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MTF Engulf / Engulf fail

  • #121
  • Sep 27, 2023 10:30am Sep 27, 2023 10:30am
breakout with ef retest
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ITB - Seeing Orderliness amongst 'Randomness'
  • #122
  • Sep 27, 2023 10:42am Sep 27, 2023 10:42am
I'm pure Engulf users...may i ask where you learned Engulf technique???
  • #123
  • Sep 27, 2023 11:45am Sep 27, 2023 11:45am
Quoting hezzjy
I'm pure Engulf users...may i ask where you learned Engulf technique???
see lots and lots of youtube videos, one of which i just posted few hours ago.
ITB - Seeing Orderliness amongst 'Randomness'
  • #124
  • Sep 27, 2023 8:00pm Sep 27, 2023 8:00pm
Quoting Inthebox
{quote} go up one more time. {image}
result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #125
  • Sep 27, 2023 9:02pm Sep 27, 2023 9:02pm
to get the direction bias
start from w1 bearish and bullish engulfing candles and switch to next time frame
drawing the d1 engulfing candles as near as possible to the current market price.
the bearish engulf shifted down quite a lot while the bullish engulf remains within the zone.
keep on shifting down the time frame and adjusting the engulfing candles around the current market price.
it is obvious that the engulfing candles indicated down trend.
keep on adjusting the time frame and engulfing candles until your own entry time frame.
example on my gbpaud trades.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #126
  • Sep 27, 2023 10:17pm Sep 27, 2023 10:17pm
I just wanted to point out this super engulfing on UJ daily. however, the swap fees in the UJ are still far too high to hold shorts overnight.
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trading is like dancing, don't think and just listen to the music!
  • #127
  • Sep 27, 2023 10:30pm Sep 27, 2023 10:30pm
Quoting birdland
I just wanted to point out this super engulfing on UJ daily. however, the swap fees in the UJ are still far too high to hold shorts overnight. {image}
see how it turns out, price retest h1 bearish engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #128
  • Sep 27, 2023 10:40pm Sep 27, 2023 10:40pm
interesting and quite true in the office.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #129
  • Sep 28, 2023 5:13am Sep 28, 2023 5:13am
maybe nasdaq go up to take out liquidity and drop.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #130
  • Sep 28, 2023 5:47am Sep 28, 2023 5:47am
Quoting Inthebox
maybe nasdaq go up to take out liquidity and drop. {image}
a quick one wlll do.
i think will hit my original target.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #131
  • Sep 28, 2023 7:26am Sep 28, 2023 7:26am
Quoting Inthebox
to get the direction bias start from w1 bearish and bullish engulfing candles and switch to next time frame drawing the d1 engulfing candles as near as possible to the current market price. the bearish engulf shifted down quite a lot while the bullish engulf remains within the zone. keep on shifting down the time frame and adjusting the engulfing candles around the current market price. it is obvious that the engulfing candles indicated down trend. keep on adjusting the time frame and engulfing candles until your own entry time frame. example on...
further sell
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ITB - Seeing Orderliness amongst 'Randomness'
  • #132
  • Sep 28, 2023 8:40am Sep 28, 2023 8:40am
Hey Inthebox,

I took this right now on demo. Nasdaq M30 Engluf fail from inside H4 Engluf.

I hope this is correct and makes sense.

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Thanks
  • #133
  • Sep 28, 2023 9:49am Sep 28, 2023 9:49am
Quoting lollygrail
Hey Inthebox, I took this right now on demo. Nasdaq M30 Engluf fail from inside H4 Engluf. I hope this is correct and makes sense. {image} Thanks
i have redrawn it.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #134
  • Sep 28, 2023 10:55am Sep 28, 2023 10:55am
Quoting Inthebox
{quote} i have redrawn it. {image}
Got it. Thank you for the time and effort. Definitely helps a lot.

Although I am still doing demo trading. But all the information in the thread has helped me a lot.
First time my demo account is doing good.

Thanks again.
  • #135
  • Sep 28, 2023 12:56pm Sep 28, 2023 12:56pm
H1 and m30 for entry
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  • #136
  • Sep 28, 2023 7:25pm Sep 28, 2023 7:25pm
if it is going up, there will ranging first.
immediately there is a ltf road block.
there is also the trend line to contend with.
in the watch list to observe.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #137
  • Edited 7:58pm Sep 28, 2023 7:38pm | Edited 7:58pm
today is friday.
the main news driver is in new york session.

wait retest for long.
there are 2 bullish zone h4 and h1. which one?
if there is no ltf set up, then that's not the zone to long.

if taking short, the range is between the 2 h1 engulfs.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #138
  • Sep 28, 2023 8:40pm Sep 28, 2023 8:40pm
how many pips would you like to get per day, per week?
or in equity % per day, per week?
throw some figures please.
ITB - Seeing Orderliness amongst 'Randomness'
  • #139
  • Sep 28, 2023 8:46pm Sep 28, 2023 8:46pm
the m15 and m5 set up.
SL can be 30-40 pips maximum, or above any of the time frames zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #140
  • Sep 28, 2023 10:37pm Sep 28, 2023 10:37pm
Quoting Inthebox
how many pips would you like to get per day, per week? or in equity % per day, per week? throw some figures please.
for me 30pips a day would be great, considering i am using very small lot size which is 8% per day .
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