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MTF Engulf / Engulf fail

  • #1,621
  • Jan 28, 2024 7:21pm Jan 28, 2024 7:21pm
Quoting melord
{quote} will monitor what 5 min does in this 15 min eg zone{image}
5min has eg and ef in15 min zone. Closed position.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,622
  • Jan 28, 2024 7:31pm Jan 28, 2024 7:31pm
Quoting melord
{quote} 5min has eg and ef in15 min zone. Closed position. {image}
why closed?
many scalpers will think that this will be a good trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,623
  • Jan 28, 2024 7:36pm Jan 28, 2024 7:36pm
Beginning of the weekend, When I started reviewing the concepts and video

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At the end of the weekend, after reviewing the concepts and video,

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I guess, need one more sitting to get it right. Till then no trading.
Success = Practice + Patience + Persistence
  • #1,624
  • Jan 28, 2024 7:50pm Jan 28, 2024 7:50pm
Quoting Inthebox
{quote} why closed? many scalpers will think that this will be a good trade. {image}
honestly I closed because I got lost inside the 5 min timeframe I saw 5min engulf within a 15 min engulf within a 1hr engulf so I thought he wants to go down.
this was just a simulation exercise i was doing to see how price moves from zone to zone
My intention here was to monitor price action within the zone in a live environment and make decisions. It is only training.
I dont even like this 15 min 5 min timeframe. I never trade below 30 min.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,625
  • Jan 28, 2024 7:51pm Jan 28, 2024 7:51pm
Quoting Inthebox
for those who still want to hold will have to monitor m15/m5 for an engulf sell. however you are taking more risk the longer you stay in the market. {image}
m5 exit but m15 still on the run.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,626
  • Jan 28, 2024 8:04pm Jan 28, 2024 8:04pm
Quoting melord
{quote} honestly I closed because I got lost inside the 5 min timeframe I saw 5min engulf within a 15 min engulf within a 1hr engulf so I thought he wants to go down. this was just a simulation exercise i was doing to see how price moves from zone to zone My intention here was to monitor price action within the zone in a live environment and make decisions. It is only training. I dont even like this 15 min 5 min timeframe. I never trade below 30 min.
i was only joking.
here's with direction.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,627
  • Jan 28, 2024 8:06pm Jan 28, 2024 8:06pm
Gold selling opportunity now?
  • #1,628
  • Jan 28, 2024 8:07pm Jan 28, 2024 8:07pm
Quoting fxpider
Beginning of the weekend, When I started reviewing the concepts and video {image} At the end of the weekend, after reviewing the concepts and video, {image} I guess, need one more sitting to get it right. Till then no trading.
i watched the last video 3 times.
many times stop and replay to hear what he was saying.
10 hours spent but worth it. it's a breakthrough.
i may be doing it one more time.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,629
  • Jan 28, 2024 8:10pm Jan 28, 2024 8:10pm
Quoting BDfx77
Gold selling opportunity now?
show your mapping for our input.
pepperstone had a gap. saxo none.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,630
  • Jan 28, 2024 8:16pm Jan 28, 2024 8:16pm
Quoting Inthebox
{quote} i watched the last video 3 times. many times stop and replay to hear what he was saying. 10 hours spent but worth it. it's a breakthrough.
Absolutely. My mind was blown from that video. I am grateful to the teacher and to you for sharing us that gem.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,631
  • Jan 28, 2024 8:45pm Jan 28, 2024 8:45pm
Quoting BDfx77
Gold selling opportunity now?
My bias is long for gold
  • #1,632
  • Jan 28, 2024 8:45pm Jan 28, 2024 8:45pm
Quoting JohanMarais
{quote} My bias is long for gold
it had already moved up 100 pips today.
support your bias with a chart mapping.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,633
  • Jan 28, 2024 8:48pm Jan 28, 2024 8:48pm
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  • #1,634
  • Jan 28, 2024 8:51pm Jan 28, 2024 8:51pm
Quoting JohanMarais
{image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,635
  • Jan 28, 2024 8:54pm Jan 28, 2024 8:54pm
Quoting Inthebox
{quote} {image}
Yes I saw that RB, but that bullish red candle swung it to a bullish bias for the day for me
  • #1,636
  • Jan 28, 2024 9:12pm Jan 28, 2024 9:12pm
will give it a try. Nice explanation
  • #1,637
  • Jan 28, 2024 9:15pm Jan 28, 2024 9:15pm
Quoting JohanMarais
{quote} Yes I saw that RB, but that bullish red candle swung it to a bullish bias for the day for me
what is RB?
your target is at the top some where 2034?
when the current market price is inside the h4 red bearish eg, how would you handle the situation?
or you have a set and forget buy, either hit TP or SL?
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,638
  • Jan 28, 2024 9:25pm Jan 28, 2024 9:25pm
Quoting Inthebox
{quote} what is RB? your target is at the top some where 2034? when the current market price is inside the h4 red bearish eg, how would you handle the situation? or you have a set and forget buy, either hit TP or SL?
I took that trade based on daily TF, looking to trade up to daily EG, SL is at BE, Oh RB is what I all a road block, if it breaks that is where my SL will be moved to.
  • #1,639
  • Jan 28, 2024 9:41pm Jan 28, 2024 9:41pm
Quoting JohanMarais
{quote} I took that trade based on daily TF, looking to trade up to daily EG, SL is at BE, Oh RB is what I all a road block, if it breaks that is where my SL will be moved to.
i see.
my view.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,640
  • Jan 28, 2024 10:12pm Jan 28, 2024 10:12pm
my h4&m30 for GU
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trading is like dancing, don't think and just listen to the music!
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