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

  • #281
  • Oct 7, 2023 7:04pm Oct 7, 2023 7:04pm
Quoting imifx
{quote} Yes, it included everything you quoted. While we compare 20% of a small account we got dissatisfied however in long run with compounding it does miracle. I am trying to 1-2% per day and stop trading after that.
Sent you a shout,, read it and let me know pal
  • #282
  • Oct 7, 2023 7:05pm Oct 7, 2023 7:05pm
Quoting max pain
{quote} Well summarized. Been following your thread and seen the setups, they are good. I prefer support/resistance and your method does just that in a different manner. Good luck and wish you lots of pips. @imifx : We have all been through this @ some point. Some take longer to mend their ways some learn quick. But better late than never buddy.. mend the rules. 1800% is damn good but then blowing it off is just not sensible trading. Prepare yourself mentally and you will never lose the longer battle.
Exactly, It's not sensible. I am being transparent so all new traders and even experienced traders remind the fact that high leavrage and overtrading is a killer.

Last week gold trading was so easy with ITB method and with small risk I took my account to 130%. This is not first time I am doing it however the real game is Managing the risk.
If you believe in yourself anything is possible !!
  • #283
  • Oct 7, 2023 7:07pm Oct 7, 2023 7:07pm
Quoting T721
{quote} Sent you a shout,, read it and let me know pal
Thanks a lot, I will connect with you next week may be. Thanks so much for the offer.
If you believe in yourself anything is possible !!
  • #284
  • Oct 7, 2023 7:25pm Oct 7, 2023 7:25pm
Quoting imifx
{quote} Thanks a lot, I will connect with you next week may be. Thanks so much for the offer.
Not a problem pal just send me a dm and we can arrange a suitable time, And it will put you miles and miles ahead of where you are now and what you think you know. And i promise i am not selling anything --- Done a 2hr session today with Cablekingdom who i have never talked to b4 but even in that short session he has seen the right way to be looking at the market
PS if you are a bit shy get Timetells to join aswell, i love helping people to see the markets from a different perspective
  • #285
  • Oct 7, 2023 7:26pm Oct 7, 2023 7:26pm
Quoting T721
{quote} Not a problem pal just send me a dm and we can arrange a suitable time, And it will put you miles and miles ahead of where you are now and what you think you know. And i promise i am not selling anything --- Done a 2hr session today with Cablekingdom who i have never talked to b4 but even in that short session he has seen the right way to be looking at the market PS if you are a bit shy get Timetells to join aswell, i love helping people to see the markets from a different perspective


And by the way i have been trading 4ever and still dont get every trade right and never will, anyone who tells you they do avoid like the plague
  • #286
  • Edited 7:00am Oct 8, 2023 6:42am | Edited 7:00am
Quoting Inthebox
guys post your h4 engulfs everyday. h4 will do as it is a medium term view good for intraday trading. the smallest of all the htf.
by posting h4 engulfs we know which way the direction flow will be for the next trade.
if you have study this thread deligently, everyone has the same knowledge, we see the same thing.

trade entry is in the lower time frames. how low should it be?
who knows? h1 all the way down to m1. as long as you are comfortable with it.
each one is different. each has his own entry strategy.

but the crux of the matter is trade management.
if you manage your trade well, it also means that you are managing your risk.
every one can say, have the same entry,
how do you decide to end the trade? TP or trade exit and SL or cut loss, or no SL.
makes a big difference whether the trade turns out to be profit or loss.
ITB - Seeing Orderliness amongst 'Randomness'
  • #287
  • Oct 8, 2023 6:59am Oct 8, 2023 6:59am
I see, read and will forget easily.
only when you involve the act of doing by posting,
your understanding will increase in time to come.
the more you do your homework and post, the more you will remember your mistakes
and impress onto your mind what to do, what not to do in future.

if you are afraid to make mistakes and prefer the easy way out
by watching only as if you have super memory.
well, it won't stick.
you have to come face to face with your fear and face it head on
only then can you see improvement in your trading journey.
ITB - Seeing Orderliness amongst 'Randomness'
  • #288
  • Oct 8, 2023 7:12am Oct 8, 2023 7:12am
Will you be willing to show me?
  • #289
  • Oct 8, 2023 8:00am Oct 8, 2023 8:00am
Quoting Inthebox
I see, read and will forget easily. only when you involve the act of doing by posting, your understanding will increase in time to come. the more you do your homework and post, the more you will remember your mistakes and impress onto your mind what to do, what not to do in future. if you are afraid to make mistakes and prefer the easy way out by watching only as if you have super memory. well, it won't stick. you have to come face to face with your fear and face it head on only then can you see improvement in your trading journey.
Hi Inthebox,

I'll give it a go.

For the moment, at least, I'm going to stick to the two Markets it works best for me.
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  • #290
  • Edited 11:05am Oct 8, 2023 10:45am | Edited 11:05am
the whole concept is that price moves from one level to the next level,
from one engulf to the opposite engulf. from bullish engulf to bearish engulf as target.
if you see and start from h4 bearish engulf, it will end at h4 bullish engulf
if you see and start from m15 bullish engulf, it will end at m15 bearish engulf.
it happens in every time frames from mn all the way down to m1.
market is fractal and it will be easier and faster for lower time frames to reach its target than higher time frames ones.
mn, w1, d1, h4 engulf shows you the helicopter view and presents to you the bigger picture road map with the direction bias.
the smaller time frames engulf h1 to m1 present to you the obstacles or road blocks that can prevent price from reaching the higher time frames target.
it is also your entry time frames.
only when you see the smaller time frames engulf broken and cleared, then price will look to go to a higher time frame engulf target.
ITB - Seeing Orderliness amongst 'Randomness'
  • #291
  • Oct 8, 2023 11:38am Oct 8, 2023 11:38am
Hi Inthebox and all,

Here is my view for pairs with clear levels to me.
Still watching for entry around those H4 levels.
(My blue zone is daily engulf and yellow ones is H4)
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  • #292
  • Oct 8, 2023 2:27pm Oct 8, 2023 2:27pm
Hi

I have been following the thread since page 1 and something hasnt stuck in my head

Inthebox: Can you show some pictures of an englfing candle and a engulfing fail candles please ?
  • #293
  • Oct 8, 2023 3:13pm Oct 8, 2023 3:13pm
Quoting Pervaz
Hi I have been following the thread since page 1 and something hasnt stuck in my head Inthebox: Can you show some pictures of an englfing candle and a engulfing fail candles please ?
i am using the image from post 1.
it is the same thing as supply demand or ICT order block.
i use the word engulf because it existed and known before the latter two.
Implication of engulf fail. https://www.forexfactory.com/thread/...3#post14590243
Engulf fail followed by an engulf entry provide a lower risk trade. https://www.forexfactory.com/thread/...1#post14591101
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ITB - Seeing Orderliness amongst 'Randomness'
  • #294
  • Oct 8, 2023 8:48pm Oct 8, 2023 8:48pm
Quoting Inthebox
{quote} i am using the image from post 1. it is the same thing as supply demand or ICT order block. i use the word engulf because it existed and known before the latter two. Implication of engulf fail. https://www.forexfactory.com/thread/...3#post14590243 Engulf fail followed by an engulf entry provide a lower risk trade. https://www.forexfactory.com/thread/...1#post14591101 {image} {image} {image}...
hi ITB thanks for the thread you work and patience it’s fantastic so thank you so much firstly!

are my zones along the right track? 4 hour zone indicate a upwards bias to the engulf, then on the LTF wait potentially enter on the engulf below.

again, sorry if I’m way off, just some clarity and pointers I think would help me greatly, I feel I can grasp this with some feedback!

also, to the left of the LTF is a failed engulf so makes the entry more low risk?
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  • #295
  • Oct 8, 2023 9:19pm Oct 8, 2023 9:19pm
Quoting 1Hour
{quote} hi ITB thanks for the thread you work and patience it’s fantastic so thank you so much firstly! are my zones along the right track? 4 hour zone indicate a upwards bias to the engulf, then on the LTF wait potentially enter on the engulf below. again, sorry if I’m way off, just some clarity and pointers I think would help me greatly, I feel I can grasp this with some feedback! also, to the left of the LTF is a failed engulf so makes the entry more low risk? {image} {image}
on h4 in the vicinity of current market price, mark something like 2 engulfs below and 2 engulfs above.
if you are day trading, there is no need to have too many engulfs drawn.
the 2 engulfs above are the targets.
there was already a m30 buy set up.
target can be tp1 at m30 bearish engulf, tp2 at h4 bearish engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #296
  • Oct 8, 2023 10:14pm Oct 8, 2023 10:14pm
Quoting Inthebox
{quote} on h4 in the vicinity of current market price, mark something like 2 engulfs below and 2 engulfs above. if you are day trading, there is no need to have too many engulfs drawn. the 2 engulfs above are the targets. there was already a m30 buy set up. target can be tp1 at m30 bearish engulf, tp2 at h4 bearish engulf. {image} {image}
ok great than you so much!

sorry if my terminology is wrong but I’ll explain what I mean by the below.

failed engulf making the new engulf above price action low risk for a short entry, and the target would be below?
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  • #297
  • Oct 8, 2023 10:39pm Oct 8, 2023 10:39pm
Quoting 1Hour
{quote} ok great than you so much! sorry if my terminology is wrong but I’ll explain what I mean by the below. failed engulf making the new engulf above price action low risk for a short entry, and the target would be below? {image}
there are 2 options for m30:
1.wait for retracement to E for entry after FE.
2. price closed below FE, entry upon retracement to FE.
if price bounce up from T to E, another entry.
note that there are 2 bullish E 1&2.
they are near to each other, price will often go to the lower one.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #298
  • Oct 9, 2023 12:39am Oct 9, 2023 12:39am
Quoting Ife-obi
Will you be willing to show me?
i am already showing here to everyone.
everyone has the same knowledge.
now back to you.
will you be willing to diligently study this thread and post here?
i will personally draw my chart for you to compare just like above.
will you be willing to diligently post here for 3 to 6 months until you understand?
ITB - Seeing Orderliness amongst 'Randomness'
  • #299
  • Oct 9, 2023 1:13am Oct 9, 2023 1:13am
Quoting Inthebox
{quote} there are 2 options for m30: 1.wait for retracement to E for entry after FE. 2. price closed below FE, entry upon retracement to FE. if price bounce up from T to E, another entry. note that there are 2 bullish E 1&2. they are near to each other, price will often go to the lower one. {image}
thanks again, this is great!

inhave tried to draw on a 5min chart here. Two failed engulfs, then a engulf just under current price.
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  • #300
  • Oct 9, 2023 2:38am Oct 9, 2023 2:38am
today is monday, no news event and bank holidays.
what would be a realistic amount of TP?
20 pips, 30 pips?
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ITB - Seeing Orderliness amongst 'Randomness'
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