MTF Engulf / Engulf fail | Page 149 | Forex Factory

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MTF Engulf / Engulf fail

  • #2,961
  • May 22, 2024 1:46pm May 22, 2024 1:46pm
H4 Bullish EG is in green colour. Pullback can happen. Scalping can be done during Asian session with M15, M5 and M1 timeframes.
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Love for all; Hatred for none.
  • #2,962
  • May 22, 2024 6:20pm May 22, 2024 6:20pm
Quoting Inthebox
look at this. how would you do the mtf engulf? would you be going for consistency trade? {image}
I am now trying to apply full concept which you posted in post 1. I will have more questions. Today I have question that daily bearish engulfing candle is made so now we have to wait for pull back to H4 bearish engulfing zone and then go to M30 and wait for entry for short position?

On my chart recent bearish engulfing zone is at 2408-14
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Love for all; Hatred for none.
  • #2,963
  • May 22, 2024 8:55pm May 22, 2024 8:55pm
Reached second fvg at daily.
has a loss at first attempt at first fvg.
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PA Return This Week: 39.2%
  • #2,964
  • May 22, 2024 9:32pm May 22, 2024 9:32pm
Quoting Inthebox
{quote} behind his drawing board. {image}
I have another question for AUDCAD. I am posting two charts D1 and H4. Bearish engulfing candle has been generated and H4 timeframe bullish candle is testing D1 engulfing zone. So now I have to go for M30 timeframe and look for short position upon bearish engulfing candle. Target will be H4 bullish engulfing zone which is most close one. Am I analyzing correctly?
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Love for all; Hatred for none.
  • #2,965
  • May 22, 2024 9:55pm May 22, 2024 9:55pm
Quoting aahmad29
{quote} I have another question for AUDCAD. I am posting two charts D1 and H4. Bearish engulfing candle has been generated and H4 timeframe bullish candle is testing D1 engulfing zone. So now I have to go for M30 timeframe and look for short position upon bearish engulfing candle. Target will be H4 bullish engulfing zone which is most close one. Am I analyzing correctly? {image} {image}
Bro, I can't see a BEEG in D1.

  1. In your chart, even though, the red candle closed below the blue candle's low, the red candle's body did not fully engulf the blue candle's body. Thus, it does not qualify as an engulfing candle.

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Success = Practice + Patience + Persistence
  • #2,966
  • May 22, 2024 10:00pm May 22, 2024 10:00pm
Quoting aahmad29
{quote} I am now trying to apply full concept which you posted in post 1. I will have more questions. Today I have question that daily bearish engulfing candle is made so now we have to wait for pull back to H4 bearish engulfing zone and then go to M30 and wait for entry for short position? On my chart recent bearish engulfing zone is at 2408-14 {image}
refer https://www.forexfactory.com/thread/...5#post14875915

why do you want to short the d1? current market price is at engulf buy.
you just move down 1 or 2 time frames to match the d1 direction, depending on where is the current market price.

price and candles are fractals.
if you just want to scalp for 30 pips, then start with the lowest higher time frame h4 near the current market price.
current market price is buy.
you see that there are opposite engulfs, do not trade inside the conflicting zone.

if you are doing the swing trade, then start with w1.
current market price is sell.

there are different types of traders. investor, swing trader, intra-day trader, scalper.
a scalper cannot consult with a swing trader.
so you have to be very sure what type of trader you are and which time frames to look at.
if you are not sure, then there will always be conflicting views due to the different time frames you look at.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,967
  • May 22, 2024 10:14pm May 22, 2024 10:14pm
Quoting aahmad29
{quote} I have another question for AUDCAD. I am posting two charts D1 and H4. Bearish engulfing candle has been generated and H4 timeframe bullish candle is testing D1 engulfing zone. So now I have to go for M30 timeframe and look for short position upon bearish engulfing candle. Target will be H4 bullish engulfing zone which is most close one. Am I analyzing correctly? {image} {image}
tell me, what type of trader you classify yourself as. start with the appropriate highest time frame.
then we can go on from there by going down 1 or 2 time frames.
if you are a scalper, h4 need not be your target. it could be too far away.
any time frames with opposite engulfs that provide you with around 30 pips will do.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,968
  • May 22, 2024 10:39pm May 22, 2024 10:39pm
let's scalp gold for 30-50 pips.
long when m5 eg sell becomes ef buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,969
  • May 22, 2024 10:55pm May 22, 2024 10:55pm
Quoting Inthebox
{quote} tell me, what type of trader you classify yourself as. start with the appropriate highest time frame. then we can go on from there by going down 1 or 2 time frames. if you are a scalper, h4 need not be your target. it could be too far away. any time frames with opposite engulfs that provide you with around 30 pips will do.
Thanks a lot. Yes it was blunder from me to miss the engulf buy zone. I will start to scalp. I saw that you are taking trade where you are taking trade where eg sell becomes ef buy and price is in buy zone in m30 chart. So for scalping i suppose to mark zone in m30 timeframe and take entry from m5 ?
Love for all; Hatred for none.
  • #2,970
  • May 22, 2024 11:10pm May 22, 2024 11:10pm
Quoting aahmad29
{quote} Thanks a lot. Yes it was blunder from me to miss the engulf buy zone. I will start to scalp. I saw that you are taking trade where you are taking trade where eg sell becomes ef buy and price is in buy zone in m30 chart. So for scalping i suppose to mark zone in m30 timeframe and take entry from m5 ?
so i take it that you are a scalper.
it is not fixed. can be h1 and m15.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,971
  • May 22, 2024 11:58pm May 22, 2024 11:58pm
Quoting aahmad29
{quote} I have another question for AUDCAD. I am posting two charts D1 and H4. Bearish engulfing candle has been generated and H4 timeframe bullish candle is testing D1 engulfing zone. So now I have to go for M30 timeframe and look for short position upon bearish engulfing candle. Target will be H4 bullish engulfing zone which is most close one. Am I analyzing correctly? {image} {image}
Salaam dear Ahmad, can you please guide me about it? I am new on this platform. Jazak Allah
  • #2,972
  • May 23, 2024 5:33am May 23, 2024 5:33am
Quoting Inthebox
let's scalp gold for 30-50 pips. long when m5 eg sell becomes ef buy. {image} {image}
gold long trades.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,973
  • May 23, 2024 5:34am May 23, 2024 5:34am
Quoting MAchoudhry
{quote} Salaam dear Ahmad, can you please guide me about it? I am new on this platform. Jazak Allah
I am also new to this method so you need to contact Inthebox for any question or suggestion.
Love for all; Hatred for none.
  • #2,974
  • May 23, 2024 5:35am May 23, 2024 5:35am
all questions concerning this thread will be answered here. no where else.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,975
  • May 23, 2024 5:44am May 23, 2024 5:44am
Quoting Inthebox
{quote} gold long trades. {image} {image}
Hello ITB

I can see you bought around 2358... Did you get confirmation for the buy from the 1m timeframe? Also noticed you bought close to a 5m engulf sell zone, is there a reason you believed that zone won't hold?
  • #2,976
  • May 23, 2024 5:50am May 23, 2024 5:50am
Quoting Inthebox
all questions concerning this thread will be answered here. no where else.
Where else have you been flocking around?
Success = Practice + Patience + Persistence
  • #2,977
  • May 23, 2024 5:51am May 23, 2024 5:51am
Quoting Inthebox
all questions concerning this thread will be answered here. no where else.
  • #2,978
  • May 23, 2024 6:04am May 23, 2024 6:04am
Quoting fxpider
{quote} Where else have you been flocking around?
some direct message me to mentor them or answer their questions.
i have to tell them ask any questions in the thread where others can also learn.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,979
  • May 23, 2024 6:13am May 23, 2024 6:13am
Quoting Judecharly
{quote} Hello ITB I can see you bought around 2358... Did you get confirmation for the buy from the 1m timeframe? Also noticed you bought close to a 5m engulf sell zone, is there a reason you believed that zone won't hold?
i look at every time frames.
i have come to trust the system that i have h4 eg buy, m30 eg buy, m5 eg buy during a market open session vs one m5 eg sell.
i have the backings behind me.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,980
  • May 23, 2024 6:32am May 23, 2024 6:32am
Hi there,

I made some discovery in this engulfing journey but i still have unanswered questions on how to piece everything together..

Example on Gold's CMP

Weekly - Bullish
Daily - Bullish until it closes at this price
H4 - Bearish
H1 - Bearish
M15 - Bullish

My direction is based off the latest EF

I feel like i am missing something right now.. here is my thoughts based on current CMP, i should be looking for M15 to create EF for sells then i look for sells? What if M15 breaks the H1. should be looking for buys already?
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