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MTF Engulf / Engulf fail

  • #3,501
  • Jun 28, 2024 8:11pm Jun 28, 2024 8:11pm
Quoting Inthebox
this is in preparation of US news. {image}
gold. ef and eg during US news.
h1 eg to eg move.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,502
  • Jun 28, 2024 8:53pm Jun 28, 2024 8:53pm
there is nothing new under the sun for support and resistant continuation snrc entry.
compare this thread engulfing with following, all around the same entry zone.
1. https://www.forexfactory.com/thread/...-candle-bounce
2. https://www.forexfactory.com/thread/...trading-system
the only thing is can your eyes see them all?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,503
  • Jun 28, 2024 9:10pm Jun 28, 2024 9:10pm
but do not lose your bearing solely looking at m1.
do not forget to check the higher time frames than m1.
it gives you more confidence to support your trade entry.
engulfing means an impulsive move had occurred.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,504
  • Jun 28, 2024 9:37pm Jun 28, 2024 9:37pm
weekly analysis.
coiling up for something.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,505
  • Jun 29, 2024 1:21am Jun 29, 2024 1:21am
i had opened a small account with Saxo 2 weeks ago because it had small spread for gold and indices.
just to show and encourage traders that with clear level headed trading using small unit size and 3 to 5 cost averaging affordability
any trader can strive to attain a reasonable return.
this is also where one is being reminded not to be rash and trade only with clear set ups.
the intention was to achieve with consistency a 5% week return (to pay for all my daily meals and expenses).
however somehow i had double that in the beginning this time round. i do not know later on.
i tweaked according to my own personality and close the trades once i achieved 0.5% -1.5% each time.
i found that the sweet spot for me to be somewhere around 40-50 pips move.
sometimes i achieved 2% return if i stack up when i see that there is momentum.
i also realized that it is getting harder to achieve that as the account increased in size.
the result of 2 weeks trading.
discipline, patience, consistency.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,506
  • Jun 29, 2024 5:38am Jun 29, 2024 5:38am
do you care a lot about trading then make time for it.
or just a little bit. or if you don't know, then don't bother.

Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,507
  • Edited Jun 30, 2024 5:31am Jun 29, 2024 10:21am | Edited Jun 30, 2024 5:31am
Just to add some info of how H4 EG zones worked out on nasdaq100 this last week.
I usually trade mixing SMC concepts ( orders blocks, FVG, liquitidy zones, etc) with using engulfing candles as a trigger zones.
As you can see, good entry oppty has been presented.
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Thanks!
  • #3,508
  • Jun 30, 2024 4:36am Jun 30, 2024 4:36am
Quoting Inthebox
weekly analysis. coiling up for something. {image} {image}
i was watching ict, and if i interpret correctly that if price wants to go up, it would take out the dol below first and vice versa.
the low in the chart could be ny or asia low.
however it could also happen on tuesday.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,509
  • Jun 30, 2024 5:12am Jun 30, 2024 5:12am
Quoting fonline
Just to add some info of how H4 EG zones workerd out on nasdaq100 this last week. I usually trade mixing SMC concepts ( orders blocks, FVG, liquitidy zones, etc) with. using engulfing candles as a trigger zones. As you can see, good entry oppty has been presented. {image} Thanks!
that was a good one.
this was after the US news and nyse open.
the reversal was as though intentional to wipe out the dol buy stops.
i was looking how i could make entries in m5 or m1.
the d1 eg would enhance confidence too though the wick is somewhat daunting.
there was also another late opportunity around the d1 resistance for both m5 and m1.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,510
  • Jun 30, 2024 5:07pm Jun 30, 2024 5:07pm
GU
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,511
  • Jun 30, 2024 7:14pm Jun 30, 2024 7:14pm
Quoting Inthebox
{quote} i was watching ict, and if i interpret correctly that if price wants to go up, it would take out the dol below first and vice versa. the low in the chart could be ny or asia low. however it could also happen on tuesday. {image}
ny low liquidity was swept and offered opportunity for a buy scalp during asia open.
will see whether coming down again for the asia low liquidity.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,512
  • Jun 30, 2024 7:20pm Jun 30, 2024 7:20pm
Quoting melord
GU {image} {image}
could also mean that gu going up to take previous day high liquidity.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,513
  • Jun 30, 2024 8:28pm Jun 30, 2024 8:28pm
Quoting Inthebox
{quote} ny low liquidity was swept and offered opportunity for a buy scalp during asia open. will see whether coming down again for the asia low liquidity. {image}
gold update. snrc
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,514
  • Jun 30, 2024 9:00pm Jun 30, 2024 9:00pm
Quoting Inthebox
{quote} gold update. snrc {image}
Those equal highs at about 2332 would be easy target in London session
  • #3,515
  • Jun 30, 2024 9:22pm Jun 30, 2024 9:22pm
Quoting bambank
{quote} Those equal highs at about 2332 would be easy target in London session
yes. but which one to finish first?
this one or previous asia equal lows?
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,516
  • Jun 30, 2024 9:33pm Jun 30, 2024 9:33pm
Quoting Inthebox
{quote} yes. but which one to finish first? this one or previous asia equal lows?
I wait until these VI's got swept to go Long

Yes, we wait for Asia Low taken
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  • #3,517
  • Jun 30, 2024 9:35pm Jun 30, 2024 9:35pm
Quoting Inthebox
{quote} yes. but which one to finish first? this one or previous asia equal lows?
looks like, 2322.16 (aisa EG) is not going to hold.
Success = Practice + Patience + Persistence
  • #3,518
  • Jun 30, 2024 9:39pm Jun 30, 2024 9:39pm
Quoting Inthebox
{quote} gold update. snrc {image}
gold. tp1 with free trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,519
  • Jun 30, 2024 9:42pm Jun 30, 2024 9:42pm
Quoting fxpider
{quote} looks like, 2322.16 (aisa EG) is not going to hold.
my plan.
https://www.forexfactory.com/thread/...2#post14916392

this week bullish.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,520
  • Jun 30, 2024 9:53pm Jun 30, 2024 9:53pm
Quoting fxpider
{quote} looks like, 2322.16 (aisa EG) is not going to hold.
Took Long from 2322.7
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