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MTF Engulf / Engulf fail

  • #181
  • Oct 2, 2023 2:37am Oct 2, 2023 2:37am
Quoting Inthebox
{quote} look for engulf or engulf fail. can also check with my trading experience like ict, srtl, qm in my other thread.
Sorry I did not explain myself correctly what I meant was when price gets to a supply demand area- engulfing - order block or any other way that you want to call it but they are basically supply demand you use any specific trigger to confirm the zone and enter the trade. or you just enter when the zone is hit

thanks
kind regards
  • #182
  • Oct 2, 2023 3:03am Oct 2, 2023 3:03am
Quoting Frag8383
{quote} Sorry I did not explain myself correctly what I meant was when price gets to a supply demand area- engulfing - order block or any other way that you want to call it but they are basically supply demand you use any specific trigger to confirm the zone and enter the trade. or you just enter when the zone is hit thanks kind regards
htf and ltf entry each has their own problems.
as per post 1, i can use either m30 or h1 for engulf retest and SL say is 20 pips, i am happy about that
after observing the candles price action i straightaway entry in that same time frame.
however say the SL is 45 pips and i am not happy about that
i go down to m15 or m5 and wait further for price to retest the ltf engulf.
it can have a more precise entry but on the other hand have more whipsaws on ltf.

that is why it is useless for traders asking for 'proof of success' of any method,
for the reasons that any 2 traders will have different entries and exits.
one can win because of the exit, while the other can lose because holding the trade for too long.
ITB - Seeing Orderliness amongst 'Randomness'
  • #183
  • Oct 2, 2023 6:55am Oct 2, 2023 6:55am
this was for a london open sell
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ITB - Seeing Orderliness amongst 'Randomness'
  • #184
  • Oct 2, 2023 10:02am Oct 2, 2023 10:02am
Quoting Inthebox
this was for a london open sell {image}
also a sell in new york session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #185
  • Oct 2, 2023 10:19am Oct 2, 2023 10:19am
Quoting stevepatt
{quote} GBP/JPY M1 Observations The 1 Minute Time Frame isn't just noise when used in context with the Higher Time Frames {image}
GBP/JPY H1 M15 M5 Observations
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  • #186
  • Oct 2, 2023 10:47am Oct 2, 2023 10:47am
Quoting stevepatt
{quote} GBP/JPY H1 M15 M5 Observations {image} {image} {image}

GBP/JPY Short Trade
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  • #187
  • Oct 2, 2023 11:20am Oct 2, 2023 11:20am
https://www.tradingview.com/x/5mvaEd01

Higher high to higher low.
Lower high to lower low

Daily.

At 4h, i was looking for shorts because of daily bias.

Found the 4h engulf to south.
Waitied for price to return and short
Trading is gambling. So gamble responsibly.
  • #188
  • Oct 2, 2023 11:21am Oct 2, 2023 11:21am
what does this congestion mean?
will it break above london or asia high?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #189
  • Oct 2, 2023 11:49am Oct 2, 2023 11:49am
Quoting Inthebox
what does this congestion mean? will it break above london or asia high? {image}

Hi Inthebox,

Indecision, wait and see.....
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  • #190
  • Oct 2, 2023 12:02pm Oct 2, 2023 12:02pm
Quoting stevepatt
{quote} Hi Inthebox, Indecision, wait and see..... {image}
ranging.
if i were to make a guess, which direction will it be?
if it is from engulf to engulf, price is going to green zone.
the m5 gives me another clue that there is no momentum to go up.
all these zig zag could be accumulation to go down.
ITB - Seeing Orderliness amongst 'Randomness'
  • #191
  • Oct 2, 2023 12:03pm Oct 2, 2023 12:03pm
Quoting stevepatt
{quote} GBP/JPY Short Trade {image}
GBP/JPY Short Trade Result +40 Pips +4 Risk to Reward
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  • #192
  • Oct 2, 2023 12:09pm Oct 2, 2023 12:09pm
Quoting Inthebox
{quote} ranging. if i were to make a guess, which direction will it be? if it is from engulf to engulf, price is going to green zone. the m5 gives me another clue that there is no momentum to go up. all these zig zag could be accumulation to go down.
Quite often we will see Price Push Higher, into the H1 Bearish Engulf, before there is enough Sell Orders to Push Price Lower??

The best thing is to wait and OBSERVE....
  • #193
  • Oct 2, 2023 12:18pm Oct 2, 2023 12:18pm
Quoting stevepatt
{quote} GBP/JPY Short Trade Result +40 Pips +4 Risk to Reward {image}
GBP/JPY H1 Observations
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  • #194
  • Oct 2, 2023 12:45pm Oct 2, 2023 12:45pm
I think breakout candles should be better definition than engulfing candles......
Basically, it's a breakout retesting like Sam Seiden's.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #195
  • Oct 2, 2023 4:20pm Oct 2, 2023 4:20pm
Quoting Inthebox
retest to target. you should know what to do at target. {image}
Quoting Inthebox
{quote} ranging. if i were to make a guess, which direction will it be? if it is from engulf to engulf, price is going to green zone. the m5 gives me another clue that there is no momentum to go up. all these zig zag could be accumulation to go down.
result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #196
  • Oct 2, 2023 4:28pm Oct 2, 2023 4:28pm
GJ up or down?

I will take an entry once spread get little lower (NFA)
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If you believe in yourself anything is possible !!
  • #197
  • Edited 9:38pm Oct 2, 2023 9:23pm | Edited 9:38pm
we had a strong bearish candle yesterday and it is now at a h4 support.
do we still want to look for long risking that the support could break?
each will have their own view.

there were 2 strong bearish candles coming down from asia high.
somebody is selling, would you want to buy?
if buying what are you looking out for?
would you buy now since it is at the bottom of support
or wait further price action?
then one can also split the buy into 2.
one buy now, the other for further development.

always refer back to htf, don't be blinded by ltf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #198
  • Oct 3, 2023 12:48am Oct 3, 2023 12:48am
GBP/JPY Monthly H1 Observations

Everyone will have a different point of view on Price.

Every individual needs to find their style through their Trading Experience, which Takes Time
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  • #199
  • Oct 3, 2023 1:28am Oct 3, 2023 1:28am
Quoting Inthebox
we had a strong bearish candle yesterday and it is now at a h4 support. do we still want to look for long risking that the support could break? each will have their own view. there were 2 strong bearish candles coming down from asia high. somebody is selling, would you want to buy? if buying what are you looking out for? would you buy now since it is at the bottom of support or wait further price action? then one can also split the buy into 2. one buy now, the other for further development. always refer back to htf, don't be blinded by ltf. {image}...
the h4 close can give some hint.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #200
  • Edited 3:29am Oct 3, 2023 3:10am | Edited 3:29am
https://www.tradingview.com/x/id4sqydp

daily engulf.

3pm 5min engulf to the south. London time.

https://www.tradingview.com/x/GYf09a77
Trading is gambling. So gamble responsibly.
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