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MTF Engulf / Engulf fail

  • #4,481
  • Aug 23, 2024 2:31am Aug 23, 2024 2:31am
Quoting huskyboy
{image} but the h4/h1 shows a descending trendline end bearish engulfings; how to deal with these?
deal with that by watching price action.
it is not going down unless you see a h1 bearish retest.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,482
  • Aug 23, 2024 2:33am Aug 23, 2024 2:33am
Quoting huskyboy
{quote} aren't we in bearish conditions?
Like conditions, the levels can also be categorized as bullish/bearish. So, it all depends on the TF and the levels that you are looking at. It's all about probability. Stack up all the possible arguments and then take a side.

Bullish conditions:
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Bearish Levels:
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Success = Practice + Patience + Persistence
  • #4,483
  • Aug 23, 2024 2:35am Aug 23, 2024 2:35am
saw this somewhere.

Learning is not something that happens automatically.
Learning is a series of processes that we have to deliberately engage in.
Great learners are ones that have a lot of great processes and
bad learners are ones that are either not engaging in enough processes or wasting time with the wrong processes.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,484
  • Aug 23, 2024 2:47am Aug 23, 2024 2:47am
Quoting fxpider
{quote} Like conditions, the levels can also be categorized as bullish/bearish. So, it all depends on the TF and the levels that you are looking at. It's all about probability. Stack up all the possible arguments and then take a side. Bullish conditions: {image} Bearish Levels: {image}
yep, combining it all makes it so difficult
  • #4,485
  • Aug 23, 2024 2:48am Aug 23, 2024 2:48am
Quoting Inthebox
saw this somewhere. Learning is not something that happens automatically. Learning is a series of processes that we have to deliberately engage in. Great learners are ones that have a lot of great processes and bad learners are ones that are either not engaging in enough processes or wasting time with the wrong processes.
then i suppose i am a bad learner
  • #4,486
  • Aug 23, 2024 2:56am Aug 23, 2024 2:56am
Quoting huskyboy
{quote} then i suppose i am a bad learner
no, not particularly at anyone.
this is for all to learn including myself.
we are all at different levels of learning until the day we can see a naked chart clearly without any indications and be able to interpret it.

it is ironic that sometimes we see people quoting KISS. of course it is more simple and easier for one that had gone through years of hard works.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,487
  • Aug 23, 2024 4:57am Aug 23, 2024 4:57am
Quoting Inthebox
{quote} price action. {image}
another one to watch
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,488
  • Aug 23, 2024 5:44am Aug 23, 2024 5:44am
I can see a QM. Possibility of a reversal?

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Success = Practice + Patience + Persistence
  • #4,489
  • Aug 23, 2024 7:16am Aug 23, 2024 7:16am
Quoting Inthebox
{image}
unicorn results
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,490
  • Aug 23, 2024 7:23am Aug 23, 2024 7:23am
Quoting Inthebox
{quote} unicorn results {image}
How unicorn know that Powell will speak Gold and Indexes up a lot in 30 minutes ?
Last 15min candles is all Powell.
I might be wrong , I have been wrong before
  • #4,491
  • Aug 23, 2024 7:53am Aug 23, 2024 7:53am
Quoting Mandariin
{quote} How unicorn know that Powell will speak Gold and Indexes up a lot in 30 minutes ? Last 15min candles is all Powell.
there are always alternative ways to look at price.
built up footprints left behind.
from the resistant support flip onwards candles closing above previous.
only one red candle paused before powell's speech.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,492
  • Aug 25, 2024 6:50am Aug 25, 2024 6:50am
a review of reversal on last thursday and friday.

LTF external and internal liquidity = HTF external and internal liquidity.
we are basically looking for the same happenings in LTF as in HTF.

do you know that the appearance of ifvg and fvg (internal liquidity) is a trend continuation after a SSL BSL (external liquidty) appearance.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,493
  • Aug 25, 2024 6:59am Aug 25, 2024 6:59am
Exercise.
using MTF Engulf / Engulf Fail
can you see the same happenings as the above post?
which one suits your eyes better?
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,494
  • Aug 25, 2024 7:05am Aug 25, 2024 7:05am
what to do for the coming week with a weekly doji indecision???
a reversal or a continuation or a retracement?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,495
  • Aug 25, 2024 7:24am Aug 25, 2024 7:24am
Quoting Inthebox
what to do for the coming week with a weekly doji indecision??? a reversal or a continuation or a retracement? {image}
My bias is continuation, let's see how Monday closes.

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Success = Practice + Patience + Persistence
  • #4,496
  • Aug 25, 2024 3:42pm Aug 25, 2024 3:42pm
Quoting Inthebox
Exercise. using MTF Engulf / Engulf Fail can you see the same happenings as the above post? which one suits your eyes better?
I can see the pure MTF EG/EF easier (and I focus on H4/m30 with m5/m15 confirmation entry), but I like how the ICT concepts add confluence and a clearer way of viewing the markets. Still learning!

https://www.tradingview.com/x/3iJ3SnYf/
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  • #4,497
  • Aug 25, 2024 6:27pm Aug 25, 2024 6:27pm
Quoting Huber
{quote} I can see the pure MTF EG/EF easier (and I focus on H4/m30 with m5/m15 confirmation entry), but I like how the ICT concepts add confluence and a clearer way of viewing the markets. Still learning! https://www.tradingview.com/x/3iJ3SnYf/ {image}
from post 1 (3) rule.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,498
  • Aug 25, 2024 6:34pm Aug 25, 2024 6:34pm
quite confident that price will gravitate to the smooth relative equal highs as target.
why? because retail traders who sold would have thought that a strong resistant had been formed and placed the stop loss above.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,499
  • Aug 25, 2024 9:38pm Aug 25, 2024 9:38pm
forward testing.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,500
  • Aug 26, 2024 12:18am Aug 26, 2024 12:18am
Quoting Inthebox
forward testing. {image}
result
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ITB - Seeing Orderliness amongst 'Randomness'
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