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MTF Engulf / Engulf fail

  • #4,301
  • Aug 9, 2024 11:27pm Aug 9, 2024 11:27pm
Quoting Inthebox
anyone wants to do the coming week analysis? h4 tf and upward.
GU my view still leaning towards sell continuation until 4hr eg broken.
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I am very bad at this storyline and direction. That is where I need help for sure for sure.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,302
  • Aug 10, 2024 12:13am Aug 10, 2024 12:13am
While I am at it, lemme try Gold as well even though I don't trade this.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,303
  • Aug 10, 2024 3:41am Aug 10, 2024 3:41am
Quoting Inthebox
anyone wants to do the coming week analysis? h4 tf and upward.
Next week gold very bullish target 2483, I see 2 scenarios, but I'm strongly with scenario #1 until fail, it fails to me when any daily candle close below 2417 which lead us to scenario 2 and target 2386
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How much you lose when you are wrong?
  • #4,304
  • Aug 10, 2024 4:39am Aug 10, 2024 4:39am
Quoting Inthebox
anyone wants to do the coming week analysis? h4 tf and upward.
I'm still strongly bullish on GU, with a target of 1.29140. I have two scenarios in mind for this week, and I'm strongly in favor Scenario #1 unless it fails. For me, it fails if we see a daily close below 1.27080, which would then shift my focus to Scenario 2, targeting 1.26150.
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How much you lose when you are wrong?
  • #4,305
  • Aug 10, 2024 7:01am Aug 10, 2024 7:01am
"Thank you so much for sharing this information! It’s really helpful."
  • #4,306
  • Aug 10, 2024 1:49pm Aug 10, 2024 1:49pm
wait for the right time and right level to sharpen your trade entry.

https://www.forexfactory.com/thread/...9#post14951299

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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,307
  • Aug 10, 2024 3:12pm Aug 10, 2024 3:12pm
Quoting Inthebox
wait for the right time and right level to sharpen your trade entry. https://www.forexfactory.com/thread/...9#post14951299 https://www.youtube.com/shorts/mScflr8oU90
and what tfr to use for that ICT setup? Thx
  • #4,308
  • Edited 6:35pm Aug 10, 2024 6:19pm | Edited 6:35pm
Quoting huskyboy
{quote} and what tfr to use for that ICT setup? Thx
In this thread we use h4 and above for direction. Those below that for entry.
however i think ict uses m5 and below for entry.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,309
  • Edited 7:18pm Aug 10, 2024 7:07pm | Edited 7:18pm
gbpusd analysis for coming week 12aug.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,310
  • Aug 10, 2024 7:55pm Aug 10, 2024 7:55pm
know the narrative.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,311
  • Aug 11, 2024 8:12am Aug 11, 2024 8:12am
Quoting Inthebox
gbpusd analysis for coming week 12aug. {image}
gbpusd application on friday ny session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,312
  • Aug 11, 2024 9:04am Aug 11, 2024 9:04am
gold analysis for coming week 12aug.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,313
  • Aug 11, 2024 12:46pm Aug 11, 2024 12:46pm
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  • #4,314
  • Aug 11, 2024 12:57pm Aug 11, 2024 12:57pm
GU,
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  • #4,315
  • Aug 11, 2024 1:37pm Aug 11, 2024 1:37pm
Quoting Inthebox
gold analysis for coming week 12aug. {image}
hi
i am looking into posts and trying to followup...!
if u could guide.

q. why u consider the eg of 29 july n not 7 aug.
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  • #4,316
  • Aug 11, 2024 7:36pm Aug 11, 2024 7:36pm
Quoting smd101
{quote} hi i am looking into posts and trying to followup...! if u could guide. q. why u consider the eg of 29 july n not 7 aug. {image}
it's ok to have the eg on 7aug which is the latest.
i drew the eg on 29jul because when i look at the daily chart for analysis, my eyes bring me to a 3 candle swing point where price shot up.
they allow me to tell a story line.
i try to have as few drawings as possible like one eg ef on one time frame, or at most two.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,317
  • Aug 11, 2024 7:50pm Aug 11, 2024 7:50pm
gold asia session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,318
  • Aug 11, 2024 8:00pm Aug 11, 2024 8:00pm
Quoting Inthebox
gold asia session {image}
I see these two point of resistance....!
1h ef
2h ef
weekly pivot also there...!
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  • #4,319
  • Aug 11, 2024 8:57pm Aug 11, 2024 8:57pm
Quoting Inthebox
gold asia session {image}
can you form a story line or narrative of what happened?
what are you now waiting for?
can you apply any of the trade entry technique?
which time frame are you looking at?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,320
  • Aug 11, 2024 9:02pm Aug 11, 2024 9:02pm
Quoting Inthebox
{quote} can you form a story line or narrative of what happened? what are you now waiting for? can you apply any of the trade entry technique? which time frame are you looking at? {image} {image}
Basically looking at the same way you mentioned in the 1st post.
Daily 4h for trend and 1h for entry.

Storyline is its a bull trend seeing the last 2 daily
On the 4h there was an engulf failure on 9th aug. Good support there.
1h entry point as mentioned in previous post. 2424 is the price.

What do u think. Did i got it right...!
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