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

  • #2,901
  • May 21, 2024 12:50am May 21, 2024 12:50am
Quoting LeongPuiy
today premium reach, any reverse is expected. set last buy order stop loss breakeven. scalp for 50 pips and let last for run. {image}
next target is 1H BEEG.
PA Return Today: 16.7%
  • #2,902
  • May 21, 2024 12:55am May 21, 2024 12:55am
Quoting LeongPuiy
today premium reach, any reverse is expected. set last buy order stop loss breakeven. scalp for 50 pips and let last for run. {image}
The marked premium has several bearish confluences.

  1. 1H BEEG
  2. 1H FVG
  3. 15m BUEF
  4. also the PMH as resistance.

I am patiently waiting to see how the price reacts if it reaches one of the above.

Success = Practice + Patience + Persistence
  • #2,903
  • May 21, 2024 1:05am May 21, 2024 1:05am
at the premium of asia range, there's a bearish support become resistant flip.
also be aware that above there's a eg sell.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,904
  • May 21, 2024 2:50am May 21, 2024 2:50am
I know nowsday dxy hard to indicate gold direction,
cause sometime it run the same direction,
but i looking for this relative equal low for gold bull,
the target is 1h BEEG low.
Attached Image(s) (click to enlarge)
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PA Return Today: 16.7%
  • #2,905
  • May 21, 2024 4:03am May 21, 2024 4:03am
Quoting aahmad29
H4 bearish engulfing short position is running from 2420.18 with target of 2405. {image}
Trade closed at BE
Love for all; Hatred for none.
  • #2,906
  • May 21, 2024 4:05am May 21, 2024 4:05am
H1 bullish engulfing. Opened long position at 2419.19 target 2423
Love for all; Hatred for none.
  • #2,907
  • May 21, 2024 4:08am May 21, 2024 4:08am
Quoting LeongPuiy
I know nowsday dxy hard to indicate gold direction, cause sometime it run the same direction, but i looking for this relative equal low for gold bull, the target is 1h BEEG low. {image} {image}
gold hit relative equal high and fvg 1H.
closed and wait for NY now.
no greedy, 50-60 pips done.
PA Return Today: 16.7%
  • #2,908
  • May 21, 2024 4:18am May 21, 2024 4:18am
Quoting aahmad29
H1 bullish engulfing. Opened long position at 2419.19 target 2423
closed 2422.59 at H1 engulfing zone. I miscalculated the target of 2423
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Love for all; Hatred for none.
  • #2,909
  • May 21, 2024 4:18am May 21, 2024 4:18am
Quoting aahmad29
H1 bullish engulfing. Opened long position at 2419.19 target 2423
you have a conflict.
h1 eg buy on a downward sloping trend line with h1 eg sell above.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,910
  • May 21, 2024 4:23am May 21, 2024 4:23am
Quoting Inthebox
{quote} you have a conflict. h1 eg buy on a downward sloping trend line with h1 eg sell above.
I didn’t follow trend line. I took risk and took trade just on engulfing candle. I have multiple H1 zones very close to each other so I took target of closed one for few pips. It was just scalping technique by following engulfing candle
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Love for all; Hatred for none.
  • #2,911
  • May 21, 2024 5:16am May 21, 2024 5:16am
Gold reach 1H BEEG.
Still sit and watching only.
PA Return Today: 16.7%
  • #2,912
  • May 21, 2024 5:25am May 21, 2024 5:25am
Looking at 2429 zone for possible top of this pullback ??
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  • #2,913
  • May 21, 2024 6:03am May 21, 2024 6:03am
Quoting witowito
Looking at 2429 zone for possible top of this pullback ?? {image}
Collecting at 1st TP for my scalps of the day.
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  • #2,914
  • May 21, 2024 6:26am May 21, 2024 6:26am
Asian high for bsl.
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PA Return Today: 16.7%
  • #2,915
  • May 21, 2024 7:00am May 21, 2024 7:00am
Quoting aahmad29
{quote} I didn’t follow trend line. I took risk and took trade just on engulfing candle. I have multiple H1 zones very close to each other so I took target of closed one for few pips. It was just scalping technique by following engulfing candle {image}
So your targets are next EG-zones on the same TF, right? (And you don't map EG-zones on higher TFs to open trades inside them?)
And one more question please: what are your SLs?
Just an opinion. Based on research
  • #2,916
  • May 21, 2024 7:26am May 21, 2024 7:26am
Quoting LeongPuiy
Asian high for bsl. {image}
already cut.
give back few pip.
i am done for today.
PA Return Today: 16.7%
  • #2,917
  • May 21, 2024 8:16am May 21, 2024 8:16am
Quoting since80808
{quote} So your targets are next EG-zones on the same TF, right? (And you don't map EG-zones on higher TFs to open trades inside them?) And one more question please: what are your SLs?
Your first question is very valid and please do not follow me. Inthebox has already mentioned that we need to map higher TF EG and EF zones. I am still learning and trying to implement step by step. I am slow learner. Initially I wanted to practice to mark EG and EF zones on daily timeframe and then H4 and H1. Now I feel more confident to find out zones. Second step which I started practicing was that to observe the price movement between same timeframes. This is not good practice. What I learned from the first post is that we need to map zone in higher TF and look for engulfing candle for entry and target must be smaller TF as compare to parent TF where I am taking entry. Suppose I found bearish engulfing candle on H4 then I should be looking for target zone of H1 or lower TF. I am not yet there and will start this process next week.
Your last question is about SL. There is no fixed SL for me. I use counter trades when I find EF(engulfing fail). Sometimes I am scalping then I keep tight SL just below the entry zone. I prefer using cost averaging.

First post is very detailed post along with videos for clarity.
Love for all; Hatred for none.
  • #2,918
  • May 21, 2024 8:39am May 21, 2024 8:39am
going forward, to prevent any ambiguity on trades taken,
do not post "I bought at XXXXX and TP at XXXXX."
just post the transaction with the chart.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,919
  • May 21, 2024 8:40am May 21, 2024 8:40am
h4 m30 m5 combo.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,920
  • May 21, 2024 9:05am May 21, 2024 9:05am
Quoting Inthebox
h4 m30 m5 combo. {image}
gold sell result
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ITB - Seeing Orderliness amongst 'Randomness'
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