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MTF Engulf / Engulf fail

  • #461
  • Edited 8:05am Oct 16, 2023 7:45am | Edited 8:05am
Quoting Inthebox
matching london open with trade set up zone {image}
Quoting Inthebox
{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}
buy result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #462
  • Oct 16, 2023 7:57am Oct 16, 2023 7:57am
Quoting Inthebox
{quote} {image}
buy result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #463
  • Oct 16, 2023 8:16am Oct 16, 2023 8:16am
london session
germany 30 index
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ITB - Seeing Orderliness amongst 'Randomness'
  • #464
  • Oct 16, 2023 9:21am Oct 16, 2023 9:21am
nasdaq engulfs fail matching nyse open
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ITB - Seeing Orderliness amongst 'Randomness'
  • #465
  • Oct 16, 2023 9:52am Oct 16, 2023 9:52am
today everything buy.
gj buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #466
  • Oct 16, 2023 11:42am Oct 16, 2023 11:42am
Quoting Inthebox
{quote} buy result {image}
gu another buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #467
  • Oct 16, 2023 10:37pm Oct 16, 2023 10:37pm
gold
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ITB - Seeing Orderliness amongst 'Randomness'
  • #468
  • Oct 16, 2023 11:58pm Oct 16, 2023 11:58pm
But there are no takeovers here, including within the specified time frame? Then what's the point?
Quoting Inthebox
gold {image}
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #469
  • Oct 17, 2023 12:00am Oct 17, 2023 12:00am
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my road trip to gold
yellow is weekly eg and beige is dailly
  • #470
  • Oct 17, 2023 12:08am Oct 17, 2023 12:08am
Quoting lipopos
But there are no takeovers here, including within the specified time frame? Then what's the point? {quote}
i am just showing levels, the rest is up to you to monitor the price action.
do not expect that i present the trade set up on the table.
that will be too easy for traders to take trade directly.
it is up to each trader's job to do the hard work to find the trade set up.
ITB - Seeing Orderliness amongst 'Randomness'
  • #471
  • Oct 17, 2023 12:23am Oct 17, 2023 12:23am
Quoting stormtrader
{image} my road trip to gold yellow is weekly eg and beige is dailly
is your intention to sell?
because price already hit the d1 eg above and is now around the w1 eg.
ITB - Seeing Orderliness amongst 'Randomness'
  • #472
  • Oct 17, 2023 2:16am Oct 17, 2023 2:16am
Quoting Inthebox
gold {image}
gold buy result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #473
  • Oct 17, 2023 2:18am Oct 17, 2023 2:18am
reaction from M15 eg + TL
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  • #474
  • Oct 17, 2023 2:49am Oct 17, 2023 2:49am
Quoting Ziemowit
reaction from M15 eg + TL {image}
i think also has to be careful here because gbp Average Earnings Index 3m/ has red result
ITB - Seeing Orderliness amongst 'Randomness'
  • #475
  • Oct 17, 2023 3:09am Oct 17, 2023 3:09am
dax
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ITB - Seeing Orderliness amongst 'Randomness'
  • #476
  • Oct 17, 2023 3:22am Oct 17, 2023 3:22am
Quoting Inthebox
{quote} i think also has to be careful here because gbp Average Earnings Index 3m/ has red result
THANKS!
yes, it took me BE
  • #477
  • Edited 4:17am Oct 17, 2023 3:51am | Edited 4:17am
Boss from htf to ltf do i need to look for a bounce if the bounce already shown in htf?

Example

1. Monthly dxy is bullish
2. Weelly is bullish
3. Daily is bullish, then price goes back to the range of the engulfing
4. Can't i take a buy the moment price pierces a 4h bullish or do i wait for a 4h retracement too?
D1
https://www.tradingview.com/x/wsdZ1oYP
4h
https://www.tradingview.com/x/WaJ7d7CV
Trading is gambling. So gamble responsibly.
  • #478
  • Oct 17, 2023 4:56am Oct 17, 2023 4:56am
What is your view on that?
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  • #479
  • Oct 17, 2023 5:02am Oct 17, 2023 5:02am
Quoting Sovy
Boss from htf to ltf do i need to look for a bounce if the bounce already shown in htf? Example 1. Monthly dxy is bullish 2. Weelly is bullish 3. Daily is bullish, then price goes back to the range of the engulfing 4. Can't i take a buy the moment price pierces a 4h bullish or do i wait for a 4h retracement too? D1 https://www.tradingview.com/x/wsdZ1oYP 4h https://www.tradingview.com/x/WaJ7d7CV
yes you can but you have to ask yourself this question.
what happen if the h4 engulf zone is 75 pips?
are you comfortable with that?
so by switching to lower and lower time frame, your SL will be smaller and smaller right?
how small a time frame? until you are comfortable with the SL.

if your entry is a touch and go one with no retracement, it means there is no some sort of confirmation.
and after making your entry price may keep on going against you.
if your entry is retracement to test a level, at least you know there is some kind of failure swing and not likely to go against you.
ITB - Seeing Orderliness amongst 'Randomness'
  • #480
  • Oct 17, 2023 5:07am Oct 17, 2023 5:07am
Quoting Inthebox
{quote} yes you can but you have to ask yourself this question. what happen if the h4 engulf zone is 75 pips? are you comfortable with that? so by switching to lower and lower time frame, your SL will be smaller and smaller right? how small a time frame? until you are comfortable with the SL. if your entry is a touch and go one with no retracement, it means there is no some sort of confirmation. and after making your entry price may keep on going against you. if your entry is retracement to test a level, at least you know there is some kind of failure...
Ah this is noted.

I personally love the 4h as entry. any entry lower is fine too since that's how i made consistency before by taking small pips over time.

Im adjusting to longer holds to swings.
Trading is gambling. So gamble responsibly.
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