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MTF Engulf / Engulf fail

  • #1,161
  • Jan 11, 2024 10:38pm Jan 11, 2024 10:38pm
Quoting Asif2412
what about GBPCHF ???
you have to post a chart according to your own understanding.
then you can compare with mine.
that way you can learn something.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,162
  • Jan 11, 2024 10:44pm Jan 11, 2024 10:44pm
Quoting Inthebox
{quote} if the trade set up can provide 15-20 pips, it's ok for me. {image}
m5 already trigger the trade confirmation.
let's see m15.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,163
  • Jan 11, 2024 11:03pm Jan 11, 2024 11:03pm
Quoting ajentha
Dear IntheBox, 4H NZDUSD I select 4h +eg to -eg range within 4h consolidation. Is it acceptable? {image} 30M -eg marking {image}
it all depend on how many pips you are looking for.
audusd is similar to nzdusd.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,164
  • Jan 12, 2024 12:22am Jan 12, 2024 12:22am
GU: consolidating @two weeks high, 45 mins b4 the MRN also today is the last day of the week. JUST SAYING.......

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Success = Practice + Patience + Persistence
  • #1,165
  • Jan 12, 2024 12:22am Jan 12, 2024 12:22am
Dear IntheBox,

4H USDJPY: Marking
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30M
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5M Entry
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  • #1,166
  • Jan 12, 2024 12:28am Jan 12, 2024 12:28am
Quoting Inthebox
{quote} m5 already trigger the trade confirmation. let's see m15. {image}
let's talk about entry.
it is about early entry vs risk, which one you choose.

when price returned to m30 engulf, you can remain as it is in m30 or switch to m15/m5 for entry.
m5 engulf provided 3 early entries.
depending where is your stop loss, it can be when candle close below m5 engulf or m30 engulf.
m15 provided 4 first touch entries. the m15 engulf had just formed.
m30 is in the process of closing to see whether there is engulf.

what i want to say is that it is useless to compare someone's entry with your own.
each has different risk tolerance in different time frames, in different scenarios.
you are the one that pulls the trigger and only you can answer for yourself.
just know that the lower the time frame, the more risky it is though it can provide early entry.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,167
  • Jan 12, 2024 12:31am Jan 12, 2024 12:31am
Quoting ajentha
Dear IntheBox, 4H USDJPY: Marking {image} 30M {image} 5M Entry {image}
this will be the last one that i am going to analyze later for today.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,168
  • Jan 12, 2024 12:38am Jan 12, 2024 12:38am
Quoting fxpider
GU: consolidating @two weeks high, 45 mins b4 the MRN also today is the last day of the week. JUST SAYING....... {image}
yes news will derail the best of plans.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,169
  • Jan 12, 2024 12:39am Jan 12, 2024 12:39am
my todays h4 and m30 eg zones map for GU:
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trading is like dancing, don't think and just listen to the music!
  • #1,170
  • Jan 12, 2024 12:53am Jan 12, 2024 12:53am
Quoting Inthebox
{quote} yes news will derail the best of plans. {image}
who knows what will the news bring.
just watching the support and resistant.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,171
  • Jan 12, 2024 1:06am Jan 12, 2024 1:06am
Quoting Inthebox
{quote} who knows what will the news bring. just watching the support and resistant. {image}
Very good numbers, 4 mins after news, but it did't move even for a 4 pips. all the big boys in London are still in the bed? too early for them?
Success = Practice + Patience + Persistence
  • #1,172
  • Jan 12, 2024 1:16am Jan 12, 2024 1:16am
Quoting fxpider
{quote} Very good numbers, 4 mins after news, but it did't move even for a 4 pips. all the big boys in London are still in the bed? too early for them?
engineering for retail traders to sell, then they buy
now at my support zone. time to watch.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,173
  • Jan 12, 2024 1:17am Jan 12, 2024 1:17am
Quoting birdland
my todays h4 and m30 eg zones map for GU: {image}
it looks good to me so i started buying
trading is like dancing, don't think and just listen to the music!
  • #1,174
  • Jan 12, 2024 1:27am Jan 12, 2024 1:27am
GU: over and out. I was expecting a capitulation move downwards. However, no momentum for the time being. The green number has shifted my bias slightly to bullish now.
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Success = Practice + Patience + Persistence
  • #1,175
  • Jan 12, 2024 1:41am Jan 12, 2024 1:41am
Quoting ajentha
Dear IntheBox, 4H USDJPY: Marking {image} 30M {image} 5M Entry {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,176
  • Jan 12, 2024 2:24am Jan 12, 2024 2:24am
Dear IntheBox,

30M GBPUSD:
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5M Entry:
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  • #1,177
  • Jan 12, 2024 2:37am Jan 12, 2024 2:37am
Quoting Inthebox
{quote} who knows what will the news bring. just watching the support and resistant. {image}
brilliant. just when london opens. at resistant now.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,178
  • Jan 12, 2024 2:37am Jan 12, 2024 2:37am
Quoting birdland
{quote} it looks good to me so i started buying
i closed already for my daily target pips. good trading all!
trading is like dancing, don't think and just listen to the music!
  • #1,179
  • Jan 12, 2024 2:45am Jan 12, 2024 2:45am
Quoting Inthebox
{quote} brilliant. just when london opens. at resistant now. {image}
Dear IntheBox,

You have explained the concept well in the marking. Excellent! Thank you
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  • #1,180
  • Jan 12, 2024 6:56am Jan 12, 2024 6:56am
buy zone.
also aware of news.
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ITB - Seeing Orderliness amongst 'Randomness'
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