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MTF Engulf / Engulf fail

  • #3,261
  • Jun 10, 2024 8:17am Jun 10, 2024 8:17am
Quoting fxpider
UK 100 is approaching a HTF POI prior to the OPEN. {image}
you still holding on to the long?
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,262
  • Jun 10, 2024 8:23am Jun 10, 2024 8:23am
Quoting Inthebox
{quote} you still holding on to the long?
Did not take a trade, got distracted by an unwanted guest.
Success = Practice + Patience + Persistence
  • #3,263
  • Edited 9:02am Jun 10, 2024 8:49am | Edited 9:02am
Quoting MAchoudhry
{quote} Dear, I am new please advise further what does meant if entered in Blue zone. Will go upside or ?
i color all the bullish engulf and engulf fail in blue for buy, all the bearish engulf and engulf fail in red for sell.
easier for the eyes to match the htf and ltf alignment.
if you are new, go to post 1 to study first to establish the basic foundation.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,264
  • Jun 10, 2024 9:56am Jun 10, 2024 9:56am
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htfr vieuw
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m30 bueg to beeg
  • #3,265
  • Jun 10, 2024 9:11pm Jun 10, 2024 9:11pm
Quoting fxpider
GOLD: beware of the daily FLIP and 1H roadblock @NY OPEN. {image}
PA is struggling to break the roadblock. Some quick pips during ASIA open.

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Success = Practice + Patience + Persistence
  • #3,266
  • Jun 11, 2024 1:36am Jun 11, 2024 1:36am
GA: Yeah! The market is completely random.

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Success = Practice + Patience + Persistence
  • #3,267
  • Jun 11, 2024 1:52am Jun 11, 2024 1:52am
gold blue zone direction.
around weekly support.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,268
  • Jun 11, 2024 2:02am Jun 11, 2024 2:02am
Quoting Inthebox
{quote} as always the main set up is ltf engulf aligning with htf engulf. the rests are just secondary confluences to boost confidence. {image}
Hi, inthebox I would like to ask you if this previous planned from yesterday still work? if it not going above 157.4 do you still considered SELL?
  • #3,269
  • Jun 11, 2024 2:13am Jun 11, 2024 2:13am
Quoting Inthebox
gold blue zone direction. around weekly support. {image}
The last weekly close was below that support,
I guess, it's waiting for the FOMC. Until then, my bias is bearish, unless it breaks the 1H roadblock to the upside.
Success = Practice + Patience + Persistence
  • #3,270
  • Jun 11, 2024 2:21am Jun 11, 2024 2:21am
Quoting fxpider
{quote} The last weekly close was below that support, I guess, it's waiting for the FOMC. Until then, my bias is bearish, unless it breaks the 1H roadblock to the upside.
see how the h4 closes.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,271
  • Jun 11, 2024 3:14am Jun 11, 2024 3:14am
UK 100: The opening bell trade.

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Success = Practice + Patience + Persistence
  • #3,272
  • Jun 11, 2024 5:32am Jun 11, 2024 5:32am
Quoting Inthebox
{quote} see how the h4 closes. {image}
Looks like gold wants that area
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  • #3,273
  • Jun 11, 2024 7:15am Jun 11, 2024 7:15am
Quoting Inthebox
{quote} see how the h4 closes. {image}
gold blue zone direction and entry.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,274
  • Jun 11, 2024 9:05am Jun 11, 2024 9:05am
Quoting Inthebox
{quote} gold blue zone direction and entry. {image}
I went the opposite way, giving an example of a good entry (your) vs a bad entry (mine). Thanks to proper position sizing which helped me to escape with a tiny loss.

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HTF (D1) is still in a bearish zone though, IMO.

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Success = Practice + Patience + Persistence
  • #3,275
  • Jun 11, 2024 9:23am Jun 11, 2024 9:23am
Quoting fxpider
{quote} I went the opposite way, giving an example of a good entry (your) vs a bad entry (mine). Thanks to proper position sizing which helped me to escape with a tiny loss. {image} HTF (D1) is still in a bearish zone though, IMO. {image}
Here you have my view, if it helps...
Key road block holding price D1 down side
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Daily structure order block/eg
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H4 inside the daily zone, clean EG then retest the order block/EG and provide a new EG
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The TP for me it is the higher engulf around the H4 candle opening without wick.
If price retest the lower eg then buy again and again until TP, let see daily close today.
Just giving my idea here, don't take it as good, just a learner
  • #3,276
  • Jun 11, 2024 10:04am Jun 11, 2024 10:04am
Quoting fxpider
{quote} I went the opposite way, giving an example of a good entry (your) vs a bad entry (mine). Thanks to proper position sizing which helped me to escape with a tiny loss. {image} HTF (D1) is still in a bearish zone though, IMO. {image}
also look at weekly.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,277
  • Jun 11, 2024 11:25am Jun 11, 2024 11:25am
wdyt?
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  • #3,278
  • Jun 11, 2024 10:14pm Jun 11, 2024 10:14pm
Quoting Inthebox
{quote} also look at weekly. {image}
other view from D swing high and low.
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PA Return Today: na
  • #3,279
  • Jun 12, 2024 5:17am Jun 12, 2024 5:17am
Today's price action and me.

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Success = Practice + Patience + Persistence
  • #3,280
  • Edited 8:30am Jun 12, 2024 7:40am | Edited 8:30am
Quoting witowito
{quote} Here you have my view, if it helps... Key road block holding price D1 down side {image} Daily structure order block/eg {image} H4 inside the daily zone, clean EG then retest the order block/EG and provide a new EG {image} The TP for me it is the higher engulf around the H4 candle opening without wick. If price retest the lower eg then buy again and again until TP, let see daily close today. Just giving my idea here, don't take it as good, just a learner
Here we are 1st TP
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Edit:: 2nd TP also hitted so done with my longs here
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