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MTF Engulf / Engulf fail

  • #2,981
  • May 23, 2024 6:37am May 23, 2024 6:37am
Quoting direction
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? {image} {image} {image} {image}...
are you a scalper or intra-day trader looking for 30-60 pips each trade?
or more pips than that?
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,982
  • May 23, 2024 6:56am May 23, 2024 6:56am
Yes I'm a scalper how do I reach out to you sir
  • #2,983
  • May 23, 2024 7:05am May 23, 2024 7:05am
ITB, in a scenario like this where there are multiple sell engulfs, how do you choose your target? Or do you monitor market reaction around each sell engulf?
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  • #2,984
  • May 23, 2024 7:08am May 23, 2024 7:08am
Quoting direction
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? {image} {image} {image} {image} {image}
Quoting Judecharly
ITB, in a scenario like this where there are multiple sell engulfs, how do you choose your target? Or do you monitor market reaction around each sell engulf? {image}
do not force trade. it's a waiting game.
wait for price to come to you. just like what happened during europe session to long.
if there's no set up, then there's no trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,985
  • May 23, 2024 7:28am May 23, 2024 7:28am
Quoting Inthebox
{quote} are you a scalper or intra-day trader looking for 30-60 pips each trade? or more pips than that?
i would love 60 to 100 pips.. so i tend to look for D-H4-H1 or H4-H1-M15 setups.

Honestly i havent really seen any of these in the past week
  • #2,986
  • May 23, 2024 7:40am May 23, 2024 7:40am
Quoting direction
{quote} i would love 60 to 100 pips.. so i tend to look for D-H4-H1 or H4-H1-M15 setups. Honestly i havent really seen any of these in the past week
then you have to accept that you have lesser opportunity to have that. probably 1 or 2 per week and you may not be around.
you need more filters W1 D1 H4 H1 M15.
the longer you stay in the market, the more whipsaws you will encounter.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,987
  • May 23, 2024 7:53am May 23, 2024 7:53am
Is anyone with me here if m1 engulf at this m5 point?
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  • #2,988
  • May 23, 2024 8:07am May 23, 2024 8:07am
Quoting witowito
Is anyone with me here if m1 engulf at this m5 point? {image}
Paying my self here for snacks and covering the position always good
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  • #2,989
  • May 23, 2024 8:13am May 23, 2024 8:13am
Quoting witowito
{quote} Paying my self here for snacks and covering the position always good {image}
Sorry but for me is again bearish
I will wait to go long
  • #2,990
  • May 23, 2024 8:35am May 23, 2024 8:35am
Quoting Inthebox
{quote} {quote} do not force trade. it's a waiting game. wait for price to come to you. just like what happened during europe session to long. if there's no set up, then there's no trade. {image}
gold long. new york session.
beware of news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,991
  • May 23, 2024 9:05am May 23, 2024 9:05am
Quoting 19monza64
{quote} Sorry but for me is again bearish I will wait to go long
Yeah mate u r right...
I just was scalping levels thats why I said m5 level with m1 engulf, before the fact then while trade running advice to take profits and cover the position just in case someone took it also..
I think some fellas need some before,while and afterwards examples so they will encourage and trust the method, with the SL the entry and so on...
It is not my thread so I just come time to time to share some ideas and info,while being bearish for someone on h4 can be a bullish trade for m1 scalpers...


I hope it helps someone.
  • #2,992
  • May 23, 2024 9:09am May 23, 2024 9:09am
Quoting Inthebox
{quote} gold long. new york session. beware of news. {image}
gold another long.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,993
  • May 23, 2024 9:20am May 23, 2024 9:20am
Quoting Inthebox
{quote} gold another long. {image}
Seriously man !

This guy is full of skills and guts.
Success = Practice + Patience + Persistence
  • #2,994
  • May 23, 2024 9:33am May 23, 2024 9:33am
Ok Last for today if price got there and provide a nice m1 engulf then u know the plan... this time probably skyrocket some more
Fishing level there
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  • #2,995
  • May 23, 2024 11:46am May 23, 2024 11:46am
Quoting Inthebox
{quote} gold another long. {image}
Doji candle with engulfing bullish bar can be considered EG?
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Love for all; Hatred for none.
  • #2,996
  • May 23, 2024 12:19pm May 23, 2024 12:19pm
My second question is that at M30 TF, EG was actually EF. At M5 TF, you can see price went down and then came back to EF zone. There are two triangles marked which I think will be perfect entry with bearish engulfing candle in m5 TF. Am I right ?
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Love for all; Hatred for none.
  • #2,997
  • May 23, 2024 9:15pm May 23, 2024 9:15pm
Quoting aahmad29
{quote} Doji candle with engulfing bullish bar can be considered EG? {image}
considered so as long as candle closes beyond the wicks.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,998
  • May 23, 2024 9:27pm May 23, 2024 9:27pm
Quoting aahmad29
My second question is that at M30 TF, EG was actually EF. At M5 TF, you can see price went down and then came back to EF zone. There are two triangles marked which I think will be perfect entry with bearish engulfing candle in m5 TF. Am I right ? {image}
the questions you have to ask yourself are:
am i following the higher time frame trend?
am i trading at the market open session?

if yes go ahead, you are trading with a calculated risk.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,999
  • May 23, 2024 10:57pm May 23, 2024 10:57pm
Quoting Inthebox
{quote} considered so as long as candle closes beyond the wicks. {image}
Yes you are right I should considered direction of M30 timeframe for entry. Luckily I had small loss but then I took sell trade which was gone well. But now I am going to take trade only in direction of trend. Thanks for clarifying.
Love for all; Hatred for none.
  • #3,000
  • May 24, 2024 4:28am May 24, 2024 4:28am
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ITB - Seeing Orderliness amongst 'Randomness'
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