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MTF Engulf / Engulf fail

  • #2,801
  • May 15, 2024 3:37am May 15, 2024 3:37am
Quoting Judecharly
{quote} 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 {image}
OP's view on Engulf as per post #1

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An alternative theory of engulfing,
BUEG = close 1 > open 2 and high 1 > high 2
BEEG = close 1 < open 2 and low 1 < low 2
Success = Practice + Patience + Persistence
  • #2,802
  • May 15, 2024 3:37am May 15, 2024 3:37am
Quoting Judecharly
{quote} 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 {image}
some people call this the type 2 engulf.
because more than 1 red candle needed to close below the green candle.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,803
  • May 15, 2024 3:46am May 15, 2024 3:46am
Quoting Inthebox
{quote} some people call this the type 2 engulf. because more than 1 red candle needed to close below the green candle. {image}
Thanks, will let you know if I have other questions
  • #2,804
  • May 15, 2024 3:57am May 15, 2024 3:57am
Quoting Inthebox
{quote} when candle closed above engulf sell, becomes engulf fail buy. {image}
Saw this on Gold, do the engulf sells become engulf fail buy?
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  • #2,805
  • May 15, 2024 4:18am May 15, 2024 4:18am
Quoting Inthebox
my long trades for gold. {image}
gold. the previous days low drop.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,806
  • May 15, 2024 4:35am May 15, 2024 4:35am
Quoting Judecharly
{quote} Saw this on Gold, do the engulf sells become engulf fail buy? {image}
yes
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,807
  • May 15, 2024 5:36am May 15, 2024 5:36am
gold.
news trading 200 pips range.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,808
  • May 15, 2024 6:18am May 15, 2024 6:18am
Price has reached daily bearish engulfing zone 2378-88. Again price is trying to create wick. Now I will wait and see if we get any engulfing bullish or bearish candle. More I am getting the complete idea of this system , more I am loving it. Moreover Inthebox is very helpful. Thanks to Inthebox. Initially I was just using the idea of engulfing candles only for adding positions but now target is more clear for every move.
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Love for all; Hatred for none.
  • #2,809
  • May 15, 2024 6:43am May 15, 2024 6:43am
Relative equal high sit at 78
but it did took bsl at last week high,
now retrace to 15m fvg and 1h/30m eg
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  • #2,810
  • May 15, 2024 6:50am May 15, 2024 6:50am
Quoting LeongPuiy
Relative equal high sit at 78 but it did took bsl at last week high, now retrace to 15m fvg and 1h/30m eg
Please can you post the chart, it will help me in understanding the engulfing concept at lower timeframes? Thanks
Love for all; Hatred for none.
  • #2,811
  • May 15, 2024 7:19am May 15, 2024 7:19am
gold mtf engulfings.
why the drop and why the bounce.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,812
  • May 15, 2024 8:06am May 15, 2024 8:06am
Quoting Inthebox
gold mtf engulfings. why the drop and why the bounce. {image} {image}
Do you manually mark engulfing zones or use any indicator,
Love for all; Hatred for none.
  • #2,813
  • May 15, 2024 8:10am May 15, 2024 8:10am
Quoting aahmad29
{quote} Do you manually mark engulfing zones or use any indicator,
prefer everything manual with clean chart. not satisfied with indicator drawing not the way i wanted. furthermore it will be messy.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,814
  • May 15, 2024 8:12am May 15, 2024 8:12am
Quoting Inthebox
gold mtf engulfings. why the drop and why the bounce. {image} {image}
a 250 pips range run after the new york stock exchange open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,815
  • May 15, 2024 8:23am May 15, 2024 8:23am
us indices also doing very well.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,816
  • May 15, 2024 9:05am May 15, 2024 9:05am
a pullback for gold.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,817
  • May 15, 2024 9:09am May 15, 2024 9:09am
Quoting Inthebox
{quote} a 250 pips range run after the new york stock exchange open. {image}
I wanted to verify so I have question. On my daily chart there was bearish engulfing candle but now next two candles are almost near to prove that bearish engulfing candle is EF(engulfing fail). Is it true?

If yes then how you analyze this situation?

Sorry to keep posting questions.
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Love for all; Hatred for none.
  • #2,818
  • May 15, 2024 9:28am May 15, 2024 9:28am
Quoting aahmad29
{quote} I wanted to verify so I have question. On my daily chart there was bearish engulfing candle but now next two candles are almost near to prove that bearish engulfing candle is EF(engulfing fail). Is it true? If yes then how you analyze this situation? Sorry to keep posting questions. {image}
cannot make assumption.
today candle not closed yet.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,819
  • May 15, 2024 5:56pm May 15, 2024 5:56pm
Quoting fxpider
Potential target for GOLD? {image}
GOLD: TP hit. Now my bias is neutral---> bearish. I will sit on my hand until a clear setup is presented, aligning with my bias.

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Success = Practice + Patience + Persistence
  • #2,820
  • May 15, 2024 8:55pm May 15, 2024 8:55pm
gold.
we have 2 opposite zones near each other. take lesser pips profits.
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ITB - Seeing Orderliness amongst 'Randomness'
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