MTF Engulf / Engulf fail | Page 204 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Engulf Bar Trading Journal 19 replies

MPE - Momentum, Pullback, Engulf 33 replies

Trade management - moving stops to BE+ after opposing engulf 2 replies

Engulf Alert Indicator 1 reply

MTF Stochastics into MTF Stoch Histogram 8 replies

Attachments: MTF Engulf / Engulf fail
Exit Attachments

MTF Engulf / Engulf fail

  • #4,061
  • Jul 30, 2024 5:07am Jul 30, 2024 5:07am
Quoting LeongPuiy
{quote} kind of displacement for now. Market switching? {image}
market switching? did price hit any htf resistant?
it's retracement to me.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,062
  • Jul 30, 2024 5:32am Jul 30, 2024 5:32am
Quoting LeongPuiy
{quote} kind of displacement for now. Market switching? {image}
I feel u boy
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB


m5
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
  • #4,063
  • Jul 30, 2024 5:42am Jul 30, 2024 5:42am
CMP @ H4 EF zone. It is too early to determine the future direction as the NYSE opens in 1hr and we have a RED news event in 1.5hr.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
Success = Practice + Patience + Persistence
  • #4,064
  • Jul 30, 2024 5:50am Jul 30, 2024 5:50am
Quoting Inthebox
{quote} htf tells me to sell only. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,065
  • Jul 30, 2024 5:51am Jul 30, 2024 5:51am
Quoting Inthebox
{quote} market switching? did price hit any htf resistant? it's retracement to me.
daily and 4h.
data later, maybe we can know it later.
i still think possible sweep ytd ny session high, 96-97.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1473.png Size: 55 KB
PA Return Today: 5.3%
  • #4,066
  • Jul 30, 2024 5:52am Jul 30, 2024 5:52am
Quoting fxpider
CMP @ H4 EF zone. It is too early to determine the future direction as the NYSE opens in 1hr and we have a RED news event in 1.5hr. {image}
Yup, price dancing between my entry and my SL ...
  • #4,067
  • Jul 30, 2024 5:58am Jul 30, 2024 5:58am
Quoting LeongPuiy
{quote} daily and 4h. data later, maybe we can know it later. i still think possible sweep ytd ny session high, 96-97. {image}
my view before news.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,068
  • Jul 30, 2024 6:04am Jul 30, 2024 6:04am
Quoting Inthebox
{quote} my view before news. {image}
yeah I got tha view also early in the morning
Quoting witowito
{quote} Continuing with today's scenario, I will focus on these two levels. {image} Thanks to FXspider for the reminder about the big data week. The price might behave tricky until those numbers are released, setting the stage for a significant move. I will trade level by level.
The price is unfolding differently than I expected, so I am scalping levels accordingly. There might be a big wick before the drop, but I am just reacting to what the market is showing.

adding: SL at the scalps- sideways now
big fight there for a while, bulls driving goodr for catching a better price
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
  • #4,069
  • Jul 30, 2024 6:20am Jul 30, 2024 6:20am
Price in buy zone but no confirmation for buys yet
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 127 KB
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,070
  • Jul 30, 2024 6:22am Jul 30, 2024 6:22am
negative correlation can act as a leading indicator... sometimes.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB
Success = Practice + Patience + Persistence
  • #4,071
  • Jul 30, 2024 6:23am Jul 30, 2024 6:23am
Quoting Inthebox
{quote} frankfurt high hit. from the above chart that i posted onward, can you see any trade set up? what time frame? those who took advantage would be able to profit half of the 45 pips range. {image}
london high hit.
my cost averaging day enough for me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Click to Enlarge Name: screenshot.png Size: 11 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,072
  • Jul 30, 2024 6:26am Jul 30, 2024 6:26am
Quoting fxpider
negative correlation can act as a leading indicator... sometimes. {image}
Here we are at key levels, 1st m5 engulf... and u know my plan lol

  • #4,073
  • Jul 30, 2024 6:29am Jul 30, 2024 6:29am
Quoting Inthebox
{quote} london high hit. my cost averaging day enough for me. {image} {image}
Damn, man, that was an amazing strategy for longs! I'm glad you got what you wanted. I'm curious, though—how do you handle situations if the price collapses? Do you have a hard stop in place, or do you manage everything manually?
  • #4,074
  • Jul 30, 2024 6:35am Jul 30, 2024 6:35am
Quoting melord
Price in buy zone but no confirmation for buys yet{image}
htf direction is down.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,075
  • Jul 30, 2024 6:41am Jul 30, 2024 6:41am
5 min buy unicorn formed. Dont wanna get killed by news though.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 132 KB
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,076
  • Jul 30, 2024 6:53am Jul 30, 2024 6:53am
Quoting witowito
{quote} Here we are at key levels, 1st m5 engulf... and u know my plan lol
i believe in big brother h4 engulf. previous day candle somewhat like a doji.
i would take careful notice if price drop to h4 engulf midpoint.
i close each entry manually on candle close.
i can close 25%, 50%, 75%, 100% of entries in stages with close monitoring of price action.
i am always prepare to lose 2-3% as they only happen 20% of the time for me.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,077
  • Jul 30, 2024 7:04am Jul 30, 2024 7:04am
Quoting Inthebox
{quote} i believe in big brother h4 engulf. previous day candle somewhat like a doji. i would take careful notice if price drop to h4 engulf midpoint. i close each entry manually on candle close. i can close 25%, 50%, 75%, 100% of entries in stages with close monitoring of price action. i am always prepare to lose 2-3% as they only happen 20% of the time. {image}
Thank you so much for taking the time to explain everything in such detail! Your method of managing trades is not only insightful but also incredibly practical. It's clear that you have a lot of confidence in your approach, and that gives me a great deal of reassurance. I really appreciate the effort you put into breaking things down and making them easy to understand. Your expertise and confidence in this strategy are truly inspiring. I feel much more secure about moving forward with this method, and I'm excited to see the positive results it can bring. Thank you again for your support and guidance!
  • #4,078
  • Jul 30, 2024 7:09am Jul 30, 2024 7:09am
Quoting Inthebox
{quote} htf tells me to sell only. {image}
confidence in h4 eg.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,079
  • Jul 30, 2024 7:26am Jul 30, 2024 7:26am
bearish unicorn reversed.
the bullish fvg negated the bearish fvg.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,080
  • Jul 30, 2024 7:41am Jul 30, 2024 7:41am
Quoting Inthebox
bearish unicorn reversed. the bullish fvg negated the bearish fvg. {image}
r u playing longs till new highs isnt u ?
9 traders viewing now, 1 is registered:
Forz