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MTF Engulf / Engulf fail

  • #61
  • Sep 24, 2023 7:30am Sep 24, 2023 7:30am
Quoting Ziemowit
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? {image} {image} {image}
there was a nearer d1 bullish zone above.
when price returned to d1 bearish zone, go down 1 or 2 time frame to precise entry.
h1 had 2 entries.
when price returned to h1 bearish zone, go down 1 or 2 time frame to precise entry.
however your lowest time frame for entry is h1.
m30 had a bearish entry all the way down to d1 bullish zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #62
  • Sep 24, 2023 7:45pm Sep 24, 2023 7:45pm
Quoting Inthebox
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...
Can i have the corner indicator please?
  • #63
  • Sep 24, 2023 9:33pm Sep 24, 2023 9:33pm
h4 direction
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ITB - Seeing Orderliness amongst 'Randomness'
  • #64
  • Sep 24, 2023 9:47pm Sep 24, 2023 9:47pm
Quoting BDfx77
{quote} Can i have the corner indicator please?
Attached File(s)
File Type: ex4 Drawing Tools.ex4   51 KB | 863 downloads
ITB - Seeing Orderliness amongst 'Randomness'
  • #65
  • Sep 24, 2023 10:12pm Sep 24, 2023 10:12pm
Quoting Inthebox
{quote} {file}
thanks a lot, i really searched a lot for this indi
  • #66
  • Sep 24, 2023 11:14pm Sep 24, 2023 11:14pm
Quoting Inthebox
{quote} do not use the smaller time frame too much. go back to m30. {image}
https://www.forexlive.com/technical-...tion-20230924/
ITB - Seeing Orderliness amongst 'Randomness'
  • #67
  • Sep 25, 2023 1:33am Sep 25, 2023 1:33am
Quoting Inthebox
Rules (1) Find engulf / engulf fail with opposite engulf set up (m30 minimum) around current price. Check 1 or 2 time frame above for htf engulf (h4 minimum) to support the price direction flow. Entry upon retest of engulf zone. Engulf zone as SL (40 pips maximum). TP at opposite engulf or support / resistant. (2) If you are satisfied with the engulf zone SL range of (1) above, then that's it. If you find the engulf zone SL range of (1) above too big or require further confirmation, then when price retraces to the engulf set up zone of (1) above,...
==============[[=[[[[[[[=============[===[

Dear Sir,
Please give me the easiest system about this method.
  • #68
  • Sep 25, 2023 1:50am Sep 25, 2023 1:50am
Quoting ForExFighter
{quote} ==============[[=[[[[[[[=============[===[ Dear Sir, Please give me the easiest system about this method.
there are only 2 rules in post 1.
this is the easiest i can think of.
you can post here, i will correct you until you understand.
whether it will take 2 weeks, 1 month, 3 months, it depends on how much experience you have.
ITB - Seeing Orderliness amongst 'Randomness'
  • #69
  • Sep 25, 2023 3:07am Sep 25, 2023 3:07am
Quoting Inthebox
{quote} there are only 2 rules in post 1. this is the easiest i can think of. you can post here, i will correct you until you understand. whether it will take 2 weeks, 1 month, 3 months, it depends on how much experience you have.
2 rules....You're a very patient man......
Stay green!!!
  • #70
  • Sep 25, 2023 4:50am Sep 25, 2023 4:50am
Hello, I really appreciate your work and would like to understand it. So it must be an Engulf and then an opposite Engulf in HTF.Es so it always consists of 4 candles?
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  • #71
  • Sep 25, 2023 5:45am Sep 25, 2023 5:45am
Hi IntheBox, Thanks for the strategy. I thought of following it with current live example. Does this make sense. Below is tradingview pepperstone h4 example lined with M30.

I have only marked the recent h4 candle.
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As you see there is Bearish engulfing in h4.

I should wait for a subsequent BE in M30 and then bearish break of the and retest. That will be my entry.

Thanks.
  • #72
  • Sep 25, 2023 6:00am Sep 25, 2023 6:00am
Quoting Heini
Hello, I really appreciate your work and would like to understand it. So it must be an Engulf and then an opposite Engulf in HTF.Es so it always consists of 4 candles? {image}
no number of candles specific.
go to post 1 to see what are the 3 types of engulfing candles.
in this h4 example, i used a single candle engulfed by single candle.
price bounced from d1 bullish engulf to d1 bearish engulf, then down to d1 bullish engulf.
up to h4 bearish engulf, then down to h4 bullish engulf.
when price touched d1 and h4 zone, you can make more precise entry by going down to smaller time frame.
in this case, i use m30 to show the entries.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #73
  • Sep 25, 2023 6:18am Sep 25, 2023 6:18am
how do you use engulf fail?
what is the implication?
when the bullish engulf fail, it gives an indication that price wants to go down instead.
this has to be followed by engulf for entry.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #74
  • Sep 25, 2023 12:21pm Sep 25, 2023 12:21pm
nasdaq nyse open
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ITB - Seeing Orderliness amongst 'Randomness'
  • #75
  • Sep 25, 2023 3:20pm Sep 25, 2023 3:20pm
Quoting Inthebox
nasdaq nyse open {image}
nasdaq further buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #76
  • Sep 25, 2023 3:49pm Sep 25, 2023 3:49pm
engulf fail followed by an engulf entry
provide a low risk trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #77
  • Sep 25, 2023 8:08pm Sep 25, 2023 8:08pm
Very good work. Even in the smaller timeframes 5m, when i see either an inside bar or engulfing bar, i feel there may be a change of character or bos.

100%
Trading is gambling. So gamble responsibly.
  • #78
  • Sep 25, 2023 9:58pm Sep 25, 2023 9:58pm
eu m5 slow moving but small risk
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ITB - Seeing Orderliness amongst 'Randomness'
  • #79
  • Sep 25, 2023 10:07pm Sep 25, 2023 10:07pm
Quoting Inthebox
eu m5 slow moving but small risk {image}
https://www.tradingview.com/x/mFHGJsts

I saw this too.
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Trading is gambling. So gamble responsibly.
  • #80
  • Sep 25, 2023 10:49pm Sep 25, 2023 10:49pm
it is 100% your business to be pleasant or unpleasant within yourself.
it is all happening in the box. lol.
what influence your life? it is either within or without (outside) yourself.
but i still believe in God to guide my life.
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ITB - Seeing Orderliness amongst 'Randomness'
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