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MTF Engulf / Engulf fail

  • #2,821
  • May 15, 2024 11:19pm May 15, 2024 11:19pm
Quoting Inthebox
gold. we have 2 opposite zones near each other. take lesser pips profits. {image}
different broker so different 4H chart.
looking for counter trend trade but seem risky
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  • #2,822
  • May 15, 2024 11:28pm May 15, 2024 11:28pm
Quoting LeongPuiy
{quote} different broker so different 4H chart. looking for counter trend trade but seem risky {image} {image}
filtering to lessen risks by mtf engulfs, premium/discount zone, market opening, etc ......... the basic stuffs.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,823
  • May 16, 2024 12:11am May 16, 2024 12:11am
if one short before market open, it is considered aggressive trading vs conservative trading.
nothing wrong with that because you had decided to use lesser filters.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,824
  • May 16, 2024 2:18am May 16, 2024 2:18am
gold broke out of consolidation to swept liquidity and dropped to asia low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,825
  • May 16, 2024 5:04am May 16, 2024 5:04am
Quoting Inthebox
gold broke out of consolidation to swept liquidity and dropped to asia low. {image}
i didnt trade before market open.
just expect a retracement from gold.
next navigating toward 4H BEG ?
fvg and 50% 4H
  • #2,826
  • May 16, 2024 5:33am May 16, 2024 5:33am
FF and LO session
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  • #2,827
  • May 16, 2024 5:51am May 16, 2024 5:51am
Quoting LeongPuiy
FF and LO session {image}
probably to pwh or engulf buy.
https://www.forexfactory.com/thread/...1#post14869081
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,828
  • May 16, 2024 7:11am May 16, 2024 7:11am
Quoting Inthebox
{quote} probably to pwh or engulf buy. https://www.forexfactory.com/thread/...1#post14869081
Good day Bro, how do you decide which engulf to trade in a timeframe with several engulfs? Is it proximity to CMP? Or are there other factors to consider?
  • #2,829
  • May 16, 2024 7:25am May 16, 2024 7:25am
Quoting Judecharly
{quote} Good day Bro, how do you decide which engulf to trade in a timeframe with several engulfs? Is it proximity to CMP? Or are there other factors to consider?
you narrow down from w1, d1, h4, h1, entry time frames engulf. and see where is cmp.
giving emphasis to w1, d1 direction. the rests are just filtering works and waiting.
if the htf direction analysis is wrong, gold will bite you hard.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,830
  • May 16, 2024 8:02am May 16, 2024 8:02am
GOLD: Done for the day. Station to station.

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Success = Practice + Patience + Persistence
  • #2,831
  • May 16, 2024 8:08am May 16, 2024 8:08am
Quoting Inthebox
{quote} you narrow down from w1, d1, h4, h1, entry time frames engulf. and see where is cmp. giving emphasis to w1, d1 direction. the rests are just filtering works and waiting. if the htf direction analysis is wrong, gold will bite you hard.

What's the best way to draw an engulf? From the body or the wick
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  • #2,832
  • May 16, 2024 8:18am May 16, 2024 8:18am
Quoting Judecharly
{quote} What's the best way to draw an engulf? From the body or the wick {image} {image}
Dude, did you go through the 1st page of the thread? the post#1 at least?

Don't get me wrong, please put in some effort. All your questions (till now), have been answered already with clear, simple English and annotations.
Success = Practice + Patience + Persistence
  • #2,833
  • May 16, 2024 8:21am May 16, 2024 8:21am
Quoting LeongPuiy
{quote} different broker so different 4H chart. looking for counter trend trade but seem risky {image} {image}
I took that trade after rejection on downslope line third time and closed below 2388. There was wick generated on daily chart at 2396-98 area. I was short from 2385 and closed at 2375 because it was my H1 engulfing zone.
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Love for all; Hatred for none.
  • #2,834
  • May 16, 2024 8:24am May 16, 2024 8:24am
Quoting fxpider
{quote} Dude, did you go through the 1st page of the thread? the post#1 at least? Don't get me wrong, please put in some effort. All your questions (till now), have been answered already with clear, simple English and annotations.
Chill bro, I went through the whole thing... But there are inconsistencies in what shown the in thread and how he draws them in his own chat... Even the definition of engulf differs significantly which is why I asked my questions just to make sure...
Assuming stuff on here is might just lead to me blowing accounts, so this is me trying to clarify
  • #2,835
  • May 16, 2024 8:25am May 16, 2024 8:25am
Quoting Judecharly
{quote} What's the best way to draw an engulf? From the body or the wick {image} {image}
explained many times before. at the very least look at the images.
https://www.forexfactory.com/thread/...lf-engulf-fail
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,836
  • May 16, 2024 8:28am May 16, 2024 8:28am
Quoting Judecharly
{quote} Chill bro, I went through the whole thing... But there are inconsistencies in what shown the in thread and how he draws them in his own chat... Even the definition of engulf differs significantly which is why I asked my questions just to make sure... Assuming stuff on here is might just lead to me blowing accounts, so this is me trying to clarify
post 1 and this.
https://www.forexfactory.com/thread/...0#post14742860
present the concerned posts here.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,837
  • May 16, 2024 8:39am May 16, 2024 8:39am
the plan for today was presented in the early part of the day.
trading from eg sell to pwh or eg buy.
https://www.forexfactory.com/thread/...1#post14869081
https://www.forexfactory.com/thread/...8#post14869488

selling results for the day.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,838
  • May 16, 2024 8:42am May 16, 2024 8:42am
Quoting Judecharly
{quote} Chill bro, I went through the whole thing... But there are inconsistencies in what shown the in thread and how he draws them in his own chat... Even the definition of engulf differs significantly which is why I asked my questions just to make sure... Assuming stuff on here is might just lead to me blowing accounts, so this is me trying to clarify
This thread provides a solid framework and concepts you can emulate to fit your style, psychology, and risk tolerance. Nothing is absolute and will work 100% in trading and it's ever-evolving. One needs to try out what works for them through backtesting and screen time.

Anyway, EG just gives you a reference zone. If you like a wider zone include the wicks, else you can consider only the body if it is an S/R (use a line chart to find).

chill mode is on.
Success = Practice + Patience + Persistence
  • #2,839
  • May 16, 2024 8:57am May 16, 2024 8:57am
UJ: CMP@ POI. let's see how it reacts.

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Success = Practice + Patience + Persistence
  • #2,840
  • May 16, 2024 9:05am May 16, 2024 9:05am
https://www.forexfactory.com/thread/...1#post14869081
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ITB - Seeing Orderliness amongst 'Randomness'
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