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MTF Engulf / Engulf fail

  • #3,341
  • Jun 17, 2024 9:38am Jun 17, 2024 9:38am
Quoting Inthebox
{quote} {quote} gold today mostly short set up until now, it is furious. {image}
gold long in blue zone direction and entry.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,342
  • Jun 17, 2024 9:41am Jun 17, 2024 9:41am
New to this Malaysian SnR. Could it be applied on trading Gold Futures? How is the win rate in general?
  • #3,343
  • Jun 17, 2024 9:51am Jun 17, 2024 9:51am
Did anyone trade UK 100 @ london open? There was a nice setup 4H+1H eg combo.
Success = Practice + Patience + Persistence
  • #3,344
  • Jun 17, 2024 9:54am Jun 17, 2024 9:54am
Quoting fxpider
Did anyone trade UK 100 @ london open? There was a nice setup 4H+1H eg combo.
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Success = Practice + Patience + Persistence
  • #3,345
  • Jun 17, 2024 10:06am Jun 17, 2024 10:06am
Quoting Inthebox
{quote} today is a public holiday here. placed my trades and going out.
gj long
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,346
  • Jun 17, 2024 10:15am Jun 17, 2024 10:15am
Quoting Inthebox
{quote} gj long {image}
Hi ITB. Curious where your SL &/or cut loss strategy would've been on these trades? It takes alot of conviction of HTF direction to hold the trade when floating drawdown. Thanks
  • #3,347
  • Jun 17, 2024 10:22am Jun 17, 2024 10:22am
Quoting Huber
{quote} Hi ITB. Curious where your SL &/or cut loss strategy would've been on these trades? It takes alot of conviction of HTF direction to hold the trade when floating drawdown. Thanks
i was out the whole day, so i placed SL at previous day low.
if i am at my desk, it would be BE when price went up.
which in this case would got hit.
however i would be around european open to place long again.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,348
  • Jun 17, 2024 10:30am Jun 17, 2024 10:30am
Quoting Inthebox
{quote} gold long in blue zone direction and entry. {image}
that is why do not be greedy.
reason is market is ranging most of the time than trending.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,349
  • Jun 17, 2024 10:25pm Jun 17, 2024 10:25pm
asia session.
every move starts with a consolidation.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,350
  • Jun 18, 2024 12:37am Jun 18, 2024 12:37am
Quoting Inthebox
asia session. every move starts with a consolidation. {image}
so the question is: what can you see inside the consolidation box?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,351
  • Jun 18, 2024 2:41am Jun 18, 2024 2:41am
gj long.
what's inside the consolidation box?
eg, egf, qm combo set up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,352
  • Jun 18, 2024 5:43am Jun 18, 2024 5:43am
Quoting witowito
{quote} I was busy at hme lately so no much time for FF. Do u remember last run TP of H4 ? kind of similar this time the H4 there, 2333 - 2335 level for bulls to rech https://www.forexfactory.com/thread/...0#post14897170 {image} Playing & drawing & forecasting {image}
https://www.forexfactory.com/attachm...6?d=1718365269
Update for the drawing&playing&forecasting
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  • #3,353
  • Jun 18, 2024 9:48am Jun 18, 2024 9:48am
gold blue zone direction and entry long.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,354
  • Jun 18, 2024 9:57am Jun 18, 2024 9:57am
Hope and pray one of this Qm works
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,355
  • Jun 18, 2024 10:33am Jun 18, 2024 10:33am
Quoting melord
Hope and pray one of this Qm works{image}
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Qm within Qm within Qm forever
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,356
  • Jun 18, 2024 10:53am Jun 18, 2024 10:53am
Quoting melord
Hope and pray one of this Qm works{image}
i think
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,357
  • Jun 18, 2024 10:59am Jun 18, 2024 10:59am
Quoting Inthebox
{quote} i think {image}
Exactly this is where I am confused. What made you not consider the lower one as the left shoulder of QM.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,358
  • Jun 18, 2024 11:07am Jun 18, 2024 11:07am
Quoting melord
{quote} Exactly this is where I am confused. What made you not consider the lower one as the left shoulder of QM. {image}
m15 you have the qm and egf.
plus reactions to support and eg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,359
  • Jun 18, 2024 9:07pm Jun 18, 2024 9:07pm
Quoting melord
{quote} Exactly this is where I am confused. What made you not consider the lower one as the left shoulder of QM. {image}
It all depends on the TF and the EG of PA, you are looking at, IMO.

A drill-through view of the posted qm.

1H qm

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30m qm

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15m qm
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5m qm
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Success = Practice + Patience + Persistence
  • #3,360
  • Jun 18, 2024 9:46pm Jun 18, 2024 9:46pm
Quoting melord
{quote} Exactly this is where I am confused. What made you not consider the lower one as the left shoulder of QM. {image}
QM
the left and right Shoulder not always will be the same high / low,
And every pattern will not always be same like in the book.
IMO.
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