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MTF Engulf / Engulf fail

  • #3,181
  • Jun 4, 2024 8:03am Jun 4, 2024 8:03am
Quoting fxpider
{quote} 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.
Correct me if I'm wrong, but it's a variation of how redsword11 and RTM are/were trading, correct?

Cheers
  • #3,182
  • Jun 4, 2024 8:06am Jun 4, 2024 8:06am
Quoting bony14
{quote} Correct me if I'm wrong, but it's a variation of how redsword11 and RTM are/were trading, correct? Cheers
Sorry, my friend. I don't know, who they are or their trading style.
Success = Practice + Patience + Persistence
  • #3,183
  • Jun 4, 2024 8:11am Jun 4, 2024 8:11am
Quoting fxpider
{quote} Sorry, my friend. I don't know, who they are or their trading style.
Thank you for answering

Have a great day
  • #3,184
  • Jun 4, 2024 9:29am Jun 4, 2024 9:29am
Quoting fxpider
{quote} any good broker for FUTURES?
I use EdgeClear | Forward-Thinking Futures Broker & Trading Platform and happy with them.
I might be wrong , I have been wrong before
  • #3,185
  • Jun 4, 2024 9:43am Jun 4, 2024 9:43am
Quoting Inthebox
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.
wait for ltf confirmation.
be aware possibility of liquidity sweep.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,186
  • Jun 4, 2024 11:20am Jun 4, 2024 11:20am
gold long exited.
possibility of previous day low liquidity sweep.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,187
  • Jun 4, 2024 11:06pm Jun 4, 2024 11:06pm
Quoting fxpider
GOLD: what goes down must come up. {image}
Phew!

Finally, it reached @NY high.

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Success = Practice + Patience + Persistence
  • #3,188
  • Jun 4, 2024 11:23pm Jun 4, 2024 11:23pm
Quoting fxpider
{quote} Phew! Finally, it reached @NY high. {image}
this is an example that even without accurate entries but if each unit size is small enough not to over trade, one can trade with averaging costs as long as they are still within the htf direction zone.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,189
  • Jun 5, 2024 12:58am Jun 5, 2024 12:58am
gold in red zone at premium.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,190
  • Jun 5, 2024 1:28am Jun 5, 2024 1:28am
gold 135 pips range drop.
anyone shorted it?
not the whole range, but maybe 30 - 60 pips.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,191
  • Jun 5, 2024 1:46am Jun 5, 2024 1:46am
Quoting Inthebox
gold 135 pips range drop. anyone shorted it? not the whole range, but maybe 30 - 60 pips.
I had enough of GOLD fever from last night.

However, watching EU.

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Success = Practice + Patience + Persistence
  • #3,192
  • Jun 5, 2024 1:55am Jun 5, 2024 1:55am
JPY pairs are approaching the EF zone.
Success = Practice + Patience + Persistence
  • #3,193
  • Jun 5, 2024 2:15am Jun 5, 2024 2:15am
My love and luck with indices are ever-growing, I'm still trying out paper trading though.

UK 100: Opening burst.

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Success = Practice + Patience + Persistence
  • #3,194
  • Jun 5, 2024 2:55am Jun 5, 2024 2:55am
Quoting fxpider
My love and luck with indices are ever-growing, I'm still trying out paper trading though. UK 100: Opening burst. {image}
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was this the correct reasoning?
  • #3,195
  • Jun 5, 2024 3:53am Jun 5, 2024 3:53am
Quoting huskyboy
{quote} {image} was this the correct reasoning?
Theoretically, I find your reasoning is also tradeable, even though, you have incorporated the TFs that are completely different from my TF of analysis at the time of the trade.

My reasoning during this trade,

  1. 1H eg at London open
  2. Location of the eg ----> look to the left (confluence)
  3. LTF PA (15m) was also bearish.
  4. Daily OPEN with 15m EG as a potential TP.
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Success = Practice + Patience + Persistence
  • #3,196
  • Jun 5, 2024 3:57am Jun 5, 2024 3:57am
Quoting fxpider
{quote} Theoretically, I find your reasoning is also tradeable, even though, you have incorporated the TFs that are completely different from my TF of analysis at the time of the trade. My reasoning during this trade, 1H eg at London open Location of the eg ----> look to the left (confluence) LTF PA (15m) was also bearish. Daily OPEN with 15m EG as a potential TP.{image}
thank you, different vieuw and great explanation!
  • #3,197
  • Jun 5, 2024 7:54am Jun 5, 2024 7:54am
Quoting Inthebox
gold in red zone at premium. {image}
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and back up from that bueg h4
  • #3,198
  • Jun 5, 2024 8:09am Jun 5, 2024 8:09am
Quoting huskyboy
{quote} {image} and back up from that bueg h4
Let see if we got some nice setup before the news
  • #3,199
  • Jun 5, 2024 8:11am Jun 5, 2024 8:11am
Quoting fxpider
My love and luck with indices are ever-growing, I'm still trying out paper trading though. UK 100: Opening burst. {image}
UK 100 also reversed
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  • #3,200
  • Jun 5, 2024 8:43am Jun 5, 2024 8:43am
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dax from beeg h4 to road block or lower ????
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