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MTF Engulf / Engulf fail

  • #1,601
  • Jan 27, 2024 6:53pm Jan 27, 2024 6:53pm
Quoting Ziemowit
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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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,602
  • Jan 28, 2024 4:53am Jan 28, 2024 4:53am
this applies to trading and whatever you want to learn. do you understand?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,603
  • Jan 28, 2024 7:02am Jan 28, 2024 7:02am
Quoting Inthebox
{quote} {image} {image} {image}
Hello! Based on the post
https://www.forexfactory.com/thread/...6#post14586476
The shadow of the blue candle should be overlapped by the shadow of the red one, but it did not overlap the shadow, based on the concept of engulfing . then why did you mark it as a takeover?
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Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #1,604
  • Jan 28, 2024 7:18am Jan 28, 2024 7:18am
Quoting lipopos
{quote} Hello! Based on the post https://www.forexfactory.com/thread/...6#post14586476 The shadow of the blue candle should be overlapped by the shadow of the red one, but it did not overlap the shadow, based on the concept of engulfing . then why did you mark it as a takeover? {image}
if you mean the low, go to post 1 first picture.
there are variations.
another perspective is that it can happen that ltf requiring 2 or more red candles to close below blue.
however in htf it can appear as single red candle engulfing single blue candle.
think in terms of mtf.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,605
  • Jan 28, 2024 7:23am Jan 28, 2024 7:23am
Quoting Inthebox
{quote} do you mean the high or the low? if it is the low, go to post 1 first picture.
but this is at the maximum, judging by your screenshot...?
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Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #1,606
  • Jan 28, 2024 7:28am Jan 28, 2024 7:28am
The next long red candle overlapped the blue and short red one, I see it. I just want to understand the methodology. I read and studied the entire thread, including the video, in principle everything is clear. But in this particular case, why is that so?
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #1,607
  • Jan 28, 2024 7:28am Jan 28, 2024 7:28am
Quoting lipopos
{quote} Hello! Based on the post https://www.forexfactory.com/thread/...6#post14586476 The shadow of the blue candle should be overlapped by the shadow of the red one, but it did not overlap the shadow, based on the concept of engulfing . then why did you mark it as a takeover? {image}
The blue candle was engulfed by the following two (Combined) red candles. Please revisit the post #1 to clear the concept.
Success = Practice + Patience + Persistence
  • #1,608
  • Jan 28, 2024 7:34am Jan 28, 2024 7:34am
I like this thread, going to try it on eurusd.
  • #1,609
  • Jan 28, 2024 7:38am Jan 28, 2024 7:38am
Quoting lipopos
{quote} but this is at the maximum, judging by your screenshot...? {image} {image}
i mentioned variations. different types but mean the same concept of engulfing.
from post 1. there are different types of variations.
the second one is another type of variations. you just have to move up one or two times frames to see.
think in terms of mtf.
quasimodo is also another type of engulfing.
many many types. do not be fixed on only one type that traders usually know.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,610
  • Jan 28, 2024 7:48am Jan 28, 2024 7:48am
Quoting Inthebox
{quote} i mentioned variations. different types but mean the same concept of engulfing. from post 1. there are different types of variations. the second one is another type of variations. you just have to move up one or two times frames to see. think in terms of mtf. quasimodo is also another type of engulfing. many many types. do not be fixed on only one type that traders usually know. {image} {image}
Thanks for the clarification. In principle, that's what I assumed. OK
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #1,611
  • Jan 28, 2024 9:58am Jan 28, 2024 9:58am
BTCUSDT
Waiting for pullback to H1 EF and an engulf setup for a decline to lower H1 EF
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  • #1,612
  • Jan 28, 2024 2:02pm Jan 28, 2024 2:02pm
Quoting Inthebox
{quote} {image}
2 way h4 eg to eg

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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,613
  • Jan 28, 2024 7:18pm Jan 28, 2024 7:18pm
asia session. nikkei.
direction is up h4 eg to eg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,614
  • Jan 28, 2024 8:07pm Jan 28, 2024 8:07pm
Quoting Inthebox
asia session. nikkei. direction is up h4 eg to eg. {image}
by adjusting your position size you are done for the day with 1% equity profit.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,615
  • Jan 28, 2024 8:29pm Jan 28, 2024 8:29pm
for those who still want to hold will have to monitor m15/m5 for an engulf sell.
however you are taking more risk the longer you stay in the market.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,616
  • Jan 28, 2024 8:33pm Jan 28, 2024 8:33pm
Long on 1hr 15 min scale. scalping just for learning
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,617
  • Jan 28, 2024 8:55pm Jan 28, 2024 8:55pm
Quoting melord
Long on 1hr 15 min scale. scalping just for learning{image}
h1 and m15 are entry time frames.
have you done a direction check?
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,618
  • Jan 28, 2024 9:01pm Jan 28, 2024 9:01pm
Quoting Inthebox
{quote} h1 and m15 are entry time frames. have you done a direction check?
no i didnt do any direction check went straight to 1hrly zone. I just wanted to monitor the movement of price like that video was talking about.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,619
  • Jan 28, 2024 9:03pm Jan 28, 2024 9:03pm
Quoting melord
Long on 1hr 15 min scale. scalping just for learning{image}
will monitor what 5 min does in this 15 min eg zone
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,620
  • Jan 28, 2024 9:11pm Jan 28, 2024 9:11pm
Quoting melord
{quote} no i didnt do any direction check went straight to 1hrly zone. I just wanted to monitor the movement of price like that video was talking about.
the typical traders will always want to be in the market.
they think that entry time frames are more important than direction because they want early entry.
they find scalping exiting, however many times turning into swing trading when refusing to accept that they are wrong.
they do these day in day out and had already form a habit when they open a chart.
kill that habit. you should learn from today's example for Nikkei.
the habit that you form will determine whether you are successful or not in trading.
ps. there is no volume for gbp in today's asia session. the video always show htf direction flow to follow.
ITB - Seeing Orderliness amongst 'Randomness'
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