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

  • #41
  • Sep 22, 2023 9:39am Sep 22, 2023 9:39am
not trading this, just observing whether will retest engulf. usd too strong.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #42
  • Sep 22, 2023 10:11am Sep 22, 2023 10:11am
Quoting Inthebox
{quote} 4550263 {image}
result
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  • #43
  • Sep 22, 2023 11:59am Sep 22, 2023 11:59am
Quoting Inthebox
not trading this, just observing whether will retest engulf. usd too strong. {image}
price in m30 bearish engulf.
i can switch 2 tf lower and m5 has a bullish engulf.
i want to see it fail before looking for a bearish engulf.
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  • #44
  • Edited 1:49pm Sep 22, 2023 12:51pm | Edited 1:49pm
although our intention is to sell.
here you see the purpose of waiting for engulf fail.
the recent bullish engulf shows that price still want to go up.
this prevent us from selling thus avoiding floating loss.
now price left the m30 bearish engulf and entered into a higher level m30 bearish engulf.
the exercise is then repeated all over again in this new zone.
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  • #45
  • Sep 22, 2023 1:44pm Sep 22, 2023 1:44pm
Nice thread and simple trading.

I understand your definition of engulfing.

But a quick question the engulfing does need to be confirmed? For example for a long engulfing does the top need to be broken, a close above the high or any other kind of confirmation?

Thanks
Kind regards
  • #46
  • Edited 2:21pm Sep 22, 2023 2:04pm | Edited 2:21pm
Quoting Frag8383
Nice thread and simple trading. I understand your definition of engulfing. But a quick question the engulfing does need to be confirmed? For example for a long engulfing does the top need to be broken, a close above the high or any other kind of confirmation? Thanks Kind regards
the bullish engulf top needs to be broken, whether by candle wick or close is acceptable. a candle close is better.
engulf also does not mean only for 2 candles side by side to each other as the chart shows.
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  • #47
  • Sep 22, 2023 2:23pm Sep 22, 2023 2:23pm
Quoting Inthebox
{quote} the bullish engulf top needs to be broken, whether by candle wick or close is acceptable. a candle close is better. engulf also does not mean only for 2 candles side by side to each other as the chart shows. {image}
Ok perfect so it can be that it engulf multiple candles.
Any other thing like for instance that if the body does not completely engulf but the wicks do is also valid? For instance for engulf long the open may be a little higher than the previos close but the wick low is lower
  • #48
  • Edited 3:18pm Sep 22, 2023 3:02pm | Edited 3:18pm
Quoting Frag8383
{quote} Ok perfect so it can be that it engulf multiple candles. Any other thing like for instance that if the body does not completely engulf but the wicks do is also valid? For instance for engulf long the open may be a little higher than the previos close but the wick low is lower
the most important thing is body must engulf body.
there are many scenarios that can happen if we talk about wicks.
can we consider the following as bullish engulfing?
the blue top wick did not engulf the red top wick.
if we say the blue body engulf the red body, then it is engulfing.
trading is not an exact science. if in doubt, then do nothing and wait for further candles to form.
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  • #49
  • Sep 22, 2023 3:45pm Sep 22, 2023 3:45pm
Interesting, subscribed
If you believe in yourself anything is possible !!
  • #50
  • Sep 22, 2023 4:36pm Sep 22, 2023 4:36pm
today a few traders had been inquiring what constitute engulfing.
it does not have a straight forward answer.
i have been thinking what would be the simple, quick and obvious one to the eyes.
for the purpose of this thread i have decided that a candle close over the wick would be more obvious to see on the chart and also easiest to explain
any comments before i include this image in post 1?
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  • #51
  • Sep 22, 2023 5:28pm Sep 22, 2023 5:28pm
Quoting Inthebox
today a few traders had been inquiring what constitute engulfing. it does not have a straight forward answer. i have been thinking what would be the simple, quick and obvious one to the eyes. for the purpose of this thread i have decided that a candle close over the wick would be more obvious to see on the chart and also easiest to explain any comments before i include this image in post 1? {image}
With regard to multiple candles engulfing a candle .. how many candles are too many to complete the engulf ?
  • #52
  • Sep 22, 2023 5:38pm Sep 22, 2023 5:38pm
Quoting Lou
{quote} With regard to multiple candles engulfing a candle .. how many candles are too many to complete the engulf ?
no specific number of candles.
however take note of the last candle that break the wick.
is it strong or weak close.
also one can investigate further by going 1 or 2 time frames up and down (mtf).
ITB - Seeing Orderliness amongst 'Randomness'
  • #53
  • Sep 23, 2023 1:33am Sep 23, 2023 1:33am
i had just updated post 1
ITB - Seeing Orderliness amongst 'Randomness'
  • #54
  • Sep 23, 2023 2:28am Sep 23, 2023 2:28am
Quoting Lou
{quote} Nice.. I like the added 'rule' where the shadow must engulf the previous shadow .. in the intended direction.
"like"?
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  • #55
  • Edited 3:07am Sep 23, 2023 2:46am | Edited 3:07am
Quoting Inthebox
although our intention is to sell. here you see the purpose of waiting for engulf fail. the recent bullish engulf shows that price still want to go up. this prevent us from selling thus avoiding floating loss. now price left the m30 bearish engulf and entered into a higher level m30 bearish engulf. the exercise is then repeated all over again in this new zone. {image}
do not use the smaller time frame too much.
go back to m30.
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  • #56
  • Edited 5:28am Sep 23, 2023 4:54am | Edited 5:28am
this is to get a feel of how it was for the past 2 days.
using h1 zone, and m15 to precise entries.
black engulf is going with the flow, brown is opposing or engulf fail.
h1 offered 3 entries. rather good ones and calm trading. but no set up retracement for the 2nd half due to fast moving news.
when price is in h1 zone, one can go 1 or 2 time frame lower to precise entries.
m15 has more entries, but looked confusing at first.
in the middle of the chart when one see a lot of counter opposing engulfs, you know that it is ranging.
then just wait for one side to break.
as usual it is the itchy hand that kills you during ranging.
practice on your own for m30 or any other pairs.
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  • #57
  • Sep 23, 2023 10:18am Sep 23, 2023 10:18am
monthly chart direction.
seems like ej wants to go up.
from monthly to monthly.
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  • #58
  • Sep 24, 2023 2:53am Sep 24, 2023 2:53am
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
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  • #59
  • Edited 3:13am Sep 24, 2023 3:00am | Edited 3:13am
nasdaq m30 engulf to engulf.
went up then came down, twice.
the 2nd down trend during new york afternoon session was too fast, there were no retest of engulf.
only engulf and breakout trades.
and only one trade in m1.


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  • #60
  • Sep 24, 2023 5:49am Sep 24, 2023 5:49am
Hi !
Please check if my understaing is correct, US30, first D1 to find direction and then H4 and H1 for better entry
however in this case H1 short would be a move for few pips as we wait for retest of H4 zone for a bigger move, am i right?
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