MTF Engulf / Engulf fail | Page 295 | 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

  • #5,881
  • Dec 27, 2024 7:15am Dec 27, 2024 7:15am
gold testing previous new york low.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,882
  • Dec 27, 2024 7:41am Dec 27, 2024 7:41am
match your tc and ce
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,883
  • Dec 27, 2024 7:54am Dec 27, 2024 7:54am
Quoting Inthebox
{quote} the concept is the same as in #post 1. ie. w1, d1, h4 as direction time frames. the movement is w1 egef ends in w1 egef. d1 egef ends in d1 egef. h4 egef ends in h4 egef. then we have the confirmation or validation of direction. the d1 egef confirms the w1 direction. the h4 efef confirms the d1 direction. this is the minimum required validation of direction. we also have road block on the direction. the d1 egef could also be a road block for w1 direction. the h4 egef could also be a road block for d1 direction. therefore as intra day traders,...
hi ITB. Can you give some examples, your explanation i think i can relate. But im confused about egef and efef difference. Can u show me some examples?
  • #5,884
  • Dec 27, 2024 9:05am Dec 27, 2024 9:05am
Quoting HeroSama
{quote} hi ITB. Can you give some examples, your explanation i think i can relate. But im confused about egef and efef difference. Can u show me some examples?
see whether you understand this.
there are 4 types: engulf buy, engulf sell, engulf fail buy, engulf fail sell.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,885
  • Dec 27, 2024 9:52am Dec 27, 2024 9:52am
Quoting Inthebox
match your tc and ce {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,886
  • Dec 27, 2024 10:36am Dec 27, 2024 10:36am
Quoting Inthebox
{quote} see whether you understand this. there are 4 types: engulf buy, engulf sell, engulf fail buy, engulf fail sell. {image}
tq for the reply. Yup that part I understand. I dont understand how h4 efef confirm direction with d1. Sorry for the bad English
  • #5,887
  • Dec 27, 2024 11:11am Dec 27, 2024 11:11am
Quoting HeroSama
{quote} tq for the reply. Yup that part I understand. I dont understand how h4 efef confirm direction with d1. Sorry for the bad English
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,888
  • Dec 27, 2024 12:49pm Dec 27, 2024 12:49pm
Quoting Inthebox
{quote} {image}
owh now i get it. We enter trade base on daily. H4 is the location we enter the trade. If daily sell we find h4 eg sell or h4 ef sell, and we ignore h4 eg buy. No wonder I always get trapped. Next question, how to noticed if daily is changing direction? Thanks again ITB
  • #5,889
  • Edited 8:55pm Dec 27, 2024 6:19pm | Edited 8:55pm
EJ is approaching a weekly engulfing sell zone. Is the current move up a retrace or a continuation of the trend? When it reaches the sell zone will it be a trend change, retracement or continuation of the uptrend?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYWeekly.png Size: 18 KB
  • #5,890
  • Edited 9:28pm Dec 27, 2024 9:07pm | Edited 9:28pm
Quoting HeroSama
{quote} owh now i get it. We enter trade base on daily. H4 is the location we enter the trade. If daily sell we find h4 eg sell or h4 ef sell, and we ignore h4 eg buy. No wonder I always get trapped. Next question, how to noticed if daily is changing direction? Thanks again ITB
Quoting ChinoCop
EJ is approaching a weekly engulfing sell zone. Is the current move up a retrace or a continuation of the trend? When it reaches the sell zone will it be a trend change, retracement or continuation of the uptrend? {image}
how to look for direction set up?
by looking at the htf w1, d1, h4 engulfs or engulf fails.
do they line up to buy or do they line up to sell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
Click to Enlarge Name: screenshot.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,891
  • Dec 27, 2024 9:42pm Dec 27, 2024 9:42pm
Quoting Inthebox
{quote} {image}
just follow the direction set up even ranging.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,892
  • Dec 27, 2024 10:13pm Dec 27, 2024 10:13pm
what retail traders say
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Click to Enlarge Name: screenshot.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,893
  • Dec 27, 2024 10:14pm Dec 27, 2024 10:14pm
but we say.
if all time frames engulf or engulf fail alignment buy, we buy.
if all time frames engulf or engulf fail alignment sell, we sell.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,894
  • Dec 28, 2024 3:48pm Dec 28, 2024 3:48pm
Quoting Inthebox
but we say. if all time frames engulf or engulf fail alignment buy, we buy. if all time frames engulf or engulf fail alignment sell, we sell. {image}
Alright thanks ITB. Im getting hang of it now. What is CE? Tc is trade control. Basically we sell in sell box, htf bigger is better. Buy in buy box. Enter trade when all is in alignment. Thanks ITB
  • #5,895
  • Dec 28, 2024 4:17pm Dec 28, 2024 4:17pm
Quoting HeroSama
{quote} Alright thanks ITB. Im getting hang of it now. What is CE? Tc is trade control. Basically we sell in sell box, htf bigger is better. Buy in buy box. Enter trade when all is in alignment. Thanks ITB
Confirmed entry
  • #5,896
  • Dec 28, 2024 6:26pm Dec 28, 2024 6:26pm
Quoting HeroSama
{quote} Alright thanks ITB. Im getting hang of it now. What is CE? Tc is trade control. Basically we sell in sell box, htf bigger is better. Buy in buy box. Enter trade when all is in alignment. Thanks ITB
Know all the basic stuff in post 1 first before proceeding.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,897
  • Dec 29, 2024 1:00am Dec 29, 2024 1:00am
Hi, just practicing drawing E and EF on timeframes. Based on this the bias is up and the 4h E has been confirmed and the FE on daily also,confirmed, so long on 15m chart should be a good entry? any comments on what I have marked?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_0461.png Size: 78 KB
Click to Enlarge Name: IMG_0459.png Size: 72 KB
Click to Enlarge Name: IMG_0458.png Size: 62 KB
  • #5,898
  • Dec 29, 2024 5:04am Dec 29, 2024 5:04am
Quoting 1Hour
Hi, just practicing drawing E and EF on timeframes. Based on this the bias is up and the 4h E has been confirmed and the FE on daily also,confirmed, so long on 15m chart should be a good entry? any comments on what I have marked? {image} {image} {image}
use htf to confirm direction. ie. h4 to confirm d1.
using h1 entry time frame to confirm d1 is not optimal.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,899
  • Dec 29, 2024 5:16am Dec 29, 2024 5:16am
google / youtube search and know patterns like
snrc / snrc fail (support and resistant continuation), unicorn / unicorn fail, qm / qm fail (quasimodo).
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,900
  • Edited 10:30am Dec 29, 2024 10:06am | Edited 10:30am
i did a self analysis of how long do i hold trades.
the breakdown is
less than 1 hr - 65%
1 - 2 hrs - 9%
2 - 3 hrs - 26%

i closed my trades in less than 2 hrs 74% of the time. this is what i want.
then i have to find out more why 26% of the time i hold trades for more than 2 hrs.
was it because i was caught in a range and not getting out or i refuse to cut loss.
both has the mentality of either "not admitting defeat and still hoping for the best" or
"over confident that the htf is able to hold that off".
whatever it is, it only require one big mistake of over leveraging to wipe out the account.
ITB - Seeing Orderliness amongst 'Randomness'
1 trader viewing now