MTF Engulf / Engulf fail

non peak period.
practise m1 engulfing price action within h1 engulf sell.

update.
m5 engulfing price action within h1 engulf sell.

funny things happening
if you know your stuff, there is no cause for alarm.
switch to htf.

gold engulf sell

Inthebox,
I recently came across your trading system and noticed a remarkable resemblance in the strategic approach to those employed by Reds and KennyZ, particularly the essential role of the engulf pattern in generating trade ideas.
Your system appears to have a knack for pinpointing precise entry points, which is quite commendable.
I am intrigued by the mechanics of your trade management, especially in a scenario where the engulf pattern is at play. If it's not a closely guarded secret, could you perhaps shed some light on how you navigate such trades? Below are a couple of strategies I inferred from your transactions:

1. Augmenting one's position upon the identification of a higher engulf, given its stacking nature - this seems to leverage the momentum that comes with successive engulf patterns.
2. Exiting the trade upon a breach of the engulf pattern, only to re-enter upon the detection of a higher engulf - a prudent way to safeguard gains while staying aligned with the market’s rhythm.

Your insights into the above strategies, or any additional tactics you employ to manage trades amidst the dynamics of engulf patterns, would be immensely valuable.
Thank you for your time and consideration. I eagerly await your elucidation on this matter.

engulfing means to cover completely. to have that to happen means that there has to have momentum.
when engulfing happened in the higher time frame means that the momentum is a sustained one made by some institutions.
as retail traders, we do not know what are the key levels of their interests. so from these trails left behind previously, we can more or less guess that level.
when price returns to that level, we assume that the same group of traders will be waiting there.

would you like to know what will price be doing for this week?
over the weekend from the weekly chart if there is a bearish engulf, what does that mean?
similarly if there is a daily chart bearish engulf the previous day, what does that mean for today?
if the h4 also line up with bearish engulf, there is confluence there.
if the h4 or h1 and below having bullish engulf, means that price is retracing.

so it's fractal, the lower time frames are doing the same thing.
we can then wait for the same directional engulfing to precise our entries.

when an engulf originates in d1, mostly likely will end at the d1 opposite engulf.
when an engulf originates in h4, mostly likely will end at the h4 opposite engulf.
the lower time frames will create the road blocks.
also try to ascertain how far can the pair moves on average from engulf to opposite engulf, eg. gbpusd 25-40 pips per move, gold 40-70 pips per move.

of course it is not as easy at the very moment of trading, we have to deal with our emotions, sudden news, having ranging for hours the whole day but pop goes during new york session.

london session looks ranging to me except for ej and gj.

no selling unless the m5 eg is broken, just like a bos break of structure.

new york session
h4 engulf sell
m5 engulf fail sell

nasdaq sell

Nice win on GBPJPY today. Price traded into H4 bearish engulf. I then waited on a 15m bearish engulf to form within the zone to confirm a possible reversal. I then waited on a retracement to the 15m engulf for entry.

gold engulf sell

HI ITB,
im wondering how you managed USD/JPY trade,
did you open a buy when TL was broken or just SL ?

Unfortunately i bot. It is still open. Later i am doing a review analysis on what could have been done.

UJ is hovering around the CEILING price. It's coming sooner or later.

gj if selling, wait at 1 (eg sell) or 2 (ef sell)
if buying, price is in eg buy, observe ltf eg pa.
check dominant htf engulf.

update.
wait for ef buy

Sorry man
I don't understand where you wait egf for buy. can you be more accurate

when eg got broken, it becomes the ef buy.
if price goes down, then you are kept out of buy.
you have to start looking to sell at point 2.
https://www.forexfactory.com/thread/...1#post14638771