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MTF Engulf / Engulf fail

  • #261
  • Oct 6, 2023 6:37am Oct 6, 2023 6:37am
Quoting Inthebox
{quote} keep on buying {image}
what to do, long again.
but after the news.
drop after the touch of engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #262
  • Oct 6, 2023 6:39am Oct 6, 2023 6:39am
engulf.
not only to find location for entry
also for target.
and act as road block.
ITB - Seeing Orderliness amongst 'Randomness'
  • #263
  • Oct 6, 2023 6:43am Oct 6, 2023 6:43am
may come back down for the lower support
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ITB - Seeing Orderliness amongst 'Randomness'
  • #264
  • Oct 6, 2023 6:46am Oct 6, 2023 6:46am
Quoting Inthebox
{quote} further buy within htf engulf zone. {image}
followed the range and shorted from 1824 and it going well.

You're awesome @ITB
If you believe in yourself anything is possible !!
  • #265
  • Oct 6, 2023 6:52am Oct 6, 2023 6:52am
Quoting Inthebox
may come back down for the lower support {image}
i got the same view for external liquidity 09.35 there.
but i focus at gu currently.
PA
  • #266
  • Oct 6, 2023 7:41am Oct 6, 2023 7:41am
Quoting imifx
{quote} followed the range and shorted from 1824 and it going well. You're awesome @ITB
gold moves fast.
it will punish those not satisfied with 50 - 100 pips.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #267
  • Oct 6, 2023 8:00am Oct 6, 2023 8:00am
nasdaq like gold moves fast.
m1 scalp.
be satisfied with 50 pips.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #268
  • Oct 6, 2023 8:06am Oct 6, 2023 8:06am
Quoting Inthebox
{quote} gold moves fast. it will punish those not satisfied with 50 - 100 pips. {image}
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If you believe in yourself anything is possible !!
  • #269
  • Oct 6, 2023 8:10am Oct 6, 2023 8:10am
Quoting imifx
{quote} {image}
just because it worked for you for a few days, you increase your position size.
big mistake.
ITB - Seeing Orderliness amongst 'Randomness'
  • #270
  • Edited 8:45am Oct 6, 2023 8:18am | Edited 8:45am
Quoting Inthebox
{quote} just because it worked for you for a few days, you increase your position size. big mistake.
I am learning Ser, I blown many accounts in my last 10 years. Even one in august after taking it to 1800% approx

I will stick to it now, so many things need to be adjusted. I am still tweaking my self. I thank you a lot.

Market is always rando and I learnt it many years ago, may be this will not work in winters or may be work more better.
If you believe in yourself anything is possible !!
  • #271
  • Oct 6, 2023 8:28am Oct 6, 2023 8:28am
Quoting imifx
{quote} I am learning Ser, I blown many accounts in my last 10 years. Even one in august after taking it to 1800% approx I will stick to it now, so many things need to be adjusted. I am still tweaking my self. I thank you a lot. Market is always rando and I learnt it many years ago, may be this will not work in winters or may be work more better. {image}
i can point out 3 things that are the killers:
1. big position size
2. over trading
3. no stop loss

be consistent is most important.
be satisfied with 20% per month like in mar 2023 (hedge fund already happy with 20% per year)
and account won't get blown.

you probably do that because your account size is small.
you can afford to lose it mentality.
but that gives you no discipline and patience to wait for good trades.
ITB - Seeing Orderliness amongst 'Randomness'
  • #272
  • Oct 6, 2023 8:45am Oct 6, 2023 8:45am
Quoting Inthebox
{quote} i can point out 3 things that are the killers: 1. big position size 2. over trading 3. no stop loss be consistent is most important. be satisfied with 20% per month like in mar 2023 (hedge fund already happy with 20% per year) and account won't get blown. you probably do that because your account size is small. you can afford to lose it mentality. but that gives you no discipline and patience to wait for good trades.
Yes, it included everything you quoted. While we compare 20% of a small account we got dissatisfied however in long run with compounding it does miracle. I am trying to 1-2% per day and stop trading after that.
If you believe in yourself anything is possible !!
  • #273
  • Oct 6, 2023 9:26am Oct 6, 2023 9:26am
Quoting imifx
{quote} {image}
Good day, I hope all is well.

I just wanted some advice. What are you thoughts on the following? Thanks in advance

4hr zones
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15 mins entry
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  • #274
  • Oct 6, 2023 10:13am Oct 6, 2023 10:13am
Quoting Silkysilv
{quote} Good day, I hope all is well. I just wanted some advice. What are you thoughts on the following? Thanks in advance 4hr zones {image} 15 mins entry {image}
The OP can correct us,

In my view, GU has broken the long-term downtrend trendline and created a huge Bullish engulf to touch down the recent bearish engulf, as Op taught us how price reacts from one engulf zone to another, however taking a short from current zone is not advisable and we need to wait further. Also, the weekly has touchdown the support and the candle may give a reversal next week but need to wait.
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If you believe in yourself anything is possible !!
  • #275
  • Oct 6, 2023 11:10am Oct 6, 2023 11:10am
gu can do 2 things.
if the top bearish engulf breaks, will go up.
or if come down to the lower engulf fail and bounce up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #276
  • Oct 6, 2023 8:06pm Oct 6, 2023 8:06pm
Quoting Inthebox
{quote} i can point out 3 things that are the killers: 1. big position size 2. over trading 3. no stop loss be consistent is most important. be satisfied with 20% per month like in mar 2023 (hedge fund already happy with 20% per year) and account won't get blown. you probably do that because your account size is small. you can afford to lose it mentality. but that gives you no discipline and patience to wait for good trades.
Well summarized.
Been following your thread and seen the setups, they are good. I prefer support/resistance and your method does just that in a different manner. Good luck and wish you lots of pips.

@imifx : We have all been through this @ some point. Some take longer to mend their ways some learn quick. But better late than never buddy.. mend the rules. 1800% is damn good but then blowing it off is just not sensible trading. Prepare yourself mentally and you will never lose the longer battle.
.
  • #277
  • Edited 10:30pm Oct 6, 2023 9:45pm | Edited 10:30pm
speaking the language of engulfing - horizontally and vertically engulf to engulf
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ITB - Seeing Orderliness amongst 'Randomness'
  • #278
  • Oct 6, 2023 9:59pm Oct 6, 2023 9:59pm
Daily bias and market structure shift, to me, is the most important thing in trading. That's a very well written example.
Trading is gambling. So gamble responsibly.
  • #279
  • Oct 7, 2023 4:13am Oct 7, 2023 4:13am
h4 engulfs to watch
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ITB - Seeing Orderliness amongst 'Randomness'
  • #280
  • Oct 7, 2023 4:50am Oct 7, 2023 4:50am
guys post your h4 engulfs everyday.
h4 will do as it is a medium term view good for intraday trading.
the smallest of all the htf.
ITB - Seeing Orderliness amongst 'Randomness'
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