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MTF Engulf / Engulf fail

  • #1,061
  • Jan 7, 2024 2:07am Jan 7, 2024 2:07am
found this today. study it. hope this will clear most of your doubts.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,062
  • Jan 7, 2024 12:54pm Jan 7, 2024 12:54pm
Quoting Inthebox
found this today. study it. hope this will clear most of your doubts. https://www.youtube.com/watch?v=G4XK4omRvhY
Thanks, have watched it few days back. Is that you?
If you believe in yourself anything is possible !!
  • #1,063
  • Jan 7, 2024 10:40pm Jan 7, 2024 10:40pm
Quoting imifx
{quote} Thanks, have watched it few days back. Is that you?
no that's not me. i am still learning. i only understand around 80% of what's out there in youtube on engulfing.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,064
  • Jan 7, 2024 10:59pm Jan 7, 2024 10:59pm
start of new week.
who is watching gu and wants to present the mapping for w1 and below?
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,065
  • Jan 8, 2024 12:46am Jan 8, 2024 12:46am
Good day traders!
I always like to put also trendlines and channels to see more clearly what is going on, so :
from daily perspective we are in the middle, there are clear targets above and below,
from H4 we are now in sell zone, with valid M30 just above currecnt price
i will look for a short in that zone from 1.27207
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  • #1,066
  • Jan 8, 2024 12:50am Jan 8, 2024 12:50am
Quoting Inthebox
start of new week. who is watching gu and wants to present the mapping for w1 and below?
morning inthebox,

i try it, starting with W, D, h4 and h1
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trading is like dancing, don't think and just listen to the music!
  • #1,067
  • Jan 8, 2024 12:55am Jan 8, 2024 12:55am
new week. so we start with the gu w1 direction.
engulf to opposite engulf.
it is just direction, not that we are going to hold until the end.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,068
  • Edited 1:08am Jan 8, 2024 12:58am | Edited 1:08am
if you are serious about trading
you will study why for gu.
i hinted above, go to ltf m15, m5, m1 to find out.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,069
  • Jan 8, 2024 1:12am Jan 8, 2024 1:12am
Quoting birdland
{quote} morning inthebox, i try it, starting with W, D, h4 and h1 {image} {image} {image} {image}
compare with mine.
i showed the direction for this week.
first day of week, can go slow or counter trend scalp.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,070
  • Jan 8, 2024 2:25am Jan 8, 2024 2:25am
Quoting Inthebox
if you are serious about trading you will study why for gu. i hinted above, go to ltf m15, m5, m1 to find out. {image}
gu movement.during asia.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,071
  • Jan 8, 2024 3:05am Jan 8, 2024 3:05am
Quoting Inthebox
{quote} gu movement.during asia. {image} {image} {image}
by now, you should be able to know why gu went down during frankfurt open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,072
  • Jan 8, 2024 3:20am Jan 8, 2024 3:20am
Quoting Inthebox
new week. so we start with the gu w1 direction. engulf to opposite engulf. it is just direction, not that we are going to hold until the end. {image} {image} {image}
How is this not a bullish engulf? The 3rd blue candle closed above the high of the previous red candle. Is it because of the long wick of the blue candle?
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  • #1,073
  • Jan 8, 2024 3:35am Jan 8, 2024 3:35am
Quoting Ryan0618
{quote} How is this not a bullish engulf? The 3rd blue candle closed above the high of the previous red candle. Is it because of the long wick of the blue candle? {image}
so you see 2 bearish engulf and 1 bullish engulf.
you can trade the bullish engulf. you have to weigh it in you favor.
go to 1 or 2 time frames lower to see whether there is any confirmation to buy at current market price.
you can buy if you see a test of d1 or h4 bullish eg.
but till now for today, there is none.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,074
  • Jan 8, 2024 3:46am Jan 8, 2024 3:46am
let's see whether gu will reach the opposite engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,075
  • Jan 8, 2024 4:21am Jan 8, 2024 4:21am
Quoting Inthebox
let's see whether gu will reach the opposite engulf. {image}
happy new year , bro
you mean bearish one?
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  • #1,076
  • Jan 8, 2024 4:36am Jan 8, 2024 4:36am
Quoting LeongPuiy
{quote} happy new year , bro you mean bearish one?
price travels from engulf to engulf.
eg to eg, eg to ef, ef to eg, ef to ef.
in this case, price came down from h4 bearish engulf and supposed to reach h4 bullish engulf.
but on the way down price met with h1 bullish engulf fail road block.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,077
  • Jan 8, 2024 4:57am Jan 8, 2024 4:57am
GJ: Paying attention to engulf clearly shows the day/session.

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Success = Practice + Patience + Persistence
  • #1,078
  • Jan 8, 2024 5:16am Jan 8, 2024 5:16am
One more observation. In theory, Engulfing at extremes says that there will be an impulse wave, while Inside Bar says that there will be a correlation wave
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  • #1,079
  • Jan 8, 2024 5:32am Jan 8, 2024 5:32am
gj mapping.
h1 to h1 engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,080
  • Jan 8, 2024 6:04am Jan 8, 2024 6:04am
Quoting Vit115
One more observation. In theory, Engulfing at extremes says that there will be an impulse wave, while Inside Bar says that there will be a correlation wave {image}
IMO, engulfing (opposite direction) at the extreme indicates a possible trend change, or a move to entice traders in the same direction. Everything depends on the context of course.
Success = Practice + Patience + Persistence
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