Doji candle with engulfing bullish bar can be considered EG?

MTF Engulf / Engulf fail

I am also new to this method so you need to contact Inthebox for any question or suggestion.

MTF Engulf / Engulf fail

Thanks a lot. Yes it was blunder from me to miss the engulf buy zone. I will start to scalp. I saw that you are taking trade where you are taking trade where eg sell becomes ef buy and price is in buy zone in m30 chart. So for scalping i suppose to ...

MTF Engulf / Engulf fail

I have another question for AUDCAD. I am posting two charts D1 and H4. Bearish engulfing candle has been generated and H4 timeframe bullish candle is testing D1 engulfing zone. So now I have to go for M30 timeframe and look for short position upon ...

MTF Engulf / Engulf fail

I am now trying to apply full concept which you posted in post 1. I will have more questions. Today I have question that daily bearish engulfing candle is made so now we have to wait for pull back to H4 bearish engulfing zone and then go to M30 and ...

MTF Engulf / Engulf fail

H4 Bullish EG is in green colour. Pullback can happen. Scalping can be done during Asian session with M15, M5 and M1 timeframes.

MTF Engulf / Engulf fail

Breakout of EF M15 zone to another. Trade hit profit. This trade not only gave good profit but also recovered loss from last trade.

MTF Engulf / Engulf fail

Sorry I am working and in hurry I forgot to mention TF. It is M15 time frame and EF. Break of these levels being price more down.

MTF Engulf / Engulf fail

Yellow boxes are EF.

MTF Engulf / Engulf fail

No , green to purple. According to post 1 , you need to map higher to lower TF. Bullish engulfing candle is requirement of entry.

MTF Engulf / Engulf fail

Red and green are H1 sell and buy zone respectively. Purple and blue are M15 sell and buy zone respectively

MTF Engulf / Engulf fail

It is Doji engulfed by red candle. That’s why it is Sell zone.

MTF Engulf / Engulf fail

H1 zones for now and engulfing candle will open position with target of opposite EG zone

MTF Engulf / Engulf fail

Your first question is very valid and please do not follow me. Inthebox has already mentioned that we need to map higher TF EG and EF zones. I am still learning and trying to implement step by step. I am slow learner. Initially I wanted to practice ...

MTF Engulf / Engulf fail

I didn’t follow trend line. I took risk and took trade just on engulfing candle. I have multiple H1 zones very close to each other so I took target of closed one for few pips. It was just scalping technique by following engulfing candle

MTF Engulf / Engulf fail

closed 2422.59 at H1 engulfing zone. I miscalculated the target of 2423

MTF Engulf / Engulf fail

H1 bullish engulfing. Opened long position at 2419.19 target 2423

MTF Engulf / Engulf fail

Trade closed at BE

MTF Engulf / Engulf fail

H4 bearish engulfing short position is running from 2420.18 with target of 2405.

MTF Engulf / Engulf fail

On my chart daily candle closed below the last high so it is not clear that upward breakout happened or not. I will just try to stay with H1 timeframe and will be looking for engulfing candles.

MTF Engulf / Engulf fail