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MTF Engulf / Engulf fail

  • #1,441
  • Jan 23, 2024 11:49am Jan 23, 2024 11:49am
Quoting melord
{quote} Took long. My first engulf setup long{image}
Took partials and positive stop
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,442
  • Jan 23, 2024 5:22pm Jan 23, 2024 5:22pm
m30 EG. ... m5 and m1 entry
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  • #1,443
  • Edited 6:06pm Jan 23, 2024 5:30pm | Edited 6:06pm
big picture, waiting for price to come in h4 Eg zone, then i will go to m5/m15 and wait to create a engulf , and retest of the engulf will be my entry on m1..

that's all my understanding... let me know if i am wrong
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  • #1,444
  • Jan 23, 2024 5:59pm Jan 23, 2024 5:59pm
Quoting melord
{quote} Took partials and positive stop
nice spotting of qm at roadblock.
now careful of the fib levels with possible sr flip.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,445
  • Jan 23, 2024 6:13pm Jan 23, 2024 6:13pm
Quoting BDfx77
big picture, waiting for price to come in h4 Eg zone, then i will go to m5/m15 to create a engulf , and restest of the engulf will be my entry on m1.. thats all my understanding... let me know if i am wrong {image} {image}
h1 aligns with d1.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,446
  • Jan 23, 2024 6:13pm Jan 23, 2024 6:13pm
Quoting BDfx77
m30 EG. ... m5 and m1 entry {image} {image}
update; tp hit
  • #1,447
  • Jan 23, 2024 6:21pm Jan 23, 2024 6:21pm
Lots of fireworks are due for the London and NY sessions.

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Success = Practice + Patience + Persistence
  • #1,448
  • Jan 23, 2024 6:22pm Jan 23, 2024 6:22pm
hi traders
i try not to post my own trades anymore.
i post only when there is some participation from traders.
i find that it is more meaningful to answer any queries to clarify doubts.
also provide my mapping for comparison to those who participates.
if there is no participation then it will be quiet here.
i let it run its natural course.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,449
  • Jan 23, 2024 6:22pm Jan 23, 2024 6:22pm
Quoting Inthebox
{quote} h1 aligns with d1. {image}
hi @inthebox , would you consider this engulf for a zone for trade?
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  • #1,450
  • Jan 23, 2024 6:29pm Jan 23, 2024 6:29pm
Quoting BDfx77
{quote} hi @inthebox , would you consider this engulf for a zone for trade? {image}
that is a h1 roadblock.
as usual if inside a roadblock there is ltf bullish engulf you can scalp.
the h1 zone is very near the d1 top zone.
i am looking for d1 bearish eg to bullish eg.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,451
  • Jan 23, 2024 6:31pm Jan 23, 2024 6:31pm
Quoting Inthebox
{quote} nice spotting of qm at roadblock. now careful of the fib levels with possible sr flip. {image}
I am pretty sure I just got lucky. Somehow the trade worked
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,452
  • Jan 23, 2024 6:54pm Jan 23, 2024 6:54pm
Quoting melord
{quote} I am pretty sure I just got lucky. Somehow the trade worked
don't leave it to luck.
do a review.
why price bounced up from there.
if fail, why?
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,453
  • Jan 23, 2024 7:41pm Jan 23, 2024 7:41pm
h1 engulf.
m1 EG and retest, scalping for 10 pips..
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  • #1,454
  • Jan 23, 2024 7:49pm Jan 23, 2024 7:49pm
Quoting BDfx77
h1 engulf. m1 EG and retest, scalping for 10 pips.. {image} {image}
update, 10 pips in profit, closing manually
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  • #1,455
  • Jan 23, 2024 7:57pm Jan 23, 2024 7:57pm
Quoting BDfx77
{quote} update, 10 pips in profit, closing manually {image}
you got guts to counter.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,456
  • Jan 23, 2024 11:37pm Jan 23, 2024 11:37pm
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Success = Practice + Patience + Persistence
  • #1,457
  • Jan 23, 2024 11:42pm Jan 23, 2024 11:42pm
at the moment short level reached on m30
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trading is like dancing, don't think and just listen to the music!
  • #1,458
  • Jan 24, 2024 12:00am Jan 24, 2024 12:00am
Quoting birdland
at the moment short level reached on m30 {image}
news all the way for next 1.5 hrs
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,459
  • Edited 1:12am Jan 24, 2024 12:26am | Edited 1:12am
Don't know if it is correct, please tell me the error
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  • #1,460
  • Jan 24, 2024 2:28am Jan 24, 2024 2:28am
Quoting lwb1215
Don't know if it is correct, please tell me the error {image}
when price entered h1 bearish engulf, switch 1 or 2 tf lower (m30 or m15).
when price entered m15 bearish engulf, switch 1 or 2 tf lower (m5 or m1. newbie don't touch m1).

however you skipped m15 and gone straight to m5.
if you want to take early entries with small time frames, then you have to be comfortable to accept the higher risks.
if you used m5 bearish engulf only, there were 2 entries with 1 loss.
if you prefer to slow down and take safer entry, wait for m5 engulf fail and retrace to engulf.
if you prefer to stay in m15, there is also an engulf entry.
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ITB - Seeing Orderliness amongst 'Randomness'
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