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MTF Engulf / Engulf fail

  • #4,181
  • Edited 6:17am Aug 2, 2024 6:03am | Edited 6:17am
Quoting LeongPuiy
{quote} 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?
i wouldn't want to speak of the many scenarios that could play out.
there's a h4 unicorn.
it could even be a m1 unicorn within the h1 unicorn later on when new data is added.
main thing is to wait for market open and take the middle portion of the meat.
when you have london consolidation, it is meant for new york to play out.
the new york kill zone just started. see what they kill. maybe that unicorn.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,182
  • Aug 2, 2024 6:22am Aug 2, 2024 6:22am
Quoting Inthebox
{quote} i wouldn't want to speak of the many scenarios that could play out. there's a h4 unicorn. it could even be a m1 unicorn within the h1 unicorn later on when new data is added. main thing is to wait for market open and take the middle portion of the meat. when you have london consolidation, it is meant for new york to play out. the new york kill zone just started. see what they kill. maybe that unicorn. {image}
ok. Thanks
now it playing your 5m chart
PA Return This Week: 44.5%
  • #4,183
  • Aug 2, 2024 6:23am Aug 2, 2024 6:23am
Quoting LeongPuiy
{quote} 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?
A valid unicorn must have two things in the same TF.

  1. An FVG
  2. A Breaker Block (EF)

Success = Practice + Patience + Persistence
  • #4,184
  • Aug 2, 2024 6:41am Aug 2, 2024 6:41am
Thanks to inthebox fxpider clear my question
PA Return This Week: 44.5%
  • #4,185
  • Aug 2, 2024 7:46am Aug 2, 2024 7:46am
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}
alright. last part of journey.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,186
  • Aug 2, 2024 8:24am Aug 2, 2024 8:24am
It looks like 2483 will be history. Will it happen today?
Success = Practice + Patience + Persistence
  • #4,187
  • Aug 2, 2024 8:28am Aug 2, 2024 8:28am
Quoting fxpider
It looks like 2483 will be history. Will it happen today?
it still bullish unicorn and 1h discount.
dxy kind of strong bearish there.
PA Return This Week: 44.5%
  • #4,188
  • Aug 2, 2024 8:29am Aug 2, 2024 8:29am
EU: Two weeks of BEARS are gone in a flash. RIP.

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Success = Practice + Patience + Persistence
  • #4,189
  • Aug 2, 2024 8:46am Aug 2, 2024 8:46am
Quoting LeongPuiy
{quote} it still bullish unicorn and 1h discount. dxy kind of strong bearish there.
question the logic.
why price dropped back down to where it started before the news.
are the news effective?
why price dropped from the top?
what's up there to make it drop?
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,190
  • Edited 9:09am Aug 2, 2024 8:53am | Edited 9:09am
Quoting Inthebox
{quote} question the logic. why price dropped back down to where it started before the news. are the news effective? why price dropped from the top? what's up there to make it drop?
bsl at 18th july up there,
And it drop back sweep the low of the news ,
and for today range discount.
like power of 3 at NY.
correct me if i am wrong

Edit:
for the drop before the news,
i only found there if eg buy and Ef , resistance flip support.
i would like to listen your explanation.
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PA Return This Week: 44.5%
  • #4,191
  • Aug 2, 2024 9:41am Aug 2, 2024 9:41am
Quoting LeongPuiy
{quote} bsl at 18th july up there, And it drop back sweep the low of the news , and for today range discount. like power of 3 at NY. correct me if i am wrong Edit: for the drop before the news, i only found there if eg buy and Ef , resistance flip support. i would like to listen your explanation. {image} {image}
i was bearish based on higher time frame.
the day resistant and day high are the basis that prevented any advance.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,192
  • Aug 2, 2024 9:55am Aug 2, 2024 9:55am
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}
maybe i should frame it up. LOL.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,193
  • Aug 2, 2024 10:25am Aug 2, 2024 10:25am
not trading anymore.
just for fun.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,194
  • Aug 2, 2024 10:34am Aug 2, 2024 10:34am
Quoting Inthebox
{quote} maybe i should frame it up. LOL. {image} {image}
The second part of the sequel is getting ready.

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Success = Practice + Patience + Persistence
  • #4,195
  • Aug 2, 2024 11:45pm Aug 2, 2024 11:45pm
thoughts............... on health and aging.
as we are getting older and weaker each passing day, we have the responsibility of taking care of ourselves for our own good and that of our family members.
we may feel young in our mind but our physical body gives way.
our lives go downhill once we are on the wheelchair.
think about the quality of our:
- sleep
- food
- exercise/activities
invest every day in them, our mobility, retaining our muscle mass, our mental health.
on the mental side, we are already exercising our brain doing trading puzzles almost every day.
make good decisions now.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,196
  • Aug 3, 2024 12:40am Aug 3, 2024 12:40am
Quoting Inthebox
WHAT YOU WANT TO SEE MAY NOT BE WHAT YOU GET. All depending on the last leg up. {image}
Did I do this right?
Direction
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Entry
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,197
  • Aug 3, 2024 2:04am Aug 3, 2024 2:04am
Quoting melord
{quote} Did I do this right? Direction {image} Entry {image}
my comments step by step as you wanted to focus on engulf / engulf fail with the w1/d1/h4 combo.
i had previously recommended that you use the fibonacci to determine the premium and discount market.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,198
  • Aug 3, 2024 2:27am Aug 3, 2024 2:27am
Quoting melord
{quote} Did I do this right? Direction {image} Entry {image}
make use of this weekend to study your favorite pair GBPUSD for the last 2 weeks from 22 jul onward.
you may want to use the w1/d1/h4 combo or the d1/h4/h1 combo or the h4/h1/m15 combo.
to start off here is the w1 chart.
would it be more profitable than what you already did for the past 2 weeks?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,199
  • Aug 3, 2024 2:29am Aug 3, 2024 2:29am
Quoting Inthebox
{quote} my comments step by step as you wanted to focus on engulf / engulf fail with the w1/d1/h4 combo. i had previously recommended that you use the fibonacci to determine the premium and discount market. {image} {image} {image} {image} {image}
Thank you. Sorry to disturb you in your day off.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,200
  • Aug 3, 2024 2:42am Aug 3, 2024 2:42am
Quoting melord
{quote} Thank you. Sorry to disturb you in your day off.
it's ok. i want you to improve. (i am still thinking of the Rolex. LOL)
if you are doing swing trading, use the w1/d1/h4 combo.
if you are doing intraday trading, use the d1/h4/h1 or the h4/h1/m15 combo.
you have to find out what is your personality type for the particular combo that you have chosen.
from what i see, you are doing intraday trading, then you have to do lots of back testing and forward testing.
to see whether d1/h4/h1 or the h4/h1/m15 combo suits you more.
ITB - Seeing Orderliness amongst 'Randomness'
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