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MTF Engulf / Engulf fail

  • #4,141
  • Aug 1, 2024 7:10am Aug 1, 2024 7:10am
Quoting Inthebox
let's see whether this fvg will become a support. {image}
is it a unicorn for you?
price did bounce from fvg within unicorn range,
plus discount and there is 30m n 1h EG form.
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  • #4,142
  • Aug 1, 2024 7:25am Aug 1, 2024 7:25am
Quoting LeongPuiy
{quote} is it a unicorn for you? price did bounce from fvg within unicorn range, plus discount and there is 30m n 1h EG form. {image}
no.
it is unicorn when you see h1. when breaker and fvg overlap.
that's why you have to keep on flipping the time frames.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,143
  • Aug 1, 2024 7:32am Aug 1, 2024 7:32am
Quoting Inthebox
{quote} split your unit size. one before the news to see whether can gain advantage. see whether to protect or not. after news can add the rest when there are set ups. {image} {image}
remember to take partial profit and balance to BE.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,144
  • Aug 1, 2024 7:41am Aug 1, 2024 7:41am
is this valid unicorn?


but in the other hand look where we are now, we just got reaction from 0,618 last swing
i got the sell in BE now, will see
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  • #4,145
  • Aug 1, 2024 7:48am Aug 1, 2024 7:48am
Quoting Inthebox
{quote} no. it is unicorn when you see h1. when breaker and fvg overlap. that's why you have to keep on flipping the time frames.
you mean the early bearish one ?
now i waiting this hour close and nyse for set up long..
hope it not just leave me behind.
waiting too long time for it.
so that 4h chart is like R flip S for trend continuation for you, right?
  • #4,146
  • Aug 1, 2024 7:49am Aug 1, 2024 7:49am
Quoting Ziemowit
is this valid unicorn? but in the other hand look where we are now, we just got reaction from 0,618 last swing i got the sell in BE now, will see {image} {image}
yes.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,147
  • Aug 1, 2024 7:52am Aug 1, 2024 7:52am
Quoting LeongPuiy
{quote} you mean the early bearish one ? now i waiting this hour close and nyse for set up long.. hope it not just leave me behind. waiting too long time for it. so that 4h chart is like R flip S for trend continuation for you, right?

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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,148
  • Aug 1, 2024 8:19am Aug 1, 2024 8:19am
Would love to keep selling because of the 4hrly engulf in a daily zone.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,149
  • Aug 1, 2024 8:36am Aug 1, 2024 8:36am
Quoting melord
Would love to keep selling because of the 4hrly engulf in a daily zone. {image}
daily vs h4. let's see.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,150
  • Aug 1, 2024 8:51am Aug 1, 2024 8:51am
Quoting Inthebox
{quote} daily vs h4. let's see. {image}
Yes what you are saying makes sense. there is that 4hrly barrier that's why I was confused. I was thinking short bias until it gets broken.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,151
  • Aug 1, 2024 9:05am Aug 1, 2024 9:05am
Quoting melord
{quote} Yes what you are saying makes sense. there is that 4hrly barrier that's why I was confused. I was thinking short bias until it gets broken. {image}
the h4 bullish eg is at the 62 fib of the monthly range. the discount market.
the h4 bearish eg has already done its job of going down to meet bullish eg.
h4 eg to eg. mission complete.
the job has been handed over to bullish eg to go up to meet asia high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,152
  • Aug 1, 2024 9:12am Aug 1, 2024 9:12am
Quoting Inthebox
{quote} the h4 bullish eg is at the 62 fib of the monthly range. the discount market. the h4 bearish eg has already done its job of going down to meet bullish eg. h4 eg to eg. mission complete. the job has been handed over to bullish eg to go up to meet asia high.
Thanks that was an amazing explanation.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,153
  • Edited 9:32am Aug 1, 2024 9:22am | Edited 9:32am
Quoting Inthebox
{quote} {image}
from early you show me
and currently 1H, but it did sweep today high drop.
now kind of unicorn form again?
correct me if i am wrong.

Edit:
Added current chart.
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  • #4,154
  • Aug 1, 2024 9:22am Aug 1, 2024 9:22am
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}
gold results.
one more long protected.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,155
  • Aug 1, 2024 9:37am Aug 1, 2024 9:37am
Quoting LeongPuiy
{quote} from early you show me and currently 1H, but it did sweep today high drop. now kind of unicorn form again? correct me if i am wrong. Edit: Added current chart. {image} {image}
unicorn to go north.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,156
  • Aug 1, 2024 10:10am Aug 1, 2024 10:10am
Quoting Inthebox
{quote} unicorn to go north.
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Doesn't this confuse you?
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,157
  • Aug 1, 2024 10:18am Aug 1, 2024 10:18am
looks like the daily highs are the targets.
but even though we know the targets, most lack the trust in the method to carry it through.
look at your own trading today.
when seeing most of the day gold had been dropping, most were unable to apply what they know.
panic during london session and forgot that the htf direction is up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,158
  • Aug 1, 2024 10:29am Aug 1, 2024 10:29am
Quoting melord
{quote} {image} Doesn't this confuse you?
why i don't buy.
https://www.forexfactory.com/thread/...9#post14949919

why i buy. wait for ef.
https://www.forexfactory.com/thread/...3#post14950253
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,159
  • Edited 11:10am Aug 1, 2024 10:50am | Edited 11:10am
Quoting Inthebox
looks like the daily highs are the targets. but even though we know the targets, most lack the trust in the method to carry it through. look at your own trading today. when seeing most of the day gold had been dropping, most were unable to apply what they know. panic during london session and forgot that the htf direction is up. {image} {image}
Let me test the water after this fakeout of the accumulation

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Please don't follow me I am just a scalper, I was whole week shorting gold and manage to be in profit even with this massive move up...
  • #4,160
  • Aug 1, 2024 8:24pm Aug 1, 2024 8:24pm
Sweep early opening price and drop,
now it sweep afternoon NY low,
1h unicorn during NY still hold.
i may wrong, I been wasting too much time,
now i want to focus and participate more with this thread and inthebox for learning
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