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Attachments: MTF Engulf / Engulf fail
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MTF Engulf / Engulf fail

  • #1,781
  • Jan 31, 2024 8:40am Jan 31, 2024 8:40am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,782
  • Edited 8:51am Jan 31, 2024 8:41am | Edited 8:51am
Quoting Navidh1991
{quote} Does their direction matter? i mean if i had a sell from a bearish engulf should i consider a bullish engulf as roadblock ? and do you consider them as take profit target ?
it 's a 50/50 situation.
so take partial profit and balance at BE.
if you hit your 1% profit, then you don't have to think so much just exit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,783
  • Jan 31, 2024 8:53am Jan 31, 2024 8:53am
Quoting Inthebox
{quote} it 's a 50/50 situation. so take partial profit and balance at BE. {image}
Thanks. so for long positions bearish engulfs usually act as roadblock and for short positions bullish engulfs ? am i right?
  • #1,784
  • Jan 31, 2024 8:54am Jan 31, 2024 8:54am
Quoting Navidh1991
{quote} Thanks. so for long positions bearish engulfs usually act as roadblock and for short positions bullish engulfs ? am i right?
yes
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,785
  • Jan 31, 2024 9:14am Jan 31, 2024 9:14am
Gold Idk if sells is a good idea.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #1,786
  • Jan 31, 2024 9:28am Jan 31, 2024 9:28am
You guys got balls of steel, I have stopped trading yesterday with al those red envelopes, and month end NFP, so I will start trading on Tuesday again.
  • #1,787
  • Jan 31, 2024 9:43am Jan 31, 2024 9:43am
Would have liked to take this one
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  • #1,788
  • Jan 31, 2024 9:56am Jan 31, 2024 9:56am
Possibility for tomorrow, only my thinking
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  • #1,789
  • Jan 31, 2024 9:57am Jan 31, 2024 9:57am
Have you guys noticed on Gold, that whenever we leave behind long wick( I guess those are long wicks from news) then price will come to fill it? Mostly sooner than later!

BTW I like this concept you providing here. I am going to follow!
  • #1,790
  • Jan 31, 2024 11:16am Jan 31, 2024 11:16am
Quoting melord
Gold Idk if sells is a good idea. {image} {image}
hope you got it
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  • #1,791
  • Edited 4:10pm Jan 31, 2024 3:57pm | Edited 4:10pm
@ITB, could you please tell me which of the following zones should I consider as in the vicinity of the CMP? I am getting lost in the boxes.

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Success = Practice + Patience + Persistence
  • #1,792
  • Jan 31, 2024 5:30pm Jan 31, 2024 5:30pm
Quoting fxpider
@ITB, could you please tell me which of the following zones should I consider as in the vicinity of the CMP? I am getting lost in the boxes. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,793
  • Jan 31, 2024 5:41pm Jan 31, 2024 5:41pm
From my observation, I think if the price respect a zone, we keep trading them until it doesn't. dont need to add all EG/EG until your chart is full and dont know which to see and trade.
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Nikkei setup and trade. (missed nikkei for many good days. ) I have done similar to GU and Gold
  • #1,794
  • Jan 31, 2024 5:45pm Jan 31, 2024 5:45pm
AU: RB to RB for 2xR.

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Success = Practice + Patience + Persistence
  • #1,795
  • Jan 31, 2024 5:48pm Jan 31, 2024 5:48pm
Quoting koken
From my observation, I think if the price respect a zone, we keep trading them until it doesn't. dont need to add all EG/EG until your chart is full and dont know which to see and trade. {image} Nikkei setup and trade. (missed nikkei for many good days. ) I have done similar to GU and Gold
Relax trading.. still learning
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  • #1,796
  • Jan 31, 2024 5:55pm Jan 31, 2024 5:55pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,797
  • Jan 31, 2024 6:32pm Jan 31, 2024 6:32pm
Quoting koken
{quote} Relax trading.. still learning {image} {image}
your last gu trade.
how did you get confirmation to sell?
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,798
  • Jan 31, 2024 6:48pm Jan 31, 2024 6:48pm
just curious.
who is playing this game?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,799
  • Jan 31, 2024 7:06pm Jan 31, 2024 7:06pm
Quoting Inthebox
{image}
i do not use hard SL.
exit when candle close below box.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,800
  • Jan 31, 2024 7:25pm Jan 31, 2024 7:25pm
Quoting Inthebox
{quote} i do not use hard SL. exit when candle close below box. {image}
Sir this is the hardest thing. When do I stop buying in this zone? When do I start selling in that zone? CMP says sell at first then it says buy then it says sell.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
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