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MTF Engulf / Engulf fail

  • #4,101
  • Jul 31, 2024 5:24am Jul 31, 2024 5:24am
Quoting witowito
{quote} Does it mean that you are holding longs before the news, isn't it?
yes at BE.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,102
  • Jul 31, 2024 6:30am Jul 31, 2024 6:30am
Quoting Inthebox
london session ranging. however there was a unicorn holding up at the bottom. {image}
May I ask, what is the significance of the NY mn open?
Success = Practice + Patience + Persistence
  • #4,103
  • Jul 31, 2024 6:40am Jul 31, 2024 6:40am
Quoting fxpider
{quote} May I ask, what is the significance of the NY mn open?
ict uses it as new day open instead of during asia.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,104
  • Jul 31, 2024 6:57am Jul 31, 2024 6:57am
Quoting Inthebox
london session ranging. however there was a unicorn holding up at the bottom. {image}
the hero unicorn.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,105
  • Jul 31, 2024 7:01am Jul 31, 2024 7:01am
Quoting Inthebox
there could also be a quick exhaustive run to the top. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,106
  • Jul 31, 2024 7:10am Jul 31, 2024 7:10am
Quoting Inthebox
{quote} {image}
Will Humpty Dumpty have a great fall?

I won't be around to see the fall, if any. I will watch the highlight in the morning.
Success = Practice + Patience + Persistence
  • #4,107
  • Jul 31, 2024 10:56am Jul 31, 2024 10:56am
Quoting Inthebox
{quote} the hero unicorn. {image}
another unicorn
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,108
  • Jul 31, 2024 11:50am Jul 31, 2024 11:50am
Quoting Inthebox
{quote} {image}
day high hit
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,109
  • Jul 31, 2024 6:32pm Jul 31, 2024 6:32pm
asia session for high of the week today?

  1. Determine higher time frame direction, whether it is trend continuation or retracement / road block.
  2. Make use of Power of 3 on week, day, section open.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,110
  • Jul 31, 2024 7:29pm Jul 31, 2024 7:29pm
this is for melord.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,111
  • Jul 31, 2024 8:14pm Jul 31, 2024 8:14pm
Quoting Inthebox
asia session for high of the week today? Determine higher time frame direction, whether it is trend continuation or retracement / road block. Make use of Power of 3 on week, day, section open. {image} {image}
2nd chance. observe asia low liquidity pool.

 

  1. Determine higher time frame direction, whether it is trend continuation, road block retracement or reversal.
  2. Make use of Power of 3 on week, day, section open.
  3. Pull a fibonacci for premium / discount zones to match with fair value gap, liquidity pool, engulf, engulf fail levels.
  4. Conquer impatience, FOMO, impulsiveness, fear and greed.

ITB - Seeing Orderliness amongst 'Randomness'
  • #4,112
  • Jul 31, 2024 9:15pm Jul 31, 2024 9:15pm
Quoting Inthebox
this is for melord. {image}
Thanks best guy.
I was so confused today with this freakin GBPUSD that I did not trade at all.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,113
  • Jul 31, 2024 9:25pm Jul 31, 2024 9:25pm
Fed's Powell puts September rate cut on table as US inflation cools
https://www.reuters.com/markets/us/f...ut-2024-07-31/
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,114
  • Jul 31, 2024 9:44pm Jul 31, 2024 9:44pm
Quoting Inthebox
{quote} 2nd chance. observe asia low liquidity pool. Determine higher time frame direction, whether it is trend continuation, road block retracement or reversal. Make use of Power of 3 on week, day, section open. Pull a fibonacci for premium / discount zones to match with fair value gap, liquidity pool, engulf, engulf fail levels. Conquer impatience, FOMO, impulsiveness, fear and greed.
i am showing step by step.

 

  1. Determine higher time frame direction, whether it is trend continuation, road block retracement or reversal.
  2. Make use of Power of 3 on week, day, section open.
  3. Pull a fibonacci for premium / discount zones to match with fair value gap, liquidity pool, engulf, engulf fail levels.
  4. Conquer impatience, FOMO, impulsiveness, fear and greed.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,115
  • Jul 31, 2024 10:08pm Jul 31, 2024 10:08pm
Quoting Inthebox
{quote} i am showing step by step. Determine higher time frame direction, whether it is trend continuation, road block retracement or reversal. Make use of Power of 3 on week, day, section open. Pull a fibonacci for premium / discount zones to match with fair value gap, liquidity pool, engulf, engulf fail levels. Conquer impatience, FOMO, impulsiveness, fear and greed. {image}
You have mastered this game already that's why I feel like you can even use stars and moon to trade successfully. I have no doubt about it.
As for newbie me, the more concepts I add, the more I have information overload and analysis paralysis.
If you ask me, I love engulf first and foremost. I also want to incorporate this unicorn and market open concept. Rest of the other stuff like FVG, liquidity pool, fibonacci, premium/discount, etc makes me more confused.
Life was so easy when another great guy EGSOLUTION said "Alooong the way what do we do? We go one or two timeframe lower and what do we do? we look for engulf."
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,116
  • Jul 31, 2024 10:22pm Jul 31, 2024 10:22pm
Quoting melord
{quote} You have mastered this game already that's why I feel like you can even use stars and moon to trade successfully. I have no doubt about it. As for newbie me, the more concepts I add, the more I have information overload and analysis paralysis. If you ask me, I love engulf first and foremost. I also want to incorporate this unicorn and market open concept. Rest of the other stuff like FVG, liquidity pool, fibonacci, premium/discount, etc makes me more confused. Life was so easy when another great guy EGSOLUTION said "Alooong the way what...
i once started off as a newbie too with mountains and rivers to cross over the other side. the so call masters showed for a while then left. no detailed explanations given. fast forward some 10 years later. almost every single day with 14 hours of blood sweat and tears of studying. no, not easy, not a couple of years thing.

just stick with engulf and engulf fail. i would recommend to add fibonacci. it holds you back on impulsive trading. long only when below 50 and short only when above 50.

if you want to do extraordinary things, it shouldn't be easy. it should be like that.

Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,117
  • Jul 31, 2024 10:46pm Jul 31, 2024 10:46pm
for melord to monitor.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,118
  • Jul 31, 2024 11:31pm Jul 31, 2024 11:31pm
Quoting Inthebox
{quote} i am showing step by step. Determine higher time frame direction, whether it is trend continuation, road block retracement or reversal. Make use of Power of 3 on week, day, section open. Pull a fibonacci for premium / discount zones to match with fair value gap, liquidity pool, engulf, engulf fail levels. Conquer impatience, FOMO, impulsiveness, fear and greed. {image}
IMO, to draw the fibo, the most important is mechanically defining the range that can be rinsed and repeated every single time. Please share your way of determining the range for fibo.

 

  1. Swing high to swing low?
  2. Previous candle's range?
  3. In the above post, the fibo was drawn on H4. There must be a reason for that.
  4. Do we keep extending the fibo whenever a new high/low is made in the initial range?

Success = Practice + Patience + Persistence
  • #4,119
  • Jul 31, 2024 11:39pm Jul 31, 2024 11:39pm
Quoting fxpider
{quote} IMO, to draw the fibo, the most important is mechanically defining the range that can be rinsed and repeated every single time. Please share your way of determining the range for fibo. Swing high to swing low? Previous candle's range? In the above post, the fibo was drawn on H4. There must be a reason for that. Do we keep extending the fibo whenever a new high/low is made in the initial range?
the h4 can be used for weekly range.
the h1 for daily range.
the m15 for session range.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,120
  • Aug 1, 2024 12:03am Aug 1, 2024 12:03am
dax
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ITB - Seeing Orderliness amongst 'Randomness'
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