and above.
3. recommended m30 to be minimum tf for set up and/or retrace entry.
4. if you are ok with (3) tf SL range, there is no need to go lower tf.
if not ok with SL range, then go 1 or 2 tf lower for engulf and retrace entry.
5. tp can be most recent opposite engulf set up tf or htf h4 and above.
ITB - Seeing Orderliness amongst 'Randomness'
  • #23
  • Sep 22, 2023 2:07am Sep 22, 2023 2:07am
This is an old trading concept. The pattern is called engulfing whipsaw. I think it was Redsword who introduced it first.

https://www.forexfactory.com/thread/...-is-everything
  • #24
  • Sep 22, 2023 3:37am Sep 22, 2023 3:37am
Quoting MCFly
This is an old trading concept. The pattern is called engulfing whipsaw. I think it was Redsword who introduced it first. https://www.forexfactory.com/thread/...-is-everything
engulfing was already being used towards the end of 1900's mostly from books.
nowadays can just google search and also youtube giving all sorts of strategy.

i have never read his thread before, so i went to his thread and searched 'engulfing whipsaw'. he did not use this term himself, but some other traders did.
there were no mention of mtf engulfing trading. i don't seem to find any rules there.
here are some bits and pieces that i gathered.

https://www.forexfactory.com/thread/...59#post5150559
https://www.forexfactory.com/thread/...64#post5170064
https://www.forexfactory.com/thread/...20#post5172920

this is the closest that i come across on mtf.
https://www.forexfactory.com/thread/...51#post4229751
ITB - Seeing Orderliness amongst 'Randomness'
  • #25
  • Sep 22, 2023 4:04am Sep 22, 2023 4:04am
there are also other ways to see engulfing.
but we just keep it simple as per post 1.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #26
  • Sep 22, 2023 4:33am Sep 22, 2023 4:33am
Quoting Inthebox
maybe something will happen. but it's a big range. note that there is a gbp pmi announcement. {image}
now price is inside h4 engulf.
and almost at the set up.
if one wants to, still can further drill down to m15, m5 or m1 like stevepatt.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #27
  • Sep 22, 2023 4:34am Sep 22, 2023 4:34am
new york session main event
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ITB - Seeing Orderliness amongst 'Randomness'
  • #28
  • Sep 22, 2023 7:05am Sep 22, 2023 7:05am
Quoting Inthebox
{quote} now price is inside h4 engulf. and almost at the set up. if one wants to, still can further drill down to m15, m5 or m1 like stevepatt. {image}
from engulf to opposite engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #29
  • Sep 22, 2023 7:16am Sep 22, 2023 7:16am
Gold: H4 setup, m30 trigger. Did I mark them correctly?

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Success = Practice + Patience + Persistence
  • #30
  • Sep 22, 2023 7:26am Sep 22, 2023 7:26am
Quoting fxpider
Gold: H4 setup, m30 trigger. Did I mark them correctly? {image}
buy already triggered by m30 engulf set up.
h4 support flow.
2 opposite engulf tp.

if it is a h4 set up, then wait for price to retest h4 engulf.
maybe there was mixed up term used.
ultimately is to wait for retest of the smaller tf engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #31
  • Sep 22, 2023 7:34am Sep 22, 2023 7:34am
Quoting Inthebox
{quote} buy already triggered by m30 engulf set up. h4 support flow. 2 opposite engulf tp. {image}
Jeez!! it's going over my head.
Success = Practice + Patience + Persistence
  • #32
  • Sep 22, 2023 7:38am Sep 22, 2023 7:38am
Quoting fxpider
{quote} Jeez!! it's going over my head.
may there is a mixed up of terms used.
set up tf can also be trigger tf.
if you use 2 charts, ultimately wait for retest of the smaller tf engulf.
ITB - Seeing Orderliness amongst 'Randomness'
  • #33
  • Sep 22, 2023 7:50am Sep 22, 2023 7:50am
Quoting Inthebox
{quote} from engulf to opposite engulf. {image}
result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #34
  • Sep 22, 2023 7:58am Sep 22, 2023 7:58am
Quoting Inthebox
{quote} may there is a mixed up of terms used. set up tf can also be trigger tf. if you use 2 charts, ultimately wait for retest of the smaller tf engulf.
So, basically....

  1. Pick an HTF, at least H4
  2. Spot the most recent engulf ( that's our direction)
  3. Now pick an LTF, preferably m30.
  4. Spot engulf in LFT in line with the HTF engulf
  5. Wait for the retest in LTF
  6. TP is the most recent opposite engulf in LTF.
  7. Only trade the LTF engulf retest that is in line with the HTF engulf.

Please provide feedback.

Success = Practice + Patience + Persistence
  • #35
  • Sep 22, 2023 8:00am Sep 22, 2023 8:00am
Quoting fxpider
Gold: H4 setup, m30 trigger. Did I mark them correctly? {image}
Attachment g
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ITB - Seeing Orderliness amongst 'Randomness'
  • #36
  • Edited 8:33am Sep 22, 2023 8:21am | Edited 8:33am
Quoting fxpider
{quote} So, basically.... Pick an HTF, at least H4 Spot the most recent engulf ( that's our direction) Now pick an LTF, preferably m30. Spot engulf in LFT in line with the HTF engulf Wait for the retest in LTF TP is the most recent opposite engulf in LTF. Only trade the LTF engulf retest that is in line with the HTF engulf. Please provide feedback.
yes.
now if you find m30 engulf is 50 pips SL. you don't like right?
either use your own maximum SL

or you have another choice

when price retrace back to m30 engulf (because you don't like the SL), switch to ltf m15 or m5 and spot engulf.
wait for retest of engulf.
surely the SL here is smaller than m30 SL right?

when switching to m15 or m5, the whole process is repeatable as in m30 engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #37
  • Sep 22, 2023 8:25am Sep 22, 2023 8:25am
Quoting Inthebox
{quote} yes. now if you find m30 engulf is 50 pips SL. you don't like right? either use your maximum SL or you have another choice when price retrace back to m30 engulf (because you don't like the SL), switch to ltf m15 or m5 and spot engulf. wait for retest of engulf. surely the SL here is smaller than m30 SL right? when switching to m15 or m5, the whole process is repeatable as in m30 engulf.
Finally !!
Success = Practice + Patience + Persistence
  • #38
  • Sep 22, 2023 8:34am Sep 22, 2023 8:34am
Quoting fxpider
{quote} Finally !!
see the image i posted above using m5 engulf SL.
ITB - Seeing Orderliness amongst 'Randomness'
  • #39
  • Sep 22, 2023 8:55am Sep 22, 2023 8:55am
Quoting Inthebox
{quote} see the image i posted above using m5 engulf SL.
Got it. Now, I will put it into practice from Monday onwards. Thank you.

Also, What do you consider to become a failed engulf, a wick or close?
Success = Practice + Patience + Persistence
  • #40
  • Sep 22, 2023 9:13am Sep 22, 2023 9:13am
Quoting fxpider
{quote} Got it. Now, I will put it into practice from Monday onwards. Thank you. Also, What do you consider to become a failed engulf, a wick or close?
difficult to answer because htf see wick, lower time frame see close.
failed engulf is just location, so can treat as wick. better to wait for engulf to form again.
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ITB - Seeing Orderliness amongst 'Randomness'
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