MTF Engulf / Engulf fail | Page 84 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Engulf Bar Trading Journal 19 replies

MPE - Momentum, Pullback, Engulf 33 replies

Trade management - moving stops to BE+ after opposing engulf 2 replies

Engulf Alert Indicator 1 reply

MTF Stochastics into MTF Stoch Histogram 8 replies

Attachments: MTF Engulf / Engulf fail
Exit Attachments

MTF Engulf / Engulf fail

  • #1,661
  • Jan 29, 2024 6:37am Jan 29, 2024 6:37am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
  • #1,662
  • Jan 29, 2024 6:40am Jan 29, 2024 6:40am
What is best sl if i use 1 min tf ?
  • #1,663
  • Jan 29, 2024 6:41am Jan 29, 2024 6:41am
Gold H4 inside D1. Still selling pressure on my view. Done my shorting in london open, just reviewing.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 9 KB
  • #1,664
  • Jan 29, 2024 7:01am Jan 29, 2024 7:01am
Interesting week ahead
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
  • #1,665
  • Jan 29, 2024 7:25am Jan 29, 2024 7:25am
Quoting witowito
Okey let me try ur concepts... I got attracted and I think it will help me to develope my trading so just mapping some zones and ideas H4{image} H1 just for monitoring {image}
so far so good this one after h1 eg at H4 zone, collected 90%, for me enoug... leaving 10% (for testing bigger picture targets)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
  • #1,666
  • Jan 29, 2024 7:30am Jan 29, 2024 7:30am
EURNZD
Inthebox Do you think H4 EG broken from the bottom or not ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 19 KB
  • #1,667
  • Jan 29, 2024 7:35am Jan 29, 2024 7:35am
Quoting fxpider
What is your preferred TF for the following? and why? FE and TC CE
no preferred TF for entry.
for me can be h1 if SL is say 30 pips. keep on switching until a TF that satisfy your risk tolerance SL.
FE can be break out of engulf, 2nd one with confirmation.
prefer to keep chart at h4 until price is near zone. upon alert switch 1 or 2 tf lower.
i prefer not to see ltf movement which can hinder my original plan.
also can take a look every half an hour or one hour.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
Click to Enlarge Name: screenshot.png Size: 15 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,668
  • Jan 29, 2024 7:43am Jan 29, 2024 7:43am
Quoting Level2flow
What is best sl if i use 1 min tf ?
no such thing as "best".
all depends on your risk tolerance.
you can place SL just outside the m1 or m5 engulf box.
if providing 1% SL then adjust your position size accordingly.
m5 engulf box will be further away than m1, so your position size will be smaller.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,669
  • Jan 29, 2024 7:47am Jan 29, 2024 7:47am
Quoting fxpider
{quote} FE : first entry TC: trade control CE: confirmation entry
Attached Image (click to enlarge)
Click to Enlarge Name: dont-fw.gif Size: 1.8 MB
If you believe in yourself anything is possible !!
  • #1,670
  • Jan 29, 2024 7:55am Jan 29, 2024 7:55am
Quoting Level2flow
What is best sl if i use 1 min tf ?
The money you ready to loose, for example if trading a 10K account 1% risk per trade will cost 100$ SL, so adjust your lot size accordingly as it could be 10-20-30-40-50 pips probably last swing high/low depending quality of trade execution.
If you believe in yourself anything is possible !!
  • #1,671
  • Jan 29, 2024 7:56am Jan 29, 2024 7:56am
Quoting Inthebox
{quote} no preferred TF for entry. for me can be h1 if SL is say 30 pips. keep on switching until a TF that satisfy your risk tolerance SL. FE can be break out of engulf, 2nd one with confirmation. prefer to keep chart at h4 until price is near zone. upon alert switch 1 or 2 tf lower. i prefer not to see ltf movement which can hinder my original plan. also can take a look every half an hour or one hour. {image} {image}
did you automate the alert of watch it manually?
If you believe in yourself anything is possible !!
  • #1,672
  • Jan 29, 2024 7:59am Jan 29, 2024 7:59am
Quoting Navidh1991
EURNZD Inthebox Do you think H4 EG broken from the bottom or not ? {image}

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,673
  • Jan 29, 2024 8:02am Jan 29, 2024 8:02am
Quoting imifx
{quote} did you automate the alert of watch it manually?
mt5 and tradingview sound alert.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,674
  • Jan 29, 2024 8:10am Jan 29, 2024 8:10am
you only need 1 good trade a day for 1% equity return.
do not remain in small time frames too often.
after i got alert from h4 engulf, i keep the screen on h1 or m30.
wait for the A+ setup.
if there is none so be it.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,675
  • Jan 29, 2024 8:42am Jan 29, 2024 8:42am
algo style = scan all engulf and trade all engulf = 25% win rate
ITB style = filter out setup = 75% win rate
  • #1,676
  • Jan 29, 2024 8:47am Jan 29, 2024 8:47am
Quoting koken
algo style = scan all engulf and trade all engulf = 25% win rate ITB style = filter out setup = 75% win rate
Bulshit bra, maybe you need some training on PA
  • #1,677
  • Jan 29, 2024 9:04am Jan 29, 2024 9:04am
dax vieuw

Attached Image (click to enlarge)
Click to Enlarge Name: dax trade 290124.png Size: 27 KB
  • #1,678
  • Jan 29, 2024 9:52am Jan 29, 2024 9:52am
Quoting witowito
Okey let me try ur concepts... I got attracted and I think it will help me to develope my trading so just mapping some zones and ideas H4{image} H1 just for monitoring {image}
Update of this remaining trade, TP and just leave some to original H4 TP to check theories
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB

at key point for me from my old view I found a H1 zone with a m15 engulf ... time to TP
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB

final TP red box I will leave it there
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB


Done for the day, Thanks Inthebox, this is looking pretty good to improve my trading
  • #1,679
  • Jan 29, 2024 9:54am Jan 29, 2024 9:54am
USDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.png Size: 20 KB
  • #1,680
  • Jan 29, 2024 11:29pm Jan 29, 2024 11:29pm
guys, need your comments.
is this a good trade?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB
ITB - Seeing Orderliness amongst 'Randomness'
26 traders viewing now