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MTF Engulf / Engulf fail

  • #541
  • Oct 19, 2023 5:45am Oct 19, 2023 5:45am
Quoting Inthebox
{quote} today so far ..... all buying move from frankfurt open {image}
dax engulf still intact, continue the buy. nasdaq too.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #542
  • Oct 19, 2023 6:20am Oct 19, 2023 6:20am
Quoting Inthebox
{quote} dax engulf still intact, continue the buy. nasdaq too. {image}
Would the bearish engulf not have put you off the buy? Or did you still see this as a possible bullish run due to the bullish hourly candle's high after it breaking the bearish open? Just intrigued. Before this strategy I would have 100% thought a bearish run would occur with that Huge bearish engulf
  • #543
  • Oct 19, 2023 6:38am Oct 19, 2023 6:38am
Quoting Inthebox
i see a number of new members starting to post now. if they have made less than 6 posts, it will not appear immediately. it will be like a couple of hours late. so i may miss some of the posts. try to make more than 6 posts.
Is 6 posts the limit for moving from a junior member to member? My posts need approving currently and it's taking ages
  • #544
  • Oct 19, 2023 7:16am Oct 19, 2023 7:16am
Quoting Villafan911
{quote} Would the bearish engulf not have put you off the buy? Or did you still see this as a possible bullish run due to the bullish hourly candle's high after it breaking the bearish open? Just intrigued. Before this strategy I would have 100% thought a bearish run would occur with that Huge bearish engulf
see the previous h4 impulse move up?
this will outweigh any h1 bearishness, at least temporarily.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #545
  • Oct 19, 2023 7:18am Oct 19, 2023 7:18am
Quoting Villafan911
{quote} Is 6 posts the limit for moving from a junior member to member? My posts need approving currently and it's taking ages
post 3 more, then see how.
ITB - Seeing Orderliness amongst 'Randomness'
  • #546
  • Oct 19, 2023 7:26am Oct 19, 2023 7:26am
Quoting Inthebox
{quote} see the previous h4 impulse move up? this will outweigh any h1 bearishness, at least temporarily. {image}
Ah I see. I can see the zone has been tested many times and still held strong for a buy. When would you consider the H4 engulf to be invalid though? Most recent H4 candles have closed lower than what would be the marked zone. Or would it be as simple as a strong bearish H4 candle closing way below?
  • #547
  • Oct 19, 2023 7:34am Oct 19, 2023 7:34am
https://www.tradingview.com/x/3UlWAcge

4h bear engulf price coming back. Trendlines to limit the rise.
Trading is gambling. So gamble responsibly.
  • #548
  • Oct 19, 2023 8:08am Oct 19, 2023 8:08am
Quoting Villafan911
{quote} Ah I see. I can see the zone has been tested many times and still held strong for a buy. When would you consider the H4 engulf to be invalid though? Most recent H4 candles have closed lower than what would be the marked zone. Or would it be as simple as a strong bearish H4 candle closing way below?
a h4 close below the engulf would invalid it.
however you have to be aware are there any other higher than h4 engulf in the vicinity that is opposite in direction to it.
ITB - Seeing Orderliness amongst 'Randomness'
  • #549
  • Oct 19, 2023 9:16am Oct 19, 2023 9:16am
Great strategy, wish more examples were shown
  • #550
  • Oct 19, 2023 9:23am Oct 19, 2023 9:23am
Quoting lfcssj
Great strategy, wish more examples were shown
you see it every single day.
ITB - Seeing Orderliness amongst 'Randomness'
  • #551
  • Oct 19, 2023 10:23am Oct 19, 2023 10:23am
please Inthebox, where is my error in reasoning
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  • #552
  • Oct 19, 2023 10:33am Oct 19, 2023 10:33am
Quoting Inthebox
{quote} dax engulf still intact, continue the buy. nasdaq too. {image}
indices going back down
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ITB - Seeing Orderliness amongst 'Randomness'
  • #553
  • Edited 10:46am Oct 19, 2023 10:36am | Edited 10:46am
Quoting Heini
please Inthebox, where is my error in reasoning {image}
see my h1 and m15 engulf zone above.
i also explain here.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #554
  • Oct 19, 2023 10:59am Oct 19, 2023 10:59am
many other reasons for the drop, depending on which school of thoughts you come from.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #555
  • Oct 19, 2023 11:02am Oct 19, 2023 11:02am
Quoting Inthebox
{quote} see my h1 and m15 engulf zone above. i also explain here. {image}
ok thanks, I need to sharpen my eyes
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  • #556
  • Oct 19, 2023 11:05am Oct 19, 2023 11:05am
I don't have a good look
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  • #557
  • Oct 19, 2023 11:13am Oct 19, 2023 11:13am
Quoting Inthebox
{quote} indices going back down {image}
your entry is immediately still in the drop candle ?
  • #558
  • Oct 19, 2023 11:15am Oct 19, 2023 11:15am
Quoting Heini
I don't have a good look{image}
price just ding dong between the 2 h1 engulf until one side gives way to breakout
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ITB - Seeing Orderliness amongst 'Randomness'
  • #559
  • Oct 19, 2023 11:19am Oct 19, 2023 11:19am
Quoting Heini
{quote} your entry is immediately still in the drop candle ?
you can have 2 choices.
enter when touch.
or go to lower time frames, even m1 or seconds to find engulf.
it is all fractals. every time frames you can find engulf.
but the choice is made by the one that click the mouse at what ever time frames he likes to use.
ITB - Seeing Orderliness amongst 'Randomness'
  • #560
  • Oct 19, 2023 11:21am Oct 19, 2023 11:21am
ok so the entries should have been done like this?
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