MTF Engulf / Engulf fail | Page 267 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Engulf Bar Trading Journal 19 replies

MPE - Momentum, Pullback, Engulf 33 replies

Trade management - moving stops to BE+ after opposing engulf 2 replies

Engulf Alert Indicator 1 reply

MTF Stochastics into MTF Stoch Histogram 8 replies

Attachments: MTF Engulf / Engulf fail
Exit Attachments

MTF Engulf / Engulf fail

  • #5,321
  • Edited 10:58pm Nov 24, 2024 10:45pm | Edited 10:58pm
Quoting xiaotiao
{image} Would like to hear opinions from you guys, if the OB has been mitigated, once it broken still can be considered as breaker block? would you guys consider DBD as an engulf zone too? Do you guys consider FVG too when compare with engulf zone?
it's a breaker block but in h4 there's no fvg around the same level. fvg was below.
it was a drop base drop. so this was a snr continuous pattern.
however the unicorn appeared in m30 and d1.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,322
  • Nov 25, 2024 2:03am Nov 25, 2024 2:03am
Quoting Inthebox
{quote} the big drop required that the mapping to be redrawn. does not matter since we are following direction and retracement set up. could be manipulation as is normal for gold to do that. {image}
gold current status with road blocks.
london open.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,323
  • Nov 25, 2024 3:14am Nov 25, 2024 3:14am
Quoting Inthebox
{quote} gold current status with road blocks. london open. {image}
the safer way to long is to wait 30m /1h close above this roadblock right?
then we look for 1/5/15m fvg with OB to long.
PA Return Today: 0.3%
  • #5,324
  • Nov 25, 2024 4:10am Nov 25, 2024 4:10am
Quoting LeongPuiy
{quote} the safer way to long is to wait 30m /1h close above this roadblock right? then we look for 1/5/15m fvg with OB to long.
there are many ways to long as there are various scenarios.
you can do what you had mentioned. sometimes price does not retrace to fvg.
you can also cost averaging by splitting into various smaller size entries. say one above m30 eg.
if there is retracement after ward, you can refine entry from m15/m5 eg/ef.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,325
  • Nov 25, 2024 5:21am Nov 25, 2024 5:21am
Quoting Inthebox
{quote} there are many ways to long as there are various scenarios. you can do what you had mentioned. sometimes price does not retrace to fvg. you can also cost averaging by splitting into various smaller size entries. say one above m30 eg. if there is retracement after ward, you can refine entry from m15/m5 eg/ef.
didnt catch it.
Hesitate too long time to buy and it up.
if it can retest at pre NY or Ny session, i will try long it。
Thank for your advice
PA Return Today: 0.3%
  • #5,326
  • Nov 25, 2024 5:49am Nov 25, 2024 5:49am
Quoting LeongPuiy
{quote} the safer way to long is to wait 30m /1h close above this roadblock right? then we look for 1/5/15m fvg with OB to long.
Quoting Inthebox
{quote} there are many ways to long as there are various scenarios. you can do what you had mentioned. sometimes price does not retrace to fvg. you can also cost averaging by splitting into various smaller size entries. say one above m30 eg. if there is retracement after ward, you can refine entry from m15/m5 eg/ef.
A combination of both will give you a significant edge, IMO.
Success = Practice + Patience + Persistence
  • #5,327
  • Nov 25, 2024 6:10am Nov 25, 2024 6:10am
Quoting LeongPuiy
{quote} didnt catch it. Hesitate too long time to buy and it up. if it can retest at pre NY or Ny session, i will try long it。 Thank for your advice
that's why i said sometimes price decide a momentum run up, there was no retrace like in m30.
however in m15 after breaking ef there was a retracement to eg for entry.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,328
  • Nov 25, 2024 6:10am Nov 25, 2024 6:10am
Quoting Inthebox
{quote} there are many ways to long as there are various scenarios. you can do what you had mentioned. sometimes price does not retrace to fvg. you can also cost averaging by splitting into various smaller size entries. say one above m30 eg. if there is retracement after ward, you can refine entry from m15/m5 eg/ef.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold trade 25112024.png Size: 16 KB

fisrt entry close above m30 eg, stopped out; second entry m5 ef/eg entry, third entry again close above m30 eg, tp at h1 ef.
Thx ITB for guidance!
  • #5,329
  • Nov 25, 2024 6:23am Nov 25, 2024 6:23am
I didn't have the heart to see through the level.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 37 KB
Success = Practice + Patience + Persistence
  • #5,330
  • Nov 25, 2024 8:22am Nov 25, 2024 8:22am
gave back half profit of today.
it dump
PA Return Today: 0.3%
  • #5,331
  • Nov 25, 2024 8:32am Nov 25, 2024 8:32am
Gold, another unicorn sell trade again. Too bad I missed the trade
Attached Image (click to enlarge)
Click to Enlarge Name: gold-m15-xm-unicorn sell.png Size: 22 KB
Trading is not easy
  • #5,332
  • Nov 25, 2024 8:34am Nov 25, 2024 8:34am
Quoting Inthebox
{quote} gold current status with road blocks. london open. {image}
gold. do not know what happened.
somehow i forgot to put on SL but more than covered for.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
Click to Enlarge Name: screenshot.png Size: 8 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,333
  • Nov 25, 2024 8:39am Nov 25, 2024 8:39am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m15-xm-fake out sell.png Size: 22 KB
Trading is not easy
  • #5,334
  • Nov 25, 2024 8:42am Nov 25, 2024 8:42am
probably gold dropped because of this.
https://www.forexlive.com/news/israe...port-20241125/
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,335
  • Nov 25, 2024 9:30am Nov 25, 2024 9:30am
watch
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,336
  • Nov 25, 2024 6:01pm Nov 25, 2024 6:01pm
EURUSD sell trade. No news but a big drop just now.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20241126_075538.jpg Size: 470 KB
Trading is not easy
  • #5,337
  • Nov 25, 2024 6:32pm Nov 25, 2024 6:32pm
Got some morning GOLD rush.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
Success = Practice + Patience + Persistence
  • #5,338
  • Nov 25, 2024 7:45pm Nov 25, 2024 7:45pm
Quoting fxpider
Got some morning GOLD rush. {image}
i wathcing this area for support
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1039.jpeg Size: 776 KB
PA Return Today: 0.3%
  • #5,339
  • Nov 25, 2024 7:59pm Nov 25, 2024 7:59pm
Quoting LeongPuiy
{quote} i wathcing this area for support {image}
Watch out for these two roadblocks.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Success = Practice + Patience + Persistence
  • #5,340
  • Nov 25, 2024 9:11pm Nov 25, 2024 9:11pm
Quoting fxpider
{quote} Watch out for these two roadblocks. {image}
i worry about the news ytd ,
it said deal for today?
PA Return Today: 0.3%
6 traders viewing now