MTF Engulf / Engulf fail | Page 175 | Forex Factory

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MTF Engulf / Engulf fail

  • #3,481
  • Jun 27, 2024 10:58am Jun 27, 2024 10:58am
Quoting peymansam
Hello everybody i have to thank you for having this beautiful thread i wanna know if gold wants to go down do we have to wait for Engulfing failed first? and then wait for pullback and retest to engulf candle in our direction am i right?
Im await to got it. thanks
  • #3,482
  • Jun 27, 2024 11:06am Jun 27, 2024 11:06am
Quoting Inthebox
it's a good reminder for all traders. https://www.forexfactory.com/thread/...8#post14607628 it took me 2 years to change once i realized and acknowledged it. what about you?
Still trying to change. I for sure lack discipline, patience and consistency. Without that Idk how I am gonna succeed in this game. Also, I am always chasing after shiny new strategy. Just the other day you posted those Nora Bystra video and now I am so attracted to those fantastic 5 setup.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,483
  • Jun 27, 2024 11:18am Jun 27, 2024 11:18am
Quoting melord
{quote} Still trying to change. I for sure lack discipline, patience and consistency. Without that Idk how I am gonna succeed in this game. Also, I am always chasing after shiny new strategy. Just the other day you posted those Nora Bystra video and now I am so attracted to those fantastic 5 setup.
nothing new. Bystra always check that the set up has htf engulf.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,484
  • Jun 27, 2024 11:24am Jun 27, 2024 11:24am
Quoting peymansam
{quote} Im await to got it. thanks
your post appeared very late because it was only the 5th one that you had posted in FF.
you can find the answer in post 1 rule 3.
safer to do that for small time frames like m5 and m1.
however you don't often see pullback for fast moving prices like during news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,485
  • Jun 27, 2024 12:41pm Jun 27, 2024 12:41pm
Quoting Inthebox
{quote} your post appeared very late because it was only the 5th one that you had posted in FF. you can find the answer in post 1 rule 3. safer to do that for small time frames like M5 and M1. however you don't often see pullback for fast moving prices like during news. {image}
Wowww man thank you it was very useful .thanks
I would like to post a picture of my chart and follow to improve my skill at defining areas and entry points.
i appreciate it .
  • #3,486
  • Jun 27, 2024 8:57pm Jun 27, 2024 8:57pm
Quoting Inthebox
things that can happen: bullish snrc, qm. what we need to see: displacement. in htf as eg sell. {image}
see the price reaction at snrc and qm? but we go with the red zone to the blue.
now is the displacement.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,487
  • Jun 27, 2024 9:46pm Jun 27, 2024 9:46pm
Quoting Inthebox
{quote} see the price reaction at snrc and qm? but we go with the red zone to the blue. now is the displacement. {image}
The most recent 4H EG.

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Success = Practice + Patience + Persistence
  • #3,488
  • Jun 27, 2024 10:08pm Jun 27, 2024 10:08pm
Quoting Inthebox
it's a good reminder for all traders. https://www.forexfactory.com/thread/...8#post14607628 it took me 2 years to change once i realized and acknowledged it. what about you?

I am still to achieve that NIRVANA.

My biggest hurdle is to accept when I am wrong in analysis and to get out as quickly as possible. The "HOPE" comes in the way.
Success = Practice + Patience + Persistence
  • #3,489
  • Jun 27, 2024 10:20pm Jun 27, 2024 10:20pm
i show gold most of the times. i like the indices too.
reason is when they move, they really move. so you have to wait patiently for the right level and market timing.
they may be daunting to many traders because when you are caught on the wrong footing, you have to cut loss fast or suffer great loss.
so the other way around it is to adjust your unit size to small so as to learn to achieve consistency.
discipline, patience and consistency, the 3 great pillars of trading.
if you can't master them, sorry to say that you can't make a living out of trading.
a hobby maybe.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,490
  • Jun 27, 2024 10:24pm Jun 27, 2024 10:24pm
Quoting fxpider
{quote} I am still to achieve that NIRVANA. My biggest hurdle is to accept when I am wrong in analysis and to get out as quickly as possible. The "HOPE" comes in the way.
if the problem is to accept when one is wrong, then trade small units.
as long as price is within the directional zone, one can do cost averaging spreading out with caution.
if one shot big lot, then have to cut loss because no bullets left even when price goes your way later.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,491
  • Jun 27, 2024 10:30pm Jun 27, 2024 10:30pm
Quoting Inthebox
{quote} see the price reaction at snrc and qm? but we go with the red zone to the blue. now is the displacement. {image}
update. displacement with pullback.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,492
  • Jun 28, 2024 12:23am Jun 28, 2024 12:23am
Quoting fxpider
{quote} The most recent 4H EG. {image}
Gold: stuck in between the two zones.

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Success = Practice + Patience + Persistence
  • #3,493
  • Jun 28, 2024 12:39am Jun 28, 2024 12:39am
Quoting Inthebox
{quote} see the price reaction at snrc and qm? but we go with the red zone to the blue. now is the displacement. {image}
ITB, Hello, my friend. snrc = what is it, where can I read about it?
  • #3,494
  • Jun 28, 2024 12:58am Jun 28, 2024 12:58am
Quoting demiko213
{quote} ITB, Hello, my friend. snrc = what is it, where can I read about it?
snrc = support n resistant continuation
You can learn more about snrc, qmr, qmc, qmm all here:
Inserted Video
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,495
  • Jun 28, 2024 1:01am Jun 28, 2024 1:01am
Quoting demiko213
{quote} ITB, Hello, my friend. snrc = what is it, where can I read about it?
Support and resistance continuation.

https://youtu.be/B25rJVDgUzk?si=4_V8DZLwDGmGhhQv

there are videos SNRC1 and after watching it should show SNRC 2


edit.. I was slow posting I changed link for SNRC2 since 1 already posted
  • #3,496
  • Jun 28, 2024 1:08am Jun 28, 2024 1:08am
Quoting Inthebox
{quote} update. displacement with pullback. {image}
update. the qm still doing its thing within the h4 doji ef buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,497
  • Jun 28, 2024 1:12am Jun 28, 2024 1:12am
Quoting demiko213
{quote} ITB, Hello, my friend. snrc = what is it, where can I read about it?
yes you have the videos.
in simple term, it is the support turned resistant flip.
however snrc is more detailed with the rally base rally and htf engulf thing.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,498
  • Jun 28, 2024 6:06am Jun 28, 2024 6:06am
this is in preparation of US news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,499
  • Jun 28, 2024 6:12am Jun 28, 2024 6:12am
Today the "Biden disaster" during the 1st debate, is dragging the USD across the board.
Success = Practice + Patience + Persistence
  • #3,500
  • Jun 28, 2024 6:44am Jun 28, 2024 6:44am
Quoting Inthebox
this is in preparation of US news. {image}
Tuesday 25 June High has not been swept yet so I expect the News will drive price Up

Targeting that magnet icon
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