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MTF Engulf / Engulf fail

  • #1,461
  • Jan 24, 2024 4:39am Jan 24, 2024 4:39am
Quoting Inthebox
{quote} 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 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. if you want to take early entries with small time frames, then you have to be comfortable to accept...
Thank you for your guidance. My English is very poor and I don’t understand many translated words. I will carefully understand what you mean.
  • #1,462
  • Jan 24, 2024 6:47am Jan 24, 2024 6:47am
NAS100, M5

Its last 4 hour range, probability is high for up side breakout. I will try to find entries in M1
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If you believe in yourself anything is possible !!
  • #1,463
  • Jan 24, 2024 7:47am Jan 24, 2024 7:47am
Quoting Inthebox
{quote} 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...
now is a good time to compare entry time frames for h1 and m30 with smaller time frames as above.
they do not even have any trigger yet so there is no anxiety of those experiencing using smaller time frames.
if you are satisfied with 3 or 4 trades per week, then you should consider these 2 time frames.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,464
  • Jan 24, 2024 7:55am Jan 24, 2024 7:55am
Quoting Inthebox
{quote} now is a good time to compare entry time frames for h1 and m30 with smaller time frames as above. they do not even have any trigger yet so there is no anxiety of those experiencing using smaller time frames. if you are satisfied with 3 or 4 trades per week, then you should consider these 2 time frames. {image} {image}
Okay, I will observe more, I still need to study hard
  • #1,465
  • Jan 24, 2024 7:57am Jan 24, 2024 7:57am
Quoting imifx
NAS100, M5 Its last 4 hour range, probability is high for up side breakout. I will try to find entries in M1 {image}
closed early, although tp would have reached
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If you believe in yourself anything is possible !!
  • #1,466
  • Jan 24, 2024 8:44am Jan 24, 2024 8:44am
Who else caught the GOLD's drop?
Success = Practice + Patience + Persistence
  • #1,467
  • Jan 24, 2024 8:48am Jan 24, 2024 8:48am
Watching this thing closely.
  • #1,468
  • Jan 24, 2024 9:16am Jan 24, 2024 9:16am
Quoting fxpider
Who else caught the GOLD's drop?
I missed it, while reading OP's last post I was trying to go to lower tf to reduce the SL entry however it was fast move.

Congratulations to everyone who took a great RR as explained by @ITB
If you believe in yourself anything is possible !!
  • #1,469
  • Jan 24, 2024 9:43am Jan 24, 2024 9:43am
Quoting fxpider
Who else caught the GOLD's drop?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,470
  • Jan 24, 2024 9:50am Jan 24, 2024 9:50am
Quoting Inthebox
{quote} {image}
Excellent deal, too bad I missed it
  • #1,471
  • Jan 24, 2024 11:01am Jan 24, 2024 11:01am
Quoting Inthebox
{quote} {image}
awesome ITB

Did u observe this as QM
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If you believe in yourself anything is possible !!
  • #1,472
  • Jan 24, 2024 11:03am Jan 24, 2024 11:03am
if you have the time, practice the ef and eg on m1. see how the price flows.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,473
  • Jan 24, 2024 11:11am Jan 24, 2024 11:11am
Quoting Inthebox
if you have the time, practice the ef and eg on m1. see how the price flows. {image}
Same thought, I have been doing it silently.

thanks again ITB

I have similar entries in gold too
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If you believe in yourself anything is possible !!
  • #1,474
  • Jan 24, 2024 11:41am Jan 24, 2024 11:41am
Quoting imifx
{quote} awesome ITB Did u observe this as QM {image}
yes. can be seen in line chart too.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,475
  • Jan 24, 2024 8:06pm Jan 24, 2024 8:06pm
aususd h4, price now in engulf zone. m30 created EG candle.. i am in trade for bullish move.
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  • #1,476
  • Jan 24, 2024 9:25pm Jan 24, 2024 9:25pm
Quoting BDfx77
aususd h4, price now in engulf zone. m30 created EG candle.. i am in trade for bullish move. {image} {image}
d h4 h1 m15 combo
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,477
  • Jan 24, 2024 9:34pm Jan 24, 2024 9:34pm
Quoting Inthebox
{quote} d h4 h1 m15 combo {image}
In a combo (more than 2 TF) situation, which TF would be the potential TP zone?
Success = Practice + Patience + Persistence
  • #1,478
  • Jan 24, 2024 9:51pm Jan 24, 2024 9:51pm
Quoting fxpider
{quote} In a combo (more than 2 TF) situation, which TF would be the potential TP zone?
au does not move much. adr around 50.
so get half of that.
given the distance, the daily % return can be adjusted by position size.
move is h4 to h4.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,479
  • Jan 24, 2024 10:20pm Jan 24, 2024 10:20pm
i am waiting for short.. lets price come to my zone.. make a EF and EG on m5/m1.. then i will go trade..
i am learning, is my chart drawing valid/correct?
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  • #1,480
  • Jan 24, 2024 10:25pm Jan 24, 2024 10:25pm
Quoting fxpider
{quote} In a combo (more than 2 TF) situation, which TF would be the potential TP zone?
On my AU trade, I have TP this side of Daily resistance and within ADR.
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Your trade order needs to be in the right place at the right time.
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