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MTF Engulf / Engulf fail

  • #3,141
  • Jun 1, 2024 12:45am Jun 1, 2024 12:45am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,142
  • Jun 1, 2024 5:20am Jun 1, 2024 5:20am
a review on how gold price dropped yesterday during new york session.
at the point in time cmp was at bearish w1 d1 h4 m30 eg zone.
m5 formed ef and pullback to eg aligning with all the above htf direction.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,143
  • Jun 2, 2024 2:34am Jun 2, 2024 2:34am
Can I buy here?
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  • #3,144
  • Jun 2, 2024 3:26am Jun 2, 2024 3:26am
Quoting majidmas
Can I buy here? {image}
one engulf will not do.
if d1 is your entry time frame, you have to see whether all the time frames above it support your entry, also where are the resistant.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,145
  • Jun 2, 2024 3:50am Jun 2, 2024 3:50am
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,146
  • Jun 2, 2024 5:19am Jun 2, 2024 5:19am
Quoting Inthebox
{quote} one engulf will not do. if d1 is your entry time frame, you have to see whether all the time frames above it support your entry, also where are the resistant.
no I will see 4h and 5 min when market return
  • #3,147
  • Jun 2, 2024 5:44am Jun 2, 2024 5:44am
i see a ranging week coming.
but every day of the coming week will have red news. maybe will break consolidation.
draw your w1 d1 h4 engulfs to point the direction of trades.
i see that there are overlap zones.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,148
  • Jun 2, 2024 6:56pm Jun 2, 2024 6:56pm
post your trade direction chart with w d h4 engulfs of any pairs for discussion.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,149
  • Jun 2, 2024 7:27pm Jun 2, 2024 7:27pm
Quoting Inthebox
post your trade direction chart with w d h4 engulfs of any pairs for discussion.
Can't find any potential pair to trade for this session except GJ.

cmp @

  1. Daily BEEG
  2. 4H QML

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Success = Practice + Patience + Persistence
  • #3,150
  • Jun 2, 2024 7:32pm Jun 2, 2024 7:32pm
Quoting Inthebox
post your trade direction chart with w d h4 engulfs of any pairs for discussion.
I will do GU.
Weekly
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Daily
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4hr
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,151
  • Jun 2, 2024 7:38pm Jun 2, 2024 7:38pm
Quoting fxpider
{quote} Can't find any potential pair to trade for this session except GJ. cmp @ Daily BEEG 4H QML {image}
gj cmp direction in red zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,152
  • Jun 2, 2024 7:39pm Jun 2, 2024 7:39pm
GOLD: LTF looks bullish within the HTF BUEG, to me.

HTF:
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LTF:
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Success = Practice + Patience + Persistence
  • #3,153
  • Jun 2, 2024 7:45pm Jun 2, 2024 7:45pm
Hi Inthebox.
this is great thread.
i saw your another thread Support and resistance and now you looks change to engulfing strategy of your trading system .
are you trading using engulfing system mainly ?
or mixing together?
i'm still learning your mtf engulfing system.
while learning i feel SR is melting into this engulfing system.
thanks for great another thread.
  • #3,154
  • Jun 2, 2024 7:48pm Jun 2, 2024 7:48pm
Quoting melord
{quote} I will do GU. Weekly {image} Daily {image} 4hr {image}
gu cmp in red zone but very near to blue zone.
can sell until h1 m30 eg buy appear.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,155
  • Jun 2, 2024 7:56pm Jun 2, 2024 7:56pm
Quoting james27
Hi Inthebox. this is great thread. i saw your another thread Support and resistance and now you looks change to engulfing strategy of your trading system . are you trading using engulfing system mainly ? or mixing together? i'm still learning your mtf engulfing system. while learning i feel SR is melting into this engulfing system. thanks for great another thread.
one has to use all resources that one had learnt in past experiences.
this thread mainly uses engulfs but it's a mix at the back of my mind, including ict concept, qm, snr, trend line ..... etc.
better focus on one while learning or else get confused and see stars.
engulfings more than enough.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,156
  • Jun 2, 2024 8:01pm Jun 2, 2024 8:01pm
Quoting fxpider
GOLD: LTF looks bullish within the HTF BUEG, to me. HTF: {image} LTF: {image}
gold cmp in blue zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,157
  • Jun 2, 2024 11:20pm Jun 2, 2024 11:20pm
Quoting Inthebox
{quote} gu cmp in red zone but very near to blue zone. can sell until h1 m30 eg buy appear. {image}
here's a gu short m30 eg to eg.
cmp now in blue zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,158
  • Jun 2, 2024 11:44pm Jun 2, 2024 11:44pm
Quoting Inthebox
{quote} gold cmp in blue zone. {image}
watch
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,159
  • Jun 3, 2024 1:15am Jun 3, 2024 1:15am
Quoting Inthebox
{quote} watch {image}
small target asian high 31
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PA
  • #3,160
  • Jun 3, 2024 1:43am Jun 3, 2024 1:43am
AU: Scalp 4H BUEG to 1H BEEG.

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Success = Practice + Patience + Persistence
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