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MTF Engulf / Engulf fail

  • #1,561
  • Jan 26, 2024 4:00am Jan 26, 2024 4:00am
Quoting huskyboy
{quote} this is what i am looking at, entry on the arrow {image} {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,562
  • Jan 26, 2024 4:34am Jan 26, 2024 4:34am
Quoting Inthebox
{quote} {image}
the eg m5 was inside an eg m15 (not marked on the chart), my bias was long
  • #1,563
  • Jan 26, 2024 4:52am Jan 26, 2024 4:52am
Quoting huskyboy
{quote} the eg m5 was inside an eg m15 (not marked on the chart), my bias was long
m15 supports m5.
which htf supports m15?
i asked because i want you to know this that m15 support is not enough.
which time frame gives support to your long bias?
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,564
  • Jan 26, 2024 5:03am Jan 26, 2024 5:03am
Quoting birdland
{quote}{image}
Hi, if i may ask, it looks like you do not wait for confrimation but entering when price is in the zone,
bravo for confidence as price broke the zone with the wick and then went to your favour, how many pips SL you tolerate?
  • #1,565
  • Jan 26, 2024 5:12am Jan 26, 2024 5:12am
Quoting Inthebox
{quote} m15 supports m5. which htf supports m15? i asked because i want you to know this that m15 support is not enough. which time frame gives support to your long bias?
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support from the ef m30?
  • #1,566
  • Jan 26, 2024 5:34am Jan 26, 2024 5:34am
USDCHF M30
Looking for a engulf inside support area
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  • #1,567
  • Jan 26, 2024 5:35am Jan 26, 2024 5:35am
Quoting huskyboy
{quote} {image} support from the ef m30?
post 1 rule 1.
(1) Direction flow bias.
Go to w1, d1, h4 to find Engulfing direction.

so the lowest time frame for bias is h4.
when price gone into h4 bullish engulf, go 1 or 2 time frames lower.
you find that h1 and m30 also has an bullish engulf, which is in agreement with h4.
when price gone into h1 or m30 bullish engulf, go 1 or 2 time frames lower.
wait for m15 or m5 to form a bullish engulf or engulf fail, which is in agreement with m30 or h1, which is also in agreement with h4.

you see that there is a set sequence of steps to take so that all time frames are in agreement in same direction.
not starting with h1 or m30 and go lower time frames for entry.
not starting with h4 and jump to m15 for entry.

hope that it is clear now.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,568
  • Jan 26, 2024 6:22am Jan 26, 2024 6:22am
Quoting Ziemowit
{quote} Hi, if i may ask, it looks like you do not wait for confrimation but entering when price is in the zone, bravo for confidence as price broke the zone with the wick and then went to your favour, how many pips SL you tolerate?
i dont wait for confirmation and i dont use hard SL, because i know GU very well for years and know when i am wrong to close positions.

i would not trade the same way other currencies like AU, UJ or GJ. its only with GU i have the trust.
trading is like dancing, don't think and just listen to the music!
  • #1,569
  • Jan 26, 2024 6:36am Jan 26, 2024 6:36am
Quoting Inthebox
{quote} post 1 rule 1. (1) Direction flow bias. Go to w1, d1, h4 to find Engulfing direction. so the lowest time frame for bias is h4. when price gone into h4 bullish engulf, go 1 or 2 time frames lower. you find that h1 and m30 also has an bullish engulf, which is in agreement with h4. when price gone into h1 or m30 bullish engulf, go 1 or 2 time frames lower. wait for m15 or m5 to form a bullish engulf or engulf fail, which is in agreement with m30 or h1, which is also in agreement with h4. you see that there is a set sequence of steps to take...
thanks for the detailed explanation
  • #1,570
  • Jan 26, 2024 6:46am Jan 26, 2024 6:46am
Nas h4,is it right to say that we want price to come into that above eg h4, then see if the lower tfrs makes eg's for the sell in agreement with the daily and h4 eg?
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  • #1,571
  • Jan 26, 2024 6:46am Jan 26, 2024 6:46am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,572
  • Jan 26, 2024 7:01am Jan 26, 2024 7:01am
Quoting huskyboy
Nas h4,is it right to say that we want price to come into that above eg h4, then see if the lower tfrs makes eg's for the sell in agreement with the daily and h4 eg?{image}
i do not see any bearish d1 engulf.
since it is nasdaq it is safer to wait for nyse to open unless you are willing to take a risk.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,573
  • Jan 26, 2024 9:48am Jan 26, 2024 9:48am
here a late trade with small positions because daily target already reached AND its friday.

the main signal was the m15 gap...and of course the big h4 and m30 eg
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trading is like dancing, don't think and just listen to the music!
  • #1,574
  • Jan 26, 2024 9:58am Jan 26, 2024 9:58am
Mf won't give me a retest on that 30m engulf. Waiting patiently. Hope market dont close before that.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,575
  • Edited 10:39pm Jan 26, 2024 10:05pm | Edited 10:39pm
weekend study.
alright guys. this is the last video, my last gift that i am putting out here.
although it is a hindsight learning but a good one. everyone should watch it more than once.
if this does not help you, then i could not do anything more to help either. i have expended my effort here.
if you still could not understand, i suggest that you switch to other methods.
for some, their eyes just cannot see the engulfing set up.

so no more doubts on this thread anymore, you should be skillful on your own now.
the rests of it depends on you. how persistent and disciplined you are on continuous learning and taking action to apply them on a daily basis.
Knowledge is useless without the ability to apply It.

Inserted Video
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,576
  • Jan 26, 2024 11:42pm Jan 26, 2024 11:42pm
Inserted Video


We're leavin' together
But still it's farewell
And maybe we'll come back
To Earth, who can tell?
I guess there is no one to blame
We're leaving ground (leaving ground)
Will things ever be the same again?
It's the final countdown
The final countdown
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,577
  • Jan 27, 2024 12:33am Jan 27, 2024 12:33am
Quoting Inthebox
https://www.youtube.com/watch?v=0G1tM3zBYHA We're leavin' together But still it's farewell And maybe we'll come back To Earth, who can tell? I guess there is no one to blame We're leaving ground (leaving ground) Will things ever be the same again? It's the final countdown The final countdown
Hello @Inthebox
i use your method recently and i achieved to 70 to 75 percent winrate till now (This is the second week that I have been using this method). i set my SL around 10 pips upper than engulf candle and for all my trades SL is average 20 pips. do you think i should set the SL wider as you said Maximum 40 pips ? i mean will it survive in the choppy market?
i use H4/H1/M30 TFs
  • #1,578
  • Jan 27, 2024 12:57am Jan 27, 2024 12:57am
Quoting Navidh1991
{quote} Hello @Inthebox i use your method recently and i achieved to 70 to 75 percent winrate till now (This is the second week that I have been using this method). i set my SL around 10 pips upper than engulf candle and for all my trades SL is average 20 pips. do you think i should set the SL wider as you said Maximum 40 pips ? i mean will it survive in the choppy market? i use H4/H1/M30 TFs
A 70% to 75% win rate is excellent. Why would you want to change it when it's working fine for you?

The golden rule for any sport: DON'T CHANGE THE WINNING COMBINATION UNTIL IT'S WORKING FOR YOU.

Just my opinion.
Success = Practice + Patience + Persistence
  • #1,579
  • Jan 27, 2024 12:59am Jan 27, 2024 12:59am
Quoting Inthebox
https://www.youtube.com/watch?v=0G1tM3zBYHA We're leavin' together But still it's farewell And maybe we'll come back To Earth, who can tell? I guess there is no one to blame We're leaving ground (leaving ground) Will things ever be the same again? It's the final countdown The final countdown
STOP the countdown, please. It has not reached page 50 yet.
Success = Practice + Patience + Persistence
  • #1,580
  • Jan 27, 2024 1:17am Jan 27, 2024 1:17am
Quoting fxpider
{quote} A 70% to 75% win rate is excellent. Why would you want to change it when it's working fine for you? The golden rule for any sport: DON'T CHANGE THE WINNING COMBINATION UNTIL IT'S WORKING FOR YOU. Just my opinion.
yeah you are right but this winrate is just for 2 weeks and different condition of the market will impact on winrate.
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