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MTF Engulf / Engulf fail

  • #1,201
  • Jan 14, 2024 2:52pm Jan 14, 2024 2:52pm
GU
waiting for retest od above m30 zone for sell
however i know now that im not able to hold trade longer than 30-40 pips with my normal lotsize,
maybe it will change this week
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  • #1,202
  • Jan 14, 2024 7:06pm Jan 14, 2024 7:06pm
Quoting fxpider
GU: consolidating @two weeks high, 45 mins b4 the MRN also today is the last day of the week. JUST SAYING....... {image}
Folded too early during the LONDON session, however, shorted again when the price came back @HoD during the NY session. Just had to hold over the weekend for some nice pips.

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Success = Practice + Patience + Persistence
  • #1,203
  • Jan 14, 2024 8:20pm Jan 14, 2024 8:20pm
Quoting Ziemowit
GU waiting for retest od above m30 zone for sell however i know now that im not able to hold trade longer than 30-40 pips with my normal lotsize, maybe it will change this week {image}
gu bullish
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,204
  • Jan 14, 2024 8:28pm Jan 14, 2024 8:28pm
Quoting Inthebox
gold waiting for confirmation just post 2 levels, one upper, one lower for h4. 2 engulfing for lower time frame. this will simplify the chart. {image}
anyone long gold?
50 plus pips run.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,205
  • Jan 14, 2024 9:25pm Jan 14, 2024 9:25pm
likewise for traders.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,206
  • Jan 14, 2024 9:37pm Jan 14, 2024 9:37pm
Quoting Inthebox
{quote} gu bullish {image} {image} {image} {image}
gu bot
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,207
  • Jan 14, 2024 9:39pm Jan 14, 2024 9:39pm
had a good start for the week.
there are other priorities in life.
be back during europe session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,208
  • Jan 14, 2024 10:06pm Jan 14, 2024 10:06pm
Quoting Ziemowit
however DAX is more clear as started down move bite earlier and clearly making LH and LLs {image} {image}
dax.
m30 aligns with h4 to go up.
you see that although you are bearish, m30 prevented you from shorting because there is no bearish engulf.
monitor price in m30 and only switch to m5 when it reaches m30 bearish engulf.
if you remain in m5 you will get exited by the price movement.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,209
  • Jan 14, 2024 10:28pm Jan 14, 2024 10:28pm
Quoting lipopos
{image}
done
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Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #1,210
  • Jan 14, 2024 11:53pm Jan 14, 2024 11:53pm
good morning,
my view on GU this morning:
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trading is like dancing, don't think and just listen to the music!
  • #1,211
  • Jan 15, 2024 12:15am Jan 15, 2024 12:15am
First of all, thanks IntheBox and the community for the thread. I have been learning all the video and post in the past month.
I saw there's an indicator in the post, but i'm trying something different here. This indicator that I wrote, is aimed to show only the single bullish and bearish zone around the current market price. at the same time, I am testing my logic on engulfing. those engulfing spanning 4 candles or more, i will leave it for the moment, or it should be using a higher timeframe.

this is for MT5 only. using only current timeframe of the chart. I will try to build into multi-timeframe.
EG Buy -> light green
EG Sell -> light red
EG sell -> failed -> bullish EF -> light green
EG buy -> failed -> bearish EF -> dark red
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Attached File(s)
File Type: ex5 EgEfCMP.ex5   12 KB | 163 downloads
  • #1,212
  • Jan 15, 2024 12:45am Jan 15, 2024 12:45am
GU: is in the existing bullish channel. Asia already had a Bullish EG @LoD. Let's see how LONDON PA takes out the Asia high. I would like to see a successful retest of the ASIA EG b4 taking out the Asia High.

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Success = Practice + Patience + Persistence
  • #1,213
  • Jan 15, 2024 1:15am Jan 15, 2024 1:15am
Quoting Inthebox
{quote} dax. m30 aligns with h4 to go up. you see that although you are bearish, m30 prevented you from shorting because there is no bearish engulf. monitor price in m30 and only switch to m5 when it reaches m30 bearish engulf. if you remain in m5 you will get exited by the price movement. {image}
frankfurt open
price within m30, switch to m5
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,214
  • Jan 15, 2024 1:39am Jan 15, 2024 1:39am
Quoting Inthebox
likewise for traders. {image}
3rd one, the ability to change one's mind.
Trading is gambling. So gamble responsibly.
  • #1,215
  • Jan 15, 2024 2:00am Jan 15, 2024 2:00am
london open
we are still within the h4 bullish zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,216
  • Jan 15, 2024 2:07am Jan 15, 2024 2:07am
Quoting Inthebox
{quote} frankfurt open price within m30, switch to m5 {image}
dax short.
calling it a day
today's statistics is 100%
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,217
  • Jan 15, 2024 2:21am Jan 15, 2024 2:21am
Quoting Inthebox
london open we are still within the h4 bullish zone. {image}
wow hard to catch but still possible.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,218
  • Jan 15, 2024 3:51am Jan 15, 2024 3:51am
short GU after LO, is this a valid one?

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  • #1,219
  • Jan 15, 2024 4:44am Jan 15, 2024 4:44am
Quoting fxpider
GU: is in the existing bullish channel. Asia already had a Bullish EG @LoD. Let's see how LONDON PA takes out the Asia high. I would like to see a successful retest of the ASIA EG b4 taking out the Asia High. {image}
GU: When plan A fails, plan B should be at your disposal. In our case, it's pretty straightforward. If EG fails then EGF should work and vice-versa.

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Success = Practice + Patience + Persistence
  • #1,220
  • Jan 15, 2024 4:57am Jan 15, 2024 4:57am
Quoting huskyboy
short GU after LO, is this a valid one? {image} {image}
yes
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ITB - Seeing Orderliness amongst 'Randomness'
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