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Attachments: MTF Engulf / Engulf fail
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MTF Engulf / Engulf fail

  • #5,061
  • Nov 9, 2024 1:06am Nov 9, 2024 1:06am
Could this be considered a valid buy?The engulf failed on 4th nov..is it vaid for a long
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  • #5,062
  • Nov 9, 2024 7:57am Nov 9, 2024 7:57am
Quoting beejay
Could this be considered a valid buy?The engulf failed on 4th nov..is it vaid for a long {image}
the h1 engulf fail is drawn as shown and is not valid as h1 closed below it.
another h1 perspective provided an earlier entry when h1 closed above h1 eg.
h4 eg provides an entry. however we do not know whether there will be a retest.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,063
  • Nov 10, 2024 6:36am Nov 10, 2024 6:36am
Hello! Can this ingulf be considered as the point of the nearest retest from the current price?correct me if i'm wrong please!
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  • #5,064
  • Nov 10, 2024 7:00am Nov 10, 2024 7:00am
Quoting Inthebox
{quote} the h1 engulf fail is drawn as shown and is not valid as h1 closed below it. another h1 perspective provided an earlier entry when h1 closed above h1 eg. h4 eg provides an entry. however we do not know whether there will be a retest. {image} {image}
clearly explained..

how about this EC..is it a qualified engulf buy
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  • #5,065
  • Nov 10, 2024 8:47am Nov 10, 2024 8:47am
Quoting vikki75
Hello! Can this ingulf be considered as the point of the nearest retest from the current price?correct me if i'm wrong please!{image} 4839186
if you only look at m15, there is also an engulf which m15 has not close below.
if you switch to h1, it is clearly in a range, between support and resistant.
the level that you had drawn is also h1 support.
price is to go there provided it breaks below the consolidation zone.

so nobody knows.
it is all a mater of if price does this, there's a probability that it will do that.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,066
  • Nov 10, 2024 9:13am Nov 10, 2024 9:13am
Quoting beejay
{quote} clearly explained.. how about this EC..is it a qualified engulf buy {image}
it is good if h4 can close above the resistant. as previously it was a zone where price had bounced up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,067
  • Nov 10, 2024 10:38am Nov 10, 2024 10:38am
Quoting Inthebox
{quote} if you only look at m15, there is also an engulf which m15 has not close below. if you switch to h1, it is clearly in a range, between support and resistant. the level that you had drawn is also h1 support. price is to go there provided it breaks below the consolidation zone. so nobody knows. it is all a mater of if price does this, there's a probability that it will do that. {image} {image}
Thank you very much for the explanation, well, let's see how the market opens.
  • #5,068
  • Edited 12:50pm Nov 10, 2024 10:55am | Edited 12:50pm
It seems like on US30 could be good sell opportunity from this ingulf On 1H TF!
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  • #5,069
  • Nov 10, 2024 9:50pm Nov 10, 2024 9:50pm
gold reached h4 eg.
watching m15/m5 mss. or wait for ny mn open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,070
  • Nov 11, 2024 3:12am Nov 11, 2024 3:12am
gold terrible price action for monday.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,071
  • Nov 11, 2024 4:02am Nov 11, 2024 4:02am
Ithebox question to you please!
Can this daily timeframe markup be considered correct Engulf zone setup
and so on I go down to the timeframe below?
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  • #5,072
  • Nov 11, 2024 4:08am Nov 11, 2024 4:08am
Quoting Inthebox
gold terrible price action for monday. {image}
Looks like gold is bouncing off the daytime Engulf zone.
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  • #5,073
  • Nov 11, 2024 4:20am Nov 11, 2024 4:20am
Quoting vikki75
Ithebox question to you please! Can this daily timeframe markup be considered correct Engulf zone setup and so on I go down to the timeframe below? {image}
it happened earlier dropping from engulf fail.
yes. watch ltf price action.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,074
  • Nov 11, 2024 5:10am Nov 11, 2024 5:10am
Quoting Inthebox
gold reached h4 eg. watching m15/m5 mss. or wait for ny mn open. {image}
gold results.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,075
  • Nov 11, 2024 6:48am Nov 11, 2024 6:48am
Quoting fxpider
{quote} Here you go. Freshly downloaded. {file} Thank you @ MouchinFx
This indicator does not work with my MT4 version.Does anyone have the latest version please?TIA
  • #5,076
  • Nov 11, 2024 6:55am Nov 11, 2024 6:55am

  1. US bank holiday
  2. Strong resistance upside

It's unlikely that the existing trend will change in the US session, I quess.

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Success = Practice + Patience + Persistence
  • #5,077
  • Nov 11, 2024 7:15am Nov 11, 2024 7:15am
Quoting sln
{quote} This indicator does not work with my MT4 version.Does anyone have the latest version please?TIA
I wanted to add that I am looking for the MTF engulf indicator.Thank you
  • #5,078
  • Nov 11, 2024 7:26am Nov 11, 2024 7:26am
Quoting sln
{quote} I wanted to add that I am looking for the MTF engulf indicator.Thank you
For some reason, that indicator stopped working. Doing it manually will help you read the market flow better, IMO.
Success = Practice + Patience + Persistence
  • #5,079
  • Nov 11, 2024 7:45am Nov 11, 2024 7:45am
No trade today.
but bearish view.
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PA Return Today: na
  • #5,080
  • Nov 11, 2024 10:05pm Nov 11, 2024 10:05pm
Quoting LeongPuiy
No trade today. but bearish view. {image}
waiting if any reaction for bounce at current Daily EG to daily EF.
PA Return Today: na
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