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MTF Engulf / Engulf fail

  • #4,161
  • Aug 1, 2024 9:32pm Aug 1, 2024 9:32pm

  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 or engulf fail levels.
  4. Note market open. Conquer impatience, FOMO, impulsiveness, fear and greed.


steps for daily reminder.
asia session did the PO3. what is left for london and new york?

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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,162
  • Aug 1, 2024 10:25pm Aug 1, 2024 10:25pm
just like learning to trade isn't it?
failure is the mother of success.
big giant tasks ahead. so what. stand tall, dare to come face to face with them.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,163
  • Aug 1, 2024 11:21pm Aug 1, 2024 11:21pm
WHAT YOU WANT TO SEE MAY NOT BE WHAT YOU GET.
All depending on the last leg up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,164
  • Aug 2, 2024 12:35am Aug 2, 2024 12:35am
gold.
what business has price staying above new york midnight?
isn't it to take out all the buy stops to reach yesterday high?
will there be a PO3 drop later?
let the drama unfold.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,165
  • Aug 2, 2024 12:59am Aug 2, 2024 12:59am
Quoting Inthebox
steps for daily reminder. asia session did the PO3. what is left for london and new york? {image} {image}
day job done.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,166
  • Aug 2, 2024 1:10am Aug 2, 2024 1:10am
Quoting Inthebox
{quote} day job done. {image} {image}
Rain of PIPS.
Success = Practice + Patience + Persistence
  • #4,167
  • Aug 2, 2024 1:23am Aug 2, 2024 1:23am
Quoting fxpider
{quote} Rain of PIPS.
my guess now or london open drop for high of the week until new york session to push up.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,168
  • Aug 2, 2024 1:38am Aug 2, 2024 1:38am
Quoting Inthebox
{quote} my guess now or london open drop for high of the week until new york session to push up.
Never know. The overall market sentiment is on risk aversion. Nikkei, S&P500, DEX are in RED. JPY is flying high.
Success = Practice + Patience + Persistence
  • #4,169
  • Aug 2, 2024 1:43am Aug 2, 2024 1:43am
Overnight holding and add one small early.
closed all at near 62.
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PA Return This Week: 44.5%
  • #4,170
  • Aug 2, 2024 2:14am Aug 2, 2024 2:14am
a fragment of my imagination.
there need to be a consolidation below the one on the left for price to drop fast.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,171
  • Aug 2, 2024 2:24am Aug 2, 2024 2:24am
price was in the region of yesterday high zone.
which one of these you were able to apply?
https://www.forexfactory.com/thread/...9#post14951299
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,172
  • Aug 2, 2024 2:35am Aug 2, 2024 2:35am
Quoting Inthebox
price was in the region of yesterday high zone. which one of these you were able to apply? https://www.forexfactory.com/thread/...9#post14951299 {image}
1m and 2m chart gave us the engulf/OB model, I guess.
Success = Practice + Patience + Persistence
  • #4,173
  • Aug 2, 2024 4:05am Aug 2, 2024 4:05am
I took a decent long yesterday before NY close that I closed this morning.
The question is if in H4 we are in power of 3 with a manipulation up
time will tell
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  • #4,174
  • Aug 2, 2024 4:19am Aug 2, 2024 4:19am
something got to give.
of the view dropping to discount market
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,175
  • Aug 2, 2024 4:35am Aug 2, 2024 4:35am
GOLD: Where do you think it will retrace to, if the price drops in this session until the news?
Success = Practice + Patience + Persistence
  • #4,176
  • Edited 5:03am Aug 2, 2024 4:48am | Edited 5:03am
Quoting fxpider
GOLD: Where do you think it will retrace to, if the price drops in this session until the news?
a wild guess is 50 fib low hanging fruit.
but from what i see it is quite far off. LOL.
3 hours of london session.
maybe, maybe not.
or may go up first.
anyway expectation is to drop.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,177
  • Aug 2, 2024 5:11am Aug 2, 2024 5:11am
Currently no trade.
I sit tight and waiting for NY.
1H range premium and discount.
There is a small fvg at 50% ,
and unicorn model?
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PA Return This Week: 44.5%
  • #4,178
  • Aug 2, 2024 5:24am Aug 2, 2024 5:24am
Quoting Inthebox
{quote} a wild guess is 50 fib low hanging fruit. but from what i see it is quite far off. LOL. 3 hours of london session. maybe, maybe not. or may go up first. anyway expectation is to drop. {image}
I guess, ~2450 could be possible if the dump happens before the high is taken out. It is a psychological level with the past PA significance, moreover, the ASIA accumulation happened below that level, so they might revisit to refuel.
Success = Practice + Patience + Persistence
  • #4,179
  • Aug 2, 2024 5:34am Aug 2, 2024 5:34am
Quoting fxpider
{quote} I guess, ~2450 could be possible if the dump happens before the high is taken out. It is a psychological level with the past PA significance, moreover, the ASIA accumulation happened below that level, so they might revisit to refuel.
this unicorn needs to be negated before it can drop.]
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,180
  • Aug 2, 2024 5:54am Aug 2, 2024 5:54am
Quoting Inthebox
price was in the region of yesterday high zone. which one of these you were able to apply? https://www.forexfactory.com/thread/...9#post14951299 {image}
i have question,
will you take like example 1h unicorn , but it didnt have any fvg, so we switch to smaller time frame for fvg?
PA Return This Week: 44.5%
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