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MTF Engulf / Engulf fail

  • #1,121
  • Jan 10, 2024 3:30am Jan 10, 2024 3:30am
Quoting roanfox
{quote} 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! {image}...
EU is currently going sideways between multiple 4h EG. In my opinion it is better to wait until it has broken out of those zones.
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  • #1,122
  • Jan 10, 2024 3:32am Jan 10, 2024 3:32am
Quoting roanfox
{quote} 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! {image}...
compare to gu, eu is consolidating.
the zones are too close to one another.
not a good idea to trade this pair.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,123
  • Jan 10, 2024 3:40am Jan 10, 2024 3:40am
You two are totally right, I had missed a 4h EG that is beneath price and close to the upper 4h EG.

Thanks for the input!

Gonna be on the lookout for other pairs
  • #1,124
  • Jan 10, 2024 3:57am Jan 10, 2024 3:57am
careful that this will affect gbp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,125
  • Jan 10, 2024 4:00am Jan 10, 2024 4:00am
Quoting Inthebox
careful that this will affect gbp {image}
Facts.

Let atleast 15m pass.
Trading is gambling. So gamble responsibly.
  • #1,126
  • Jan 10, 2024 4:14am Jan 10, 2024 4:14am
Quoting Inthebox
{quote} what a reaction to the price levels. {image}
gu buy exit
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,127
  • Jan 10, 2024 4:21am Jan 10, 2024 4:21am
dax bot during frankfurt open
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,128
  • Jan 10, 2024 5:21am Jan 10, 2024 5:21am
Quoting Inthebox
{quote} gu buy exit {image}
finally from h4 engulf to opposite engulf.
i have to say that the statistics has been good so far.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,129
  • Jan 10, 2024 6:37am Jan 10, 2024 6:37am
nasdaq nyse open
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,130
  • Jan 10, 2024 7:12am Jan 10, 2024 7:12am
Quoting Inthebox
nasdaq nyse open {image}
nasdaq is fast and crazy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,131
  • Jan 10, 2024 7:48am Jan 10, 2024 7:48am
Quoting Inthebox
{quote} nasdaq is fast and crazy. {image}
nasdaq m1 bot.
notice the ef.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,132
  • Jan 10, 2024 10:08pm Jan 10, 2024 10:08pm
instead of posting my trades, i think it is better and more beneficial to follow through a trader's chart with every 2 or 3 hours update.
i hope to encourage more participants. so far none yet for today.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,133
  • Jan 10, 2024 10:15pm Jan 10, 2024 10:15pm
a fight between m30 eg and egf at the moment.
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trading is like dancing, don't think and just listen to the music!
  • #1,134
  • Jan 10, 2024 10:24pm Jan 10, 2024 10:24pm
Quoting birdland
a fight between m30 eg and egf at the moment. {image}
h4 direction ef to eg
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,135
  • Jan 10, 2024 10:32pm Jan 10, 2024 10:32pm
Quoting Inthebox
{quote} h4 direction ef to eg {image}
yes, i didnt see that!

and now we have a bullish m30 eg too
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trading is like dancing, don't think and just listen to the music!
  • #1,136
  • Jan 10, 2024 10:37pm Jan 10, 2024 10:37pm
Quoting birdland
{quote} yes, i didnt see that! and now we have a bullish m30 eg too {image}
try to draw engulf near current market price especially for m30.
this is the time frame for trade control whereby one tracks the price action.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,137
  • Jan 10, 2024 11:23pm Jan 10, 2024 11:23pm
Quoting Inthebox
{quote} try to draw engulf near current market price especially for m30. this is the time frame for trade control whereby one tracks the price action. {image}
encountering resistance.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,138
  • Jan 10, 2024 11:34pm Jan 10, 2024 11:34pm
Quoting Inthebox
{quote} encountering resistance. {image} {image}
i know, i am short...but only scalping
trading is like dancing, don't think and just listen to the music!
  • #1,139
  • Jan 11, 2024 1:03am Jan 11, 2024 1:03am
Good day traders,

im still holding shorts as there was no clear close above the zone,
what do you think?
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  • #1,140
  • Jan 11, 2024 1:05am Jan 11, 2024 1:05am
EJ seems interesting. Yesterday it broke multiple engulf (in my chart noted as "EGF").
It might fill up that free value gap to the downside to go back up again or it breaks the upper 4h EG. Either way I will go long at the failed engulf. I am expecting it to fill up the upper free value gap at some point.
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