Hi there, been reading through this thread and started trying some trades. Any thoughts on this setup, just honking to watch on Mon before entering a short.

Monthly Profit - Daily Trading using SMA

Ready for long setup, ITB any feedback? Thanks!

MTF Engulf / Engulf fail

ITB, D engulf bounce, 30min failed engulf, enter new engulf.

MTF Engulf / Engulf fail

hi, yes it’s CMC but not a pro account.

MTF Engulf / Engulf fail

thank you again so much I really appreciate you time and patience again! Your feedback is helpin a lot. I have drawn some zone again practicing to see what you think again!

MTF Engulf / Engulf fail

Hi ITB, price at 4 hour engulf, drilling down LTF to 15m until I found a failed engulf. Am I getting close now?

MTF Engulf / Engulf fail

Hi ITP. I have drawn so s from W down to 30. Can you please give me your thoughts on this? Again I thank you as you time is so appreciated! 1) W directional flow is up as recently tested zone below. 2) D is approaching zone above so expect bounce ...

MTF Engulf / Engulf fail

Any thoughts on these zones?

MTF Engulf / Engulf fail

ITB I need more practice but I have posted some more charts for your feedback, thank you again!

MTF Engulf / Engulf fail

thanks again, this is great! inhave tried to draw on a 5min chart here. Two failed engulfs, then a engulf just under current price.

MTF Engulf / Engulf fail

ok great than you so much! sorry if my terminology is wrong but I’ll explain what I mean by the below. failed engulf making the new engulf above price action low risk for a short entry, and the target would be below?

MTF Engulf / Engulf fail

hi ITB thanks for the thread you work and patience it’s fantastic so thank you so much firstly! are my zones along the right track? 4 hour zone indicate a upwards bias to the engulf, then on the LTF wait potentially enter on the engulf below. again, ...

MTF Engulf / Engulf fail

New short position, let’s see how it pans out.

Imbalance is key 🔑🔒

Target reached!

Imbalance is key 🔑🔒

One more, let’s see how they play out.

Imbalance is key 🔑🔒

Here is an example of one played out already, the R:R is huge!

Imbalance is key 🔑🔒

Very interesting!!! I have also been trialling a similar strategy on my demo account using trend lines and basic S&D following an engulf. I am finding the trend lines help confirm zones and give me more confidence to enter a trade. thanks for ...

Imbalance is key 🔑🔒

Hi everyone, I have been reading through this thread and have started several demo trades. I filter for QML patterns on the 1 hour timeframe, I then check the daily to see if PA is reacting to a daily zone, if not I continue filtering, if yes then I ...

Up and under price pattern

Go look at the chart yourself that’s how you will really learn when you see it over and over. Look at the engulfment before the entry, then look further left for the next pullback point which is a R/S flip level which was the entry.

ReadtheMarket - Supply and Demand with Price Action

Short entry, R:R - 1-3

Price is everything