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MTF Engulf / Engulf fail

  • #1,681
  • Jan 29, 2024 11:35pm Jan 29, 2024 11:35pm
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 11:40pm Jan 29, 2024 11:40pm
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 11:42pm Jan 29, 2024 11:42pm
GBPCHF
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  • #1,684
  • Jan 29, 2024 11:43pm Jan 29, 2024 11:43pm
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 11:47pm Jan 29, 2024 11:47pm
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 Jan 30, 2024 12:03am Jan 29, 2024 11:53pm | Edited Jan 30, 2024 12:03am
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 11:53pm Jan 29, 2024 11:53pm
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 11:56pm Jan 29, 2024 11:56pm
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 30, 2024 12:00am Jan 30, 2024 12:00am
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 30, 2024 12:03am Jan 30, 2024 12:03am
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 30, 2024 12:07am Jan 30, 2024 12:07am
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 30, 2024 12:10am Jan 30, 2024 12:10am
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 30, 2024 12:15am Jan 30, 2024 12:15am
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trading is like dancing, don't think and just listen to the music!
  • #1,694
  • Jan 30, 2024 12:17am Jan 30, 2024 12:17am
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 30, 2024 12:18am Jan 30, 2024 12:18am
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 30, 2024 12:29am Jan 30, 2024 12:29am
Quoting birdland
{image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,697
  • Jan 30, 2024 12:34am Jan 30, 2024 12:34am
AU: Getting ready.

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Success = Practice + Patience + Persistence
  • #1,698
  • Jan 30, 2024 12:49am Jan 30, 2024 12:49am
Quoting fxpider
AU: Getting ready. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,699
  • Jan 30, 2024 12:51am Jan 30, 2024 12:51am
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 30, 2024 12:54am Jan 30, 2024 12:54am
GU: Getting pushed into a buy zone before FNKY opens.

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Success = Practice + Patience + Persistence
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