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MTF Engulf / Engulf fail

  • #1,401
  • Jan 22, 2024 6:20am Jan 22, 2024 6:20am
not trading, just observing whether this m1 ef work out or not.
combo with m5 eg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,402
  • Jan 22, 2024 6:27am Jan 22, 2024 6:27am
Quoting fxpider
EJ, UJ, GJ, and EA: Caught some big fish today. Among them, EJ was the catch of the day. {image} {image} {image} {image}
very good,

i see you have worked with averaging.

so in the meantime you have high losses, which is often difficult psychologically.

but in the end there can be nice profits.
trading is like dancing, don't think and just listen to the music!
  • #1,403
  • Jan 22, 2024 6:28am Jan 22, 2024 6:28am
Quoting Inthebox
not trading, just observing whether this m1 ef work out or not. combo with m5 eg. {image}
It's safe not to touch the JPY pairs until the RED NEWS event, scheduled for tomorrow. IMO.
Success = Practice + Patience + Persistence
  • #1,404
  • Jan 22, 2024 6:38am Jan 22, 2024 6:38am
Quoting birdland
{quote} very good, i see you have worked with averaging. so in the meantime you have high losses, which is often difficult psychologically. but in the end there can be nice profits.
I find that averaging is a great entry method, as long as the MAX LOSS and the NUMBER of POSITION are capped.
I also use Sniper entry but only for scalping.

Either way, a DD is part of the game, I guess.
Success = Practice + Patience + Persistence
  • #1,405
  • Jan 22, 2024 6:42am Jan 22, 2024 6:42am
I got someone from my CLAN.

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Success = Practice + Patience + Persistence
  • #1,406
  • Jan 22, 2024 7:22am Jan 22, 2024 7:22am
Quoting fxpider
I got someone from my CLAN. {image}
if you want bigger CLAN join X, its full of pretenders.
I might be wrong , I have been wrong before
  • #1,407
  • Jan 22, 2024 7:45am Jan 22, 2024 7:45am
Quoting Mandariin
{quote} if you want bigger CLAN join X, its full of pretenders.
X is a dodgy world, where the DOGECOIN rules.
Success = Practice + Patience + Persistence
  • #1,408
  • Jan 22, 2024 9:10am Jan 22, 2024 9:10am
Quoting Inthebox
not trading, just observing whether this m1 ef work out or not. combo with m5 eg. {image}
a difficult session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,409
  • Jan 22, 2024 9:27am Jan 22, 2024 9:27am
Quoting fxpider
{quote} X is a dodgy world, where the DOGECOIN rules.
Don't forget about the CEO, "FLOKI"
If you believe in yourself anything is possible !!
  • #1,410
  • Jan 22, 2024 5:34pm Jan 22, 2024 5:34pm
Quoting Inthebox
{quote} in my own study of ict, i find that anything that is around fvg is the level to look at. in this case there are 2. order block and breaker. {image}
BPR: Another ICT concept, related to EG. When an FVG is engulfed by an inverse FVG, the overlapped FVG area is the Balanced Price Range (BPR) that adds more confluences than a stand-alone FVG.

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Success = Practice + Patience + Persistence
  • #1,411
  • Jan 22, 2024 8:15pm Jan 22, 2024 8:15pm
example of m1 scalp within h1 eg to the next level ef/eg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,412
  • Edited 9:38pm Jan 22, 2024 9:13pm | Edited 9:38pm
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reviewing last friday sell, and yesterday buy (but didnt get the entry)
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(sorry last pic the text didnt save)
I still have some doubt on entry technique. I am more towards precise entry / re-entry then averaging.
When the price "retest" a EG zone, we will never sure that if the price reject or breakthrough the zone, am I getting this right?
What we have is a higher chance that the price will react, based on HTF bias, that big buying/selling power is on our back
  • #1,413
  • Jan 22, 2024 10:23pm Jan 22, 2024 10:23pm
Quoting koken
{image}reviewing last friday sell, and yesterday buy (but didnt get the entry) I still have some doubt on entry technique. I am more towards precise entry / re-entry then averaging. When the price "retest" a EG zone, we will never sure that if the price reject or breakthrough the zone, am I getting this right? What we have is a higher chance that the price will react, based on HTF bias, that big buying/selling power is on our back
IMO, the precise entry is almost impossible. Sometimes, you might be lucky to get an optimal entry. But the fact is, no one knows how the price will behave. We just need the odds slightly to favor us to be profitable. In our case, it is the HTF EG/EF (buying/selling pressure in a zone) that we are relying on.

Some traders (proactive) look for the opportunity as soon as the price (LTF) enters the HTF EG/EF. And, the other type of trader (reactive) gets ready when the price is about to leave the zone. In either case, traders look for BoS, LTF EG/EF, QM, etc within the HTF zone for entry.

The proactive approach may give you a better seat (price) whereas the reactive approach may deliver a safer seat (since more confirmations). Regardless of the approach, the trade management and position sizing should sync with the trader's risk tolerance.

I hope it helps.
Success = Practice + Patience + Persistence
  • #1,414
  • Edited 10:50pm Jan 22, 2024 10:40pm | Edited 10:50pm
Quoting koken
{image}reviewing last friday sell, and yesterday buy (but didnt get the entry) {image} (sorry last pic the text didnt save) I still have some doubt on entry technique. I am more towards precise entry / re-entry then averaging. When the price "retest" a EG zone, we will never sure that if the price reject or breakthrough the zone, am I getting this right? What we have is a higher chance that the price will react, based on HTF bias, that big buying/selling power is on our back
you do not require precise entry.
what you need is a bias direction and a helicopter view.
i show below by using h1 time frame (no need to go lower than that), there are already 3 buys.

relax trading.
look at chart at close of every hour.
buy at close of h1 if the set up indicates an entry trigger.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,415
  • Jan 22, 2024 11:01pm Jan 22, 2024 11:01pm
general entry time frames.
if you are looking for
1. 1 or 2 entries per week use h4.
2. 2 or 3 entries per week use h1.
3. use lower time frames for intraday.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,416
  • Jan 22, 2024 11:17pm Jan 22, 2024 11:17pm
Thank you BOJ.

UJ, EJ, and GJ: 4H EG zone rejection.

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I can't beleive my luck, after my last week's 2 bad days.
Success = Practice + Patience + Persistence
  • #1,417
  • Jan 22, 2024 11:26pm Jan 22, 2024 11:26pm
Quoting fxpider
Thank you BOJ. UJ, EJ, and GJ: 4H EG zone rejection. {image} {image} {image} I can't beleive my luck, after my last week's 2 bad days.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,418
  • Jan 23, 2024 12:43am Jan 23, 2024 12:43am
i was hoping in these area for a reversal
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  • #1,419
  • Jan 23, 2024 1:16am Jan 23, 2024 1:16am
Quoting huskyboy
i was hoping in these area for a reversal {image}
i am cautious because weekly candles inside bars and having lower highs.
d1/h4 zones.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,420
  • Jan 23, 2024 1:21am Jan 23, 2024 1:21am
Quoting huskyboy
i was hoping in these area for a reversal {image}
Price was picking up liquidity from that free value gap.
There are many bearish daily engulfs. I think it makes more sense to wait for a sell setup.
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