MTF Engulf / Engulf fail | Page 279 | 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

  • #5,561
  • Dec 9, 2024 5:42am Dec 9, 2024 5:42am
Quoting Inthebox
maybe next year, we can try doing these by opening small account with broker. just maybe. not doing crazy gains but more like 5% per week gain. always start slow. and i am slowing down for year end.
actually i think the more traders are suffering when to hold or when to out.
sometime get out too early causing frustration and chasing market.
sometime hold to long end up market bite back.
and how you control market against you,
How to know it just liquidity sweep and not break out ,
something more about emotion control.
it doesn’t matter you switch to trading small with us, i think we more likely want to learn how you control your trade and when to confident / when to jump out quick.
maybe this just my opinion.
sorry about this long comment.
PA Return Today: 10.2%
  • #5,562
  • Dec 9, 2024 5:53am Dec 9, 2024 5:53am
Quoting Inthebox
maybe next year, we can try doing these by opening small account with broker. just maybe. not doing crazy gains but more like 5% per week gain. always start slow. and i am slowing down for year end.
Quoting LeongPuiy
{quote} actually i think the more traders are suffering when to hold or when to out. sometime get out too early causing frustration and chasing market. sometime hold to long end up market bite back. and how you control market against you, How to know it just liquidity sweep and not break out , something more about emotion control. it doesn’t matter you switch to trading small with us, i think we more likely want to learn how you control your trade and when to confident / when to jump out quick. maybe this just my opinion. sorry about this long comment....
I am in. The opportunity to trade with someone like ITB will be valuable. This hands-on learning experience will also teach us the psychological aspect of trading. The offer is too good to miss.
Success = Practice + Patience + Persistence
  • #5,563
  • Edited 6:12am Dec 9, 2024 6:02am | Edited 6:12am
Quoting fxpider
{quote} Using the above method please share your mapping for EU. H4->h1->m15/m5 Step 1: HTF zone {image} Step 2: define TC in next LTF {image} Then I am not sure
eurusd 1st buy during frankfurt open.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
Click to Enlarge Name: screenshot.png Size: 11 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,564
  • Edited 6:33am Dec 9, 2024 6:21am | Edited 6:33am
Quoting LeongPuiy
{quote} actually i think the more traders are suffering when to hold or when to out. sometime get out too early causing frustration and chasing market. sometime hold to long end up market bite back. and how you control market against you, How to know it just liquidity sweep and not break out , something more about emotion control. it doesn’t matter you switch to trading small with us, i think we more likely want to learn how you control your trade and when to confident / when to jump out quick. maybe this just my opinion. sorry about this long comment....
in view of your situation, first you have to decide how to trade.
1. h4 for set and forget trade, or
2. 2 hrs to spare for 1-2% equity gain.
and stick to it like glue.

actually i think to hold how long or when to exit is not the big problem here.
if use h4 so end in h4 opposite engulf
if use h1 so end in h1 opposite engulf
if use m5 so end i m5 opposite engulf.
but you have adjust your lot size to fix the 1-2% gain. maybe your original m5 eg to eg is too small. so use the next m5 opposite eg level to exit.

from what i see most traders are not able to stack up the htf to ltf eg/ef in reference to current market price.
if one is unable to do this, then the price flow is difficult to see.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,565
  • Dec 9, 2024 6:28am Dec 9, 2024 6:28am
Quoting Inthebox
{quote} in view of your situation, first you have to decide how to trade. 1. h4 for set and forget trade, or 2. 2 hrs to spare for 1-2% equity gain. and stick to it like glue.
So that I am with you on the same page,

1. How many TF should be involved?
2. What would be TF alignment?
3. Preferred entry TF?
4. Risk per trade?
5. SL and TP placement?

Success = Practice + Patience + Persistence
  • #5,566
  • Dec 9, 2024 6:42am Dec 9, 2024 6:42am
Quoting fxpider
{quote} So that I am with you on the same page, 1. How many TF should be involved? 2. What would be TF alignment? 3. Preferred entry TF? 4. Risk per trade? 5. SL and TP placement?
1. 3 tf - direction, trade control, confirmation entry. add one more tf if need to precise entry.
2. no definite fixed time frame because one tf cannot see much, another one can. always move down 1 or 2 tf down from direction tf accordingly by yourself.
3. w1, d1, h4 for direction. h1, m30, m15 for trade control. m15, m5 and below for trade entry.
4. 1% by adjusting lot size with SL distrance.
5. always at fractal swing support/resistant. if the nearest fractal swing not able to satisfy % gain, move to next one level.

so no need to think to hold or not to hold. it is all fixed by % gain and loss.
to BE or not to BE is up to individual trader.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,567
  • Dec 9, 2024 6:49am Dec 9, 2024 6:49am
Quoting Inthebox
{quote} in view of your situation, first you have to decide how to trade. 1. h4 for set and forget trade, or 2. 2 hrs to spare for 1-2% equity gain. and stick to it like glue. actually i think to hold how long or when to exit is not the big problem here. if use h4 so end in h4 opposite engulf if use h1 so end in h1 opposite engulf if use m5 so end i m5 opposite engulf. but you have adjust your lot size to fix the 1-2% gain. maybe your original m5 eg to eg is too small. so use the next m5 opposite eg level to exit. from what i see most traders are...
sometime my mistake is when EG to EG, i may switch other side then fear to re enter to follow the flow.
that why i so admire to see you re enter trade for further move or breakout.
PA Return Today: 10.2%
  • #5,568
  • Dec 9, 2024 6:55am Dec 9, 2024 6:55am
Quoting LeongPuiy
{quote} sometime my mistake is when EG to EG, i may switch other side then fear to re enter to follow the flow. that why i so admire to see you re enter trade for further move or breakout.
and for me its often difficult which eg to choose for direction, and if the direction is wrong then trade control and entry are also.
and which broker to choose to make the analyse?
  • #5,569
  • Dec 9, 2024 6:56am Dec 9, 2024 6:56am
gold on retracement.
we have eg responsible for bos and resistant turned support.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,570
  • Dec 9, 2024 7:02am Dec 9, 2024 7:02am
EU: should this EG be ignored for a trade setup as it did not cause any BoS?

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
Success = Practice + Patience + Persistence
  • #5,571
  • Dec 9, 2024 7:06am Dec 9, 2024 7:06am
Quoting fxpider
EU: should this EG be ignored for a trade setup as it did not cause any BoS? {image}
that's where i would have problems in choosing which eg. Good question.
  • #5,572
  • Dec 9, 2024 7:18am Dec 9, 2024 7:18am
Thank you so much ITB for your precious sharing this thread!
In one post you said that in the post #1 you cited 3 types of engulfing.
But I repeated searching and reading but couldn't find out that.
Is it introduced in the video?
I am sorry to bother you to help direct me for my above-said.
Once again thank you so much!
B.R.
  • #5,573
  • Dec 9, 2024 7:23am Dec 9, 2024 7:23am
Quoting Inthebox
gold on retracement. we have eg responsible for bos and resistant turned support. {image}
let's see.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,574
  • Dec 9, 2024 7:27am Dec 9, 2024 7:27am
Quoting Exciter135
Thank you so much ITB for your precious sharing this thread! In one post you said that in the post #1 you cited 3 types of engulfing. But I repeated searching and reading but couldn't find out that. Is it introduced in the video? I am sorry to bother you to help direct me for my above-said. Once again thank you so much! B.R.
same image as shown in post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,575
  • Dec 9, 2024 7:30am Dec 9, 2024 7:30am
Quoting Inthebox
{quote} let's see. {image}
this setup can't be seen with ICMarkets, SAXO does, PEPPERSTONE does, OANDA does
  • #5,576
  • Dec 9, 2024 7:39am Dec 9, 2024 7:39am
Quoting fxpider
EU: should this EG be ignored for a trade setup as it did not cause any BoS? {image}
drawing is not exact science, i adjust to candle body for eg buy.
also examine what h1 is doing. bos.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,577
  • Dec 9, 2024 7:48am Dec 9, 2024 7:48am
GBPJPY long trade. A nice QM level align with engulf zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m30-QM buy trade.png Size: 25 KB


Another thing I noticed, the engulf zone meets the description of "Manipulation" by Bystra.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-manipulation1.png Size: 16 KB

HTF engulf candle

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h1-manipulation 2.png Size: 18 KB

Middle TF double marubozu

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m30-manipulation 3.png Size: 17 KB

LTF RBR or DBD
Trading is not easy
  • #5,578
  • Dec 9, 2024 7:53am Dec 9, 2024 7:53am
Quoting huskyboy
{quote} this setup can't be seen with ICMarkets, SAXO does, PEPPERSTONE does, OANDA does
i had previously mentioned before that icmarket candles print out the end of 6th minute, not 5th minute and goes on down the line with the rest of the time frames.
have to go to mt4/mt5 to see actual.
just do some adjustments, more than 2% equity gain here.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,579
  • Dec 9, 2024 8:07am Dec 9, 2024 8:07am
Quoting Inthebox
{quote} let's see. {image}
gold buy result.
possible 3.08% equity gain for less than 1 hour in the market.
still thinking of holding longer?
i really do not know what to say if 3.08% return is still not enough to satisfy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
Click to Enlarge Name: screenshot.png Size: 14 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,580
  • Dec 9, 2024 8:57am Dec 9, 2024 8:57am
Quoting Inthebox
{quote} gold buy result. possible 3.08% equity gain for less than 1 hour in the market. still thinking of holding longer? i really do not know what to say if 3.08% return is still not enough to satisfy. {image} {image}
i guess the problem is how many trader dare to enter buy at EG sell area.
PA Return Today: 10.2%
7 traders viewing now