ITB, D engulf bounce, 30min failed engulf, enter new engulf.
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DislikedHi sir, have you tried using the open as the base and then whether price moves x pips above or bellow it for bias?Ignored
Disliked{quote} you can use week or day or section open as reference points. why wait for price to move x pips or not, we do not know whether it's an intended false move or not. why not use how may engulfs or engulf fails had been broken for direction? what we know is that price will move during europe london new york sessions. when the time comes, wait and see what price is doing at a specific key level. will those times provide more successful trades than outside of those times? or else just scalp during other times.Ignored
Dislikedacting as support or resistant? one thing for sure, price will range between the lines. flip through all time frames to determine yourself. some will decide now and some during europe open. {image}Ignored
Disliked{quote} there are so many levels. our job as trader is to find the right key level for our trade entry. {image}Ignored
Disliked{quote} And how do you decide wichone is going to work or not? That is the problem with order blocks engulfing and any kind of supply demand that you have so many areas Thanks Kind regardsIgnored
Disliked{quote} i purposely use m1 because traders are so eager to trade that they can't wait. so do not use m1 as a level to watch. so let's say only do 1 trade per session. we have 2 trades per day. surely we can wait for london and new york session to match a htf engulf right? just like this one. https://www.forexfactory.com/thread/...4#post14618374Ignored
Disliked{quote} Ok that looks very clean, But what should at look into to have confidence that it will hold. Wicks rejections, small candles hitting the zone for example or what will make me confident that will hold? Edit I do not look at the 1 min chart, I do look at the 5 minIgnored
Disliked{quote} actually my purpose is to buy because price bounced up from h4 bullish engulf. and for last 2 weeks from bottom to top we are now at discount. in the m30 we are also at discount. {image}Ignored
Disliked{quote} ok. But currently the order flow favour bearish. maybe we see any reverse at NY, but for now i still thinking 2104.7 as a ssl first. From last 2 week, this 2104.7 as 79% discount.Ignored
Disliked{quote} if the method gives you 70% win rate would that give you the confidence to hold? it all depend on the individual as there is no such thing as 100%. some individual has 80-90% win rate. so just put the SL expecting it to be hit 30% of the time. it gives me confidence because: 1. london session volume 2. matching htf engulf during london session 3. ltf engulf matching htf engulf. solely about the simplicity of mtf engulfing and breakout. {image}Ignored
Disliked{quote} ok. just be aware of the weekly imbalance. price can only target 2 places. {image}Ignored