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MTF Engulf / Engulf fail

  • #3,981
  • Jul 24, 2024 11:19pm Jul 24, 2024 11:19pm
Quoting fxpider
{quote} Things get messy when the market deceives us like this. {image}
Yes I always fall for this trap. "They" make it look like a engulfing failure so I start buying----Next comes huge drop with no retrace----- Now I have to start selling but POI is far away----By that time engulfing failure has happened so I start buying----Repeat this cycle of doom forever.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,982
  • Jul 24, 2024 11:33pm Jul 24, 2024 11:33pm
Quoting melord
{quote} Yes I always fall for this trap. "They" make it look like a engulfing failure so I start buying----Next comes huge drop with no retrace----- Now I have to start selling but POI is far away----By that time engulfing failure has happened so I start buying----Repeat this cycle of doom forever.
show one example here.
see whether by using premium and discount, is able to make it fail less.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,983
  • Jul 24, 2024 11:49pm Jul 24, 2024 11:49pm
Quoting fxpider
{quote} Things get messy when the market deceives us like this. {image}
This is how I look at the line chart. The line chart you have posted is in a downtrend.
I would not trade the green arrows back into the trend.
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Your trade order needs to be in the right place at the right time.
  • #3,984
  • Jul 24, 2024 11:49pm Jul 24, 2024 11:49pm
Quoting Inthebox
{quote} heading there but may not be this week. consolidation to come before that and what happen if a break away upwards. a fragment of my imagination below. {image}
for scalping mode.
but do we still have to use indicator for unicorn?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,985
  • Jul 25, 2024 12:02am Jul 25, 2024 12:02am
Quoting Inthebox
{quote} show one example here. see whether by using premium and discount, is able to make it fail less.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,986
  • Jul 25, 2024 1:25am Jul 25, 2024 1:25am
Quoting melord
{quote} {image}
showing one week of sell by trading once everyday at london open.
trading view does not allowed to go to m15.
yesterday example using a fibonacci on m15 for optimum trade entry premium sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,987
  • Jul 25, 2024 1:32am Jul 25, 2024 1:32am
Quoting Inthebox
{quote} heading there but may not be this week. consolidation to come before that and what happen if a break away upwards. a fragment of my imagination below. {image}
see? the wrb fvg preventing price to go up twice.
now that price is below new york midnight.

in your mind form a story line. doesn't matter now that it didn't work out.
it is all in time to come if you persist.

keep this in mind.
Quoting Inthebox
jagged vs smooth https://www.youtube.com/watch?v=OFnkMKjVU54
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,988
  • Jul 25, 2024 1:44am Jul 25, 2024 1:44am
tired now. taking a rest.
i posted too many things during asia session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,989
  • Jul 25, 2024 5:55am Jul 25, 2024 5:55am
9 hours of waiting.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,990
  • Jul 25, 2024 7:03am Jul 25, 2024 7:03am
Quoting Inthebox
9 hours of waiting. {image} {image}
2349 Bears target?
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  • #3,991
  • Jul 25, 2024 10:03am Jul 25, 2024 10:03am
observe. sometimes new york afternoon can do silly things.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,992
  • Jul 25, 2024 5:20pm Jul 25, 2024 5:20pm
Hello,

We have nice divergence, broken TL it all favour bulls,
but overall bias is very bearish
im still learning to find unicorns ,
what do you think about that setup?
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  • #3,993
  • Jul 25, 2024 8:29pm Jul 25, 2024 8:29pm
Quoting Ziemowit
Hello, We have nice divergence, broken TL it all favour bulls, but overall bias is very bearish im still learning to find unicorns , what do you think about that setup? {image}
I would observe for a shift in price delivery (EF) and if any fvg during the displacement.
Success = Practice + Patience + Persistence
  • #3,994
  • Jul 25, 2024 8:31pm Jul 25, 2024 8:31pm
Quoting Ziemowit
Hello, We have nice divergence, broken TL it all favour bulls, but overall bias is very bearish im still learning to find unicorns , what do you think about that setup? {image}
yes. 2 opposing forces at play.
daily down trend vs support.
cmp trying to break 2 resistant levels.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,995
  • Jul 25, 2024 8:50pm Jul 25, 2024 8:50pm
Quoting Inthebox
{quote} yes. 2 opposing forces at play. daily down trend vs support. cmp trying to break 2 resistant levels. {image}
The eql high @2376.
Success = Practice + Patience + Persistence
  • #3,996
  • Jul 25, 2024 8:51pm Jul 25, 2024 8:51pm
using m1 to illustrate.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,997
  • Jul 25, 2024 9:03pm Jul 25, 2024 9:03pm
i would say yesterday became the low of the week.
friday. trade well. do not loose the week profit nor going for revenge trading.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,998
  • Jul 25, 2024 9:07pm Jul 25, 2024 9:07pm
Quoting Inthebox
using m1 to illustrate. {image}
It could not be explained better.

I am trying to optimize the entry to minimize the DD. I want to get your view on this.

 

  1. Limit order @ FVG
  2. @EG, after bouncing off the FVG
  3. @retest of that EG, after bouncing off the FVG
  4. Combination of all above (Hybrid)

Success = Practice + Patience + Persistence
  • #3,999
  • Jul 25, 2024 9:15pm Jul 25, 2024 9:15pm
Quoting fxpider
{quote} It could not be explained better. I am trying to optimize the entry to minimize the DD. I want to get your view on this. Limit order @ FVG @EG, after bouncing off the FVG @retest of that EG, after bouncing off the FVG Combination of all above (Hybrid)
hard to imagine.
with your normal entry time frame, put the steps 1 2 3 on a chart.
whatever it is, the biggest problem for us is to locate the institutional support and resistant.
if we got that, hey whatever entries also can, even the lousy ones.
https://www.forexfactory.com/thread/...4#post14942604
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,000
  • Jul 25, 2024 9:28pm Jul 25, 2024 9:28pm
Quoting Inthebox
{quote} hard to imagine. with your normal entry time frame, put the steps 1 2 3 on a chart. whatever it is, the biggest problem for us is to locate the institutional support and resistant. if we got that, hey whatever entries also can, even the lousy ones. https://www.forexfactory.com/thread/...4#post14942604 {image}
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Success = Practice + Patience + Persistence
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