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MTF Engulf / Engulf fail

  • #1,841
  • Feb 2, 2024 1:56am Feb 2, 2024 1:56am
Quoting birdland
{quote} what do you mean with he scammed me. did he want your money?
I paid for his mentorship and he ran away with money, he said bird land is my associate, and I saw you in his discord group as well
  • #1,842
  • Feb 2, 2024 1:58am Feb 2, 2024 1:58am
Quoting Inthebox
{quote} you are now in h4 zone, what time frames should you be flipping here and there? you are now also in h1 zone, what time frames should you be flipping here and there? it's mtf. {image}
scalping short m1
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  • #1,843
  • Feb 2, 2024 2:03am Feb 2, 2024 2:03am
Quoting 19monza64
{quote} scalping short m1{image}
you breaking post 1 rules?
you may win this time but this may turn into a bad habit which can become gambling.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,844
  • Feb 2, 2024 2:33am Feb 2, 2024 2:33am
Quoting Inthebox
{quote} you breaking post 1 rules? you may win this time but this may turn into a bad habit which can become gambling.
Yes you are right but I am predominantly a scalper in M1. I look at OB in H4 and define them better in H1 and M 15. The situation is different when the PA D1 is clearly long. So in that case I don't scalp (10 - 15 pips).
But if you note (I trade Gold, UJ, GJ and Nasdaq) in the last period all are in correction/range
  • #1,845
  • Edited 3:07am Feb 2, 2024 2:47am | Edited 3:07am
Quoting Inthebox
{quote} ya. trying to make withdrawal at the bank, but realize did not put in any deposits. LOL. same with how one's manage all aspects of his life. have to deposit first.
Yeah, same thing happened to me as well, was trying to withdraw but always failed and the tech guys told me it's a Demo money. LOL !!!

Good to see you've finally embraced the humorous side as well.
If you believe in yourself anything is possible !!
  • #1,846
  • Feb 2, 2024 2:54am Feb 2, 2024 2:54am
Are you a best scalper?

Scalpers are skilled at making quick profits but struggle to cut their losses early. It's like they're holding on to losses as if they were old souvenirs from a not-so-great vacation.
If you believe in yourself anything is possible !!
  • #1,847
  • Feb 2, 2024 3:10am Feb 2, 2024 3:10am
Quoting Inthebox
don't miss this if there's a confirmation {image}
due to the downward sloping line and m15 eg buy,
one can put entries to BE or partial profit the rest BE.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,848
  • Feb 2, 2024 3:39am Feb 2, 2024 3:39am
Quoting AlfieSolomon
{quote} I paid for his mentorship and he ran away with money, he said bird land is my associate, and I saw you in his discord group as well
what???!!! he's completely nuts. i have nothing to do with this guy. in discourd many from here have been there.

i'll delete him from the subscription list right away.

but good thing you told me, i'll report it here, because that's reputational damage.

but what's worse is that he apparently owes you money. you should report it here too, twee i think is the admin.
trading is like dancing, don't think and just listen to the music!
  • #1,849
  • Feb 2, 2024 4:05am Feb 2, 2024 4:05am
Quoting Inthebox
{quote} h4 has not closed yet. {image}
h4 closed above engulf.
h1 opposing engulfs at work.
not worth looking at it anymore.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,850
  • Feb 2, 2024 6:15am Feb 2, 2024 6:15am
Quoting birdland
{quote} what???!!! he's completely nuts. i have nothing to do with this guy. in discourd many from here have been there. i'll delete him from the subscription list right away. but good thing you told me, i'll report it here, because that's reputational damage. but what's worse is that he apparently owes you money. you should report it here too, twee i think is the admin.
He hasn't replied i have made several complaints to twee about the including matter but he hasn't reply to me yet
  • #1,851
  • Feb 2, 2024 6:54am Feb 2, 2024 6:54am
Lets see if I eat Crayfish or fish this weekend
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  • #1,852
  • Feb 2, 2024 7:04am Feb 2, 2024 7:04am
dax trade
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  • #1,853
  • Feb 2, 2024 7:05am Feb 2, 2024 7:05am
Quoting JohanMarais
Lets see if I eat Crayfish or fish this weekend {image}
Don't we have to wait 30 minutes time frame for the retest?
  • #1,854
  • Feb 2, 2024 7:09am Feb 2, 2024 7:09am
Quoting AlfieSolomon
{quote}hey bro you were good friend with mysterio he scammed me can you tell where he is now a days
https://www.forexfactory.com/footprint new name same guy
The scent of a rose will always stay on the hand of the giver.
  • #1,855
  • Feb 2, 2024 7:36am Feb 2, 2024 7:36am
Quoting Inthebox
{quote} the m30 eg buy is invalidated when a candle closed below the engulf. there is one more eg buy which you can monitor for retest. {image}
What would be the correct approach with regard to an entry upon a retest? (We have to wait for confirmation that the retest will not break the zone to invalid the setup.

Do we take the entry when the retest reverse and break out of the zone?
  • #1,856
  • Feb 2, 2024 8:11am Feb 2, 2024 8:11am
Quoting VanKenobi
{quote} https://www.forexfactory.com/footprint new name same guy
Yes that is correct, but I sometimes with red news events expect V shape, if I am sure of my direction, This is just a retracement trade as my bias for the month on gold is sell, I already profited from that big sell candle.
  • #1,857
  • Feb 2, 2024 8:38am Feb 2, 2024 8:38am
Quoting TranceGhost
{quote} What would be the correct approach with regard to an entry upon a retest? (We have to wait for confirmation that the retest will not break the zone to invalid the setup. Do we take the entry when the retest reverse and break out of the zone?
can you show with a chart to be specific.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,858
  • Feb 2, 2024 8:58am Feb 2, 2024 8:58am
Quoting JohanMarais
{quote} Yes that is correct, but I sometimes with red news events expect V shape, if I am sure of my direction, This is just a retracement trade as my bias for the month on gold is sell, I already profited from that big sell candle.
Sorry, I see now I have actually posted the wrong chart, this is the one I am referring to.
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  • #1,859
  • Feb 2, 2024 10:52am Feb 2, 2024 10:52am
Quoting Inthebox
{quote} can you show with a chart to be specific.
I was refering to the picture you used in the post.

I assume that you don't do an entry upon the retest of the zone, because you have to wait for the zone to be validated.

In your example the first retest breakes the zone and invalidates the zone. The next zone will then be retestet - but when do we enter?

Is it upon an bullish impuls move or upon a bullish candle close above the zone?
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  • #1,860
  • Feb 2, 2024 11:43am Feb 2, 2024 11:43am
Quoting TranceGhost
{quote} I was refering to the picture you used in the post. I assume that you don't do an entry upon the retest of the zone, because you have to wait for the zone to be validated. In your example the first retest breakes the zone and invalidates the zone. The next zone will then be retestet - but when do we enter? Is it upon an bullish impuls move or upon a bullish candle close above the zone? {image}
when price retest the engulf, entry when price is above the top of the box.
it can be during the move up or upon candle close. my preference is candle close.

if you find that the SL is too big for you, switch 1 or 2 time frame lower and do the same thing for entry on the smaller engulf box.
if you still find that the SL is too big, switch 1 or 2 time frame lower (ie. until you are satisfied with the SL) and do the same thing for entry.

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ITB - Seeing Orderliness amongst 'Randomness'
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