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MTF Engulf / Engulf fail

  • #2,681
  • May 2, 2024 10:36pm May 2, 2024 10:36pm
Quoting LeongPuiy
{quote} how about nasdaq monthly closed Bearish EG, weekly seem targeting down bullish EG, Daily sit at Premium 50% lvl {image} {image}
now inside bar of w1 down candle.
at premium with d1 bearish engulf.
watch the action around asia high and 01may high resistant.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,682
  • May 3, 2024 12:15am May 3, 2024 12:15am
Quoting Inthebox
gold taken out unemployment claim news high. observe the discount zone with bullish engulf. but bedtime for me soon. {image}
gold result.
not reaching discount but bounced off engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,683
  • May 3, 2024 2:15am May 3, 2024 2:15am
Quoting Inthebox
{quote} there was a h1 eg within h4 eg. the m5 move up that broke ef resistant was a strong candle, bigger than any surrounding ones. {image}
Thank you! That means we are using older H1 EG that is within H4 EG? But then again isnt jumping from H1 to M5 a little to high risk?

How about using the old M30 EG within H4 EG instead? When would it not be acceptable to use the older zones within a higher timeframe?

Are we also allowed to buy from the H1 EG that was left behind from yesterday? Using 3 tf that would be D-H4-H1
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  • #2,684
  • Edited 5:41am May 3, 2024 5:31am | Edited 5:41am
Quoting direction
{quote} Thank you! That means we are using older H1 EG that is within H4 EG? But then again isnt jumping from H1 to M5 a little to high risk? How about using the old M30 EG within H4 EG instead? When would it not be acceptable to use the older zones within a higher timeframe? Are we also allowed to buy from the H1 EG that was left behind from yesterday? Using 3 tf that would be D-H4-H1 {image}
you can use how many time frames also can, but minimum 2 with the lowest htf as h4.
you can use order engulfs but the more current ones are better because there can be no set up and therefore prevent from losing trade.
i mentioned earlier today.
in short keep on looking for the right market open time and filtered level.
it is all about the alignment of lower entry time frame with the multi htf engulf direction.

i draw htf mapping. w1 low, d1 h4 bullish engulf. these tell me i have to long only.
now what about time? it was the new york stock exchange open. the price gathered at the filtered levels.
for the experts, they can go straight to m1 for entries because above said i already have the right market open time and 3 htf filtered levels.

but more than 95% here are not experts.
so we need more filters in the ltf.
we have the m30 bullish engulf for entry.
or the m5 bullish eg and ef, shown in previous post.
even the m1.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,685
  • May 3, 2024 6:20am May 3, 2024 6:20am
Quoting direction
{quote} Are we also allowed to buy from the H1 EG that was left behind from yesterday? Using 3 tf that would be D-H4-H1 {image}
remember the right market time and right level.
price coming down to the h1 eg that you had drawn.
filter your current lower time frames.
if the time has arrived but price does not reach your level,
you have to regroup what other levels that you have missed out.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,686
  • May 3, 2024 6:51am May 3, 2024 6:51am
Quoting Inthebox
{quote} you can use how many time frames also can, but minimum 2 with the lowest htf as h4. you can use order engulfs but the more current ones are better because there can be no set up and therefore prevent from losing trade. i mentioned earlier today. in short keep on looking for the right market open time and filtered level. it is all about the alignment of lower entry time frame with the multi htf engulf direction. i draw htf mapping. w1 low, d1 h4 bullish engulf. these tell me i have to long only. now what about time? it was the new york stock...
Thank you! That is very helpful, now time for backtesting
  • #2,687
  • May 3, 2024 11:10am May 3, 2024 11:10am
Quoting Inthebox
{quote} remember the right market time and right level. price coming down to the h1 eg that you had drawn. filter your current lower time frames. if the time has arrived but price does not reach your level, you have to regroup what other levels that you have missed out. {image}
gold after US news had settled down.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,688
  • May 6, 2024 3:52am May 6, 2024 3:52am
gold.
how does your htf mapping looks like?
where is price gravitating to?
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,689
  • May 6, 2024 4:22am May 6, 2024 4:22am
There is a gap at big tf.
and Weekly closed below last bull candle so i am bearish bias.
daily ranging between BEG and BEEG zone.
CMP at 4H BEEG area, sweep last daily candle BSL.
but current 30m / 1H hvnt form EG candle for stronger short set up.
correct me if i wrong or be kind to share some other view
for me, gold targeting at least gap area, further is weekly BEG candle.
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PA
  • #2,690
  • May 6, 2024 4:31am May 6, 2024 4:31am
Quoting Inthebox
gold. how does your htf mapping looks like? where is price gravitating to?
last weekly close reacted on the weekly FVG. At the same time, the daily FVG could also attract the price upside. I am sitting on my hand now and waiting to see the PA on either edge of the BOX.

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Success = Practice + Patience + Persistence
  • #2,691
  • May 6, 2024 4:59am May 6, 2024 4:59am
Quoting Inthebox
gold. how does your htf mapping looks like? where is price gravitating to?
my mapping.
what was gold doing when frankfurt and london open?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,692
  • May 6, 2024 5:11am May 6, 2024 5:11am
Quoting Inthebox
{quote} my mapping. what was gold doing when frankfurt and london open? {image}
i mean the last second bull candle,
it doesn’t count?
PA
  • #2,693
  • May 6, 2024 5:17am May 6, 2024 5:17am
Quoting LeongPuiy
{quote} i mean the last second bull candle, it doesn’t count?
from the h1 you can see that candle bounced up from engulf during frankfurt open.
london open is the opportunity to long.
price took the asia high, then 3may high, what's next? 2nd and 1st may high?
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,694
  • May 6, 2024 5:30am May 6, 2024 5:30am
Quoting LeongPuiy
There is a gap at big tf. and Weekly closed below last bull candle so i am bearish bias. daily ranging between BEG and BEEG zone. CMP at 4H BEEG area, sweep last daily candle BSL. but current 30m / 1H hvnt form EG candle for stronger short set up. correct me if i wrong or be kind to share some other view for me, gold targeting at least gap area, further is weekly BEG candle. {image} {image}
for me i intraday trading, so i am not looking so far away.
when frankfurt london open, i look at current market price, and i measure within 50 - 100 pips where price is heading towards first.
i reckon price is going towards the highs to take them out first before dropping.

price always go towards dol or fvg.
now bounce up from fvg, where do you think it is heading to?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,695
  • May 6, 2024 5:53am May 6, 2024 5:53am
Quoting Inthebox
{quote} for me i intraday trading, so i am not looking so far away. when frankfurt london open, i look at current market price, and i measure within 50 - 100 pips where price is heading towards first. i reckon price is going towards the highs to take them out first before dropping. price always go towards dol or fvg. now bounce up from fvg, where do you think it is heading to? {image}
ok noted.
cause i only can trade one session which is NY session.
so i try to build a direction bias first and looking for opportunity to enter at Night ( MY and SG time)
PA
  • #2,696
  • May 6, 2024 7:47am May 6, 2024 7:47am
Quoting Inthebox
{quote} for me i intraday trading, so i am not looking so far away. when frankfurt london open, i look at current market price, and i measure within 50 - 100 pips where price is heading towards first. i reckon price is going towards the highs to take them out first before dropping. price always go towards dol or fvg. now bounce up from fvg, where do you think it is heading to? {image}
done.
closed at 24 and 26.
no greed.
thanks bro
PA
  • #2,697
  • May 6, 2024 8:12am May 6, 2024 8:12am
Quoting Inthebox
{quote} for me i intraday trading, so i am not looking so far away. when frankfurt london open, i look at current market price, and i measure within 50 - 100 pips where price is heading towards first. i reckon price is going towards the highs to take them out first before dropping. price always go towards dol or fvg. now bounce up from fvg, where do you think it is heading to? {image}
Quoting Inthebox
{quote} from the h1 you can see that candle bounced up from engulf during frankfurt open. london open is the opportunity to long. price took the asia high, then 3may high, what's next? 2nd and 1st may high?
gold. london and new york sessions result.
took 1may liquidity and dropped.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,698
  • May 7, 2024 12:09am May 7, 2024 12:09am
gold htf mapping.
took the 1st may liquidity.
heading to where for the next 50-100 pips?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,699
  • May 7, 2024 1:22am May 7, 2024 1:22am
Quoting Inthebox
gold htf mapping. took the 1st may liquidity. heading to where for the next 50-100 pips? {image}
Might be heading to 4H Magnet.

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Success = Practice + Patience + Persistence
  • #2,700
  • May 7, 2024 2:27am May 7, 2024 2:27am
Quoting Inthebox
gold htf mapping. took the 1st may liquidity. heading to where for the next 50-100 pips? {image}
heading to dol and fvg within the 50-100 pips range.
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ITB - Seeing Orderliness amongst 'Randomness'
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