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MTF Engulf / Engulf fail

  • #2,881
  • May 20, 2024 5:41am May 20, 2024 5:41am
Quoting Inthebox
coming week will be difficult and unpredictable. it is where market is undecided whether to go up or down, ie. consolidation. so it is good not to trade so much or just scalp. {image}
gold month high is definitely a level that will get noticed.
consolidation to test it.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,882
  • May 20, 2024 6:36am May 20, 2024 6:36am
Quoting Inthebox
{quote} gold. 50 pips scalp for each session. {image}
gold.
another 50 pips times two scalp during london session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,883
  • May 20, 2024 7:14am May 20, 2024 7:14am
Quoting aahmad29
If bearish engulfing candle H1 shows up then I will take short position with target of 2422 which is bullish engulfing zone 2416-22 in H1. {image}
Bearish engulfing candle closed at 2436 so took short position and hit the target 2422.
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Love for all; Hatred for none.
  • #2,884
  • May 20, 2024 7:18am May 20, 2024 7:18am
My next move to wait for engulfing candle in H1 engulfing zone. If bullish engulfing candle shows up then I will take target of 2440
Love for all; Hatred for none.
  • #2,885
  • May 20, 2024 8:09am May 20, 2024 8:09am
This may help for gold bull.
relative equal low ssl
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PA Return This Week: na
  • #2,886
  • May 20, 2024 9:15am May 20, 2024 9:15am
Quoting Inthebox
{quote} gold. another 50 pips times two scalp during london session. {image}
gold. new york session.
i have enough for today.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,887
  • May 20, 2024 10:42am May 20, 2024 10:42am
Scalping only.
Last trade was almost target but sudden drop,
close is better hold for reverse.
good night guys
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PA Return This Week: na
  • #2,888
  • May 20, 2024 12:08pm May 20, 2024 12:08pm
Quoting aahmad29
My next move to wait for engulfing candle in H1 engulfing zone. If bullish engulfing candle shows up then I will take target of 2440
Bullish engulfing candle in M15 closed at 2423 and Bearish M15 zone is at 2427 which was my target. Target hit. Two trades for today and both got hit TP.
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Love for all; Hatred for none.
  • #2,889
  • May 20, 2024 12:12pm May 20, 2024 12:12pm
Quoting Inthebox
{quote} gold. new york session. i have enough for today. {image}
Please I have request that I am taking trades and trying to post my plan before next trade; can you keep an eye on my charts and let me know if I am doing something wrong.

Thanks a lot. I am slowly getting used to smaller timeframes.
Love for all; Hatred for none.
  • #2,890
  • May 20, 2024 12:26pm May 20, 2024 12:26pm
Bullish engulfing candle is trying to show up. If candle close above 2430.78 then target is bearish engulfing zone in H1 at 2438.
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Love for all; Hatred for none.
  • #2,891
  • May 20, 2024 2:41pm May 20, 2024 2:41pm
Quoting aahmad29
Bullish engulfing candle is trying to show up. If candle close above 2430.78 then target is bearish engulfing zone in H1 at 2438. {image}
Opened long position at 2435.27 and closed at 2435.15 with small loss due to Doji candle at H1.
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Love for all; Hatred for none.
  • #2,892
  • May 20, 2024 5:03pm May 20, 2024 5:03pm
On my chart daily candle closed below the last high so it is not clear that upward breakout happened or not. I will just try to stay with H1 timeframe and will be looking for engulfing candles.
Love for all; Hatred for none.
  • #2,893
  • May 20, 2024 10:24pm May 20, 2024 10:24pm
gold failed to close above the month high.
target will be yesterday low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,894
  • May 20, 2024 11:14pm May 20, 2024 11:14pm
when asia open, there was a chance to sell.
using the h4-m30 mtf engulfing filtering for entry or even the h4-m30-m5 combo.
every time price pullback to eg, switch to a lower time frame.
if you are satisfied with the m30 SL range, then you can enter trade when closed below the m30 eg.
i am talking the asia open, not the end of NY session with low volume.
if you are not satisfied with the SL range, switch again to a lower time frame until you are comfortable with the SL range.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,895
  • May 20, 2024 11:19pm May 20, 2024 11:19pm
i repeat again for the umpteenth time, watch the video.
WATCH IT AT LEAST 3 TIMES.
it would have answered most of all questions.
https://www.forexfactory.com/thread/...4#post14869994
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,896
  • May 20, 2024 11:40pm May 20, 2024 11:40pm
gold a 300 pips drop from new york high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,897
  • May 20, 2024 11:58pm May 20, 2024 11:58pm
i am not available at my PC today.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,898
  • May 21, 2024 2:05am May 21, 2024 2:05am
Quoting LeongPuiy
This may help for gold bull. relative equal low ssl {image}
still aiming this , so bullish for gold
hopefully here hold
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PA Return This Week: na
  • #2,899
  • May 21, 2024 2:16am May 21, 2024 2:16am
H4 bearish engulfing short position is running from 2420.18 with target of 2405.
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Love for all; Hatred for none.
  • #2,900
  • May 21, 2024 2:40am May 21, 2024 2:40am
today premium reach,
any reverse is expected.
set last buy order stop loss breakeven.
scalp for 50 pips and let last for run.
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PA Return This Week: na
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