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MTF Engulf / Engulf fail

  • #2,461
  • Mar 19, 2024 10:38pm Mar 19, 2024 10:38pm
GU: We have a RED news today.

  1. The 4H trend is down
  2. However, CMP @weekly FVG



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Success = Practice + Patience + Persistence
  • #2,462
  • Mar 19, 2024 10:38pm Mar 19, 2024 10:38pm
anyone caught this 100 pips move in asia session?
no return after the bullish ef,
one can exit when there is a bearish ef.
jpy was the weakest during this time.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,463
  • Mar 19, 2024 10:46pm Mar 19, 2024 10:46pm
Quoting Inthebox
anyone caught this 100 pips move in asia session? no return after the bullish ef, jpy was the weakest during this time. {image}
I'm scared to touch any JPY pair for this week. Interventions are awaiting from both sides.
Success = Practice + Patience + Persistence
  • #2,464
  • Mar 19, 2024 10:58pm Mar 19, 2024 10:58pm
Quoting fxpider
{quote} I'm scared to touch any JPY pair for this week. Interventions are awaiting from both sides.
they always want to poke uj 152 level to see japan central bank reaction.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,465
  • Mar 19, 2024 11:17pm Mar 19, 2024 11:17pm
Quoting Inthebox
{quote} they always want to poke uj 152 level to see japan central bank reaction.
To be precise, 151.93 according to my chart. 40 more pips to go and 1 more day until FOMC.
Even after the BOJ rate hike, YEN is still like toilet paper. After all, it's about 5.00% Vs 0.10%. Only an intervention can save the YEN.
Success = Practice + Patience + Persistence
  • #2,466
  • Mar 19, 2024 11:23pm Mar 19, 2024 11:23pm
Quoting fxpider
{quote} To be precise, 151.93 according to my chart. 40 more pips to go and 1 more day until FOMC. Even after the BOJ rate hike, YEN is still like toilet paper. After all, it's about 5.00% Vs 0.10%. Only an intervention can save the YEN.
FOMC in 12 hrs.
  • #2,467
  • Mar 19, 2024 11:29pm Mar 19, 2024 11:29pm
Quoting dantpm
{quote} FOMC in 10 hrs.
Yeah. It will be still tomorrow in my time zone.
Success = Practice + Patience + Persistence
  • #2,468
  • Mar 20, 2024 12:08am Mar 20, 2024 12:08am
Quoting fxpider
GU: We have a RED news today. The 4H trend is down However, CMP @weekly FVG {image}
I got my 2x and out. Now the market can do whatever.

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Success = Practice + Patience + Persistence
  • #2,469
  • Mar 20, 2024 1:48am Mar 20, 2024 1:48am
AU: cmp @ HTF (W, D, and H4) eg zone. However, if the LTF gives an entry opportunity, it will be against the trend and FOMC is in the background.


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Success = Practice + Patience + Persistence
  • #2,470
  • Mar 20, 2024 8:17pm Mar 20, 2024 8:17pm
It seem turning down
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PA Return Today: na
  • #2,471
  • Mar 21, 2024 5:12am Mar 21, 2024 5:12am
after doing some errors yesterday I come again fresh with new powers and found some interesting trades on GU
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profiting on actionable patterns
  • #2,472
  • Mar 21, 2024 5:38am Mar 21, 2024 5:38am
Quoting fxpider
{quote} 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.
I have only been learning the EG/EF system for about a month now. When it comes to marking up the zones I do not have an issue with that, its when to enter and following the rules. For example, waiting for a confirmation EF/EG in a HTF zone on the m30 or m15. Yesterday I did not use patience so there were no confirmations of the zones so I messed up a few trades. Every day I am getting better
The only thing better than a crawfish dinner...is 2 crawfish dinners
  • #2,473
  • Mar 21, 2024 8:39am Mar 21, 2024 8:39am
watching will there be a qm reversal.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,474
  • Mar 21, 2024 8:58am Mar 21, 2024 8:58am
Quoting Inthebox
watching will there be a qm reversal. {image}
QM into QM bigger TP
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  • #2,475
  • Mar 21, 2024 9:39am Mar 21, 2024 9:39am
Quoting Inthebox
watching will there be a qm reversal. {image}
so far it is a safeguard to keep from selling for those with itchy fingers.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,476
  • Mar 21, 2024 5:44pm Mar 21, 2024 5:44pm
Do I make valid setup?...

I already read again and again post#1.

What I understand

1. HTF (for me, H4), find eg zone near the CMP. (up, down side)
2. when price in H4 eg zone, go LTF (for me, M30)
3. LTF, find eg zone near the CMP.

I am just practicing draw zone.
But, I feel little ambiguous and don't know I did right.

If you advise for me, I'll be so appreciate. thanx!

in my pic, I cannot precise entry, and zone for M30. So, I zoom it for M15... still don't know
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  • #2,477
  • Mar 21, 2024 9:16pm Mar 21, 2024 9:16pm
Quoting hwkim25
Do I make valid setup?... I already read again and again post#1. What I understand 1. HTF (for me, H4), find eg zone near the CMP. (up, down side) 2. when price in H4 eg zone, go LTF (for me, M30) 3. LTF, find eg zone near the CMP. I am just practicing draw zone. But, I feel little ambiguous and don't know I did right. If you advise for me, I'll be so appreciate. thanx! in my pic, I cannot precise entry, and zone for M30. So, I zoom it for M15... still don't know {image} {image}
with limited data in your chart, it would be difficult to analyze.
the m15 egs are closing up, which means it could be going in consolidation.
i would even want to know what the h4 d1 is doing.
if in doubt, keep out.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,478
  • Mar 21, 2024 9:25pm Mar 21, 2024 9:25pm
Quoting Inthebox
{quote} so far it is a safeguard to keep from selling for those with itchy fingers. {image}
uj update
there will be ranging if there is a htf reversal.
so protect your trade when there is opportunity.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,479
  • Mar 21, 2024 11:24pm Mar 21, 2024 11:24pm
Quoting Inthebox
{quote} uj update there will be ranging if there is a htf reversal. so protect your trade when there is opportunity. {image}
uj update
if it does not reach previous ldn eg, could mean ranging continues until new york open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,480
  • Mar 21, 2024 11:40pm Mar 21, 2024 11:40pm
Quoting Inthebox
{quote} uj update if it does not reach previous ldn eg, could mean ranging continues until new york open. {image}
They are holding the floodgates tight to create frustration and confusion.
Success = Practice + Patience + Persistence
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