MTF Engulf / Engulf fail | Page 330 | 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

  • #6,581
  • Jan 31, 2025 8:02am Jan 31, 2025 8:02am
those who shorted gold at yesterday high either lost or with a bit of gain.
i think today will close with a smaller daily green candle.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,582
  • Jan 31, 2025 8:25pm Jan 31, 2025 8:25pm
Quoting Inthebox
{quote} The trading career is a Marathon not a sprint. The goal is to maintain consistency of 5-10% weekly return. {image} {image}
The trading career is a Marathon not a sprint.
The goal is to maintain consistency of 5-10% weekly return.
A little off this week. The average weekly performance is still in line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 48 KB
Click to Enlarge Name: screenshot.png Size: 11 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,583
  • Jan 31, 2025 8:38pm Jan 31, 2025 8:38pm
Quoting Inthebox
{quote} will the news be in favor of ej drop? {image}
ej dropped after the news but bounced up with vengeance, with some wild swings.
ascending trend line formed but there is relative equal low ssl to contend with.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,584
  • Jan 31, 2025 8:46pm Jan 31, 2025 8:46pm
Quoting Inthebox
those who shorted gold at yesterday high either lost or with a bit of gain. i think today will close with a smaller daily green candle. {image}
gold ended with daily pin bar vs monthly support.
traders got trapped yesterday.
only interested in selling when h4 closes below support.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,585
  • Feb 2, 2025 7:12pm Feb 2, 2025 7:12pm
Quoting Inthebox
{quote} ej dropped after the news but bounced up with vengeance, with some wild swings. ascending trend line formed but there is relative equal low ssl to contend with. {image}
what a monday open.
ej crazy over 200 pips drop.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,586
  • Feb 2, 2025 7:15pm Feb 2, 2025 7:15pm
Quoting Inthebox
{quote} gold ended with daily pin bar vs monthly support. traders got trapped yesterday. only interested in selling when h4 closes below support. {image}
it's a waiting game for gold.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,587
  • Feb 2, 2025 7:29pm Feb 2, 2025 7:29pm
In any case, it's all theatre. There won't be any universal tariffs.
Why? Quite simply, Trump doesn't have the power.
The US Constitution couldn't be more clear:
"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States."

https://www.forexlive.com/news/febru...luff-20250131/

closing gap?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,588
  • Feb 2, 2025 9:32pm Feb 2, 2025 9:32pm
so what?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,589
  • Feb 2, 2025 9:37pm Feb 2, 2025 9:37pm
so what?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,590
  • Feb 2, 2025 11:57pm Feb 2, 2025 11:57pm
so what?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,591
  • Feb 3, 2025 2:30am Feb 3, 2025 2:30am
Quoting Inthebox
so what? {image}
so what is happening - for those who have no idea what to look for.
even with knowledge, one has to seek earnestly and wait patiently, only then you will find.
were you able to find all the supporting reasons mentioned previously?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,592
  • Feb 3, 2025 4:01am Feb 3, 2025 4:01am
In my opinion, the "MTF Engulf/Engulf Fail" approach is similar to Smart Money concepts involving order blocks but does not require confirmation through a break of structure or liquidity grabs. Instead, it focuses solely on engulfing patterns and their failures. However, the lack of these key filters makes the strategy less reliable, as trade entries become more prone to false signals and increased risks.
  • #6,593
  • Feb 3, 2025 5:26am Feb 3, 2025 5:26am
Quoting GoldChartist
In my opinion, the "MTF Engulf/Engulf Fail" approach is similar to Smart Money concepts involving order blocks but does not require confirmation through a break of structure or liquidity grabs.
you have not study deep enough.
what is using the pattern combination of engulf fail and engulf means?
what is using the pattern of quasimodo means?

before "order block", there was engulf.
before combination of bos and liquidity grabs, there was quasimodo.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,594
  • Feb 3, 2025 5:29am Feb 3, 2025 5:29am
YOU have reminded me of a well-known fable.


The Fox and the Grapes – Aesop’s Fable
One day, a hungry fox was walking through a vineyard when he saw a bunch of ripe, juicy grapes hanging from a vine. They looked delicious, and the fox wanted to eat them.
He jumped up to grab the grapes, but they were too high. He tried again and again, leaping as high as he could, but he couldn't reach them.
After several failed attempts, the fox finally gave up. He walked away, saying, "Those grapes are probably sour anyway!"
Success = Practice + Patience + Persistence
  • #6,595
  • Feb 3, 2025 8:51am Feb 3, 2025 8:51am
Quoting Inthebox
{quote} you have not study deep enough. what is using the pattern combination of engulf fail and engulf means? what is using the pattern of quasimodo means? before "order block", there was engulf. before combination of bos and liquidity grabs, there was quasimodo.
I understand your point of view. Engulfing patterns and Quasimodo were indeed used long before the popularization of order blocks and liquidity grabs. However, the lack of structural confirmation in the 'Engulf/Engulf Fail' approach makes it more prone to false signals. While modern SMC concepts incorporate structural breaks and liquidity for more accurate entries, I personally am not a proponent of Smart Money Concepts. How do you filter out false signals?
  • #6,596
  • Feb 3, 2025 9:57am Feb 3, 2025 9:57am
Quoting GoldChartist
{quote} I understand your point of view. Engulfing patterns and Quasimodo were indeed used long before the popularization of order blocks and liquidity grabs. However, the lack of structural confirmation in the 'Engulf/Engulf Fail' approach makes it more prone to false signals. While modern SMC concepts incorporate structural breaks and liquidity for more accurate entries, I personally am not a proponent of Smart Money Concepts. How do you filter out false signals?
show a chart of false signals.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,597
  • Feb 3, 2025 10:10am Feb 3, 2025 10:10am
Quoting Inthebox
{quote} show a chart of false signals.
Thank you for your interest! I can explain my method for filtering false signals in detail and show how I make decisions on buying and selling gold. Would you like to see an example with charts?
  • #6,598
  • Edited 10:48am Feb 3, 2025 10:37am | Edited 10:48am
Quoting GoldChartist
{quote} Thank you for your interest! I can explain my method for filtering false signals in detail and show how I make decisions on buying and selling gold. Would you like to see an example with charts?
you could have show yours so that i can learn too.
you put in some effort, then i will put in mine too. this is call 2 way traffic discussions.
my filtering in post #1. the alignment of the 3 rules in same direction.
if you can understand that, then you will also understand my s&p buy trade today as presented with reasons from the 3 posts before it.
https://www.forexfactory.com/thread/...4#post15136504
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,599
  • Feb 3, 2025 11:12am Feb 3, 2025 11:12am
Quoting Inthebox
{quote} you could have show yours so that i can learn too. you put in some effort, then i will put in mine too. this is call 2 way traffic discussions. my filtering in post #1. the alignment of the 3 rules in same direction. if you can understand that, then you will also understand my s&p buy trade today as presented with reasons from the 3 posts before it. https://www.forexfactory.com/thread/...4#post15136504
Thanks for your comment and valuable insight—I completely agree that sharing knowledge helps us all grow. I’d like to share that I currently have a trade open as well, and the results are promising: my initial entry of $20 has now grown to $440. I’m continuously monitoring the market and adjusting my position as the waves develop. I’d be happy to provide a more detailed breakdown of the trade once I have more information prepared. I really value our two-way dialogue, as it not only improves our systems but also deepens our understanding.
Best regards,
[Aurex]
Attached Image (click to enlarge)
Click to Enlarge Name: 775.png Size: 21 KB
  • #6,600
  • Feb 3, 2025 11:44am Feb 3, 2025 11:44am
Quoting GoldChartist
{quote} Thanks for your comment and valuable insight—I completely agree that sharing knowledge helps us all grow. I’d like to share that I currently have a trade open as well, and the results are promising: my initial entry of $20 has now grown to $440. I’m continuously monitoring the market and adjusting my position as the waves develop. I’d be happy to provide a more detailed breakdown of the trade once I have more information prepared. I really value our two-way dialogue, as it not only improves our systems but also deepens our understanding....
buy set up during asia session today.
mtf alignment filtering with m5 ef/eg combo entry.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
ITB - Seeing Orderliness amongst 'Randomness'
23 traders viewing now