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MTF Engulf / Engulf fail

  • #2,841
  • May 16, 2024 9:07am May 16, 2024 9:07am
Quoting Inthebox
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. {image}
Your entries are really nice one. I was more careful in strong uptrend and waited for the price to come back into my daily engulf zone to take trade. Thanks and keep sharing.
Love for all; Hatred for none.
  • #2,842
  • May 16, 2024 9:16am May 16, 2024 9:16am
Quoting fxpider
UJ: CMP@ POI. let's see how it reacts. {image}
my bigger picture view.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,843
  • May 16, 2024 9:39am May 16, 2024 9:39am
Quoting aahmad29
{quote} Your entries are really nice one. I was more careful in strong uptrend and waited for the price to come back into my daily engulf zone to take trade. Thanks and keep sharing.
even with h1 entry time frame it was a good one.
you were watching the d1 eg sell.
when price entered into the d1 eg sell, switch to h4 to find eg sell.
when price is within h4 eg sell, switch to h1 to find eg sell.
just wait for market open. in this case it was london open, candle closed below h1 eg sell for trade execution.

you have to learn to trust trading during market open and the h1 within h4 within d1 engulfs to execute the sell.
you will find that all these filtering will provide a high probability trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,844
  • May 16, 2024 10:06am May 16, 2024 10:06am
Quoting Inthebox
{quote} my bigger picture view. {image}
Highly probable that an LH has formed.

 

  1. TL break
  2. EG @ peak formation
  3. Reaction EG @ previous EG
  4. Reaction EG @ premium of the previous leg.

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Success = Practice + Patience + Persistence
  • #2,845
  • May 16, 2024 10:07am May 16, 2024 10:07am
Quoting Inthebox
{quote} even with h1 entry time frame it was a good one. you were watching the d1 eg sell. when price entered into the d1 eg sell, switch to h4 to find eg sell. when price is within h4 eg sell, switch to h1 to find eg sell. just wait for market open. in this case it was london open, candle closed below h1 eg sell for trade execution. you have to learn to trust trading during market open and the h1 within h4 within d1 engulfs to execute the sell. you will find that all these filtering will provide a high probability trade. {image}
That was nice summary of your system which explain how to execute the trade. Yes I am following it but sometimes distance is too close between H4 and Daily or H4 and H1 that I don’t wanna miss opportunity so I keep Daily timeframe as parent timeframe and H1 as secondary for trade execution if H4 is too close to daily.
Love for all; Hatred for none.
  • #2,846
  • May 16, 2024 10:08am May 16, 2024 10:08am
hope can clear the doubts on engulfing.
the most important thing is candle closing beyond the wicks.
there are different variations.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,847
  • May 16, 2024 10:24am May 16, 2024 10:24am
Quoting Inthebox
hope can clear the doubts on engulfing. the most important thing is candle closing beyond the wicks. there are different variations. {image} {image}
Thanks! This clears up a lot
  • #2,848
  • May 16, 2024 10:26am May 16, 2024 10:26am
Quoting aahmad29
{quote} That was nice summary of your system which explain how to execute the trade. Yes I am following it but sometimes distance is too close between H4 and Daily or H4 and H1 that I don’t wanna miss opportunity so I keep Daily timeframe as parent timeframe and H1 as secondary for trade execution if H4 is too close to daily.
no. it is not about h4 too close to d1 or h1 too close to h4.
it is best that all 3 time frames to be within each other, ie. h4 within d1, h1 within h4 and within d1.
you are only concern when opposite same time frame is near to each other, ie. d1 eg sell near d1 eg buy, h4 eg sell near h4 eg buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,849
  • May 16, 2024 10:55am May 16, 2024 10:55am
i have said all i have to say.
watch this video many many times.
https://www.forexfactory.com/thread/...1#post14733931
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,850
  • May 16, 2024 11:18pm May 16, 2024 11:18pm
gold.
if resistant is cleared, the target will be eg sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,851
  • May 17, 2024 12:52am May 17, 2024 12:52am
Quoting Inthebox
gold. if resistant is cleared, the target will be eg sell. {image}
I am waiting for H1 bullish candle to close above 2381.16 to make bullish engulfing and if there is enough room then I will take trade with target of 2388
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Love for all; Hatred for none.
  • #2,852
  • May 17, 2024 1:14am May 17, 2024 1:14am
Ytd NY session reach 4H discount level with 30m fvg,
early asian session 15m fvg.
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  • #2,853
  • May 17, 2024 1:34am May 17, 2024 1:34am
Quoting Inthebox
gold. if resistant is cleared, the target will be eg sell. {image}
gold trading plan mapped out early in the day from h1 eg buy to h1 eg sell.
trading mtf engulfing buy target reached.
asia session 100 pips range.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,854
  • May 17, 2024 1:44am May 17, 2024 1:44am
Quoting Inthebox
{quote} gold trading plan mapped out early in the day from h1 eg buy to h1 eg sell. trading mtf engulfing buy target reached. asia session 100 pips range. {image} {image}
Do you agree with my maping
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  • #2,855
  • May 17, 2024 1:50am May 17, 2024 1:50am
Quoting vnechev
{quote} Do you agree with my maping {image}
before i comment, how do you know that gold was going up during asia session?
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,856
  • May 17, 2024 1:55am May 17, 2024 1:55am
Quoting Inthebox
{quote} before i comment, how do you know that gold was going up during asia session?
rejected EMA 200
  • #2,857
  • May 17, 2024 2:01am May 17, 2024 2:01am
Quoting vnechev
{quote} rejected EMA 200
not using MA in this thread. what are other engulfing showing the direction?
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,858
  • May 17, 2024 2:03am May 17, 2024 2:03am
Quoting Inthebox
{quote} not using MA in this thread. what are other engulfing showing the direction?
yes oher engulfing showing direction and asia didnt make atempt to take prev day low
  • #2,859
  • May 17, 2024 2:12am May 17, 2024 2:12am
Quoting vnechev
{quote} yes oher engulfing showing direction and asia didnt make atempt to take prev day low
read post 1 rule 1 for trend direction. post a h4 (lowest of higher time frames) engulfs chart to show direction.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,860
  • May 17, 2024 3:09am May 17, 2024 3:09am
Waiting pullback.
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