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MTF Engulf / Engulf fail

  • #2,501
  • Mar 25, 2024 2:09am Mar 25, 2024 2:09am
Quoting Inthebox
{quote} gold update {image}
gold TP
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,502
  • Mar 25, 2024 2:20am Mar 25, 2024 2:20am
Yen is too weak to put up a fight.
Success = Practice + Patience + Persistence
  • #2,503
  • Mar 25, 2024 2:40am Mar 25, 2024 2:40am
Quoting fxpider
Yen is too weak to put up a fight.
monitor jpy strength against gbp
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,504
  • Mar 25, 2024 4:45am Mar 25, 2024 4:45am
Quoting Inthebox
{quote} dow update {image}
dow update
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,505
  • Mar 25, 2024 5:25am Mar 25, 2024 5:25am
Quoting Inthebox
{quote} dow update {image}
dow TP
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,506
  • Mar 25, 2024 5:43am Mar 25, 2024 5:43am
Quoting Inthebox
{quote} monitor jpy strength against gbp
gj
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,507
  • Mar 25, 2024 6:56am Mar 25, 2024 6:56am
Quoting Inthebox
{quote} gj {image}
see any matching move during new york session.
around fvg premium level.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,508
  • Mar 25, 2024 10:36pm Mar 25, 2024 10:36pm
Quoting Inthebox
{quote} see any matching move during new york session. around fvg premium level. {image}
gj update.
exit with small loss.
trade failed at h1 fvg means px going up tp the h1 order block / engulf.
short is on BE or exit now can more than cover the previous loss.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,509
  • Mar 25, 2024 11:06pm Mar 25, 2024 11:06pm
the following having inside d1 candle and probably more difficult to trade.
usdjpy, gold, gbpusd, gbpjpy.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,510
  • Mar 26, 2024 2:05am Mar 26, 2024 2:05am
dow.
yesterday candle closed below the previous day.
so there is expectation that px will be reaching for yesterday low.
h4 reversed to go up but to where? there is no bearish engulf candle.
i marked the double marubozu, within which one can see a bearish engulf candle in lower time frame.
px hit a h1 double marubozu, which one can go for a counter long up probably to h4 double marubozu.
from there one can look for a short.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,511
  • Mar 26, 2024 4:07am Mar 26, 2024 4:07am
dow update.
touched the h4 double maru.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,512
  • Mar 26, 2024 4:25am Mar 26, 2024 4:25am
i would like to talk about the expectation of a m5 entry move.
most traders would like to have their TP at the opposite h4 engulf.
however this kind of trend move happens probably 20% of the time.
80% of the time ranging.

a more down to earth expectation would be at the 1st or 2nd fractal sr away.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,513
  • Mar 26, 2024 4:40am Mar 26, 2024 4:40am
Quoting Inthebox
the following having inside d1 candle and probably more difficult to trade. usdjpy, gold, gbpusd, gbpjpy.
The inside day is probably the result of the uncertainty related to the expected possible BOJ intervention. The direction will be clearer afterward, I guess.
Success = Practice + Patience + Persistence
  • #2,514
  • Mar 26, 2024 4:41am Mar 26, 2024 4:41am
dow.
this is good. approaching a resistant around drop base drop for a sr flip.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,515
  • Mar 26, 2024 4:59am Mar 26, 2024 4:59am
Gold is approaching the 4h EG @ ATH. If it is the protected one, we might see a mid-week reversal by tomorrow's EOD.

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Success = Practice + Patience + Persistence
  • #2,516
  • Mar 26, 2024 7:38am Mar 26, 2024 7:38am
Quoting Inthebox
a more down to earth expectation would be at the 1st or 2nd fractal sr away. {image}
this quote need to be on page number #1 in bold and sized up fonts
each fractal down the way price losing it's steam and more likely to reverse.
also that is called by ICT traders liquidity sweep
profiting on actionable patterns
  • #2,517
  • Mar 26, 2024 7:53am Mar 26, 2024 7:53am
Quoting Inthebox
dow. this is good. approaching a resistant around drop base drop for a sr flip. {image}
now you can put all to BE, or take partial.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,518
  • Mar 26, 2024 8:28am Mar 26, 2024 8:28am
Quoting Inthebox
{quote} now you can put all to BE, or take partial. {image}
dow TP.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,519
  • Mar 26, 2024 8:33am Mar 26, 2024 8:33am
how can you missed it? the dow short.
did you not see it in h1?

https://www.forexfactory.com/thread/...0#post14747680

do you remember? LOL.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,520
  • Mar 26, 2024 10:15am Mar 26, 2024 10:15am
i am not trading.
seems that there's unfinished business below.
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ITB - Seeing Orderliness amongst 'Randomness'
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