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MTF Engulf / Engulf fail

  • #6,261
  • Edited 7:04pm Jan 14, 2025 6:53pm | Edited 7:04pm
Quoting Inthebox
gold direction for the week 13 Jan. h4 ef buy continuation. {image}
gold 1st half of the week has been down which had caused me some unsettling.
and much lesser postings from traders here too.
currently h1 hhhl. has to get above fib 50 to go up to h4 egs.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,262
  • Jan 14, 2025 7:24pm Jan 14, 2025 7:24pm
will see any reaction to new york afternoon session discount market.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,263
  • Jan 14, 2025 7:52pm Jan 14, 2025 7:52pm
reached the fib 62 but no consideration to long if resistant not broken.
now the attention is on new york session discount market.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,264
  • Jan 14, 2025 8:01pm Jan 14, 2025 8:01pm
Quoting Inthebox
reached the fib 62 but no consideration to long if resistant not broken. now the attention is on new york session discount market. {image} {image}
If no turnaround happens within the next 30 mins, then the session is over for me.
Success = Practice + Patience + Persistence
  • #6,265
  • Jan 14, 2025 8:14pm Jan 14, 2025 8:14pm
Quoting Inthebox
reached the fib 62 but no consideration to long if resistant not broken. now the attention is on new york session discount market. {image} {image}
the m1 reaction
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,266
  • Jan 14, 2025 8:17pm Jan 14, 2025 8:17pm
Quoting fxpider
{quote} If no turnaround happens within the next 30 mins, then the session is over for me.
It did turn, now we have to see if the move sustains and the LHF will be yesterday's high. Sorry, I can't post any chart now, away from my desktop.
Success = Practice + Patience + Persistence
  • #6,267
  • Jan 14, 2025 8:35pm Jan 14, 2025 8:35pm
Quoting Inthebox
{quote} the m1 reaction {image}
m3 reaction
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,268
  • Jan 14, 2025 9:31pm Jan 14, 2025 9:31pm
ef / eg combo buy in play to break resistant zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,269
  • Jan 14, 2025 9:38pm Jan 14, 2025 9:38pm
Hopefully, it will hit TP. Have a good morning, ITB!
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  • #6,270
  • Jan 14, 2025 10:40pm Jan 14, 2025 10:40pm
I decided to fold, closer to top always gets sketchy.

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Success = Practice + Patience + Persistence
  • #6,271
  • Jan 14, 2025 11:15pm Jan 14, 2025 11:15pm
Some critical observations, are to increase the odds in our favor, for a tighter SL and swift return (The less you stay in the trade the better).

 

  1. TIME.
  2. HTF zone.
  3. Precise the potential trade setup zone (OTE).
  4. Wait for an EF
  5. Enter always @ the backside of a TL.

Success = Practice + Patience + Persistence
  • #6,272
  • Jan 14, 2025 11:16pm Jan 14, 2025 11:16pm
Quoting Inthebox
- i use engulf for 2 candles as per picture 1 at the bottom. - Engulf does not apply to 2 candles only, it can be in multiple candles variations as per picture 2 at the bottom. eg. the same 2 candles engulf in d1 appears as multiple candles in h4. - Engulf becomes Engulf Fail acting like a break of structure as per picuture 3 at the bottom. Get to know the overall concept in these 2 videos. https://www.youtube.com/watch?v=r3HzzQroNz8&t=42s https://www.youtube.com/watch?v=RYXx...qTDACQXAhqvXAT Rules...
start to reading this thread, thanks for sharing
  • #6,273
  • Jan 14, 2025 11:17pm Jan 14, 2025 11:17pm
This suck.
after 2 days stop out sell.
it drop.
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PA Return This Week: 2.7%
  • #6,274
  • Jan 14, 2025 11:51pm Jan 14, 2025 11:51pm
previous day high target reached.

i hope that through the series of above charts i had illustrated, that by using ef / eg como one can understand price action better.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,275
  • Jan 15, 2025 12:24am Jan 15, 2025 12:24am
usdjpy d1 / h1 combo is not there yet.
but if you think that the risky trade is worth it ........ sl is small.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,276
  • Jan 15, 2025 1:40am Jan 15, 2025 1:40am
Quoting Inthebox
previous day high target reached. i hope that through the series of above charts i had illustrated, that by using ef / eg como one can understand price action better. {image}
cover back some loss from UJ.
this week still down 1.5%.
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PA Return This Week: 2.7%
  • #6,277
  • Jan 15, 2025 2:08am Jan 15, 2025 2:08am
Bought EJ at 161.7. Let's see where it goes and climb the wall of worry.
  • #6,278
  • Jan 15, 2025 2:12am Jan 15, 2025 2:12am
may face difficulties to reach the top because of previous consolidation zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,279
  • Jan 15, 2025 2:27am Jan 15, 2025 2:27am
Quoting ChinoCop
Bought EJ at 161.7. Let's see where it goes and climb the wall of worry.
i would prefer a swing high to be broken to indicate some willingness to go up
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,280
  • Jan 15, 2025 3:11am Jan 15, 2025 3:11am
Quoting ChinoCop
Bought EJ at 161.7. Let's see where it goes and climb the wall of worry.
Out at breakeven+. Should have exited when it couldn't break structure and price went from engulf to engulf. At least I don't have to deal with a loss.

If I don't chase and I follow my rules and enter in the trade control zone, I can manage the trade where I can get a free trade.
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