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MTF Engulf / Engulf fail

  • #2,601
  • Apr 18, 2024 6:33am Apr 18, 2024 6:33am
Quoting Inthebox
{quote} so far many pairs have been in the range these 2 days. dow h1 was not able to above fib 50 and volume gap. direction dol. {image}
nyse open m1 observation
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,602
  • Apr 18, 2024 7:08am Apr 18, 2024 7:08am
Quoting Inthebox
{quote} nyse open m1 observation {image}
waiting for displacement
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,603
  • Apr 18, 2024 8:01am Apr 18, 2024 8:01am
Quoting Inthebox
{quote} waiting for displacement {image}
waiting for m5 ef.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,604
  • Apr 18, 2024 8:56am Apr 18, 2024 8:56am
Quoting Inthebox
{quote} waiting for m5 ef. {image}
dow short.
depending on individuals, some can TP or partial TP and BE and hold till various support or london low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,605
  • Apr 18, 2024 9:36am Apr 18, 2024 9:36am
Quoting Inthebox
{quote} dow short. depending on individuals, some can TP or partial TP and BE and hold till various support or london low. {image}
dow TP due to bullish engulf or hold till ldn low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,606
  • Apr 18, 2024 10:14am Apr 18, 2024 10:14am
Quoting Inthebox
{quote} dow TP due to bullish engulf or hold till ldn low. {image} {image}
dow intra day london low target achieved.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,607
  • Apr 19, 2024 12:13am Apr 19, 2024 12:13am
AU EU at good zone to short them, lets see how PA unfolds

EU
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AU

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  • #2,608
  • Apr 19, 2024 12:58am Apr 19, 2024 12:58am
careful with EU because of a QM pattern (which is similar to ICT)
take small pips if shorting.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,609
  • Apr 19, 2024 2:16am Apr 19, 2024 2:16am
Quoting Inthebox
careful with EU because of a QM pattern (which is similar to ICT) take small pips if shorting. {image}
Thanks for the advice,Yeah Bigger picture I am with you, looks like bullish but U know I am just looking for high probability trades at certain places to scalp and get my 1% after m5 engulf (most of the time)

EU
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AU

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When I share a place that I am looking for, this is what I expect to jump in and get out, everything else for me is secondary at this point, price can now drop 100pips or fly 100pips, I am done already.
  • #2,610
  • Apr 19, 2024 2:23am Apr 19, 2024 2:23am
Based on that QM pattern that you have shared, it empower my trade actually(for scalps of course), I did not notice but it was in confluence, for me always 1st TP at QM is the breaking market structure previous point so based on your lines if I copy paralel line, then we got exactly there, where price reacted. (kind of similar as head and shoulder or ranges from Trader SZ)
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Dont really know if I have explained good my self Lol.
  • #2,611
  • Apr 19, 2024 5:20am Apr 19, 2024 5:20am
Quoting Inthebox
{quote} dow intra day london low target achieved. {image} {image}
what your view about nas or dow for now?
i was waiting to long at Ny but it seem leave me behind dy.
PA
  • #2,612
  • Apr 19, 2024 6:57am Apr 19, 2024 6:57am
Quoting LeongPuiy
{quote} what your view about nas or dow for now? i was waiting to long at Ny but it seem leave me behind dy.
many days you do not see any d1 candle close the high low.
ranging between d1 support and resistant.
ranging during london session until new york open there was engulf to long.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,613
  • Apr 19, 2024 7:36am Apr 19, 2024 7:36am
i now have a project outside of trading, so i will be here lesser, probably about one or two days a week.

i would recommend traders of this thread to draw up their own trading check list that suits you.
here is an example as a guide.

Higher Time Frame Level/Location:
Engulf, Engulf Fail, Double Maru, Support, Resistant, FVG, Week/Day Open Gap, etc
with 50% Fib Premium/Discount

Lower Time Frame Trade Entry Check List:
LTF with same confluences in line with HTF
Around market open look for HTF level/location
Liquidity Grab or Failure Swing
Market Structure Shift – Displacement
Engulf, FVG above/below 50% Fib of Displacement Range
Pullback to Engulf, FVG
TP or partial TP at support, resistant around 50% Fib from Entry to
Final TP as direction, which can be a Draw on Liquidity, High/Low, FVG, Engulf, etc

eurusd example guide
htf level location - above 50 fib premium we have double maru and fvg.
ltf trade entry - around frankfurt open price was at htf level locaton
there was a liquidity grab and market structure shift displacement
pullback to eugulf about 50 fib of displacement range
TP or partial TP at support around 50 fib from entry to final TP as direction
nb: entry with 3 confluences, as per example fvg, eg, ef around the zone can provide more confidence for the trade
if the confluences were invalidated, then probably it is going up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,614
  • Apr 21, 2024 8:10am Apr 21, 2024 8:10am
We continue with a eurusd friday review.

Use your own created HTF and LTF Check List and compare with mine.
you may also like to include fvg and ifvg.
This is the basic thing to do for trading.
Without it, you are like an amateur trader, like a headless chicken running around not know which direction to go.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,615
  • Apr 21, 2024 8:32am Apr 21, 2024 8:32am
We always have to remain humble and stay calm, pause to think. Or else the market will humble us..
Not getting excited with our heads swollen when we win and overly disappointed when we lose.

We all want short cut to trading success but not willing to put in the hard work and effort.
I have already done so in this thread by cutting half of the time for you.

THE TRUTH OF THE MATTER IS ....... (generally speaking, of course there are exceptions) .......
those with less than 2 years of trading experience are considered amateurs.
those with less than 5 years of trading experience (i know some that took 10 years) still not consistent in getting profits (70-80% of the time winning).
don't give up, practice, practice, practice. you do not know when that aha day will come.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,616
  • Apr 21, 2024 7:19pm Apr 21, 2024 7:19pm
Quoting Inthebox
i now have a project outside of trading, so i will be here lesser, probably about one or two days a week. i would recommend traders of this thread to draw up their own trading check list that suits you. here is an example as a guide..... {image}
All the best for your new project.

I am back after a week long break. The review post# 2614 should be in the playbook of every trader who like to trade the MTF EG/EF.
Success = Practice + Patience + Persistence
  • #2,617
  • Apr 21, 2024 8:42pm Apr 21, 2024 8:42pm
GOLD: PA is within a bigger box. Is another inside week awaiting?

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Success = Practice + Patience + Persistence
  • #2,618
  • Apr 21, 2024 10:35pm Apr 21, 2024 10:35pm
gold bullish but seems to slow down.
could not find any d1 bearish engulf to the left at current market price.
i see a bullish QM but also strong resistant above.
slightly favor short term bearish around orange box towards support to 17apr low range as direction.
just watch frankfurt and london open for price action pattern.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,619
  • Apr 21, 2024 11:00pm Apr 21, 2024 11:00pm
gold frankfurt open.
those who want to long wait for the beeg to turn buef.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,620
  • Apr 21, 2024 11:54pm Apr 21, 2024 11:54pm
we were prevented from taking long as gold went for 17apr low draw on liquidity during frankfurt open.
now watch london open. waiting to long. watch your own.
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ITB - Seeing Orderliness amongst 'Randomness'
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