MTF Engulf / Engulf fail

Quoting Inthebox

Disliked

{quote} 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. {image} {image}

Ignored

Quoting Inthebox

Disliked

let's do a review on nasdaq during new york session. there was the news, how would you enter a buy then? {image}

Ignored

Quoting 19monza64

Disliked

{quote} Never stop to learn. Yesterday I learned a new think from TT Trader. IMBALANCE VOLUME when there is a gap. You can see this in D1 {image}

Ignored

Quoting Inthebox

Disliked

let's do a review on nasdaq during new york session. there was the news, how would you enter a buy then? {image}

Ignored

Quoting emmanuel7788

Disliked

{quote} @Inthebox I know many Singapore based traders and they trade DOW, NASDAQ and S&P500 during the US session. If you post your 10-minute charts, I can share a simple strategy how they would find an entry. {image} ...

Ignored

Quoting Inthebox

Disliked

{quote} looked very nice. the original idea came from ICT. would you honestly really really buy on a touch without confirmation?

Ignored

Quoting 19monza64

Disliked

{quote} TT Trader was a student of ICT If I had known the pattern I would have risked one position out of the three I have available. I'm not afraid to get an SL. Consider that I did more or less the same thing against the trend in Gold. I posted this picture yesterday. I stupidly made a mistake on the first entry, I thought I was in M5 but I was in M1. Second entry double bottom in EG H1 third entry EG M5 SL 30 pips. As of 01.30.2024 there was a lot of liquidity to consume. This is more or less the technical explanation but after many years you...

Ignored

Quoting VanKenobi

Disliked

{quote} https://www.forexfactory.com/footprint new name same guy

Ignored

Quoting Inthebox

Disliked

{quote} there are many newbies here and i always have them in mind that the learning in this thread can help them in their trading. it's just that i do not want them to get off on a wrong footing. and i do not want them to enter a trade without lower time frame ef/eg confirmation. breaking post 1 rules a few times here and a few times there will become a bad habit which they will find very hard to break later on and ultimately can ruin their trading career. hope that you can understand and do not post these type of trades in the future.

Ignored

Quoting Inthebox

Disliked

{quote} due to the downward sloping line and m15 eg buy, one can put entries to BE or partial profit the rest BE. {image} {image}

Ignored

Quoting Inthebox

Disliked

{quote} so there was a bounce up at the eg buy. i think there is a possibility that the drop will continue in the coming week. why do i say that? you can see it better on a h4 and h1 line chart. of course i may be wrong. {image} {image}

Ignored

Quoting melord

Disliked

Also big sells confirmation for GU with this weekly engulf within weekly engulf. {image} However next weekly zone is right there down below. How will we know if this zone will hold or give out. {image}

Ignored

Quoting Inthebox

Disliked

{quote} do not confirm using weekly time frame. it is a directional bias time frame not a confirmation time frame. the entry time frame when ef eg align with htf is the confirmation time frame. the entry time frame may not align with the directional time frame but with a htf frame. happens when counter trend or exiting a road block.

Ignored

Quoting melord

Disliked

{quote} Sir I thought melfx said it is low risk if we do it on the same time frame. Only reason we go lower is because we dont have to wait too long and we also want our stops smaller. But this is higher risk{image}

Ignored