Looking for possible zones to re-engage shorts.

MTF Engulf / Engulf fail

EJ took out 2 lows. Overall trend is down, but maybe looking for a retrace.

MTF Engulf / Engulf fail

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 ...

MTF Engulf / Engulf fail

Bought EJ at 161.7. Let's see where it goes and climb the wall of worry.

MTF Engulf / Engulf fail

I agree. We need to incorporate scanning the higher time frame charts to see the bigger picture. Those setups are, at times, not visible on the 5 minute charts. Here are 2 setups that are very clear on the 30 minute chart.

MTF Engulf / Engulf fail

I don't trade GJ so I don't know how it behaves. If we're using Engulfing/Engulfing Fail you might have to draw multiple zones. Also, I would use fibonacci to at least approximate where the best target will be. Looking at your example you might have ...

MTF Engulf / Engulf fail

Lots of intestinal fortitude to hold for a 140 pip drawdown.

MTF Engulf / Engulf fail

EJ Break of Structure. Will only be looking for longs.

MTF Engulf / Engulf fail

Got lucky and shorted EJ at the 5 minute roadblock which happens to be around the 50% fib. I noticed that price tends to stop around the middle of the roadblock when it moves in line with trend. So, if you're aggressive, you can jump in early hoping ...

MTF Engulf / Engulf fail

I'm kicking myself because I was short from the top at 161.653. My stop loss was too tight and I took myself out. I'm still not a fan of entering right after the confirmation entry. I understand that price can take off without you, that is why you ...

MTF Engulf / Engulf fail

I agree. I'm looking between 160.543 and 160.389 for the next buy as there's tc and lots of fibonacci confluence in the area. If that doesn't hold then 160.050

MTF Engulf / Engulf fail

Got out at breakeven+.

MTF Engulf / Engulf fail

Long EJ. Let's see if the plunge was a stop hunt and we get a reversal.

MTF Engulf / Engulf fail

Hi ITB, For EJ, wouldn't you want to see 161.777 broken first before buying to confirm HH?

MTF Engulf / Engulf fail

Hi ITB, This is my question about EJ in particular. The overall trend, at least from January 7th, is down as we've made lower lows, but the current short-term trend has been higher highs. Which one takes precedence if you're trading a lower time ...

MTF Engulf / Engulf fail

Got whipsawed out of 2 trades in EJ. Lost 2R feeling like a total loser. I did not pull the trigger where the first green checkmark was I also noted where the second turning point was with the second green checkmark Instead, I bought at the 1st X. I ...

MTF Engulf / Engulf fail

Confirmed entry

MTF Engulf / Engulf fail

EJ is approaching a weekly engulfing sell zone. Is the current move up a retrace or a continuation of the trend? When it reaches the sell zone will it be a trend change, retracement or continuation of the uptrend?

MTF Engulf / Engulf fail

It just goes to show that we are just little plankton in a big ocean. I wish this would had been on the ForexFactory calendar.

MTF Engulf / Engulf fail

I was long in EUR/JPY and it was trending nicely in my favor then I got stopped out on the spike. Does anyone know what caused it?

MTF Engulf / Engulf fail