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MTF Engulf / Engulf fail

  • #1,681
  • Jan 29, 2024 9:35pm Jan 29, 2024 9:35pm
Quoting Inthebox
guys, need your comments. is this a good trade? {image}
Big Support build up, so if you want so sell - no
  • #1,682
  • Jan 29, 2024 9:40pm Jan 29, 2024 9:40pm
Quoting JohanMarais
{quote} Big Support build up, so if you want so sell - no
i agree there is a daily ef there so if price action says buy then it might be time to buy
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,683
  • Jan 29, 2024 9:42pm Jan 29, 2024 9:42pm
GBPCHF
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  • #1,684
  • Jan 29, 2024 9:43pm Jan 29, 2024 9:43pm
Quoting Inthebox
guys, need your comments. is this a good trade? {image}
it seems a risky trade sell in support zone
  • #1,685
  • Jan 29, 2024 9:47pm Jan 29, 2024 9:47pm
Quoting Inthebox
guys, need your comments. is this a good trade? {image}
I have my eyes on EJ london open, same structure
  • #1,686
  • Edited 10:03pm Jan 29, 2024 9:53pm | Edited 10:03pm
Quoting Inthebox
guys, need your comments. is this a good trade? {image}
This in itself is not bad. There is even a potential for a decrease, also on H4 the absorption is much lower.
It all depends on the goals you set. If the goal is 10-15 p., the scalp is not bad.

What do you think?
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Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #1,687
  • Jan 29, 2024 9:53pm Jan 29, 2024 9:53pm
Quoting Inthebox
guys, need your comments. is this a good trade? {image}
YES and NO

If the trade is taken based on ONLY m30, then there are few preceding EF and EG zones to support the trade.
However, If HTF (4H) is considered, I would not be selling inside a buy zone.
Success = Practice + Patience + Persistence
  • #1,688
  • Jan 29, 2024 9:56pm Jan 29, 2024 9:56pm
Quoting fxpider
{quote} YES and NO If the trade is taken based on ONLY m30, then there are few preceding EF and EG zones to support the trade. However, If HTF (4H) is considered, I would not be selling inside a buy zone.
i like your comment.
so i go build a strategy on this.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,689
  • Jan 29, 2024 10:00pm Jan 29, 2024 10:00pm
Quoting Inthebox
{quote} i like your comment. so i go build a strategy on this.
Oh yeah! bring it on.

This thread is approaching to 50 pages, it's time for a new one.
Success = Practice + Patience + Persistence
  • #1,690
  • Jan 29, 2024 10:03pm Jan 29, 2024 10:03pm
Lets buy first and then sell later
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,691
  • Jan 29, 2024 10:07pm Jan 29, 2024 10:07pm
Quoting lipopos
{quote} This in itself is not bad. There is even a potential for a decrease, also on H4 the absorption is much lower. It all depends on the goals you set. If the goal is 10-15 p., the scalp is not bad. What do you think? {image} {image} {image}
bravo for your analysis.
would appreciate that in future to include the time frame in the chart.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,692
  • Jan 29, 2024 10:10pm Jan 29, 2024 10:10pm
Quoting fxpider
{quote} Oh yeah! bring it on. This thread is approaching to 50 pages, it's time for a new one.
just a few eye blinks more to destination.
no new strategy.
same strategy catering for traders with different lifestyle.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,693
  • Jan 29, 2024 10:15pm Jan 29, 2024 10:15pm
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trading is like dancing, don't think and just listen to the music!
  • #1,694
  • Jan 29, 2024 10:17pm Jan 29, 2024 10:17pm
Quoting Inthebox
{quote} bravo for your analysis. would appreciate that in future to include the time frame in the chart.
Ok.
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #1,695
  • Jan 29, 2024 10:18pm Jan 29, 2024 10:18pm
Quoting melord
Lets buy first and then sell later{image}
slow down slow down.
in a range and frankfurt open soon.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,696
  • Jan 29, 2024 10:29pm Jan 29, 2024 10:29pm
Quoting birdland
{image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,697
  • Jan 29, 2024 10:34pm Jan 29, 2024 10:34pm
AU: Getting ready.

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Success = Practice + Patience + Persistence
  • #1,698
  • Jan 29, 2024 10:49pm Jan 29, 2024 10:49pm
Quoting fxpider
AU: Getting ready. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,699
  • Jan 29, 2024 10:51pm Jan 29, 2024 10:51pm
Quoting Inthebox
guys, need your comments. is this a good trade? {image}
It is a good trade when you have written your trade plan with simple rules for entry and exit,

and so long have you have your reason(s) why you sold there during the M30 active candle and not wait for the m30 to close.

When the market is sideways there will be swing levels in tight range ... SnR levels and the setup was in the Kill Zone of SnR levels,

> bearish rejection candle

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,700
  • Jan 29, 2024 10:54pm Jan 29, 2024 10:54pm
GU: Getting pushed into a buy zone before FNKY opens.

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Success = Practice + Patience + Persistence
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