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MTF Engulf / Engulf fail

  • #2,121
  • Feb 20, 2024 2:09am Feb 20, 2024 2:09am
Quoting Inthebox
asia session gold buy. homework. by using mtf h4 m30 m5 engulf, where would you have entered buy. {image}
Homework:
I see it in this way, guess m5 was the most tricky, full of EG, most of them filled with next candles, so cleanest was h4, but had to react fact.
M30 precise point was EF.
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The scent of a rose will always stay on the hand of the giver.
  • #2,122
  • Feb 20, 2024 2:29am Feb 20, 2024 2:29am
the m15 gave a clear signal
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  • #2,123
  • Feb 20, 2024 2:33am Feb 20, 2024 2:33am
Quoting VanKenobi
{quote} Homework: I see it in this way, guess m5 was the most tricky, full of EG, most of them filled with next candles, so cleanest was h4, but had to react fact. M30 precise point was EF. {image}
my view.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,124
  • Feb 20, 2024 2:42am Feb 20, 2024 2:42am
or was it earlier at the ef m15 ?
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  • #2,125
  • Feb 20, 2024 2:48am Feb 20, 2024 2:48am
Quoting huskyboy
the m15 gave a clear signal{image}
right. or simply m30.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,126
  • Feb 20, 2024 3:18am Feb 20, 2024 3:18am
Quoting Inthebox
{quote} right. or simply m30. {image}
i keep asking myself why you mark that blue rectangle as a eg m30?
  • #2,127
  • Feb 20, 2024 3:34am Feb 20, 2024 3:34am
Quoting huskyboy
{quote} i keep asking myself why you mark that blue rectangle as a eg m30?
the top one?
many has problem in seeing.
go back to post #1.
probably you have limited engulf to only 2 candles.
this engulf is one red, multiple blue.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,128
  • Feb 20, 2024 4:12am Feb 20, 2024 4:12am
Hello huskyboy, if you combine the 4 Blue Bullish candles into one, they form a Bullish EG. This is why ITB has marked that area with the Blue Rectangle.

Quoting huskyboy
{quote} i keep asking myself why you mark that blue rectangle as a eg m30?
  • #2,129
  • Feb 20, 2024 4:55am Feb 20, 2024 4:55am
Quoting huskyboy
{quote} i keep asking myself why you mark that blue rectangle as a eg m30?
it takes some eyetraining to see that. i had also my problems first, but after a few weeks this kind of eg goes into your blood, belive me;-)

and they are as important as normal 2 bars engulfing patterns
trading is like dancing, don't think and just listen to the music!
  • #2,130
  • Feb 20, 2024 5:19am Feb 20, 2024 5:19am
now try this.
why? remember the pattern i had previously introduced? nothing is for sure.
what will you be looking for?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,131
  • Feb 20, 2024 5:39am Feb 20, 2024 5:39am
we are going to have this later during new york session. still can affect usd.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,132
  • Feb 20, 2024 6:04am Feb 20, 2024 6:04am
Quoting Inthebox
now try this. why? remember the pattern i had previously introduced? nothing is for sure. what will you be looking for? {image}
Can it be this way?
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The scent of a rose will always stay on the hand of the giver.
  • #2,133
  • Feb 20, 2024 6:15am Feb 20, 2024 6:15am
Quoting VanKenobi
{quote} Can it be this way? {image}
will say just before news.
don't have to mark so many.
just 2 or 3 will do. because we only focus on current market price. the rests are too far away.
show your lower time frames entries.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,134
  • Feb 20, 2024 6:38am Feb 20, 2024 6:38am
Right?
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Never stop learning. Improvise, adapt, overcome.
  • #2,135
  • Edited 6:52am Feb 20, 2024 6:40am | Edited 6:52am
sell only when price below support in accordance with news and htf direction.
otherwise no trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,136
  • Feb 20, 2024 6:58am Feb 20, 2024 6:58am
Everyone watching gold......

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Success = Practice + Patience + Persistence
  • #2,137
  • Feb 20, 2024 7:09am Feb 20, 2024 7:09am
Quoting fxpider
Everyone watching gold...... {image}
hope only just watching. no itching hand on computer mouse.
gold is worst than the "beast" if you are wrong.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,138
  • Feb 20, 2024 7:20am Feb 20, 2024 7:20am
thanks Birdland, Danku and ITB.

so is that also an eg h4?
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  • #2,139
  • Feb 20, 2024 7:24am Feb 20, 2024 7:24am
Quoting huskyboy
thanks Birdland, Danku and ITB. so is that also an eg h4?{image}
yes.
i had drawn.
look at only 2 of them. the others are just distractions.
you can draw the rest after the news.
https://www.forexfactory.com/thread/...6#post14762536
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,140
  • Feb 20, 2024 7:29am Feb 20, 2024 7:29am
Quoting Inthebox
{quote} yes. i had drawn. look at only 2 of them. the others are just distractions. https://www.forexfactory.com/thread/...6#post14762536
clear, saw it but just wondering cause the following bull bars took out the bear one, thx
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