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MTF Engulf / Engulf fail

  • #2,781
  • May 14, 2024 8:51am May 14, 2024 8:51am
next 4h zone
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PA Return This Week: 2.7%
  • #2,782
  • May 14, 2024 9:39am May 14, 2024 9:39am
Quoting Inthebox
gold reacting to pre drawn price levels during asia session. confluence of 62 fib discount, h4 fvg, h1 engulf buy. support base formed. {image}
gold long TP or more than 50% TP.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,783
  • May 14, 2024 9:43am May 14, 2024 9:43am
Quoting aahmad29
{quote} How long is Powell speech normally ? I haven’t listen his speech. I just wait to see reaction of Gold prices and take position after one hour. I think it is better to stay away until his speech reaction cool down.
i only look at chart.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,784
  • May 14, 2024 9:05pm May 14, 2024 9:05pm
Waiting FF and LO session
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PA Return This Week: 2.7%
  • #2,785
  • May 14, 2024 9:13pm May 14, 2024 9:13pm
gold currently stalling at resistant.
if broken, a previous day high would be the target.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,786
  • May 14, 2024 11:23pm May 14, 2024 11:23pm
Will UJ turn today? 15m showing some bearish signs, however, the 1H base is still holding.

CMP@

  1. HTF POI (4H FVG)
  2. PWH already triggered.
  3. 1st two days of the week traded above the weekly open (potential AMD and midweek reversal).
  4. Red news during US session.

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Success = Practice + Patience + Persistence
  • #2,787
  • May 14, 2024 11:31pm May 14, 2024 11:31pm
uj gravitating toward liquidity around engulf buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,788
  • May 14, 2024 11:46pm May 14, 2024 11:46pm
Quoting Inthebox
uj gravitating toward liquidity around engulf buy {image}
Thanks that perspective was in my blind spot.

We can expect a bigger move, once that 4H base is broken.
Success = Practice + Patience + Persistence
  • #2,789
  • May 14, 2024 11:50pm May 14, 2024 11:50pm
Potential target for GOLD?

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Success = Practice + Patience + Persistence
  • #2,790
  • May 15, 2024 2:48am May 15, 2024 2:48am
Quoting LeongPuiy
Waiting FF and LO session {image}
did not reach
PA Return This Week: 2.7%
  • #2,791
  • May 15, 2024 3:32am May 15, 2024 3:32am
Quoting Inthebox
{quote} it does not matter what time frame one is using. the crux of the method is the htf mapping that one has drawn up in the beginning of the week before trading starts. https://www.forexfactory.com/thread/...7#post14864657 i had the trading range and the 3 levels to trade for this week drawn up. one engulf buy and 2 fvg.{image}
gold has reached 3 quarter of the weekly range retracement.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,792
  • May 15, 2024 3:48am May 15, 2024 3:48am
Quoting Inthebox
{quote} gold has reached 3 quarter of the weekly range retracement. {image}
IMO, it is heading to sweep the PWH.
Success = Practice + Patience + Persistence
  • #2,793
  • May 15, 2024 3:50am May 15, 2024 3:50am
my long trades for gold.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,794
  • May 15, 2024 3:56am May 15, 2024 3:56am
Quoting Inthebox
uj gravitating toward liquidity around engulf buy {image}
usdjpy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,795
  • May 15, 2024 4:25am May 15, 2024 4:25am
Quoting fxpider
Will UJ turn today? 15m showing some bearish signs, however, the 1H base is still holding. CMP@ HTF POI (4H FVG) PWH already triggered. 1st two days of the week traded above the weekly open (potential AMD and midweek reversal). Red news during US session. {image} {image}
IMO, the ship has turned. Possible PA for the rest of the week, eventually the target is PWL.

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Success = Practice + Patience + Persistence
  • #2,796
  • May 15, 2024 4:48am May 15, 2024 4:48am
Quoting Inthebox
{quote} usdjpy {image}
Hey Bro, good day

Does an inside bar qualify as an engulfing candle? Trying to understand the rectangle you drew
  • #2,797
  • May 15, 2024 4:56am May 15, 2024 4:56am
Quoting Judecharly
{quote} Hey Bro, good day Does an inside bar qualify as an engulfing candle? Trying to understand the rectangle you drew
post an image of what you mean.
engulf details can be found in post 1.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,798
  • May 15, 2024 5:20am May 15, 2024 5:20am
Quoting Inthebox
{quote} post an image of what you mean. engulf details can be found in post 1.
The one in a yellow box is an engulf right? Does the one in a blue box also qualify as an engulf?
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  • #2,799
  • May 15, 2024 5:22am May 15, 2024 5:22am
Quoting Inthebox
{quote} post an image of what you mean. engulf details can be found in post 1.
Also does this qualify as an engulf? Even tho the wick of the first candle went below the close of the second one? Still the yellow box
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  • #2,800
  • May 15, 2024 5:33am May 15, 2024 5:33am
Quoting Judecharly
{quote} The one in a yellow box is an engulf right? Does the one in a blue box also qualify as an engulf? {image}
when candle closed above engulf sell, becomes engulf fail buy.
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ITB - Seeing Orderliness amongst 'Randomness'
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