Attachments: MTF Engulf / Engulf fail

MTF Engulf / Engulf fail

#5,781
Dec 19, 2024 6:30pm Dec 19, 2024 6:30pm

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting Th3W1z4rd

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Have you heard of Candlestick Math? It's another way to consider candlesticks.

Ignored

Please enlighten us.

Success = Practice + Patience + Persistence

#5,782
Dec 19, 2024 6:46pm Dec 19, 2024 6:46pm

Th3W1z4rd
Joined Dec 2024 | Status: Trader | 872 Posts

Quoting fxpider

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{quote} Please enlighten us.

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It's just a way to understand candlestick charts. Each candle shows where the price started (open), how high and low it went, and where it ended (close). To combine candles, take the open price from the first one, the close price from the last one, and the highest and lowest prices from all of them. The result will be one of three types: a bullish candle (price went up), a bearish candle (price went down), or a neutral candle like a doji (price stayed about the same). Sometimes, it might look like a hammer or inverted hammer, which have small bodies and long wicks and can mean the trend might change. It makes it easier to spot patterns.

#5,783
Dec 19, 2024 7:31pm Dec 19, 2024 7:31pm

Inthebox
Joined Jun 2010 | Status: Trader | 16,699 Posts

let's post before it happens.
to monitor gold tc for ce buy.

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ITB - Seeing Orderliness amongst 'Randomness'

#5,784
Dec 19, 2024 7:34pm Dec 19, 2024 7:34pm

LeongPuiy
Joined Sep 2018 | Status: Trader | 11,178 Posts | Online Now

Quoting fxpider

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{quote} Done and dusted. Pullback entry got me 55+ pips. Lucky day. {image}

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nice

i will wait,
but at the meantime collect more data from set up and strategy, and read chart / PA.

it reached EF ,
hvnt reach EG,
possible up later.
I may wrong.

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PA Return Today: 6.0%

#5,785
Dec 19, 2024 7:45pm Dec 19, 2024 7:45pm

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting Th3W1z4rd

Disliked

{quote} It's just a way to understand candlestick charts. Each candle shows where the price started (open), how high and low it went, and where it ended (close). To combine candles, take the open price from the first one, the close price from the last one, and the highest and lowest prices from all of them. The result will be one of three types: a bullish candle (price went up), a bearish candle (price went down), or a neutral candle like a doji (price stayed about the same). Sometimes, it might look like a hammer or inverted hammer, which have...

Ignored

Sorry my bad, I don't understand what you are trying to present here. The above math (!!) can be easily done by flicking through the TF up or down. For example, an H1 candle gives you the open, close, highest high, and lowest low of the 2 X m30 candles, 4X m15 candles, and so forth. What is so special about it?

Success = Practice + Patience + Persistence

#5,786
Dec 19, 2024 7:49pm Dec 19, 2024 7:49pm

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting Inthebox

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let's post before it happens. to monitor gold tc for ce buy. {image}

Ignored

for scalping? Two opposing zones kissing each other.

Success = Practice + Patience + Persistence

#5,787
Dec 19, 2024 7:52pm Dec 19, 2024 7:52pm

Th3W1z4rd
Joined Dec 2024 | Status: Trader | 872 Posts

Quoting fxpider

Disliked

{quote} Sorry my bad, I don't understand what you are trying to present here. The above math (!!) can be easily done by flicking through the TF up or down. For example, an H1 candle gives you the open, close, highest high, and lowest low of the 2 X m30 candles, 4X m15 candles, and so forth. What is so special about it?

Ignored

I get your point but candlestick math isn’t exactly the same as switching to a higher timeframe like H1 or H4 because it lets you make your own custom timeframe. When you switch to a higher timeframe, the chart automatically combines smaller candles into a set period, like 4 M15 candles to make an H1 candle. With candlestick math, you decide which candles to combine.

For example, you can pick 3 M15 candles that match something important happening in the market, instead of always using 4 like the chart does for H1. This lets you see patterns or trends that might not show up on the regular timeframes. Basically, you have more control over how you look at the charts.

#5,788
Dec 19, 2024 8:07pm Dec 19, 2024 8:07pm

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

UJ:

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Success = Practice + Patience + Persistence

#5,789
Dec 19, 2024 8:15pm Dec 19, 2024 8:15pm

Inthebox
Joined Jun 2010 | Status: Trader | 16,699 Posts

Quoting fxpider

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{quote} for scalping? Two opposing zones kissing each other.

Ignored

tc to h4 sell around 80 plus pips.
can scalp, leaving 20-30% in case there a run.

ITB - Seeing Orderliness amongst 'Randomness'

#5,790
Dec 19, 2024 8:23pm Dec 19, 2024 8:23pm

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting Th3W1z4rd

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{quote} I’m not quite following what your H4 chart is communicating. USDJPY looks bullish on H1. Does your chart show the same?

Ignored

My H4 chart is also screaming bullishness. Please go through post#1 to get the OPEN, HIGH, LOW, and CLOSE of this thread and the related strategy.

Success = Practice + Patience + Persistence

#5,791
Dec 19, 2024 8:38pm Dec 19, 2024 8:38pm

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting Th3W1z4rd

Disliked

{quote} I get your point but candlestick math isn’t exactly the same as switching to a higher timeframe like H1 or H4 because it lets you make your own custom timeframe. When you switch to a higher timeframe, the chart automatically combines smaller candles into a set period, like 4 M15 candles to make an H1 candle. With candlestick math, you decide which candles to combine. For example, you can pick 3 M15 candles that match something important happening in the market, instead of always using 4 like the chart does for H1. This lets you see patterns...

Ignored

Tradingview has a feature to define custom intervals. You may find it helpful in your trading.

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