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MTF Engulf / Engulf fail

  • #3,861
  • Jul 21, 2024 10:06am Jul 21, 2024 10:06am
Quoting Inthebox
gold weekly analysis. price had swept the dol and may be heading towards to fvg. as always when a new high is formed there will some kind of consolidation. however i reckon that there may some kind of retest, a consequent encroachment of the pin bar. {image}
Thanks for the analysis ITB, so you think price would retest the 2440-2450 zone before closing the FVG?
  • #3,862
  • Edited 10:20am Jul 21, 2024 10:09am | Edited 10:20am
see how hard i have been working over the week end? LOL.

***************************************************************************************************

i propose that we all work together and participate on one model, the ict unicorn model.
this is also in line with this thread as mtf eg / ef.
it is a retest of engulf fail, but looking at it in another perspective.
we will concentrate during new york exchange open especially on US indices and gold.
this can also be for london open on gbpusd, gbpjpy, uk and german indices, and gold.

****************************************************************************************************
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,863
  • Edited 10:24am Jul 21, 2024 10:12am | Edited 10:24am
Quoting Judecharly
{quote} Thanks for the analysis ITB, so you think price would retest the 2440-2450 zone before closing the FVG?
provided price first drop down the weekly open and then above it and thereafter the daily also doing the same thing every day until the zone.
as i had explained all in my above posts today.
so it is about monitoring the lower time frame price action to align with the move up.
the ltf always has to confirm the htf analysis.
of course, it all may not work out.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,864
  • Jul 21, 2024 1:08pm Jul 21, 2024 1:08pm
Adding on your GBPUSD Day view, if it closes above the small downward bearish FVG, it could be a very bullish bias.
My Fs stand for FVG .
Feel free to correct me if I am wrong.
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  • #3,865
  • Edited 2:40pm Jul 21, 2024 2:04pm | Edited 2:40pm
I was studying ICT over the weekend,
here my thoughts, all in line what ITB mentioned,
however im thinking if liqudity sweep of last week low should happen before we will go up or the drop below 2400 of previous week low was that sweep?
and on other chart we have EF fail aligned with H4 QM
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  • #3,866
  • Jul 21, 2024 5:33pm Jul 21, 2024 5:33pm
Quoting cuchuflito
Adding on your GBPUSD Day view, if it closes above the small downward bearish FVG, it could be a very bullish bias. My Fs stand for FVG . Feel free to correct me if I am wrong. {image}
some brokers showing gbpusd touched the daily fvg the previous day.
price went below the week open and went up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,867
  • Jul 21, 2024 5:43pm Jul 21, 2024 5:43pm
Quoting Ziemowit
I was studying ICT over the weekend, here my thoughts, all in line what ITB mentioned, however im thinking if liqudity sweep of last week low should happen before we will go up or the drop below 2400 of previous week low was that sweep? and on other chart we have EF fail aligned with H4 QM {image} {image}
gold liquidity swept previous day.
some brokers showing price went below the week open and went up.
there was an opening gap.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,868
  • Jul 21, 2024 6:20pm Jul 21, 2024 6:20pm
Quoting fxpider
GOLD is in a strong support zone with the confluences of all the HTFs (W, D, and 4H). {image}
Liquidity sweeps and bounces within that strong support zone, giving me some pips to start the week. I might have closed the trades too early. But it's only the 1st hour of the 1st session of the week.

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Success = Practice + Patience + Persistence
  • #3,869
  • Jul 21, 2024 6:40pm Jul 21, 2024 6:40pm
unicorn set up for scalper.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,870
  • Jul 21, 2024 6:46pm Jul 21, 2024 6:46pm
US election
https://www.reuters.com/world/us/bid...ce-2024-07-21/
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,871
  • Jul 21, 2024 7:04pm Jul 21, 2024 7:04pm
History tends to repeat. Will it repeat this time?

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Success = Practice + Patience + Persistence
  • #3,872
  • Jul 21, 2024 7:21pm Jul 21, 2024 7:21pm
Quoting fxpider
History tends to repeat. Will it repeat this time? {image}
monitoring around week open now.
will there be a breaker?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,873
  • Jul 21, 2024 7:43pm Jul 21, 2024 7:43pm
Quoting Inthebox
{quote} monitoring around week open now. will there be a breaker? {image}
I guess, it's too early for a sustainable move-in related to the bigger template until at least the TUE US session. We don't have any RED NEWS events until Wednesday (my time).
Success = Practice + Patience + Persistence
  • #3,874
  • Jul 21, 2024 7:44pm Jul 21, 2024 7:44pm
if you know your bearing, your mapping, slow down no need to hurry.
you are creating your own story line on the chart as you watch the movie unfolding live in front you.
an intra day move for gold is 40 - 50 pips.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,875
  • Jul 21, 2024 7:46pm Jul 21, 2024 7:46pm
Going out. See you during LONDON.

Happy pips.
Success = Practice + Patience + Persistence
  • #3,876
  • Jul 21, 2024 8:54pm Jul 21, 2024 8:54pm
Quoting Inthebox
{quote} monitoring around week open now. will there be a breaker? {image}
an update.
SL can be placed below the expansion candle or swing low.
for me is a candle closed.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,877
  • Jul 21, 2024 10:13pm Jul 21, 2024 10:13pm
an update with the new york open line which will be easier to decide if price is holding above it and week open.
a review of asia session.
an intricate session requiring various ambiguous decisions to be made.
1. there was the week open gap yet to be closed.
2. probably it was good to make two scalps on slow monday as can be seen that it was ranging.
3. when it is up to individual whether to close trade when candle closed below the swing low, as one can also see that the zone is where the week open and fvg are residing.
4. one can also opt for tp1 and tp2.
5. some trusting the week open set up will decide to hold until asia high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,878
  • Jul 21, 2024 11:48pm Jul 21, 2024 11:48pm
Quoting Inthebox
see how hard i have been working over the week end? LOL. *************************************************************************************************** i propose that we all work together and participate on one model, the ict unicorn model. this is also in line with this thread as mtf eg / ef. it is a retest of engulf fail, but looking at it in another perspective. we will concentrate during new york exchange open especially on US indices and gold. this can also be for london open on gbpusd, gbpjpy, uk and german indices, and gold. ****************************************************************************************************...
remember to participate in london session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,879
  • Jul 22, 2024 1:38am Jul 22, 2024 1:38am
let me be the first one.
dax london open.
unicorn set up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,880
  • Jul 22, 2024 1:50am Jul 22, 2024 1:50am
Very slow day,
we are still in the buy zone, waiting for 2412 to be broken
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