MTF Engulf / Engulf fail

Quoting Navidh1991

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{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

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Quoting fxpider

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{quote} STOP the countdown, please. It has not reached page 50 yet.

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Quoting Navidh1991

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{quote} 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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Quoting fxpider

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{quote} The fact is when the entry TF's (EG/EF zone + spread) is broken, then the trade control is not valid anymore. Wait for the next EG/EF within the HTF setup. So, it is better to be proven wrong early than later. Alternatively, you can set the SL according to the HTF zone. In that case, the trade-off will be the lower R:R.

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Quoting Inthebox

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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

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Quoting Navidh1991

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{quote} yeah i agree with you about setup invalidation and i also prefer to keep R:R , 1 or higher. one of the greatest concerns for traders is consecutive losses in a choppy market which you can limit you losses in this kind of market by keeping your R:R more than 1 and higher winrate.

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Quoting koken

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{quote} I am also talking to myself: if it's so choppy that it spike your SL that's 10 pips away from the zone, then price go in your favor, take a break from the market, and good time will come after the abnormality. I tried changing SL from big to small, from small to big, end up the market is playing fool with me, I am constantly falling on the wrong side whenever I change, no matter it's observing a day, two weeks.

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Quoting birdland

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{quote} try to split positions into 3 parts. take the first when you want to buy/sell, the second when its still in the zone and the third as a "last chance positions"...and widen your initial stop for all positions. its just an idea, this is best to practice in demo to get a feeling for this...

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Quoting Ziemowit

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hi traders! was sick all week and did not contribute here my view on DAX on daily we have EF , but last valid 4h bearish EG still in play, on Daily looks like price made double top and is ready to fall, only concern is that on daily there is engulf fail, what is your view on it? {image} {image} {image}

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Quoting Inthebox

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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...

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Quoting melord

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Mf won't give me a retest on that 30m engulf. Waiting patiently. Hope market dont close before that. {image}

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Quoting Navidh1991

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BTCUSDT Retrace to support zone. Looking for engulf on lower timeframes {image}

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Quoting Inthebox

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{quote} small weekly candles. {image}

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Quoting melord

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{quote} Sir I am trying to understand the storyline here. Why the price not come to the nearest weekly bullish eg down there? I thought price was supposed to go from weekly bearish eg to weekly bullish eg.{image}

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Quoting Inthebox

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{quote} you know that price does not go straight away to w1 bullish eg right? when price broke the w1 bearish eg, what did it do? went back to retest the level right? and do not forget on the way down, there are roadblocks. when price was in the w1 bearish eg what must you do? you switch to 1 or 2 time frames lower to monitor price action right? then you can see the roadblock there. think in terms of mtf engulfing.

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Quoting Inthebox

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{quote} {image}

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Quoting Ziemowit

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I have spent all day watching the videos from the thread and i think it helped me a lot redrawed GBPJPY charts, but im bit cofused can you please share your view? {image} {image} {image}

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