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Attachments: MTF Engulf / Engulf fail
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MTF Engulf / Engulf fail

  • #581
  • Oct 20, 2023 1:29am Oct 20, 2023 1:29am
Euro slowly going to the 4h fvg. But not yet london open, things may still bork up.

https://www.tradingview.com/x/jYCqDkcH
Trading is gambling. So gamble responsibly.
  • #582
  • Oct 20, 2023 2:14am Oct 20, 2023 2:14am
Quoting Sovy
Euro slowly going to the 4h fvg. But not yet london open, things may still bork up. https://www.tradingview.com/x/jYCqDkcH
daily but m15 is very ugly.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #583
  • Oct 20, 2023 2:49am Oct 20, 2023 2:49am
GBPUSD levels marked
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  • #584
  • Oct 20, 2023 3:07am Oct 20, 2023 3:07am
Quoting Inthebox
{quote} daily but m15 is very ugly. {image}
Yes, it was 9 pips shy target. We will see by the other 12 h

From my 1h entry only 13 pips moved.
however thats why we make judgement call, like 5 pip? Be+1, 10 pip? Be +5 and so on.

https://www.tradingview.com/x/RM5D3wb0

Be+1 and now looking for new entry for later if it does not confirm to the 12h breakout. (Breakout of price from daily open to tokyo close). Literally the first 12h.

Very mechanical.
Trading is gambling. So gamble responsibly.
  • #585
  • Oct 20, 2023 3:45am Oct 20, 2023 3:45am
Quoting Villafan911
GBPUSD levels marked {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #586
  • Oct 20, 2023 3:50am Oct 20, 2023 3:50am
Boss uj did it again
Trading is gambling. So gamble responsibly.
  • #587
  • Oct 20, 2023 4:05am Oct 20, 2023 4:05am
Quoting Inthebox
{quote} {image}
update
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ITB - Seeing Orderliness amongst 'Randomness'
  • #588
  • Oct 20, 2023 4:09am Oct 20, 2023 4:09am
Quoting Inthebox
{quote} {image}
Thanks for posting this. For some reason your rule "when market opens look for engulfs near the current market price" didn't click but it has now! Missed a great buy opportunity
  • #589
  • Oct 20, 2023 4:22am Oct 20, 2023 4:22am
Quoting Villafan911
{quote} Thanks for posting this. For some reason your rule "when market opens look for engulfs near the current market price" didn't click but it has now! Missed a great buy opportunity
exactly.
this is to those who just want to sit back and watch and thought that you have got it.
only when you participate and post, only then the mistakes can be pointed out.
ITB - Seeing Orderliness amongst 'Randomness'
  • #590
  • Oct 20, 2023 4:29am Oct 20, 2023 4:29am
Quoting Inthebox
the bullish engulf is a counter trend. so do not be greedy. {image}
shark this is the result talking to a friend on the phone.
not focusing and missed taking profit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #591
  • Oct 20, 2023 4:46am Oct 20, 2023 4:46am
Hi

ITB can you please review so i understand

The first pic is of the EURUSD 4Hour with the 2 engulf and then the second pic shows (with hindsight !!) where i would buy (red arrows)

Is this correct ?
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  • #592
  • Oct 20, 2023 5:05am Oct 20, 2023 5:05am
Quoting Pervaz
Hi ITB can you please review so i understand The first pic is of the EURUSD 4Hour with the 2 engulf and then the second pic shows (with hindsight !!) where i would buy (red arrows) Is this correct ?{image} {image}
your entry on 18oct
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ITB - Seeing Orderliness amongst 'Randomness'
  • #593
  • Oct 20, 2023 5:17am Oct 20, 2023 5:17am
Quoting Inthebox
{quote} shark this is the result talking to a friend on the phone. not focusing and missed taking profit. {image}
rescued
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ITB - Seeing Orderliness amongst 'Randomness'
  • #594
  • Oct 20, 2023 5:20am Oct 20, 2023 5:20am
Hi

Thanks for that - i didnt see that eg on the 17th.

Do you place importance on all englufing candles (if they fit in the criteria on page 1) - I tried that approach and almost lost the background colour !
  • #595
  • Oct 20, 2023 5:25am Oct 20, 2023 5:25am
gj buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #596
  • Oct 20, 2023 5:32am Oct 20, 2023 5:32am
Quoting Pervaz
Hi Thanks for that - i didnt see that eg on the 17th. Do you place importance on all englufing candles (if they fit in the criteria on page 1) - I tried that approach and almost lost the background colour !
do you understand this?
https://www.forexfactory.com/thread/...6#post14624586

you only need to draw one or two htf engulf
and within that engulf, switch to lower time frame to find one or two ltf engulf.
for example htf engulf h4, switch to h1, m30, say m15 you found one, stop. do not go down to m5 anymore.
ITB - Seeing Orderliness amongst 'Randomness'
  • #597
  • Oct 20, 2023 5:39am Oct 20, 2023 5:39am
Quoting Inthebox
gj buy {image}
Hi! You entered with the H1 engulf. The price is still ranging in between several H4 engulfs. Does this have any effects in your trade, since it is still unclear where price is heading from the HTF perspective? Are you just taking some scalping-trades as long as the price is going sideways in between the H4 engulfs?
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  • #598
  • Oct 20, 2023 5:50am Oct 20, 2023 5:50am
Quoting Ryan0618
{quote} Hi! You entered with the H1 engulf. The price is still ranging in between several H4 engulfs. Does this have any effects in your trade, since it is still unclear where price is heading from the HTF perspective? Are you just taking some scalping-trades as long as the price is going sideways in between the H4 engulfs? {image}
there are 2 engulfs here. (my chart)
see price broke out of m15 bullish engulf and tested it and bounced up.
h1 bullish engulf is the one that is supporting the m15 engulf.
no scalping for me during europe and new york session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #599
  • Oct 20, 2023 6:33am Oct 20, 2023 6:33am
Quoting Inthebox
gj buy {image}
I probably would have been taken out by the next 15 min candle as it dipped below the zone before shooting back up. Did you not set a SL level on this?
  • #600
  • Oct 20, 2023 6:44am Oct 20, 2023 6:44am
Quoting Villafan911
{quote} I probably would have been taken out by the next 15 min candle as it dipped below the zone before shooting back up. Did you not set a SL level on this?
SL as mentioned in post 1 to be beyond any engulfs that suits my 30-40 pips range.
in this instant, it is nearer to the lower engulf.
and i do not use a hard stop.
furthermore gj is known as the beast. so no small sl.
ITB - Seeing Orderliness amongst 'Randomness'
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