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MTF Engulf / Engulf fail

  • #1,741
  • Jan 30, 2024 10:50am Jan 30, 2024 10:50am
Quoting Sovy
Ive come to.focus on the fake engulfing more recently and it has been very good especially in entering the highs or lows.
fake or engulf fail means there is a break of structure.
like ict breaker, order block.
i prefer to use traditional terms engulf fail and engulf, instead of using the modified ones.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,742
  • Jan 30, 2024 11:18am Jan 30, 2024 11:18am
Quoting Inthebox
{quote} from m30 eg sell to eg buy {image}
and reversed
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  • #1,743
  • Jan 30, 2024 11:41am Jan 30, 2024 11:41am
Quoting Inthebox
guys, need your comments. is this a good trade? {image}
no right or wrong answer.
it is all relative.
depending on the lifestyle that you want.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,744
  • Jan 30, 2024 2:54pm Jan 30, 2024 2:54pm
Hello Inthebox
i have a question. today i had a short trade on GBPNZD from upper bearish H1 EG. my TP is that lower H1 bullish EG. after some hours price is still volatile in that area and made two bullish EG. what do you think about this trade. is this still a valid trade ?
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  • #1,745
  • Edited 8:12pm Jan 30, 2024 7:45pm | Edited 8:12pm
Quoting Navidh1991
Hello Inthebox i have a question. today i had a short trade on GBPNZD from upper bearish H1 EG. my TP is that lower H1 bullish EG. after some hours price is still volatile in that area and made two bullish EG. what do you think about this trade. is this still a valid trade ? {image}
entry:
when price pullback to h4 eg sell, switch to h1 or m30 for eg or ef sell entry upon retest.
monitoring:
keep remaining in h1 or m30 to monitor for eg or ef buy to exit upon retest.
when price entered the h1 or m30 eg or ef buy, switch 1 or 2 time frame lower to exit upon retest.

so from this example you can see that
whether it is entry or exit, when price pullback, switch 1 or 2 time frame lower and do that upon retest.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,746
  • Jan 30, 2024 8:24pm Jan 30, 2024 8:24pm
I am seeing the stars after scanning the charts

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Almost, in every pair, the opposite zones are kissing each other.

Is anyone watching GJ?
Success = Practice + Patience + Persistence
  • #1,747
  • Jan 30, 2024 8:28pm Jan 30, 2024 8:28pm
Quoting fxpider
I am seeing the stars after scanning the charts {image} Almost, in every pair, the opposite zones are kissing each other. Is anyone watching GJ?
first thing first, focus on direction.
watching nikkei during asia session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,748
  • Jan 30, 2024 8:37pm Jan 30, 2024 8:37pm
Quoting fxpider
I am seeing the stars after scanning the charts {image} Almost, in every pair, the opposite zones are kissing each other. Is anyone watching GJ?
there is no support from d1 for past 9 days.
could not find any eg or ef.

h4/m30 sell

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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,749
  • Jan 30, 2024 9:15pm Jan 30, 2024 9:15pm
Quoting Inthebox
{quote} there is no support from d1 for past 9 days. could not find any eg or ef. h4/m30 sell {image}
if you find that the m30 SL box is too big for you (say 28 pips), when price is in m30 box switch 1 or 2 time frame lower for entry.
m15 box gives about 15 pips SL.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,750
  • Jan 30, 2024 9:19pm Jan 30, 2024 9:19pm
Quoting Inthebox
{quote} there is no support from d1 for past 9 days. could not find any eg or ef. h4/m30 sell {image}
IMO, If it can clear 187.04, it will be a smoother sailing.

CMP, is testing the 4H ef and multiweek SBR zone. The downfall will be a good one.

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Success = Practice + Patience + Persistence
  • #1,751
  • Jan 30, 2024 9:57pm Jan 30, 2024 9:57pm
Quoting Inthebox
{quote} first thing first, focus on direction. watching nikkei during asia session. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,752
  • Jan 30, 2024 10:44pm Jan 30, 2024 10:44pm
Quoting Inthebox
{quote} if you find that the m30 SL box is too big for you (say 28 pips), when price is in m30 box switch 1 or 2 time frame lower for entry. m15 box gives about 15 pips SL. {image}
something to note here.
the lowering of time frames depend on your risk tolerance.
if you chose m30 box you survived at the moment.
if you chose m15 box you have to cut loss.

this is the case that wanting to have an earlier entry in smaller time frame will be riskier.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,753
  • Jan 30, 2024 10:46pm Jan 30, 2024 10:46pm
Quoting fxpider
I am seeing the stars after scanning the charts {image} Almost, in every pair, the opposite zones are kissing each other. Is anyone watching GJ?
the more i explain, the faster will reach page 50. now page 44. LOL.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,754
  • Jan 30, 2024 10:53pm Jan 30, 2024 10:53pm
Quoting Inthebox
{quote} the more i explain, the faster will reach page 50. now page 44. LOL.
Sir I just noticed this. is this what a qm is? a failure of engulf failure = qm??
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,755
  • Jan 30, 2024 11:02pm Jan 30, 2024 11:02pm
Quoting Inthebox
{quote} {image}
there was no confirmation to sell in m30 or m15
the advantage of not switching to a small time frame avoided any loss here.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,756
  • Jan 30, 2024 11:20pm Jan 30, 2024 11:20pm
Quoting melord
{quote} Sir I just noticed this. is this what a qm is? a failure of engulf failure = qm??{image}
i had explained with image earlier.
https://www.forexfactory.com/thread/...1#post14723801

QM is more of a movement. the later down move engulfs the previous one.
you always can find entry by switching to lower time frames.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,757
  • Jan 30, 2024 11:23pm Jan 30, 2024 11:23pm
be back around london open
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,758
  • Jan 31, 2024 12:04am Jan 31, 2024 12:04am
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trading is like dancing, don't think and just listen to the music!
  • #1,759
  • Jan 31, 2024 1:28am Jan 31, 2024 1:28am
gu direction is down.
cmp is at weg sell, deg buy, h4eg buy.
if selling, wait for price to reach h4eg sell and switch time frame.
if counter trend buying, you will now be looking at h1 or m30 time frame.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,760
  • Jan 31, 2024 2:27am Jan 31, 2024 2:27am
Quoting Inthebox
gu direction is down. cmp is at weg sell, deg buy, h4eg buy. if selling, wait for price to reach h4eg sell and switch time frame. if counter trend buying, you will now be looking at h1 or m30 time frame. {image}
What about this view mate?

H4 to H4
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m30 eg
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Just testing dont know...
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