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MTF Engulf / Engulf fail

  • #5,601
  • Dec 10, 2024 1:11am Dec 10, 2024 1:11am
Salam,
I'm little confused with your marking of H1 sell? I tried to replicate your h1 box... the candle that you have marked seems to be in no man's land and I'm lost. Would you be kind enough to point my mistake please.
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  • #5,602
  • Edited 2:00am Dec 10, 2024 1:15am | Edited 2:00am
Quoting Inthebox
{quote} usdjpy returned to h1 sell. price returned to m5 sell trade control. price returned to m1 sell confirmation entry. 7.95% equity gain in less than 30 minutes. thank you sir. the trip up north next week to Malacca fully paid for. enough for me today. back tomorrow. {image}
nice trade.
and always closed for win
It formed unicorn /QM there.
let’s see will it drop to 4h buy or stop here 4h EF for up.


edit: holding too long. Stop out.
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PA Return This Week: 39.2%
  • #5,603
  • Dec 10, 2024 2:20am Dec 10, 2024 2:20am
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this could have been my LO trade
  • #5,604
  • Dec 10, 2024 3:59am Dec 10, 2024 3:59am
@inthebox

i think i got your idea now,
but need to practise more and no greedy,
the one trade that win is close , not hold.
my bad habit is like to hold, cause i not play big lot and the money running sometime, my greed over me , to hold for bigger tp.
Recently kind of frustrated because has a period i am winning streak and always close and no greedy,
but once i try to be swing and aim for bigger tp,
it always bite back and make me chase the market and lose more.
the example you show early for gold and uj , and explanation was very detail and easy to understand,
but now is practice time.
i will do small lot and practice first.
once again, thank you very much for your lesson and time enjoy your coming holiday
PA Return This Week: 39.2%
  • #5,605
  • Dec 10, 2024 4:09am Dec 10, 2024 4:09am
Quoting LeongPuiy
@inthebox i think i got your idea now,
understand why it is difficult to trade when 2 opposing engulfs are close together.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,606
  • Dec 10, 2024 4:27am Dec 10, 2024 4:27am
why trade at difficult level where the opposing engulfs are mixed up together? let them fight it out.
find a level that is easier to trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,607
  • Dec 10, 2024 4:56am Dec 10, 2024 4:56am
Quoting HowdyHow
Salam, I'm little confused with your marking of H1 sell? I tried to replicate your h1 box... the candle that you have marked seems to be in no man's land and I'm lost. Would you be kind enough to point my mistake please. {image}
my comments in the chart.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,608
  • Dec 10, 2024 5:00am Dec 10, 2024 5:00am
@ITB,

Will a TC still be valid after causing a CE? How many CE off a TC will make it weak or invalid?
Success = Practice + Patience + Persistence
  • #5,609
  • Dec 10, 2024 5:15am Dec 10, 2024 5:15am
Quoting fxpider
@ITB, Will a TC still be valid after causing a CE? How many CE off a TC will make it weak or invalid?
I don't understand. Show a chart.
Going out.
I answer when i come back around nyse open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,610
  • Edited 6:11am Dec 10, 2024 5:24am | Edited 6:11am
Quoting Inthebox
{quote} I don't understand. Show a chart. Going out. I answer when i come back around nyse open.
It was a hypothetical query. I could not find a proper chart example. Please see the following schematic view.

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After the CE, if the price revisits the TC multiple times and every time it gives a CE without violating the TC zone:

  1. Are we allowed to take a position on every occasion?
  2. Will this kind of PA make the TC weaker?
  3. How many revisits will make it invalid?

Success = Practice + Patience + Persistence
  • #5,611
  • Dec 10, 2024 8:48am Dec 10, 2024 8:48am
Quoting fxpider
{quote} It was a hypothetical query. I could not find a proper chart example. Please see the following schematic view. {image} After the CE, if the price revisits the TC multiple times and every time it gives a CE without violating the TC zone: Are we allowed to take a position on every occasion? Will this kind of PA make the TC weaker? How many revisits will make it invalid?
a bit similar question here.
https://www.forexfactory.com/thread/...5#post15081675

keep at 2 time returns, 3 time returns maximum for sell and zone will become weaker
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,612
  • Dec 10, 2024 8:49am Dec 10, 2024 8:49am
4h to 4h zone,
4h closed bullish EG, but price didnt retest new 4h buy,
30m buy , and nyse open for retest ,
5m ce.

just try apply step by step from ITB morning advices.
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PA Return This Week: 39.2%
  • #5,613
  • Dec 10, 2024 9:02am Dec 10, 2024 9:02am
gold may be going for for top resistant in time for cpi news
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,614
  • Dec 10, 2024 9:18am Dec 10, 2024 9:18am
Quoting HowdyHow
Salam, I'm little confused with your marking of H1 sell? I tried to replicate your h1 box... the candle that you have marked seems to be in no man's land and I'm lost. Would you be kind enough to point my mistake please. {image}
Hi! I understand the confusion. When marking the H1 sell, make sure the candle is near a key support or resistance level and shows clear price action (like a bearish engulfing or rejection). If it's in the middle of nowhere, it might not be the right setup.
Also, check higher timeframes (H4, D1) for trend confirmation. If you're still unsure, feel free to share a screenshot, and I’ll take a closer look!
Hope this helps!
  • #5,615
  • Edited 9:53am Dec 10, 2024 9:43am | Edited 9:53am
Quoting Inthebox
{quote} understand why it is difficult to trade when 2 opposing engulfs are close together. {image}
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why buying gold against a daily bearish eg? I understand the continuation entry but i don't understand the reasoning behind the buy?
  • #5,616
  • Dec 10, 2024 10:14am Dec 10, 2024 10:14am
Quoting huskyboy
{quote} {image}why buying gold against a daily bearish eg? I understand the continuation entry but i don't understand the reasoning behind the buy?
d1 buy until you see a h4 or h1 sell inside d1 sell.
you see the sell time frames have to align also, in order to drop.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,617
  • Dec 10, 2024 11:37am Dec 10, 2024 11:37am
Quoting Inthebox
{quote} d1 buy until you see a h4 or h1 sell inside d1 sell. you see the sell time frames have to align also, in order to drop. {image}
thank you, makes it clear.
  • #5,618
  • Dec 10, 2024 6:59pm Dec 10, 2024 6:59pm
UJ 4h mapping.
still early to tell before CPI
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PA Return This Week: 39.2%
  • #5,619
  • Dec 10, 2024 8:42pm Dec 10, 2024 8:42pm
Quoting LeongPuiy
UJ 4h mapping. still early to tell before CPI {image}
what does the bigger picture paints?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,620
  • Dec 10, 2024 8:50pm Dec 10, 2024 8:50pm
Quoting Inthebox
gold may be going for for top resistant in time for cpi news {image}
gold qm road block.
if there is no h1 sell, journey up likely to continue.
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ITB - Seeing Orderliness amongst 'Randomness'
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