H4 Bullish EG is in green colour. Pullback can happen. Scalping can be done during Asian session with M15, M5 and M1 timeframes.
Love for all; Hatred for none.
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Dislikedlook at this. how would you do the mtf engulf? would you be going for consistency trade? {image}Ignored
Disliked{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}Ignored
Disliked{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}Ignored
Disliked{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}Ignored
Disliked{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.Ignored
Disliked{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 ?Ignored
Disliked{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}Ignored
Dislikedlet's scalp gold for 30-50 pips. long when m5 eg sell becomes ef buy. {image} {image}Ignored
Disliked{quote} Salaam dear Ahmad, can you please guide me about it? I am new on this platform. Jazak AllahIgnored
Dislikedall questions concerning this thread will be answered here. no where else.Ignored
Dislikedall questions concerning this thread will be answered here. no where else.Ignored
Disliked{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?Ignored