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MTF Engulf / Engulf fail

  • #3,161
  • Jun 3, 2024 2:19am Jun 3, 2024 2:19am
@ITB,

Since the indices have a centralized exchange, I am just wondering why the price differs between the two brokers. Any idea?

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Success = Practice + Patience + Persistence
  • #3,162
  • Jun 3, 2024 2:37am Jun 3, 2024 2:37am
Quoting Inthebox
{quote} watch {image}
gold short results.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,163
  • Edited 2:52am Jun 3, 2024 2:39am | Edited 2:52am
Quoting fxpider
@ITB, Since the indices have a centralized exchange, I am just wondering why the price differs between the two brokers. Any idea? {image}
brokers' are over the counter.
us stock indices open at 9.30am new york time.
only futures are centralized.
but trading futures are expensive.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,164
  • Jun 3, 2024 4:09am Jun 3, 2024 4:09am
Quoting LeongPuiy
{quote} small target asian high 31 {image}
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PA Return Today: -1.4%
  • #3,165
  • Jun 3, 2024 4:18am Jun 3, 2024 4:18am
Quoting Inthebox
{quote} brokers' are over the counter. us stock indices open at 9.30am new york time. only futures are centralized. but trading futures are expensive. {image}
Expensive ? My logic might be wrong but lets take gold.
FXCM no commission but spread 0.33 points
Ninjatrader most expensive commission 3,06$ spread 0.1 points

1 point gold futures contract 100 $
33 $ vs 13,06 $

By trading futures you save 20 $ with each trade.
I might be wrong , I have been wrong before
  • #3,166
  • Jun 3, 2024 4:52am Jun 3, 2024 4:52am
Quoting Inthebox
{quote} here's a gu short m30 eg to eg. cmp now in blue zone. {image}
gu long.
h1 eg to eg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,167
  • Edited 5:36am Jun 3, 2024 5:13am | Edited 5:36am
Quoting Mandariin
{quote} Expensive ? My logic might be wrong but lets take gold. FXCM no commission but spread 0.33 points Ninjatrader most expensive commission 3,06$ spread 0.1 points 1 point gold futures contract 100 $ 33 $ vs 13,06 $ By trading futures you save 20 $ with each trade.
i do not know what is the value for 1 gold futures contract or the actual worth. i have never traded that before.
if the below information is correct, then trading 1 contract is beyond the capability of a normal trader.

whereas for fxcm the spread is 3.3 pips/points?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,168
  • Jun 3, 2024 5:59am Jun 3, 2024 5:59am
watch dow.
upcoming news.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,169
  • Jun 3, 2024 6:58am Jun 3, 2024 6:58am
dow exited before news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,170
  • Jun 3, 2024 7:54am Jun 3, 2024 7:54am
dow short from m30 eg to eg after news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,171
  • Jun 3, 2024 7:08pm Jun 3, 2024 7:08pm
EJ: watch

LTF QML within the HTF QML.

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The same goes to GJ.
Success = Practice + Patience + Persistence
  • #3,172
  • Jun 3, 2024 7:35pm Jun 3, 2024 7:35pm
Quoting fxpider
EJ: watch LTF QML within the HTF QML. {image} {image} The same goes to GJ.
could be h4 eg to eg.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,173
  • Jun 3, 2024 10:50pm Jun 3, 2024 10:50pm
Quoting Inthebox
{quote} i do not know what is the value for 1 gold futures contract or the actual worth. i have never traded that before. if the below information is correct, then trading 1 contract is beyond the capability of a normal trader. whereas for fxcm the spread is 3.3 pips/points? {image} {image} {image}
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31 pips, 0,31 from full point.
You are right trading mini gold, you need bigger account but micro gold is "10 times smaller"

Still futures vs CFD spead is 3 times bigger.
Futures win.
I might be wrong , I have been wrong before
  • #3,174
  • Jun 3, 2024 11:26pm Jun 3, 2024 11:26pm
Quoting fxpider
EJ: watch LTF QML within the HTF QML. {image} {image} The same goes to GJ.
GJ, EJ and UJ result.

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Success = Practice + Patience + Persistence
  • #3,175
  • Jun 3, 2024 11:33pm Jun 3, 2024 11:33pm
Quoting Mandariin
{quote} {image} 31 pips, 0,31 from full point. You are right trading mini gold, you need bigger account but micro gold is "10 times smaller" Still futures vs CFD spead is 3 times bigger. Futures win.
any good broker for FUTURES?
Success = Practice + Patience + Persistence
  • #3,176
  • Jun 4, 2024 1:03am Jun 4, 2024 1:03am
Quoting Inthebox
{quote} could be h4 eg to eg.
ej and gold shorted in red zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,177
  • Jun 4, 2024 1:27am Jun 4, 2024 1:27am
GOLD: what goes down must come up.

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Success = Practice + Patience + Persistence
  • #3,178
  • Jun 4, 2024 1:33am Jun 4, 2024 1:33am
won't be around today.
for those trading gold or other pairs, just wait for price to come into htf direction blue zone.
time it with market open, 8am new york open or 9.30am nyse open.
find your ltf eg buy in the blue zone.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,179
  • Jun 4, 2024 5:46am Jun 4, 2024 5:46am
Hi,

Nice system, I had tried to understand it many years in the past but didn't get it...

Just a quick question, since you look at more than 1 TF and drill from the HTF to the LTF, how many pairs can you watch simultaneously that way?

Cheers
  • #3,180
  • Jun 4, 2024 5:59am Jun 4, 2024 5:59am
Quoting bony14
Hi, Nice system, I had tried to understand it many years in the past but didn't get it... Just a quick question, since you look at more than 1 TF and drill from the HTF to the LTF, how many pairs can you watch simultaneously that way? Cheers
Start with 1 or 2 pairs for a session, then scale up as your skills grow.

It's not worth comparing with ITB, this guy is a BOT.
Success = Practice + Patience + Persistence
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