MTF Engulf / Engulf fail | Page 153 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Engulf Bar Trading Journal 19 replies

MPE - Momentum, Pullback, Engulf 33 replies

Trade management - moving stops to BE+ after opposing engulf 2 replies

Engulf Alert Indicator 1 reply

MTF Stochastics into MTF Stoch Histogram 8 replies

Attachments: MTF Engulf / Engulf fail
Exit Attachments

MTF Engulf / Engulf fail

  • #3,041
  • May 27, 2024 9:08pm May 27, 2024 9:08pm
Quoting aahmad29
{quote} Oh sorry my entry was at your first arrow. But then I realized that I should wait to pull back. Is it necessary to wait for pullback or I can take entry at first arrow?
i had already explained clearly just a few posts above.
https://www.forexfactory.com/thread/...6#post14879916
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,042
  • May 27, 2024 9:13pm May 27, 2024 9:13pm
Quoting aahmad29
I closed one trade of EURGBP today which is one of my favourite pair. All TF are aligning bearish trend. W1, D1 and H4. Entry was at close of candle at first arrow and exit at Doji. Price can continue moving down but I do not fight Doji. {image} {image} {image}
i do not want to see you posting this kind of charts anymore.
they are all showing after the fact.
there was no proof that you had actually taken the trades.
see the difference below with proven trades taken.
https://www.forexfactory.com/thread/...7#post14880957
https://www.forexfactory.com/thread/...5#post14880575
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,043
  • May 27, 2024 9:29pm May 27, 2024 9:29pm
some one draw the higher time frames direction before i proceed today.
complete it with d1 and h4 engulfs.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,044
  • May 27, 2024 9:48pm May 27, 2024 9:48pm
Quoting Inthebox
some one draw the higher time frames direction before i proceed today. complete it with d1 and h4 engulfs. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 119 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 110 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 126 KB
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,045
  • May 27, 2024 9:54pm May 27, 2024 9:54pm
GOlD: Disputes in 4H chart from broker to broker.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 42 KB
Success = Practice + Patience + Persistence
  • #3,046
  • May 27, 2024 10:12pm May 27, 2024 10:12pm
Quoting fxpider
GOlD: Disputes in 4H chart from broker to broker. {image} {image} {image}
i monitor the broker when price reaches their h4 engulf first.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,047
  • May 27, 2024 10:24pm May 27, 2024 10:24pm
my htf mapping for gold.
sometimes for example there are 2 bearish engulfs around the same level, i draw the one nearer cmp or the more recent one, as i want to keep my charts clean.

looks like ranging for the time being. there may be no trade set up. in that case i am also looking at US indices.
now it is a matter of just aligning the ltf in the direction of htf for trade entry.
for higher possibility trade, wait for market open. all depends on your experience.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,048
  • May 28, 2024 12:48am May 28, 2024 12:48am
i have the notion that gold price is gravitating to h4 eg buy for frankfurt/london open.
if that is so, then do a counter trend scalp for those experienced traders towards that direction.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,049
  • May 28, 2024 1:23am May 28, 2024 1:23am
gotcha.
m30 eg to eg move.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
Click to Enlarge Name: screenshot.png Size: 7 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,050
  • May 28, 2024 1:26am May 28, 2024 1:26am
now can wait for buy set up inside the h4 eg buy.
i won't be around for the rest of the day.
trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,051
  • May 28, 2024 2:36am May 28, 2024 2:36am
Thank u very much ITB , for the step by step while market dancing, before, while and after... much appreciate sir.
  • #3,052
  • May 28, 2024 2:38am May 28, 2024 2:38am
Quoting Inthebox
gotcha. m30 eg to eg move. {image} {image}
Well, you're a handsome guy) Thanks for the details buddy
  • #3,053
  • May 28, 2024 6:15am May 28, 2024 6:15am
H1
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB


m30
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB



m5

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB


m1
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
  • #3,054
  • May 28, 2024 7:38am May 28, 2024 7:38am
Quoting witowito
H1{image} m30 {image} m5 {image} m1 {image}
same view,
close all at 50, but regret now , up to 56
PA Return This Week: 35.1%
  • #3,055
  • May 28, 2024 7:47am May 28, 2024 7:47am
Quoting LeongPuiy
{quote} same view, close all at 50, but regret now , up to 56
Do not regret being in profit my friend.
Step by step you will get where you want to arrive.
Keep it up the good work
  • #3,056
  • May 28, 2024 8:27am May 28, 2024 8:27am
Quoting witowito
{quote} Do not regret being in profit my friend. Step by step you will get where you want to arrive. Keep it up the good work
but many roadblock to daily 50%.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1455.jpeg Size: 836 KB
PA Return This Week: 35.1%
  • #3,057
  • May 28, 2024 9:55am May 28, 2024 9:55am
Quoting Inthebox
now can wait for buy set up inside the h4 eg buy. i won't be around for the rest of the day. trade safe. {image}
using the h1 was clear as m5/m15 too ranging.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,058
  • May 28, 2024 10:10am May 28, 2024 10:10am
dow dropped.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,059
  • May 28, 2024 9:33pm May 28, 2024 9:33pm
by now, you should be able to draw your own W D H4 higher time frames engulfs direction.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,060
  • May 28, 2024 10:14pm May 28, 2024 10:14pm
Quoting Inthebox
by now, you should be able to draw your own W D H4 higher time frames engulfs direction.
yes & no.

yes: when PA works out perfectly

No: when PA creates doubt and chucks into confusion.
Success = Practice + Patience + Persistence
5 traders viewing now