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MTF Engulf / Engulf fail

  • #301
  • Oct 9, 2023 3:02am Oct 9, 2023 3:02am
do you also have this gap on GOLD?
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  • #302
  • Oct 9, 2023 3:13am Oct 9, 2023 3:13am
Quoting 19monza64
do you also have this gap on GOLD? {image}
yes. most pairs have gaps.
due to israel hamas war.
ITB - Seeing Orderliness amongst 'Randomness'
  • #303
  • Oct 9, 2023 4:42am Oct 9, 2023 4:42am
most pairs except for exotic pairs like ga are ranging
accumulating for new york session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #304
  • Oct 9, 2023 9:21am Oct 9, 2023 9:21am
Quoting 19monza64
do you also have this gap on GOLD? {image}
Well where is the Bulish Engulf there in the screenshot?
  • #305
  • Oct 9, 2023 9:54am Oct 9, 2023 9:54am
Quoting losu
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) {image} {image}
Hi all, my update for today:
USDCAD: H4 Bias still down, New H4 Engulf to watch >> Some LTF ef happens, trying to catch those targetting to lower H4 Engulf
XAUUSD: H4 Bias is up but price is ranging
GU (New to watch): Daily and H4 Bearish Engulf are reached, Bullish Engulf removed but Bias is up. Wait for bias to change or Bearish engulf is removed.

Hope to hear from you if any further comments
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  • #306
  • Edited 10:19am Oct 9, 2023 9:57am | Edited 10:19am
Quoting losu
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) {image} {image}
gold. new york se open
gu new york session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #307
  • Oct 9, 2023 10:14am Oct 9, 2023 10:14am
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

Thank you so much

My brain cell is getting old i guess
  • #308
  • Oct 9, 2023 10:53am Oct 9, 2023 10:53am
Quoting losu
{quote} Hi all, my update for today: USDCAD: H4 Bias still down, New H4 Engulf to watch >> Some LTF ef happens, trying to catch those targetting to lower H4 Engulf XAUUSD: H4 Bias is up but price is ranging GU (New to watch): Daily and H4 Bearish Engulf are reached, Bullish Engulf removed but Bias is up. Wait for bias to change or Bearish engulf is removed. Hope to hear from you if any further comments {image} {image} {image}
h4 different due to different brokers' servers.
when price retest h4 zone switch to h1 or m30 for set up
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ITB - Seeing Orderliness amongst 'Randomness'
  • #309
  • Oct 9, 2023 1:01pm Oct 9, 2023 1:01pm
Keep an eye on EA, this zone played well many times in the past
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If you believe in yourself anything is possible !!
  • #310
  • Oct 9, 2023 1:34pm Oct 9, 2023 1:34pm
nasdaq closing of gap
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ITB - Seeing Orderliness amongst 'Randomness'
  • #311
  • Oct 9, 2023 7:12pm Oct 9, 2023 7:12pm
Quoting Inthebox
{quote} h4 different due to different brokers' servers. when price retest h4 zone switch to h1 or m30 for set up {image} {image}
Thanks ITB, but I prefer newly formed setup over the nested LTF engulf, to confirm the bias and avoid the wick out of engulf range
  • #312
  • Oct 9, 2023 9:15pm Oct 9, 2023 9:15pm
gu h4 mapping
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ITB - Seeing Orderliness amongst 'Randomness'
  • #313
  • Oct 9, 2023 10:11pm Oct 9, 2023 10:11pm
Quoting Inthebox
gu h4 mapping {image}
one more push upward I guess.
i may wrong
PA Return Today: na
  • #314
  • Oct 9, 2023 10:31pm Oct 9, 2023 10:31pm
Quoting LeongPuiy
{quote} one more push upward I guess. i may wrong
we don't know and there is no need to guess.
see lower time frames h1 to m1 reaction.
if price want to go up, it will break ltf bearish engulf, making it a fail engulf.
up till now, it did not manage to break any even in m5.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #315
  • Oct 9, 2023 10:50pm Oct 9, 2023 10:50pm
Quoting Inthebox
{quote} we don't know and there is no need to guess. see lower time frames h1 to m1 reaction. if price want to go up, it will break ltf bearish engulf, making it a fail engulf. up till now, it did not manage to break any even in m5. {image}
i try to only focus LO and Early NY PA,
asian session i skip, it is slow and manipulating.
15m we can see clearly relative equal low ,
so no rush to enter low volatility market yet.
i still not consistent yet,
has a big winning last week but give back at NFP
PA Return Today: na
  • #316
  • Oct 9, 2023 11:02pm Oct 9, 2023 11:02pm
the usd index.
market is fractal.
the daily engulfs within the weekly.
probably weakening to reach target by new york session or later in the week.
if we are trading gu, we can use this as a reference and timing.
if gu is not affected by usd weakening, this means that gbp is even weaker.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #317
  • Oct 9, 2023 11:06pm Oct 9, 2023 11:06pm
Quoting LeongPuiy
{quote} i try to only focus LO and Early NY PA, asian session i skip, it is slow and manipulating. 15m we can see clearly relative equal low , so no rush to enter low volatility market yet. i still not consistent yet, has a big winning last week but give back at NFP
if price is going down for the m15 equal low
it will go further down to target the upper blue box in my chart.
theoretically.
ITB - Seeing Orderliness amongst 'Randomness'
  • #318
  • Oct 9, 2023 11:40pm Oct 9, 2023 11:40pm
Quoting Inthebox
{quote} if price is going down for the m15 equal low it will go further down to target the upper blue box in my chart. theoretically.
noted bro.
i waiting LO n NY session.
for now just leave it and watch
PA Return Today: na
  • #319
  • Oct 9, 2023 11:58pm Oct 9, 2023 11:58pm
Quoting LeongPuiy
{quote} noted bro. i waiting LO n NY session. for now just leave it and watch
i know.
i am just showing live to traders how the trade flows for my sell trade.
ITB - Seeing Orderliness amongst 'Randomness'
  • #320
  • Edited 12:41am Oct 10, 2023 12:25am | Edited 12:41am
Quoting Inthebox
gu h4 mapping {image}
remember the concept?
price flows from engulf to engulf.
simple nothing complicated.

within the h4 bearish engulf, gu flows down from h1 engulf to find a lower h1 engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
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