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MTF Engulf / Engulf fail

  • #6,361
  • Jan 19, 2025 8:29pm Jan 19, 2025 8:29pm
start of a new week.

https://www.forexfactory.com/thread/...7#post15111897
Game start

Hey, so now you know the game
Are you ready? 'Cause I'm comin' to get you, get you, get you
Hold on, hold on, I'm on my way
Yeah, yeah, yeah, yeah, yeah, I'm on my way
Hold on, hold on, I'm on my way
Yeah, yeah, yeah, yeah, yeah, I'm on my way
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,362
  • Jan 19, 2025 8:34pm Jan 19, 2025 8:34pm
Weekly closed higher = bullish bias for me
daily reached 50% discounts and EG buy, also R turn S = bullish bias for me
4H EG buy, new 30m TC
5m BOS / CHOCH
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PA Return This Week: 35.2%
  • #6,363
  • Edited 8:54pm Jan 19, 2025 8:37pm | Edited 8:54pm
Quoting mdniloynoman
Hello Sir, can you please share your thoughts of this ef valid or still not? {image}
refer to post 1 first paragraph for my answers.
refer also to the 3 pictures.
you have to master all the contents in my 1st post to be talking at same level (that you know how to interpret my chart) as me before proceeding further.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,364
  • Edited 8:56pm Jan 19, 2025 8:43pm | Edited 8:56pm
Quoting LeongPuiy
Weekly closed higher = bullish bias for me daily reached 50% discounts and EG buy, also R turn S = bullish bias for me 4H EG buy, new 30m TC 5m BOS / CHOCH {image} {image} {image} {image} {image}
be careful of all the resistants as shown in my last chart.
and note asia high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,365
  • Jan 19, 2025 8:57pm Jan 19, 2025 8:57pm
Quoting Inthebox
{quote} refer to post 1 first paragraph for my answers. refer also to the 3 pictures. you have to master all the contents in my 1st post to be talking at same level (that you know how to interpret my chart) as me before proceeding further.
Do u recommend any videos for these types of advanced eg/ef marking? Please
  • #6,366
  • Jan 19, 2025 9:02pm Jan 19, 2025 9:02pm
4 trades today: Lost 3 and 1 win for -1R.

  1. Chased one trade for a long and that cost me -1R
  2. Should have cashed out at 61.8 on a short from 160.528, would have broke even for the day

Need to take time to digest what went wrong and right today. I guess I should be happy I survived and didn't lose too much more.

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  • #6,367
  • Jan 19, 2025 9:03pm Jan 19, 2025 9:03pm
Quoting mdniloynoman
{quote} Do u recommend any videos for these types of advanced eg/ef marking? Please
have you already watched all the 5 videos on post 1? they are the best. to me.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,368
  • Jan 19, 2025 9:04pm Jan 19, 2025 9:04pm
m1 perspective
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,369
  • Jan 19, 2025 9:22pm Jan 19, 2025 9:22pm
Quoting ChinoCop
4 trades today: Lost 3 and 1 win for -1R. Chased one trade for a long and that cost me -1R Should have cashed out at 61.8 on a short from 160.528, would have broke even for the day Need to take time to digest what went wrong and right today. I guess I should be happy I survived and didn't lose too much more. {image}
fomo.
observe more.
wait for ef eg combo confirmation entry set up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,370
  • Jan 19, 2025 9:36pm Jan 19, 2025 9:36pm
Quoting Inthebox
{quote} fomo. observe more. wait for ef eg combo confirmation entry set up. {image}
Hi ITB,

I agree, I was being impatient; FOMO definitely affected my judgement. Right now, I'm having a hard time determining if we'll continue the downtrend or retracement.

  1. Down: 30 minute: LH and LL
  2. Up: BOS

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  • #6,371
  • Jan 19, 2025 9:44pm Jan 19, 2025 9:44pm
Quoting ChinoCop
{quote} Hi ITB, I agree, I was being impatient; FOMO definitely affected my judgement. Right now, I'm having a hard time determining if we'll continue the downtrend or retracement. Down: 30 minute: LH and LL Up: BOS {image}
you have h4 eg buy.
there's no h1 TC buy but a m30 TC buy.
m5 ranging.
wait for alignment of h4 h1 eg buy, which probably will be during europe session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,372
  • Jan 19, 2025 9:54pm Jan 19, 2025 9:54pm
Quoting Inthebox
{quote} be careful of all the resistants as shown in my last chart. and note asia high.
take and run.
small angpaw
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PA Return This Week: 35.2%
  • #6,373
  • Jan 19, 2025 10:09pm Jan 19, 2025 10:09pm
Quoting Inthebox
{quote} be careful of all the resistants as shown in my last chart. and note asia high.
asia high target reached. mission complete. end of asia session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,374
  • Jan 19, 2025 10:17pm Jan 19, 2025 10:17pm
Anyone can help me to understand the trend ?? is it bear or bull . I intraday trader
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  • #6,375
  • Edited 11:10pm Jan 19, 2025 10:56pm | Edited 11:10pm
gold previous day high will be the next target.
remember to wait for pullback. cmp is at breaker.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,376
  • Edited 7:45pm Jan 20, 2025 12:05am | Edited 7:45pm
Hi ITB. Please let me know if this is against the rules, I have been trialing using line charts only to support my analysis and identifying S&R levels that line up with E & EF.

I have posted a demo setup as an example for EUR/USD. Price is at weekly S and E, then on LTF 30m there is a FE plus, the line chart supports a break of trendline.
It would be great for your feedback if you thought the line chart would help increase accuracy for setups?

UPDATE: Target hit
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  • #6,377
  • Jan 20, 2025 12:09am Jan 20, 2025 12:09am
eurjpy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,378
  • Jan 20, 2025 12:25am Jan 20, 2025 12:25am
Quoting Inthebox
eurjpy {image}
I got too caught up with trying to catch the Tokyo open to the downside that I neglected to see that preceding move that created the consolidation. Trend is up so I should have been looking for longs which is the easier trade emotionally.
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  • #6,379
  • Jan 20, 2025 12:35am Jan 20, 2025 12:35am
Quoting 1Hour
Hi ITB. Please let me know if this is against the rules, I have been trialing using line charts only to support my analysis and identifying S&R levels that line up with E & EF. I have posted a demo setup as an example for EUR/USD. Price is at weekly S and E, then on LTF 30m there is a FE plus, the line chart supports a break of trendline. It would be great for your feedback if you thought the line chart would help increase accuracy for setups? {image} {image} {image} {image}
i cannot answer for you which one is better or accurate.
you have to ask your eyes which one can you see better.
or you can use both together.
i can see both comfortably.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,380
  • Jan 20, 2025 12:40am Jan 20, 2025 12:40am
Quoting ChinoCop
{quote} I got too caught up with trying to catch the Tokyo open to the downside that I neglected to see that preceding move that created the consolidation. Trend is up so I should have been looking for longs which is the easier trade emotionally. {image}
maybe you can try to use m30 or h1 as entry time frames per my last charts above.
you only need to check the chart every half or one hour.
ITB - Seeing Orderliness amongst 'Randomness'
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