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MTF Engulf / Engulf fail

  • #2,441
  • Mar 19, 2024 2:08am Mar 19, 2024 2:08am
Quoting Inthebox
{quote} the only mechanical way is not to force trade and having the discipline to follow the rules. {image}
"the rule prevented buying" you actually mean the rule of trading only during time there is volume in the market?
profiting on actionable patterns
  • #2,442
  • Mar 19, 2024 2:14am Mar 19, 2024 2:14am
Quoting poap
{quote} "the rule prevented buying" you actually mean the rule of trading only during time there is volume in the market?
I guess, it was inside the eg sell zone.
Success = Practice + Patience + Persistence
  • #2,443
  • Mar 19, 2024 2:25am Mar 19, 2024 2:25am
Quoting fxpider
{quote} I guess, it was inside the eg sell zone.
market came from h4 beeg, and was in 4h beef(potential bullish),
I haven't seen any 30m beef(even 5m beef) to go long there
profiting on actionable patterns
  • #2,444
  • Mar 19, 2024 2:29am Mar 19, 2024 2:29am
spotted GJ setup after major news after London open
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profiting on actionable patterns
  • #2,445
  • Mar 19, 2024 5:24am Mar 19, 2024 5:24am
Hey ITB
A question about a chart u posted earlier
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my 4hr res line in blue urs in green why did u put urs there? now to answer my own question is it bcause cmp was closer to ur level?
Also do u draw ur levels only from 4hr tf or do u draw in ltf (1hr) levels also?
Do u draw in previous W,D high & lows?
And finally been watching some vids u posted on older threads great stuff man ty
CL76
  • #2,446
  • Mar 19, 2024 6:27am Mar 19, 2024 6:27am
Quoting craigl76
Hey ITB A question about a chart u posted earlier{image} my 4hr res line in blue urs in green why did u put urs there? now to answer my own question is it bcause cmp was closer to ur level? Also do u draw ur levels only from 4hr tf or do u draw in ltf (1hr) levels also? Do u draw in previous W,D high & lows? And finally been watching some vids u posted on older threads great stuff man ty CL76
this was from islandfx's thread.
https://www.forexfactory.com/thread/...5#post14799145

over there we trade break of structure.
one in htf, one in lower entry time frame.
i do take note of W, D, sessions high low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,447
  • Mar 19, 2024 6:40am Mar 19, 2024 6:40am
Quoting Inthebox
{quote} this was from islandfx's thread. https://www.forexfactory.com/thread/...5#post14799145 over there we trade break of structure. one in htf, one in lower entry time frame. i do take note of W, D, sessions high low. {image} {image}
Hi ITB
yeah i follow that thread too,ty for the reply was i right about the difference between the green & blue resistance line?
  • #2,448
  • Edited 6:59am Mar 19, 2024 6:48am | Edited 6:59am
Quoting craigl76
{quote} Hi ITB yeah i follow that thread too,ty for the reply was i right about the difference between the green & blue resistance line?
you can take the blue line as resistant and the green one as break of structure.

another example.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,449
  • Mar 19, 2024 7:02am Mar 19, 2024 7:02am
Hi ITB
ok got it ty,and ty for your patience,i know u have mentioned that more than once lol cheers
CL76
  • #2,450
  • Mar 19, 2024 8:47am Mar 19, 2024 8:47am
what is happening here.
dow and nasdaq, each has a mind of its own after nyse open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,451
  • Mar 19, 2024 8:53am Mar 19, 2024 8:53am
dow is the odd one out.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,452
  • Mar 19, 2024 8:54am Mar 19, 2024 8:54am
Quoting Inthebox
what is happening here. dow and nasdaq, each has a mind of its own after nyse open. {image}
Majority is right ? 100 vs 30 stocks.
I might be wrong , I have been wrong before
  • #2,453
  • Mar 19, 2024 9:03am Mar 19, 2024 9:03am
Quoting Mandariin
{quote} Majority is right ? 100 vs 30 stocks.
i rather look at gold
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,454
  • Mar 19, 2024 9:40am Mar 19, 2024 9:40am
anyone having experience with Saxo.
their gold spread is 1.3 pips for classic i think. this is very attractive.
but can only use their trading platform.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,455
  • Mar 19, 2024 9:55am Mar 19, 2024 9:55am
This is what I saw for us30 today. Missed a nice entry. If I missed anything please let me know
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The only thing better than a crawfish dinner...is 2 crawfish dinners
  • #2,456
  • Mar 19, 2024 10:11am Mar 19, 2024 10:11am
Quoting The.Bandit
This is what I saw for us30 today. Missed a nice entry. If I missed anything please let me know {image} {image} {image}
correct.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,457
  • Mar 19, 2024 5:19pm Mar 19, 2024 5:19pm
Quoting Inthebox
{quote} correct.
Thanks.
I think I am getting better at it. Just need the confidence to pull the trigger on the entry.

What does everyone use for the entry? m30?m15?
do you also use both EF + EG?

everyone trades differently so I am curious what has worked the best
The only thing better than a crawfish dinner...is 2 crawfish dinners
  • #2,458
  • Mar 19, 2024 11:15pm Mar 19, 2024 11:15pm
Quoting The.Bandit
{quote} Thanks. I think I am getting better at it. Just need the confidence to pull the trigger on the entry. What does everyone use for the entry? m30?m15? do you also use both EF + EG? everyone trades differently so I am curious what has worked the best
for me depending on situations.
h1 m30 - slow and ranging
m30 m15 (maybe m5) - normal
m5 m1 - fast moving using both ef and eg (for red news probably there won't be any pullback, so can only use one of them)
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,459
  • Mar 19, 2024 11:52pm Mar 19, 2024 11:52pm
Quoting The.Bandit
{quote} Thanks. I think I am getting better at it. Just need the confidence to pull the trigger on the entry. What does everyone use for the entry? m30?m15? do you also use both EF + EG? everyone trades differently so I am curious what has worked the best
You have nailed the concept.
Entry TF should align with the individual's skillset, psychology, and risk appetite.
I mainly use m15 and H1 for entry. Any TF below 15m is too fast for me.
Success = Practice + Patience + Persistence
  • #2,460
  • Edited 12:19am Mar 20, 2024 12:06am | Edited 12:19am
usd index had a positive day yesterday and encountering the w1 d1 bearish eg.
notice that us indices had been moving in the same direction as usd for the past 2 days.
and usdjpy gbpusd moving quite closely in same direction.
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ITB - Seeing Orderliness amongst 'Randomness'
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