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MTF Engulf / Engulf fail

  • #781
  • Nov 1, 2023 6:34am Nov 1, 2023 6:34am
Quoting Inthebox
{quote} 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 {image}
Thanks you are very clear... as usual
  • #782
  • Nov 1, 2023 6:38am Nov 1, 2023 6:38am
UJ: some intricacies of the consolidation areas. Look at the volumes associated with the engulfing PA.

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Success = Practice + Patience + Persistence
  • #783
  • Nov 1, 2023 7:17am Nov 1, 2023 7:17am
Quoting fxpider
UJ: some intricacies of the consolidation areas. Look at the volumes associated with the engulfing PA. {image}
after news
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ITB - Seeing Orderliness amongst 'Randomness'
  • #784
  • Nov 1, 2023 10:29am Nov 1, 2023 10:29am
Quoting Inthebox
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. {image}
Quoting Inthebox
{quote} 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 {image}
gj sell result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #785
  • Nov 1, 2023 5:13pm Nov 1, 2023 5:13pm
GJ: The Upside has lots of obstacles. My bias is bearish for today (Thursday).

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Success = Practice + Patience + Persistence
  • #786
  • Nov 1, 2023 6:34pm Nov 1, 2023 6:34pm
Quoting Inthebox
{quote} new york session h4 engulf sell m5 engulf fail sell {image}
managed to rescue the sell.
it was a bad sell and held on because too confident of the two h4 engulf backing it.
analysis and lessons learnt:
1. when 2 engulfs are near each other, price will gravitate to the further one.
2. the break of trend line was a forceful one and v shaped.
3. when ltf having 3 engulf fails, mostly likely the direction will continue for the day.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #787
  • Nov 1, 2023 6:49pm Nov 1, 2023 6:49pm
Quoting fxpider
GJ: The Upside has lots of obstacles. My bias is bearish for today (Thursday). {image}
bearish but with h1 road blocks.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #788
  • Nov 2, 2023 3:56am Nov 2, 2023 3:56am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #789
  • Edited 7:36am Nov 2, 2023 5:47am | Edited 7:36am
after unemployment claims.
what are we watching?
whether the eg will become ef or not.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #790
  • Nov 2, 2023 7:11am Nov 2, 2023 7:11am
Watching gold for a long entry. I am just asking myself if it will head for the lower 4h engulf or the current one. I will only enter if I see a break of structure in lower time frame.

As I am writing this it seems like it is going for the lower 4h engulf.
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  • #791
  • Nov 2, 2023 7:24am Nov 2, 2023 7:24am
Quoting fxpider
GJ: The Upside has lots of obstacles. My bias is bearish for today (Thursday). {image}
GJ: A narrow-range day today. Only completed 68% of ADR.

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Success = Practice + Patience + Persistence
  • #792
  • Nov 2, 2023 7:26am Nov 2, 2023 7:26am
Quoting Ryan0618
Watching gold for a long entry. I am just asking myself if it will head for the lower 4h engulf or the current one. I will only enter if I see a break of structure in lower time frame. As I am writing this it seems like it is going for the lower 4h engulf. {image}

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ITB - Seeing Orderliness amongst 'Randomness'
  • #793
  • Nov 2, 2023 9:32am Nov 2, 2023 9:32am
https://www.tradingview.com/x/VbRaKavL

Engulfing is the way. News pro usd and guts to take that order

Im still not gold with pa entry, and rely on fibs for ease of mind.
Trading is gambling. So gamble responsibly.
  • #794
  • Nov 2, 2023 11:14am Nov 2, 2023 11:14am
Quoting Sovy
https://www.tradingview.com/x/VbRaKavL Engulfing is the way. News pro usd and guts to take that order Im still not gold with pa entry, and rely on fibs for ease of mind.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #795
  • Nov 2, 2023 11:29am Nov 2, 2023 11:29am
NASDAQ will come soon to interesting levels
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  • #796
  • Nov 2, 2023 7:45pm Nov 2, 2023 7:45pm
Quoting Inthebox
{quote} {image} {image}
gold engulf buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #797
  • Edited 8:35pm Nov 2, 2023 8:23pm | Edited 8:35pm
i am sharing here how i precise entry in a htf engulf sell zone.
we have a h1 engulf sell within h4 engulf sell zone.
as per post 1 pt 2 rules, h1, m30, m15 are my entry time frames.
m5 and m1 are used for early entries. the down side is whipsaw.

in m15 we have price within the htf engulf sell zones.
note the 2 highs and find the base originating from.
we are waiting for price to break the engulf buy zone.
when engulf buy turned to engulf sell, this means that price lessen the tendency to move up.
you can also look at it as break of structure.
you can have 2 entries.
one upon candle closed break, the other wait for retest of engulf sell / engulf fail zone.
in the event of after news trading with momentum, price may not retest zones.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #798
  • Nov 3, 2023 12:05am Nov 3, 2023 12:05am
dax engulf sell
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ITB - Seeing Orderliness amongst 'Randomness'
  • #799
  • Nov 3, 2023 1:03am Nov 3, 2023 1:03am
GJ short
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  • #800
  • Nov 3, 2023 1:11am Nov 3, 2023 1:11am
Quoting Inthebox
{quote} gold engulf buy {image}
Yesterday took the short and miss the long too tired for trade again
What do you see today?
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