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MTF Engulf / Engulf fail

  • #421
  • Oct 13, 2023 5:56am Oct 13, 2023 5:56am
Quoting Inthebox
looks like nasdaq targetting today high.
bad trade management, yesterday also closed early
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If you believe in yourself anything is possible !!
  • #422
  • Oct 13, 2023 6:08am Oct 13, 2023 6:08am
Quoting Inthebox
gj h4 / m30 combo {image}
Nice thread and trade on GU
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It's a dirty job but someone's gotta do it!
  • #423
  • Oct 13, 2023 7:16am Oct 13, 2023 7:16am
Gold on Daily Chart
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If you believe in yourself anything is possible !!
  • #424
  • Oct 13, 2023 7:42am Oct 13, 2023 7:42am
Quoting Inthebox
looks like nasdaq targetting today high.
nasdaq sr flip]
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ITB - Seeing Orderliness amongst 'Randomness'
  • #425
  • Oct 13, 2023 8:29am Oct 13, 2023 8:29am
Quoting Inthebox
{quote} nasdaq sr flip] {image}
thnx, I took it too
If you believe in yourself anything is possible !!
  • #426
  • Oct 13, 2023 6:07pm Oct 13, 2023 6:07pm
Hi ITP. I have drawn so s from W down to 30. Can you please give me your thoughts on this? Again I thank you as you time is so appreciated!
1) W directional flow is up as recently tested zone below.
2) D is approaching zone above so expect bounce lower before continuing up
3) 4h Confirms D
4) 30 shows entry zones for short trade.

just want to know if I’m on the right track?
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  • #427
  • Oct 13, 2023 11:22pm Oct 13, 2023 11:22pm
Quoting 1Hour
Hi ITP. I have drawn so s from W down to 30. Can you please give me your thoughts on this? Again I thank you as you time is so appreciated! 1) W directional flow is up as recently tested zone below. 2) D is approaching zone above so expect bounce lower before continuing up 3) 4h Confirms D 4) 30 shows entry zones for short trade. just want to know if I’m on the right track? {image} {image} {image} {image}
w1 trying to reach upper engulf
d1 acting as road block
h4 also has road block
so expect ranging
when h4 close above the lower engulf fail (h1 would have engulf fail)
switch to m30 for set up with small TP.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #428
  • Oct 14, 2023 1:24am Oct 14, 2023 1:24am
upon experimenting i noticed one engulf pushing something and price retesting on that engulf makes a strong directional bias. Sometimes it's really hard to say price will be cause by the old engulf on the otherside as bounce.
Trading is gambling. So gamble responsibly.
  • #429
  • Oct 14, 2023 2:08am Oct 14, 2023 2:08am
golden week.
you know that it's a trend run when price did not even come down to touch the red candles.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #430
  • Oct 14, 2023 2:15am Oct 14, 2023 2:15am
Quoting Sovy
upon experimenting i noticed one engulf pushing something and price retesting on that engulf makes a strong directional bias. Sometimes it's really hard to say price will be cause by the old engulf on the otherside as bounce.
post a chart please
ITB - Seeing Orderliness amongst 'Randomness'
  • #431
  • Oct 14, 2023 2:21am Oct 14, 2023 2:21am
Quoting Inthebox
{quote} post a chart please
https://www.tradingview.com/x/0HjaXUFO

Upon retest i can enter a long. Then target the above possible ceiling or atleast the range of the engulf

https://www.tradingview.com/x/mdUYeSKQ
Trading is gambling. So gamble responsibly.
  • #432
  • Oct 14, 2023 3:28am Oct 14, 2023 3:28am
Quoting Sovy
{quote} https://www.tradingview.com/x/0HjaXUFO Upon retest i can enter a long. Then target the above possible ceiling or atleast the range of the engulf https://www.tradingview.com/x/mdUYeSKQ
yes. from that time frame that you are using engulf to engulf.
it is all fractal.
move one time frame up shows different story line.
on the last move down, it could not reach the h1 engulf.
and tells that now price is squeezing itself with smaller range on a weekend.

oh i have never traded bitcoin before. the market is open on weekend. but that will be leading a crazy life.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #433
  • Oct 14, 2023 5:40am Oct 14, 2023 5:40am
Hi ITB, price at 4 hour engulf, drilling down LTF to 15m until I found a failed engulf. Am I getting close now?
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  • #434
  • Oct 14, 2023 6:17am Oct 14, 2023 6:17am
Quoting 1Hour
Hi ITB, price at 4 hour engulf, drilling down LTF to 15m until I found a failed engulf. Am I getting close now? {image} {image}
yes.
find your sl that you are comfortable with. whether below m15 or h4 engulf.
ITB - Seeing Orderliness amongst 'Randomness'
  • #435
  • Oct 14, 2023 6:42am Oct 14, 2023 6:42am
Using otb and time

https://www.tradingview.com/x/G0ZZ2dNM

8 to 9 ny is the range and price pierced it.

Looking now for a 2ndary entry where price bounces on a bullish engulf. Hehe
Trading is gambling. So gamble responsibly.
  • #436
  • Oct 14, 2023 8:02pm Oct 14, 2023 8:02pm
Quoting Inthebox
{quote} yes. find your sl that you are comfortable with. whether below m15 or h4 engulf.
thank you again so much I really appreciate you time and patience again! Your feedback is helpin a lot.

I have drawn some zone again practicing to see what you think again!
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  • #437
  • Oct 14, 2023 11:11pm Oct 14, 2023 11:11pm
Quoting 1Hour
Hi ITP. I have drawn so s from W down to 30. Can you please give me your thoughts on this? Again I thank you as you time is so appreciated! 1) W directional flow is up as recently tested zone below. 2) D is approaching zone above so expect bounce lower before continuing up 3) 4h Confirms D 4) 30 shows entry zones for short trade. just want to know if I’m on the right track? {image} {image} {image} {image}
hi, do you have c,mc pro account? I applied but they asking a lots of documents. One of my friends only trade 1 week on c,mc pro for full year and make 20k-40k.
Only c,mc pro has this hidden facilities, i tried to approve a account but failed.
  • #438
  • Oct 14, 2023 11:16pm Oct 14, 2023 11:16pm
Quoting BDfx77
{quote} hi, do you have c,mc pro account? I applied but they asking a lots of documents. One of my friends only trade 1 week on c,mc pro for full year and make 20k-40k. Only c,mc pro has this hidden facilities, i tried to approve a account but failed.
hi, yes it’s CMC but not a pro account.
  • #439
  • Oct 14, 2023 11:42pm Oct 14, 2023 11:42pm
Hi team,
from daily perspective bull flag in play incicating more upmove
when we drop to H4 there is clear FVG and as we know price mostly will fill it to get some fuel for another push up.
But then again when we go to H1/M30 there is a road block wit another zone, will price bounce form that zone and go higher straight away ?
or maybe come back to retest 1890 area
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  • #440
  • Oct 14, 2023 11:55pm Oct 14, 2023 11:55pm
Quoting 1Hour
{quote} thank you again so much I really appreciate you time and patience again! Your feedback is helpin a lot. I have drawn some zone again practicing to see what you think again! {image} {image} {image} {image}
around the current market price, w1, d1, h4 directions are bearish
h1 tried to bounce but has to over come the engulfs above.
probably price would want a retest of w1 engulf below.
maybe take out the w1 low liquidity before going up.
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ITB - Seeing Orderliness amongst 'Randomness'
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