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MTF Engulf / Engulf fail

  • #81
  • Sep 25, 2023 10:55pm Sep 25, 2023 10:55pm
GJ H4 is this correct to wait for a long?
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  • #82
  • Sep 25, 2023 11:22pm Sep 25, 2023 11:22pm
Quoting Inthebox
{quote} do not use the smaller time frame too much. go back to m30. {image}
uj continue to be strong.
will japan intervene?
so far there's no engulf fail.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #83
  • Sep 26, 2023 12:54am Sep 26, 2023 12:54am
so far whoever traded ea and gj
ITB - Seeing Orderliness amongst 'Randomness'
  • #84
  • Sep 26, 2023 1:03am Sep 26, 2023 1:03am
uj dropping below day open.
https://asia.nikkei.com/Business/Mar...cess-yen-moves
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ITB - Seeing Orderliness amongst 'Randomness'
  • #85
  • Sep 26, 2023 2:11am Sep 26, 2023 2:11am
Hi,
is that make sense?
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  • #86
  • Sep 26, 2023 2:44am Sep 26, 2023 2:44am
Quoting Ziemowit
Hi, is that make sense? {image}
it made sense in m30 on engulf fail and entry on retest of engulf.
however usd is very strong and at the same time worry about jpy intervention.
moving 1 time frame up h1 does not show any engulf fail.
ITB - Seeing Orderliness amongst 'Randomness'
  • #87
  • Sep 26, 2023 6:41am Sep 26, 2023 6:41am
nasdaq new york session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #88
  • Sep 26, 2023 8:47am Sep 26, 2023 8:47am
Quoting Inthebox
eu m5 slow moving but small risk {image}
result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #89
  • Sep 26, 2023 8:50am Sep 26, 2023 8:50am
Quoting Inthebox
uj dropping below day open. https://asia.nikkei.com/Business/Mar...cess-yen-moves {image}
going no where
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ITB - Seeing Orderliness amongst 'Randomness'
  • #90
  • Sep 26, 2023 9:12am Sep 26, 2023 9:12am
Quoting Heini
GJ H4 is this correct to wait for a long? {image}
i think your post appeared late because you are new. try to post more than 5 times to avoid that.

yes. price tested the upper zone many times previously, so the zone gave way.
there were no h1 or m30 engulf buy set up.
m15 bearish engulf is not broken.
even there is a bullish engulf, price has to contend with the bearish engulf.
there is a lower zone which i think price wants to take out the low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #91
  • Sep 26, 2023 9:34am Sep 26, 2023 9:34am
Quoting lollygrail
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. {image} 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.
your post also appeared late because you posted less than 5 posts.
you wait for price to test the h4 bearish engulf.
when price touched the zone, there was a m30 bearish engulf
however it was short lived as there was also a green bullish engulf, price bounced.
later, there were 2 opportunities for short at the m30 bearish engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #92
  • Sep 26, 2023 10:49pm Sep 26, 2023 10:49pm
this is an illustration that even in m1 one can see how price dances using engulfing.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #93
  • Sep 26, 2023 11:11pm Sep 26, 2023 11:11pm
this was a strong drop lasting 3 weeks.
to be on the cautious side, i want to see a h4 or h1 close above the engulf before looking for long set up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #94
  • Sep 27, 2023 12:10am Sep 27, 2023 12:10am
GBP/JPY H4 H1 M15 Engulf and TEST

I'll have to keep an eye on my Target it might be too optimistic....
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  • #95
  • Sep 27, 2023 12:34am Sep 27, 2023 12:34am
Quoting stevepatt
GBP/JPY H4 H1 M15 Engulf and TEST I'll have to keep an eye on my Target it might be too optimistic.... {image}
if this work out potential target
today high and new york high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #96
  • Sep 27, 2023 12:57am Sep 27, 2023 12:57am
Quoting stevepatt
GBP/JPY H4 H1 M15 Engulf and TEST I'll have to keep an eye on my Target it might be too optimistic.... {image}

GBP/JPY Short Trade H1 Observations

Price is struggling around the 181.000 BRN my Stop is at BE+
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  • #97
  • Sep 27, 2023 1:04am Sep 27, 2023 1:04am
Quoting stevepatt
{quote} GBP/JPY Short Trade H1 Observations Price is struggling around the 181.000 BRN my Stop is at BE+ {image}
oh. you are selling.
ITB - Seeing Orderliness amongst 'Randomness'
  • #98
  • Sep 27, 2023 1:15am Sep 27, 2023 1:15am
Hello traders, I hope everyone is well. I have read the whole thread and I think I understand the concept, but not 100%. Does anyone know of any youtube video or resource that shows this strategy in action? Thanks in advance
  • #99
  • Sep 27, 2023 1:35am Sep 27, 2023 1:35am
Quoting Inthebox
{quote} oh. you are selling.

Hi Inthebox,

Yes, sorry for the confusion.

Exited for +15 Pips not enough Bearish Momentum at the 181.000 BRN
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  • #100
  • Sep 27, 2023 1:41am Sep 27, 2023 1:41am
Quoting stevepatt
{quote} Hi Inthebox, Yes, sorry for the confusion. Exited for +15 Pips not enough Bearish Momentum at the 181.000 BRN {image}
look left 7august, there were h1 bullish engulfing candles.
ITB - Seeing Orderliness amongst 'Randomness'
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