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MTF Engulf / Engulf fail

  • #3,201
  • Jun 5, 2024 12:26pm Jun 5, 2024 12:26pm
Quoting witowito
{quote} Let see if we got some nice setup before the news
how to enter the news driven setup (2) on the lower tfrs?
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  • #3,202
  • Jun 5, 2024 8:57pm Jun 5, 2024 8:57pm
Quoting huskyboy
{quote} how to enter the news driven setup (2) on the lower tfrs? {image}
for me , the nyse entry take gut which i miss it when i keep wait for set up, eg or reenter fvg at small tf
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  • #3,203
  • Jun 5, 2024 9:14pm Jun 5, 2024 9:14pm
Quoting huskyboy
{quote} how to enter the news driven setup (2) on the lower tfrs? {image}
To me, a news-driven setup happens only in HTF, whereas, LTF is used for the setup manipulation during the news. Well, in hindsight it's easy to spot LTF entry during the news manipulation, but in reality, we have to deal with the whipsaw, wider spread, and slippage. For the longevity of the account and consistency, it's better to avoid trading during the news, JMHO.
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  • #3,204
  • Edited 12:48am Jun 6, 2024 12:37am | Edited 12:48am
news rule.
the up trend is a rather strong one.
the struggle had been around the w1 eg overlap.
i am watching h1 and m30, not going lower than that.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,205
  • Jun 6, 2024 2:22am Jun 6, 2024 2:22am
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missed it completely, only wondering if my htfr mapping is ok?
  • #3,206
  • Jun 6, 2024 2:40am Jun 6, 2024 2:40am
Quoting huskyboy
{image} missed it completely, only wondering if my htfr mapping is ok?
m30 entry
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,207
  • Jun 6, 2024 2:49am Jun 6, 2024 2:49am
Quoting Inthebox
{quote} m30 entry {image}
thank you, indeed the m30 ef retest looks better than the h1
  • #3,208
  • Jun 6, 2024 4:19am Jun 6, 2024 4:19am
Is GOLD being set up for the NFP?

What is your bias for today? anyone?
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  • #3,209
  • Jun 6, 2024 4:55am Jun 6, 2024 4:55am
I shorted in M30 ef
I will look to buy in M30 ef
I agree with ITB. I see it strong so I don't think it will go down much

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  • #3,210
  • Jun 6, 2024 5:04am Jun 6, 2024 5:04am
Quoting fxpider
Is GOLD being set up for the NFP? What is your bias for today? anyone?
don't really know.
just a possibility.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,211
  • Jun 6, 2024 5:18am Jun 6, 2024 5:18am
Quoting Inthebox
{quote} don't really know. just a possibility. {image}
My view is the same, the marked zone is the key, at least for today, IMO.
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  • #3,212
  • Jun 6, 2024 5:36am Jun 6, 2024 5:36am
EA: Just a personal view.

Remember, we have the EURO rate decision today.

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Success = Practice + Patience + Persistence
  • #3,213
  • Jun 6, 2024 7:59am Jun 6, 2024 7:59am

Price it is about to collapse strongly...



Careful gold bulls

  • #3,214
  • Jun 6, 2024 8:06am Jun 6, 2024 8:06am
Quoting Inthebox
news rule. the up trend is a rather strong one. the struggle had been around the w1 eg overlap. i am watching h1 and m30, not going lower than that. {image}
gold short result. exited before news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,215
  • Jun 6, 2024 8:29am Jun 6, 2024 8:29am
Quoting Inthebox
{quote} gold short result. exited before news. {image}
It is very confusing and we can not determine the trend based on HTF to LTF. My broker weekly chart is most confusing. Price created bearish engulfing which was proved to be EF when bullish engulfing developed but failed to break high. Now bearish engulfing developed which looks like testing the bullish engulfing zone and now price is tried to create bullish engulfing. Close of this week above last week high will prove bullish movement. Am I right ?

I am trying to determine trend which we mostly start from Weekly, daily , H4

I am sorry I don’t have access to computer so using my cell phone.
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  • #3,216
  • Jun 6, 2024 8:34am Jun 6, 2024 8:34am
Quoting witowito
Price it is about to collapse strongly... Careful gold bulls


  • #3,217
  • Jun 6, 2024 9:13am Jun 6, 2024 9:13am
Quoting aahmad29
{quote} I am trying to determine trend which we mostly start from Weekly, daily , H4 I am sorry I don’t have access to computer so using my cell phone. {image}
it all depends on how you draw your engulfs.
if they are properly drawn, it is not confusing, the direction can be easily seen.
they are already color coded.
when current market price is in blue you buy, red you sell.
the w1 and d1 color can be big, but if you add the h4, the zone becomes smaller.
if you keep on adding h1 m30 m15 m5, you narrow down the zone.
right now current market price is in red, so you should be selling.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,218
  • Jun 6, 2024 9:15am Jun 6, 2024 9:15am
Quoting witowito
{quote}
Inverted chart, only to make you up and going.


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Success = Practice + Patience + Persistence
  • #3,219
  • Jun 6, 2024 10:21am Jun 6, 2024 10:21am
Quoting fxpider
EA: Just a personal view. Remember, we have the EURO rate decision today. {image}
It's 4.25% Vs 4.35%. There is more room to go down, but the looming NFP can change anything. Hence, I decided to lock in profit for a better sleep.

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Success = Practice + Patience + Persistence
  • #3,220
  • Jun 6, 2024 10:23am Jun 6, 2024 10:23am
Quoting Inthebox
{quote} it all depends on how you draw your engulfs. if they are properly drawn, it is not confusing, the direction can be easily seen. they are already color coded. when current market price is in blue you buy, red you sell. the w1 and d1 color can be big, but if you add the h4, the zone becomes smaller. if you keep on adding h1 m30 m15 m5, you narrow down the zone. right now current market price is in red, so you should be selling. {image} {image}
Thanks
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