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MTF Engulf / Engulf fail

  • #4,401
  • Aug 16, 2024 3:10am Aug 16, 2024 3:10am
Quoting Inthebox
an expansion move. if the news is unfavorable the drop will be limited. {image}
from yesterday us news.
balance BE targetting yesterday high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,402
  • Aug 16, 2024 5:13am Aug 16, 2024 5:13am
Quoting Inthebox
{quote} from yesterday us news. balance BE targetting yesterday high. {image}
I still holding for tp 2470 too.
PA Return Today: na
  • #4,403
  • Aug 16, 2024 6:57am Aug 16, 2024 6:57am
Quoting LeongPuiy
{quote} I still holding for tp 2470 too.
i am done.
PA Return Today: na
  • #4,404
  • Aug 16, 2024 10:21am Aug 16, 2024 10:21am
Quoting Inthebox
{quote} from yesterday us news. balance BE targetting yesterday high. {image}
closed all longs.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,405
  • Aug 16, 2024 10:29am Aug 16, 2024 10:29am
Quoting Inthebox
gold analysis for coming week 12aug. {image}
refer to beginning of week anaysis.
highest target achieved.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,406
  • Aug 16, 2024 2:19pm Aug 16, 2024 2:19pm
1 win for buy and 1 BE for sell. I didn't expect that the price will break to the upside STILL. Good thing I set my SL to BE on my sell trade.
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  • #4,407
  • Aug 16, 2024 11:05pm Aug 16, 2024 11:05pm
Quoting Inthebox
{quote} refer to beginning of week anaysis. highest target achieved. {image}
still pretty strong uptrend
was think buy again at 248x but is late and last day of the week.
but still hit 5% profit this week.
no greed.
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PA Return Today: na
  • #4,408
  • Aug 17, 2024 4:43am Aug 17, 2024 4:43am
there is nothing much to say for coming week 19aug.
we are at all time high and there is no target above to reach for.
will see next 2 days of data to decide.
red news only on thursday and friday.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,409
  • Aug 17, 2024 8:06am Aug 17, 2024 8:06am
trade the right way. wait for displacement and pullback. do not over complicate.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,410
  • Aug 18, 2024 10:49am Aug 18, 2024 10:49am
a review on friday.
it was a big bullish candle but yet many traders having problems to make long entries during intra day.
using mtf analysis for engulf, support and resistant.
if we cannot make a narrative out of every time frames, it only means that our thinking is not clear enough
or there is no conviction to take a trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,411
  • Aug 18, 2024 12:04pm Aug 18, 2024 12:04pm
ICT 2024 Mentorship \ Lecture #5 August 9
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,412
  • Edited Aug 19, 2024 4:40am Aug 18, 2024 9:26pm | Edited Aug 19, 2024 4:40am
asia open.
are you able to write a narrative in each time frames?
with updates ................
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,413
  • Aug 18, 2024 10:23pm Aug 18, 2024 10:23pm
Quoting Inthebox
asia open. are you able to write a narrative in each time frames? update ................ {image} {image}
My narrative is:
ATH (the target) was achieved, and the HTF structure is still bullish. Now the market can do two things before delivering a higher price

  1. offer a fair value
  2. Look for liquidity

In either case, I guess, ~2475 is calling

Success = Practice + Patience + Persistence
  • #4,414
  • Aug 18, 2024 10:47pm Aug 18, 2024 10:47pm
Quoting fxpider
{quote} My narrative is: ATH (the target) was achieved, and the HTF structure is still bullish. Now the market can do two things before delivering a higher price offer a fair value Look for liquidity In either case, I guess, ~2475 is calling
ok. so now you do not find any narrative in each mtf time frames to trade during asia open, which is also good.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,415
  • Aug 18, 2024 10:48pm Aug 18, 2024 10:48pm
Quoting Inthebox
asia open. are you able to write a narrative in each time frames? with updates ................ {image} {image} {image}
Unicorn within a Unicorn. Let's see if this characteristic makes it stronger.

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Success = Practice + Patience + Persistence
  • #4,416
  • Aug 18, 2024 11:07pm Aug 18, 2024 11:07pm
Quoting Inthebox
{quote} ok. so now you do not find any narrative in each mtf time frames to trade during asia open, which is also good.
Doesn't the term "Narrative" refer to "how and from where the price could be delivered to the target within the context"? Please correct me, if I misunderstood it.

I expect the price to return to ~2475 (target) as a retracement before pushing the price higher (context), and the above unicorn was the narrative.
Success = Practice + Patience + Persistence
  • #4,417
  • Edited 11:30pm Aug 18, 2024 11:19pm | Edited 11:30pm
Quoting fxpider
{quote} Doesn't the term "Narrative" refer to "how and from where the price could be delivered to the target within the context"? Please correct me, if I misunderstood it. I expect the price to return to ~2475 (target) as a retracement before pushing the price higher (context), and the above unicorn was the narrative.
to me the mtf narratives are giving the 'whole' picture of what is happening in a top down down flow.
not only from the smaller time frames, not knowing what htf is doing.
for example, each time frame i have something to say.
d1 there is no reference point for me to say anything.
h4 a bearish engulf candle alerts me to wait further down the lower time frames.
h1 was at the premium market with a resistant during the asia range.
m15 unicorn.

in other words what other higher time frames are saying other than m15 and m1 unicorn is saying to watch out for a trade trigger.
are htf giving the support to this unicorn to work out. because many unicorns can also be formed along the way. bearish and bullish. not all will work out.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,418
  • Aug 18, 2024 11:42pm Aug 18, 2024 11:42pm
Quoting Inthebox
asia open. are you able to write a narrative in each time frames? with updates ................ {image} {image} {image} {image}
i shall update from time to time.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,419
  • Aug 19, 2024 4:32am Aug 19, 2024 4:32am
took the bsl.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,420
  • Aug 19, 2024 6:56am Aug 19, 2024 6:56am
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