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MTF Engulf / Engulf fail

  • #5,781
  • Dec 19, 2024 8:30pm Dec 19, 2024 8:30pm
Quoting Th3W1z4rd
Have you heard of Candlestick Math? It's another way to consider candlesticks.
Please enlighten us.
Success = Practice + Patience + Persistence
  • #5,782
  • Dec 19, 2024 8:46pm Dec 19, 2024 8:46pm
Quoting fxpider
{quote} Please enlighten us.
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 9:31pm Dec 19, 2024 9:31pm
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 9:34pm Dec 19, 2024 9:34pm
Quoting fxpider
{quote} Done and dusted. Pullback entry got me 55+ pips. Lucky day. {image}
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: na
  • #5,785
  • Dec 19, 2024 9:45pm Dec 19, 2024 9:45pm
Quoting Th3W1z4rd
{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...
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 9:49pm Dec 19, 2024 9:49pm
Quoting Inthebox
let's post before it happens. to monitor gold tc for ce buy. {image}
for scalping? Two opposing zones kissing each other.
Success = Practice + Patience + Persistence
  • #5,787
  • Dec 19, 2024 9:52pm Dec 19, 2024 9:52pm
Quoting fxpider
{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?
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 10:07pm Dec 19, 2024 10:07pm
UJ:

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Success = Practice + Patience + Persistence
  • #5,789
  • Dec 19, 2024 10:15pm Dec 19, 2024 10:15pm
Quoting fxpider
{quote} for scalping? Two opposing zones kissing each other.
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 10:23pm Dec 19, 2024 10:23pm
Quoting Th3W1z4rd
{quote} I’m not quite following what your H4 chart is communicating. USDJPY looks bullish on H1. Does your chart show the same?
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 10:38pm Dec 19, 2024 10:38pm
Quoting Th3W1z4rd
{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...
Tradingview has a feature to define custom intervals. You may find it helpful in your trading.

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Success = Practice + Patience + Persistence
  • #5,792
  • Dec 19, 2024 10:44pm Dec 19, 2024 10:44pm
Quoting fxpider
{quote} Tradingview has a feature to define custom intervals. You may find it helpful in your trading. {image}
I can’t send a Like to your post, but good to know. TradingView isn’t free, or is that feature free?
  • #5,793
  • Dec 20, 2024 12:03am Dec 20, 2024 12:03am
Quoting fxpider
UJ: {image}
Luckily, I got out early.

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Success = Practice + Patience + Persistence
  • #5,794
  • Dec 20, 2024 12:03am Dec 20, 2024 12:03am
Quoting Inthebox
let's post before it happens. to monitor gold tc for ce buy. {image}
to monitor gold tc for ce buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,795
  • Dec 20, 2024 12:17am Dec 20, 2024 12:17am
Quoting Inthebox
{quote} to monitor gold tc for ce buy. {image}
TP @ asia high?
Success = Practice + Patience + Persistence
  • #5,796
  • Dec 20, 2024 12:38am Dec 20, 2024 12:38am
Quoting fxpider
{quote} TP @ asia high?
as tp1
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,797
  • Dec 20, 2024 12:41am Dec 20, 2024 12:41am
I took TP @ ASIA High. Worried about holding it inside the H4 sell zone.

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Success = Practice + Patience + Persistence
  • #5,798
  • Dec 20, 2024 12:55am Dec 20, 2024 12:55am
GJ: we have news in 5 mins.

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Success = Practice + Patience + Persistence
  • #5,799
  • Dec 20, 2024 1:23am Dec 20, 2024 1:23am
Quoting Inthebox
{quote} to monitor gold tc for ce buy. {image}
gold buy result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,800
  • Dec 20, 2024 1:31am Dec 20, 2024 1:31am
EURJPY sell trade.

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in H4, there is a QM pattern, left shoulder align with engulf zone.

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Entry in M30 engulf zone. TP at roadblock.
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