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Attachments: MTF Engulf / Engulf fail
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MTF Engulf / Engulf fail

  • #1,721
  • Jan 30, 2024 3:39am Jan 30, 2024 3:39am
Quoting imifx
{quote} Hello ITB, Certainly not to ignore this? {image} {image}
my view. liquidity taken. higher lows.
retracing to h1 ef buy or h4 eg buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,722
  • Jan 30, 2024 3:51am Jan 30, 2024 3:51am
Quoting witowito
{quote} Time to scalp longs, isnt it? at least to h1 level 10 pips as 1st TP H1 EF level with m15+m30 engulf and retest now, entry with this stop run of the lows of the days... Let see how it goes
they did the fib 50 thing.
so i suspect that it is going down to the lower eg buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,723
  • Jan 30, 2024 3:57am Jan 30, 2024 3:57am
ok. till new york session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,724
  • Jan 30, 2024 4:12am Jan 30, 2024 4:12am
no pain no gain.
while learning trading, along the way ..........
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,725
  • Edited 7:04am Jan 30, 2024 5:17am | Edited 7:04am
Targeting the GAP
Update TP hit
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  • #1,726
  • Edited 6:52am Jan 30, 2024 6:18am | Edited 6:52am
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Update TP hit
  • #1,727
  • Jan 30, 2024 7:53am Jan 30, 2024 7:53am
Quoting Inthebox
{quote} my view. liquidity taken. higher lows. retracing to h1 ef buy or h4 eg buy. {image}
update
h4 zone switch to ltf
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,728
  • Jan 30, 2024 8:23am Jan 30, 2024 8:23am
Quoting Inthebox
{quote} update h4 zone switch to ltf {image}
anyone caught this move?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,729
  • Jan 30, 2024 8:32am Jan 30, 2024 8:32am
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Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #1,730
  • Jan 30, 2024 8:38am Jan 30, 2024 8:38am
Quoting lipopos
{image}
see whether goes to eg buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,731
  • Jan 30, 2024 8:42am Jan 30, 2024 8:42am
Quoting JohanMarais
{image}
TP hit
Sorry must mention it did take my SL, bur entered on the first engulfing buy again as my bias was up
  • #1,732
  • Jan 30, 2024 8:56am Jan 30, 2024 8:56am
Quoting Inthebox
{quote} see whether goes to eg buy {image}
Quick question Sir:
Would you consider this as a fail engulf or if not, what have you learn from experience to avoid this kind of candles... I think u said something about not holding the engulf or something similar, please explain a bit when u have time, I am interesting in ur knowledge based on experience.

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  • #1,733
  • Jan 30, 2024 9:06am Jan 30, 2024 9:06am
Quoting Inthebox
{quote} see whether goes to eg buy {image}
from m30 eg sell to eg buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,734
  • Jan 30, 2024 9:12am Jan 30, 2024 9:12am
Quoting Inthebox
{quote} from m30 eg sell to eg buy {image}
Yep, awaiting confirmation
4HR EG reached and 1 HR confirming, lets see
  • #1,735
  • Jan 30, 2024 9:29am Jan 30, 2024 9:29am
Quoting Inthebox
{quote} anyone caught this move? {image}
Yes, Ser.
Was waiting patiently and sniped at right time with minor SL with 1% risk which helped to build good position sizing.

caught both the moves, sharp entry.
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If you believe in yourself anything is possible !!
  • #1,736
  • Jan 30, 2024 9:32am Jan 30, 2024 9:32am
Quoting witowito
{quote} Quick question Sir: Would you consider this as a fail engulf or if not, what have you learn from experience to avoid this kind of candles... I think u said something about not holding the engulf or something similar, please explain a bit when u have time, I am interesting in ur knowledge based on experience. {image}
this engulfing is not about being predictive because we can't.
it is all about being reactive by monioring the ltf. after abc had happened, then most likely xyz will happen.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,737
  • Jan 30, 2024 9:48am Jan 30, 2024 9:48am
ok guys wishing you all had a bountiful day.
if one day you become very skillful with this engulfing, the win rate will be 80-90% if you are not greedy.
every time you win, you think of me ok?
that is already my reward.
i worked a 12 hour day for this to happen.
i also need a break, or else i will fall sick.
tomorrow is another day.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,738
  • Jan 30, 2024 10:04am Jan 30, 2024 10:04am
when i started this thread 4.5 months ago, i had a hard time getting people to participate.
i guess it is very difficult take a leap of faith to drop all your indicators
(not that it is bad. but you have to know it like the back of your hand, most don't) and use boxes.
how many of you had done that? ie. drop your indicators and use boxes.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,739
  • Jan 30, 2024 10:16am Jan 30, 2024 10:16am
Quoting Inthebox
when i started this thread 4.5 months ago, i had a hard time getting people to participate. i guess it is very difficult take a leap of faith to drop all your indicators (not that it is bad. but you have to know it like the back of your hand) and use boxes. how many of you had done that? ie. drop your indicators and use boxes.
Hey my brother, I found you through no indicator trading thread and got interested in EG and EF method, I have been trading 7 years and now only getting my entries and exits really good, I must personally thank you for giving your time and effort to fellow traders, I cleared my charts from indicators only using S&R, trend lines and EG candles, I mainly use line charts for S&R, but the trick is MTF
  • #1,740
  • Jan 30, 2024 10:31am Jan 30, 2024 10:31am
Ive come to.focus on the fake engulfing more recently and it has been very good especially in entering the highs or lows.
Trading is gambling. So gamble responsibly.
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