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MTF Engulf / Engulf fail

  • #5,181
  • Nov 17, 2024 8:08am Nov 17, 2024 8:08am
Quoting normeck01
Miss this one ...{image}
you do not sell just by looking at h1eg.
what was the narrative before this sell?
what were the htf eg/ef that back up and support this h1 eg sell?

there's no w1 or d1 supporting this sell.
h4 there was.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,182
  • Nov 17, 2024 8:17am Nov 17, 2024 8:17am
Quoting normeck01
Miss this one ...{image}
now look at the zone where you had indicated the h1 eg sell.
using m30.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,183
  • Nov 17, 2024 8:31am Nov 17, 2024 8:31am
Quoting Inthebox
{quote} now look at the zone where you had indicated the h1 eg sell. using m30. {image}
now you even can switch down 1 or 2 ltf when price entered the m30 zone.
however, as you would have noticed, the lower the time frames the more opportunities, which always go along with more risky.

in other words, you have to find your own style, comfort and time frames to trade.
how risk adverse are you? how muck risk can you afford to take? yours and mine can never be the same.
that is why how i trade can never be the same as anyone else.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,184
  • Nov 17, 2024 9:26am Nov 17, 2024 9:26am
now we are at a place where the red and blue fight it out.
price had broken a support and testing it.
px had bounced up from m15 eg buy and cmp is at m15 eg sell.
i reckon that tp2 is harder to reach.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,185
  • Nov 17, 2024 5:43pm Nov 17, 2024 5:43pm
Quoting Inthebox
now we are at a place where the red and blue fight it out. price had broken a support and testing it. px had bounced up from m15 eg buy and cmp is at m15 eg sell. i reckon that tp2 is harder to reach. {image}
the closeness of the red and blue boxes resulted in some ranging.
however both targets were achieved.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,186
  • Nov 17, 2024 6:00pm Nov 17, 2024 6:00pm
gold. draw your own ltf refining.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,187
  • Nov 17, 2024 7:35pm Nov 17, 2024 7:35pm
Quoting Inthebox
how to survive this kind of price action. even so 70 pips move a few times. i think that it is a spring board to go higher. nearest target is previous new york high. {image}
new york session trades. spring board to go higher.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,188
  • Nov 17, 2024 8:21pm Nov 17, 2024 8:21pm
EJ @ a POI.

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Success = Practice + Patience + Persistence
  • #5,189
  • Edited 9:33pm Nov 17, 2024 9:08pm | Edited 9:33pm
Quoting fxpider
EJ @ a POI. {image}
cmp between red blue zones fight. no m30 set up to sell yet.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,190
  • Nov 17, 2024 9:21pm Nov 17, 2024 9:21pm
Quoting Inthebox
{quote} {image}
Ranging between Tokyo OPEN and 4H S/R. BOJ seems to be hawkish.
Success = Practice + Patience + Persistence
  • #5,191
  • Nov 17, 2024 9:29pm Nov 17, 2024 9:29pm
GOLD: NY mid-night open will be interesting.
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Success = Practice + Patience + Persistence
  • #5,192
  • Nov 17, 2024 11:23pm Nov 17, 2024 11:23pm
Quoting Inthebox
{quote} cmp between red blue zones fight. no m30 set up to sell yet. {image} {image} {image}
eurjpy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,193
  • Nov 17, 2024 11:41pm Nov 17, 2024 11:41pm
gold
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,194
  • Nov 18, 2024 12:54am Nov 18, 2024 12:54am
Quoting Inthebox
gold {image}
gold
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,195
  • Nov 18, 2024 12:57am Nov 18, 2024 12:57am
Quoting Inthebox
{quote} eurjpy {image}
eurjpy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,196
  • Nov 18, 2024 1:15am Nov 18, 2024 1:15am
Typical MONDAY price action without any commitment.
Success = Practice + Patience + Persistence
  • #5,197
  • Nov 18, 2024 1:20am Nov 18, 2024 1:20am
Quoting fxpider
Typical MONDAY price action without any commitment.
not even london open yet. expected due to no red US news today.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,198
  • Nov 18, 2024 1:34am Nov 18, 2024 1:34am
Quoting Inthebox
{quote} not even london open yet. expected due to no red US news today.
Morning shows the day, hopefully not today.
Success = Practice + Patience + Persistence
  • #5,199
  • Edited 3:41am Nov 18, 2024 3:12am | Edited 3:41am
Quoting Inthebox
{quote} eurjpy {image}
this ej long would be good enough.
update: asia high target hit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,200
  • Nov 18, 2024 3:32am Nov 18, 2024 3:32am
Quoting Inthebox
{quote} this ej long would be good enough. {image}
I did not take the trade, so messy for me. Did you?
Success = Practice + Patience + Persistence
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