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MTF Engulf / Engulf fail

  • #5,761
  • Dec 19, 2024 3:16am Dec 19, 2024 3:16am
Quoting LeongPuiy
{quote} i think safer way is wait 30m/1h form tc at cmp. 5/15m for entry, re-entry, not enough strong for be tc. i may wrong. i sometime miss the trend , and went to counter at small tf and always end up bad. i just did at gj and stop out, but luckily i try at small position.
yes believe so, cmp more inportant, but yes i must agree, there was an tc m30
  • #5,762
  • Dec 19, 2024 3:24am Dec 19, 2024 3:24am
Quoting fxpider
{quote} Well, 30m TC is also there. {image}
tc has 2 types.
that is tc for 1st entry which is more risky. the other is cmp tc.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,763
  • Dec 19, 2024 3:56am Dec 19, 2024 3:56am
Quoting Inthebox
{quote} tc has 2 types. that is tc for 1st entry which is more risky. the other is cmp tc.
Well, digging deeper, a CMP TC is actually the CE for a 1st entry TC.
Success = Practice + Patience + Persistence
  • #5,764
  • Dec 19, 2024 4:42am Dec 19, 2024 4:42am
Quoting fxpider
{quote} Well, digging deeper, a CMP TC is actually the CE for a 1st entry TC.
you mean there are two m30 TCs?
one from historical m30 TC and the other is a current m30 TC (also a CE) within or overlapping the historical one?
maybe a chart would clarify.
my understanding is either one as below will do.

maybe can someone point out the video time stamp that king zulfan explained the 1st entry TC.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,765
  • Dec 19, 2024 4:50am Dec 19, 2024 4:50am
Quoting Inthebox
{quote} you mean there are two m30 TCs? one from historical m30 TC and the other is a current m30 TC (also a CE) within or overlapping the historical one? maybe a chart would clarify. my understanding is either one as below will do. maybe can someone point out the video time stamp that king zulfan explained the 1st entry TC. {image} {image}
at 46''in the first video on p1 there's the explanation of the first entry zone
  • #5,766
  • Dec 19, 2024 5:04am Dec 19, 2024 5:04am
Quoting Inthebox
{quote} my view is that h4 is a road block. the bounce started from d1 buy. {image} {image}
gold buy continuation.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,767
  • Dec 19, 2024 5:42am Dec 19, 2024 5:42am
Gj
cmp formed 1h tc,
5m entry , 30-40 pips done.
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PA Return Today: 12.5%
  • #5,768
  • Dec 19, 2024 5:54am Dec 19, 2024 5:54am
Quoting huskyboy
{quote} yes believe so, cmp more inportant, but yes i must agree, there was an tc m30
i prefer cmp form new tc , and it is better the eg cover whole body and wick from previous canlde,
30m/1h.
This just my opinion.
PA Return Today: 12.5%
  • #5,769
  • Dec 19, 2024 6:01am Dec 19, 2024 6:01am
Quoting LeongPuiy
Gj cmp formed 1h tc, 5m entry , 30-40 pips done. {image} {image} {image} {image} {image} {image}
done.
get back what i stop out early.
30 and 90 pips.
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PA Return Today: 12.5%
  • #5,770
  • Dec 19, 2024 6:46am Dec 19, 2024 6:46am
in the 1st chart on TC at the back, it is a normal pullback trade entry.
in the 2nd chart on TC without pullback not clear how trade entry to be done.
this is more so in news trading. probably trade entry in smaller time frame with eg without any pullback.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,771
  • Dec 19, 2024 7:12am Dec 19, 2024 7:12am
Quoting Inthebox
in the 1st chart on TC at the back, it is a normal pullback trade entry. in the 2nd chart on TC without pullback not clear how trade entry to be done. this is more so in news trading. probably trade entry in smaller time frame with eg without any pullback. {image} {image}
current gold did the same second pic,
30m/1h tc formed but no retest.
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PA Return Today: 12.5%
  • #5,772
  • Dec 19, 2024 7:22am Dec 19, 2024 7:22am
Quoting LeongPuiy
{quote} current gold did the same second pic, 30m/1h tc formed but no retest. {image} {image}
tested in m15 tc
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,773
  • Edited 8:41am Dec 19, 2024 7:42am | Edited 8:41am
Quoting Inthebox
{quote} tested in m15 tc {image}
noted.
last trade from uj for today.
1h tc and 5m entry


edit:
itchy hand .
stop out gj.
no more trade for today
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PA Return Today: 12.5%
  • #5,774
  • Dec 19, 2024 9:43am Dec 19, 2024 9:43am
uj buy on us gdp news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,775
  • Dec 19, 2024 7:04pm Dec 19, 2024 7:04pm
Quoting Inthebox
in the 1st chart on TC at the back, it is a normal pullback trade entry. in the 2nd chart on TC without pullback not clear how trade entry to be done. this is more so in news trading. probably trade entry in smaller time frame with eg without any pullback. {image} {image}
IMO, it is a critical observation that was put down very nicely.

The 1st chart depicts what I meant to say in my earlier post.
Quoting fxpider
{quote} Well, digging deeper, a CMP TC is actually the CE for a 1st entry TC.
A CMP TC is also a CE when formed in a historical TC / 1st entry TC, provided that both the TCs are in the same TF.

For the 2nd chart, I guess we need to have an LTF CE ---> LTF EG (high-risk CE) or LTF EG+ LTF EF (Low-risk CE)

Please correct me, if I am missing something here until I revisit the video.
Success = Practice + Patience + Persistence
  • #5,776
  • Dec 19, 2024 7:23pm Dec 19, 2024 7:23pm
Miss this.
too bad
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PA Return Today: 12.5%
  • #5,777
  • Dec 19, 2024 7:33pm Dec 19, 2024 7:33pm
Quoting LeongPuiy
Miss this. too bad {image} {image}
I was in. Anyway, It hasn't reached its destination yet. So watch out for the pullback opportunity.

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Success = Practice + Patience + Persistence
  • #5,778
  • Dec 19, 2024 8:11pm Dec 19, 2024 8:11pm
Quoting fxpider
{quote} I was in. Anyway, It hasn't reached its destination yet. So watch out for the pullback opportunity. {image}
beware discount price.
I was thinking short for that 50% only,
i miss it due to day job,
i not full time trader.
the zone was mark but can’t watch it at that time.

but still possible to 4h EG for continuation uptrend.
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PA Return Today: 12.5%
  • #5,779
  • Dec 19, 2024 8:23pm Dec 19, 2024 8:23pm
Have you heard of Candlestick Math? It's another way to consider candlesticks.
  • #5,780
  • Dec 19, 2024 8:27pm Dec 19, 2024 8:27pm
Quoting LeongPuiy
{quote} beware discount price. I was thinking short for that 50% only, i miss it due to day job, i not full time trader. the zone was mark but can’t watch it at that time. but still possible to 4h EG for continuation uptrend. {image}
Done and dusted. Pullback entry got me 55+ pips. Lucky day.

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Success = Practice + Patience + Persistence
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