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MTF Engulf / Engulf fail

  • #1,481
  • Jan 24, 2024 10:45pm Jan 24, 2024 10:45pm
Quoting BDfx77
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? {image}
if you are waiting for h4 zone to short, there is one nearer to current market price.
why hurry to go straight from h4 to m5/m1?
this is gold, it can easily take out SL.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,482
  • Jan 24, 2024 11:54pm Jan 24, 2024 11:54pm
talking about how gold easily hit SL, lol
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GPBUSD doing better this week, skip some potential loss from not seeing entry/confirmation
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(I'm keeping the bias of sell from D1 and W1. the box are mostly M30 EG)
  • #1,483
  • Jan 24, 2024 11:56pm Jan 24, 2024 11:56pm
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...
quick similar to what happened to me.
  • #1,484
  • Jan 25, 2024 1:13am Jan 25, 2024 1:13am
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trading is like dancing, don't think and just listen to the music!
  • #1,485
  • Jan 25, 2024 1:29am Jan 25, 2024 1:29am
h4 m30 m5 combo
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,486
  • Jan 25, 2024 1:38am Jan 25, 2024 1:38am
do you all find that nowadays opening FF website is rather slow.
i do not find that with other websites.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,487
  • Jan 25, 2024 1:49am Jan 25, 2024 1:49am
Quoting Inthebox
do you all find that nowadays opening FF website is rather slow. i do not find that with other websites.
Try Cleaning your cache and cookies from the browsing history.
Success = Practice + Patience + Persistence
  • #1,488
  • Jan 25, 2024 1:54am Jan 25, 2024 1:54am
Quoting fxpider
{quote} Try Cleaning your cache and cookies from the browsing history.
done that.
used cleaner too.
run to delete the temp, %temp%, clean disk.
maybe time to change lab top
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,489
  • Jan 25, 2024 1:54am Jan 25, 2024 1:54am
Quoting Inthebox
do you all find that nowadays opening FF website is rather slow. i do not find that with other websites.
Are you running a VPN in the background.
If I leave mine on it slows everything down
Your trade order needs to be in the right place at the right time.
  • #1,490
  • Jan 25, 2024 1:57am Jan 25, 2024 1:57am
Quoting Islandfx911
{quote} Are you running a VPN in the background. If I leave mine on it slows everything down
i do not use VPN, not that tech savvy.
most of the time still ok, maybe certain hours.
not a big issue.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,491
  • Jan 25, 2024 1:58am Jan 25, 2024 1:58am
Quoting Inthebox
{quote} done that. used cleaner too. run to delete the temp, %temp%, clean disk. maybe time to change lab top
Maybe it's time to upgrade your computer
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Your trade order needs to be in the right place at the right time.
  • #1,492
  • Jan 25, 2024 2:05am Jan 25, 2024 2:05am
Quoting Islandfx911
{quote} Maybe it's time to upgrade your computer {image}
i ever used this type before while working in a bank (no not a dealer). hahaha.
i think it was IBM in the 1980's.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,493
  • Jan 25, 2024 2:09am Jan 25, 2024 2:09am
Quoting Inthebox
h4 m30 m5 combo{image} {image}
touched the m30 zone, switch to m15 or m5 to monitor price action.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,494
  • Jan 25, 2024 2:11am Jan 25, 2024 2:11am
UJ: H4+ H1(M30) + m5 ----> worth to look at. Price retesting the EG level.
Success = Practice + Patience + Persistence
  • #1,495
  • Jan 25, 2024 2:40am Jan 25, 2024 2:40am
Quoting Inthebox
{quote} touched the m30 zone, switch to m15 or m5 to monitor price action. {image}
can i ask you, is there a reason to take 2 candles to determine that m30 zone? Thx
  • #1,496
  • Jan 25, 2024 2:56am Jan 25, 2024 2:56am
Quoting huskyboy
{quote} can i ask you, is there a reason to take 2 candles to determine that m30 zone? Thx
look at post 1, 1st image.
engulfing can be a series of blue candles engulfed by a series of red candles.
the 2 candle engulf is also a 1 candle engulf in h1.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,497
  • Jan 25, 2024 3:17am Jan 25, 2024 3:17am
Quoting Inthebox
{quote} touched the m30 zone, switch to m15 or m5 to monitor price action. {image}
ef or not?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,498
  • Jan 25, 2024 3:21am Jan 25, 2024 3:21am
Quoting Islandfx911
{quote} Maybe it's time to upgrade your computer {image}
yes to something more like this...............
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We don't see things as they are - we see things as we are.
  • #1,499
  • Jan 25, 2024 3:24am Jan 25, 2024 3:24am
Caught a nice short on GBPUSD yesterday. Price was inside of bearish 1W, 1D EG. Right after the news the 4h Candle closed just inside of the bearish 4h EG and left a huge gap behind. I entered inside of a 5m EG, which is kind of a small TF but since GU was moving very fast I had FOMO.

SL was above the 1D EG.

TP was above the lower 30m EG - a TP at the bottom of the gap (marked as FVG in my chart) would have been perfect. Notice how it touched the bottom and went straight back up again.

I could have reentered after price created a double top at NY open too.
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  • #1,500
  • Jan 25, 2024 4:53am Jan 25, 2024 4:53am
Quoting Inthebox
{quote} ef or not? {image}
m5 ef eg had a loss. awaiting the next one.
m15 has no confirmation yet.
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ITB - Seeing Orderliness amongst 'Randomness'
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