When I am not around here anymore, this thread can be a trading course itself to be reviewed again and again (at the very least post 1).
Many times direction bias and set ups were shown before a trade input was done.
There are also many scenarios in different situations shown and answering of traders' questions.
What others see as randomness, i see orderliness within the randomness.
i define engulf for 2 candles as follows:
https://www.forexfactory.com/thread/...0#post14742860
Engulf does not apply to 2 candles only, it can be in multiple candles..
for example the same 2 candles engulf in h4 appears as multiple candles in h1
i define engulf for multiple candles as per 1st image below but not limited to that.
Rules
(1) Direction Bias
Road Block and Current Market Price (CMP)
Time frames: w1, d1, h4 Engulfs/Engulfs Fail
video: https://www.forexfactory.com/thread/...7#post14593437
https://www.forexfactory.com/thread/...7#post14594927
https://www.forexfactory.com/thread/...0#post14606270
https://www.forexfactory.com/thread/...3#post14606923
concept:
https://www.forexfactory.com/thread/...7#post14608247
https://www.forexfactory.com/thread/...9#post14608979
https://www.forexfactory.com/thread/...3#post14610713
(2) Entry
Road Block and Current Market Price (CMP)
Time frames: h1, m30, m15 Engulfs/Engulfs Fail
When price retraces to the htf h4 Engulf zone (the lowest direction time frame).
Drop down to h1 or m30 or m15 and find Engulf or Engulf Fail set up.
Entry upon retest of Engulf or Engulf Fail set up zone.
Zone as SL (support resistant candle closed of about 40 pips).
TP at opposite Engulf or support / resistant.
video: https://www.forexfactory.com/thread/...1#post14623881
https://www.forexfactory.com/thread/...2#post14742022
https://www.forexfactory.com/thread/...4#post14633084
https://www.forexfactory.com/thread/...5#post14641675.
(3) Normally point 2 above for entry will suffice.
However If you find that the SL is too big and smaller SL is needed. ......
When price retraces to the h1 or m30 or m15 Engulf or Engulf Fail zone
Drop down to m5 or m1 and find Engulf or Engulf Fail set up.
It is advisable for lesser experienced trader not to use these small time frames as they carry a higher risk of SL being hit.
in these small time frames, it is better to wait for Engulf Fail pullback to an Engulf set up.
Entry upon retest of Engulf or Engulf Fail set up zone.
Zone as SL (support resistant candle closed of about 40 pips).
TP at opposite Engulf or support / resistant.
Down to earth expectation of a m5 or m1 scalper
https://www.forexfactory.com/thread/...2#post14808152
Implication of engulf fail
https://www.forexfactory.com/thread/...3#post14590243
https://www.forexfactory.com/thread/...1#post14591101
Monitoring of trades
https://www.forexfactory.com/thread/...7#post14734877
https://www.forexfactory.com/thread/...7#post14734947
https://www.forexfactory.com/thread/...3#post14737303
Most confident trades
https://www.forexfactory.com/thread/...6#post14635326
Overview videos
https://www.forexfactory.com/thread/...5#post14633045
https://www.forexfactory.com/thread/...5#post14710795
https://www.forexfactory.com/thread/...1#post14733931
Live trade example go through post 137, 139, 142, 143, 144
Even in m1 one can see how price dances using engulfing. https://www.forexfactory.com/thread/...0#post14593110
M1 scalping https://www.forexfactory.com/thread/...1#post14598231
Do not blame the methods, instead you should ask yourself how good are your eyes in spotting the setups?
https://www.forexfactory.com/thread/...1#post14635371
Creating your own Check List
https://www.forexfactory.com/thread/...8#post14837608
Breaking of Rules
Of course there will always be traders that ignore the rules and blow their accounts again and again.
As they themselves allowed it to form a habit which will be hard to break. Do not let it destroy your trading career.
https://www.forexfactory.com/thread/...8#post14607628
Always cultivate a daily habit to be disciplined, patient and consistent. They are keys to a successful outcome.
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” — Aristotle
“Success is nothing more than a few simple disciplines, practiced every day.” — Jim Rohn
Only 2 things need to be in order before placing any trade.
Trading at the right time and at the right price level.
Many times direction bias and set ups were shown before a trade input was done.
There are also many scenarios in different situations shown and answering of traders' questions.
What others see as randomness, i see orderliness within the randomness.
i define engulf for 2 candles as follows:
https://www.forexfactory.com/thread/...0#post14742860
Engulf does not apply to 2 candles only, it can be in multiple candles..
for example the same 2 candles engulf in h4 appears as multiple candles in h1
i define engulf for multiple candles as per 1st image below but not limited to that.
Rules
(1) Direction Bias
Road Block and Current Market Price (CMP)
Time frames: w1, d1, h4 Engulfs/Engulfs Fail
video: https://www.forexfactory.com/thread/...7#post14593437
https://www.forexfactory.com/thread/...7#post14594927
https://www.forexfactory.com/thread/...0#post14606270
https://www.forexfactory.com/thread/...3#post14606923
concept:
https://www.forexfactory.com/thread/...7#post14608247
https://www.forexfactory.com/thread/...9#post14608979
https://www.forexfactory.com/thread/...3#post14610713
(2) Entry
Road Block and Current Market Price (CMP)
Time frames: h1, m30, m15 Engulfs/Engulfs Fail
When price retraces to the htf h4 Engulf zone (the lowest direction time frame).
Drop down to h1 or m30 or m15 and find Engulf or Engulf Fail set up.
Entry upon retest of Engulf or Engulf Fail set up zone.
Zone as SL (support resistant candle closed of about 40 pips).
TP at opposite Engulf or support / resistant.
video: https://www.forexfactory.com/thread/...1#post14623881
https://www.forexfactory.com/thread/...2#post14742022
https://www.forexfactory.com/thread/...4#post14633084
https://www.forexfactory.com/thread/...5#post14641675.
(3) Normally point 2 above for entry will suffice.
However If you find that the SL is too big and smaller SL is needed. ......
When price retraces to the h1 or m30 or m15 Engulf or Engulf Fail zone
Drop down to m5 or m1 and find Engulf or Engulf Fail set up.
It is advisable for lesser experienced trader not to use these small time frames as they carry a higher risk of SL being hit.
in these small time frames, it is better to wait for Engulf Fail pullback to an Engulf set up.
Entry upon retest of Engulf or Engulf Fail set up zone.
Zone as SL (support resistant candle closed of about 40 pips).
TP at opposite Engulf or support / resistant.
Down to earth expectation of a m5 or m1 scalper
https://www.forexfactory.com/thread/...2#post14808152
Implication of engulf fail
https://www.forexfactory.com/thread/...3#post14590243
https://www.forexfactory.com/thread/...1#post14591101
Monitoring of trades
https://www.forexfactory.com/thread/...7#post14734877
https://www.forexfactory.com/thread/...7#post14734947
https://www.forexfactory.com/thread/...3#post14737303
Most confident trades
https://www.forexfactory.com/thread/...6#post14635326
Overview videos
https://www.forexfactory.com/thread/...5#post14633045
https://www.forexfactory.com/thread/...5#post14710795
https://www.forexfactory.com/thread/...1#post14733931
Live trade example go through post 137, 139, 142, 143, 144
Even in m1 one can see how price dances using engulfing. https://www.forexfactory.com/thread/...0#post14593110
M1 scalping https://www.forexfactory.com/thread/...1#post14598231
Do not blame the methods, instead you should ask yourself how good are your eyes in spotting the setups?
https://www.forexfactory.com/thread/...1#post14635371
Creating your own Check List
https://www.forexfactory.com/thread/...8#post14837608
Breaking of Rules
Of course there will always be traders that ignore the rules and blow their accounts again and again.
As they themselves allowed it to form a habit which will be hard to break. Do not let it destroy your trading career.
https://www.forexfactory.com/thread/...8#post14607628
Always cultivate a daily habit to be disciplined, patient and consistent. They are keys to a successful outcome.
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” — Aristotle
“Success is nothing more than a few simple disciplines, practiced every day.” — Jim Rohn
Only 2 things need to be in order before placing any trade.
Trading at the right time and at the right price level.
- Time of Day : Choose to trade in a high volume session – London, New York session, NYSE open.
- Lower time frame Engulf/Engulf fail entry aligns with Higher time frame Engulf/Engulf fail direction.
Entry: Horizontally from HTF Engulf to same type LTF Engulf (bullish to bullish, bearish to bearish)
Take Profit: Vertically from Engulf to opposite Engulf (bullish to bearish, bearish to bullish)
https://www.forexfactory.com/thread/...6#post14621296
https://www.forexfactory.com/thread/...5#post14659695
https://www.forexfactory.com/thread/...7#post14635347
.
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ITB - Seeing Orderliness amongst 'Randomness'