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MTF Engulf / Engulf fail

  • #2,261
  • Mar 5, 2024 9:35pm Mar 5, 2024 9:35pm
Quoting Inthebox
let's just observe for m1 proper qm to form. {image}
not a good time to trade.
the negative PMI continued to affect the drop.
there was a reaction bounce at the d1 eg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,262
  • Mar 5, 2024 9:38pm Mar 5, 2024 9:38pm
Quoting fxpider
{quote} Excellent! Please also show the schema using the same level for RBS entry and how to tell from the LTF that the level is not holding so it's time to fold and reverse.
sorry. me no understand what is RBS entry.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,263
  • Mar 5, 2024 9:41pm Mar 5, 2024 9:41pm
Quoting Inthebox
{quote} sorry. me no understand what is RBS entry.
I should say, the FLIP zone.
Success = Practice + Patience + Persistence
  • #2,264
  • Mar 5, 2024 10:02pm Mar 5, 2024 10:02pm
Quoting poap
Hey ITM, nice thread! I'm at a point in my trading career where I try to understand correct utilization of multi timeframes. Am I reading this right? NDX100 WEEKLY - currently we are all time highs in the weekly suggesting further move up if we don't get forming EP, DAILY - CMP Formed bearish engulfing which right into demand so this is a concern I have in mind in terms of longs H4 - CMP declined into the 4h demand as well, suggesting to look for confirmation in LTF M15/H1 - I see EF suggesting I can take longs from a retest of the EF or from the...
my view
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,265
  • Mar 5, 2024 10:16pm Mar 5, 2024 10:16pm
Quoting fxpider
{quote} I should say, the FLIP zone.
above one for SL.
below one for exit with profit.
or if you want to go the distance, protected by BE.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,266
  • Mar 6, 2024 2:22am Mar 6, 2024 2:22am
Quoting Inthebox
{quote} my view {image}
nice, if i'd be taking long I'vementioned. you're confirmation area for shorts would be my target and would look for confirmation there in order to involve in shorts.

Now I'm looking at the weekly chart suggesting price to go up while it could filter out any good risk:reward shorts I really consider use it for reference and not take any bias using such higher timeframe if I'm actually trading H1/15M
profiting on actionable patterns
  • #2,267
  • Mar 6, 2024 6:15am Mar 6, 2024 6:15am
Quoting poap
{quote} nice, if i'd be taking long I'vementioned. you're confirmation area for shorts would be my target and would look for confirmation there in order to involve in shorts. Now I'm looking at the weekly chart suggesting price to go up while it could filter out any good risk:reward shorts I really consider use it for reference and not take any bias using such higher timeframe if I'm actually trading H1/15M
so far the buy has no h1 indication to sell, though there was a small reaction at bearish ef.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,268
  • Mar 6, 2024 7:05am Mar 6, 2024 7:05am
gold did well too with a 50 fib retracement before the news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,269
  • Mar 6, 2024 12:00pm Mar 6, 2024 12:00pm
was this a good setup?

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  • #2,270
  • Mar 6, 2024 12:54pm Mar 6, 2024 12:54pm
Quoting Inthebox
{quote} so far the buy has no h1 indication to sell, though there was a small reaction at bearish ef. {image}
the H1 didn't suggest any sell confirmation, but the 30m give us sell confirmation which touched the 30m bullish EP and price started it's move back up.

also after that the rectangle zone was invalidated by a wick but formed another EP on 30m after touching the 4h bearish EP...
what can I say it was a very tricky NDX session.

I have a question regarding:
1. If after price touched bearish HTF EP and LTF confirmed with bearish EP but reached opposite HTF EP, does this invalidate the trade or you still take short when price touched the LTF bearish EP
2. does wick break a zone based on your rules or actual candle close on the HTF/LTF?
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profiting on actionable patterns
  • #2,271
  • Mar 6, 2024 12:57pm Mar 6, 2024 12:57pm
Quoting huskyboy
was this a good setup? {image}
it worked perfect, but it seems like you take a touch and unconfirmed trade which happened to work nicely.
I'm trying to avoid those kind of trades as they giving me mixed results.
profiting on actionable patterns
  • #2,272
  • Mar 6, 2024 9:49pm Mar 6, 2024 9:49pm
Quoting huskyboy
was this a good setup? {image}
it was good.
m30 beeg within h4 beeg. see my image next post below
however you can only see the entry set up in small time frame.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,273
  • Mar 6, 2024 9:53pm Mar 6, 2024 9:53pm
yesterday nasdaq sell
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,274
  • Mar 6, 2024 10:42pm Mar 6, 2024 10:42pm
Quoting poap
{quote} the H1 didn't suggest any sell confirmation, but the 30m give us sell confirmation which touched the 30m bullish EP and price started it's move back up. also after that the rectangle zone was invalidated by a wick but formed another EP on 30m after touching the 4h bearish EP... what can I say it was a very tricky NDX session. I have a question regarding: 1. If after price touched bearish HTF EP and LTF confirmed with bearish EP but reached opposite HTF EP, does this invalidate the trade or you still take short when price touched the LTF...
by the way, after the m30 signaled exit from the buy, there should not be any trade due to the up coming red news.

2. does wick break a zone based on your rules or actual candle close on the HTF/LTF?
candle close.
https://www.forexfactory.com/thread/...1#post14782761

1. If after price touched bearish HTF EP and LTF confirmed with bearish EP but reached opposite HTF EP, does this invalidate the trade or you still take short when price touched the LTF bearish EP

when htf beeg overlap bueg, or close to one each other, it means not a good thing to trade in this situation. so move on to other pairs.

if persists to trade, then sell when there's a matching htf ltf beeg.
one can exit the sell when px reaches htf bueg or when there is a retest of ltf bueg.

provide a chart if further clarification is needed.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,275
  • Mar 7, 2024 12:49am Mar 7, 2024 12:49am
life's happiest moment.
what a response!!!

https://www.tiktok.com/@aloya.hamid/...53947426540818
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,276
  • Mar 7, 2024 12:58am Mar 7, 2024 12:58am
Quoting Inthebox
life's happiest moment. what a response!!! https://www.tiktok.com/@aloya.hamid/...53947426540818
Congratulations!
Success = Practice + Patience + Persistence
  • #2,277
  • Mar 7, 2024 1:16am Mar 7, 2024 1:16am
Quoting fxpider
{quote} Congratulations!
i wished i was that young.
and do not have to work for anyone.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,278
  • Mar 7, 2024 1:24am Mar 7, 2024 1:24am
Quoting Inthebox
{quote} by the way, after the m30 signaled exit from the buy, there should not be any trade due to the up coming red news.
actually I didn't caught the rule for not trading during news events from the beginning of the thread, just the rule of trading at times where there is volume(market open)

can you refer me to the candle that signaled exit from buys? as the 30m beeg candle that closed occurred only after the adp-nfec
profiting on actionable patterns
  • #2,279
  • Mar 7, 2024 1:29am Mar 7, 2024 1:29am
Quoting Inthebox
{quote} i wished i was that young. and do not have to work for anyone.
It's ok. Everyone has to get old eventually.

The market, today is out of balance. It's like a runaway train, either its too high to long or too low to short.
Success = Practice + Patience + Persistence
  • #2,280
  • Mar 7, 2024 1:39am Mar 7, 2024 1:39am
never too young to enjoy too old a song.
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ITB - Seeing Orderliness amongst 'Randomness'
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