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MTF Engulf / Engulf fail

  • #1,101
  • Jan 9, 2024 7:21am Jan 9, 2024 7:21am
Quoting imifx
Today watching only US30 and Gold US30 Price in Action, trading H1-H30 eg confluence {image}
good start of the day, will be closing as it has to give a double bottom kind of in M5 to push higher
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If you believe in yourself anything is possible !!
  • #1,102
  • Jan 9, 2024 7:29am Jan 9, 2024 7:29am
dax buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,103
  • Jan 9, 2024 7:39am Jan 9, 2024 7:39am
Quoting imifx
{quote} good start of the day, will be closing as it has to give a double bottom kind of in M5 to push higher {image}
zones are too close together
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,104
  • Jan 9, 2024 7:59am Jan 9, 2024 7:59am
Quoting Inthebox
{quote} zones are too close together {image}
thanks, realized those blocks and out with green
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If you believe in yourself anything is possible !!
  • #1,105
  • Jan 9, 2024 8:28am Jan 9, 2024 8:28am
Quoting Inthebox
{quote} gu movement.during asia. {image} {image} {image}
gu a long wait to sell and exit.
h4 eg to opposite eg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,106
  • Jan 9, 2024 11:04am Jan 9, 2024 11:04am
last two trades also closed in green.

Today fuel is missing in the market, may be better day tomorrow.
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If you believe in yourself anything is possible !!
  • #1,107
  • Jan 9, 2024 7:57pm Jan 9, 2024 7:57pm
dxy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,108
  • Jan 9, 2024 10:17pm Jan 9, 2024 10:17pm
anyone wants to discuss any pairs?
show a chart.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,109
  • Jan 9, 2024 10:47pm Jan 9, 2024 10:47pm
Quoting Inthebox
anyone wants to discuss any pairs? show a chart.
of course, i try, here my H1 and m30 view:
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trading is like dancing, don't think and just listen to the music!
  • #1,110
  • Jan 9, 2024 11:02pm Jan 9, 2024 11:02pm
Quoting Inthebox
dxy {image}
uj buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,111
  • Jan 9, 2024 11:19pm Jan 9, 2024 11:19pm
Quoting birdland
{quote} of course, i try, here my H1 and m30 view: {image} {image}
h4 and m30 will be a good combination.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,112
  • Jan 9, 2024 11:28pm Jan 9, 2024 11:28pm
Quoting Inthebox
{quote} h4 and m30 will be a good combination. {image}
your explanations and postings are very helpful, thank you!

yes, h1 and m30 seems too close together.

so i will watch more closely H4 and m30 and combine them...
trading is like dancing, don't think and just listen to the music!
  • #1,113
  • Jan 9, 2024 11:37pm Jan 9, 2024 11:37pm
Quoting birdland
{quote} your explanations and postings are very helpful, thank you! yes, h1 and m30 seems too close together. so i will watch more closely H4 and m30 and combine them...
h4 is for direction. h4 engulf to opposite h4 engulf.
m30 for entry. some times h1 for entry when cannot see in m30.
m15 for more precise entry when price arrives in the m30 zone or if you find that the m30 SL zone too big.
m5 and m1 for news because price can move very fast and we do not see any engulf in m15.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,114
  • Jan 9, 2024 11:51pm Jan 9, 2024 11:51pm
Quoting Inthebox
{quote} h4 is for direction. h4 engulf to opposite h4 engulf. m30 for entry. some times h1 for entry when cannot see in m30. m15 for more precise entry when price arrives in the m30 zone or if you find that the m30 SL zone too big. m5 and m1 for news because price can move very fast and we do not see any engulf in m15.
as you know i have already my approach or "system", BUT i will include your style because it seems to fit very good to my style with S&R zones and horizontal lines.

today your style supports my longs on GU which i am already in.
trading is like dancing, don't think and just listen to the music!
  • #1,115
  • Jan 10, 2024 12:05am Jan 10, 2024 12:05am
Quoting birdland
{quote} as you know i have already my approach or "system", BUT i will include your style because it seems to fit very good to my style with S&R zones and horizontal lines. today your style supports my longs on GU which i am already in.
some sees engulfing as supply and demand.
what is important is at what significant level we decide to trade. the other important thing is time, ie. frankfurt london new york nyse sessions.
generally speaking the significant level is at h4 engulf.
3rd important thing is the m30 confirmation in the h4 zone.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,116
  • Jan 10, 2024 1:14am Jan 10, 2024 1:14am
Quoting Inthebox
{quote} h4 and m30 will be a good combination. {image}
if roadblock is broken with candle close, expected to reach h4 engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,117
  • Jan 10, 2024 1:40am Jan 10, 2024 1:40am
Quoting Inthebox
{quote} if roadblock is broken with candle close, expected to reach h4 engulf. {image}
Hey there Inthebox, loving the thread as since I started trading similar systems like supply and demand or orderblocks, my winrate and confidence in trading has improved.

How do you define what engulfing is relevant, based on what I have read on the thread and mostly on this specific picture, that GU chart for example has a lot of different EG on the 30 min. Do you just go from right to left selecting the last engulfings and see how these have mostly reacted to price.

Thanks!
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  • #1,118
  • Jan 10, 2024 2:16am Jan 10, 2024 2:16am
Quoting roanfox
{quote} Hey there Inthebox, loving the thread as since I started trading similar systems like supply and demand or orderblocks, my winrate and confidence in trading has improved. How do you define what engulfing is relevant, based on what I have read on the thread and mostly on this specific picture, that GU chart for example has a lot of different EG on the 30 min. Do you just go from right to left selecting the last engulfings and see how these have mostly reacted to price. Thanks! {image}
so you are talking about the m30 engulf in the h4 engulf zone.
you see that there are 2 types of m30 engulf.
one is formed at current market price.
the other formed when making the h4 engulf.
generally speaking, use the current market price one because this is a confirmation.
the other one is a first touch and go because sometimes price shot up without forming any confirmation.


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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,119
  • Jan 10, 2024 3:05am Jan 10, 2024 3:05am
Quoting Inthebox
{quote} if roadblock is broken with candle close, expected to reach h4 engulf. {image}
what a reaction to the price levels.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,120
  • Jan 10, 2024 3:19am Jan 10, 2024 3:19am
Quoting Inthebox
{quote} so you are talking about the m30 engulf in the h4 engulf zone. you see that there are 2 types of m30 engulf. one is formed at current market price. the other formed when making the h4 engulf. generally speaking, use the current market price one because this is a confirmation. the other one is a first touch and go because sometimes price shot up without forming any confirmation. {image} {image}
Perfect! thanks for the answer, it was actually what I had thought at first

Beautiful reaction to the levels you posted on GU, I have EU mapped but I did not find a really significant level for the reaction like GU had.

What I am waiting is for price to react, considering how it reacted to GU, we may leave a 30 min EG on CMP, and can look at a short entry out of the rebound of this EG. The other option is price shooting up to the previous 30 min EG inside the 4h EG and make a reaction there.

Happy if I could get some feedback, cheers!
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