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MTF Engulf / Engulf fail

  • #3,601
  • Jul 4, 2024 10:12pm Jul 4, 2024 10:12pm
with the trend line break, dH and wH can be expected.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,602
  • Jul 4, 2024 11:32pm Jul 4, 2024 11:32pm
this scalping method of cost averaging caught my attention.
it would be good for days like yesterday or ranging days.
he has a concept of levels as boxes to trade in, with total of 4 boxes.
each box with 4 entries maximum.
each entry will TP with small amount of pips.
1st two boxes are for trading and when price reaches the 3rd and 4th boxes, things are not going your way.
then it would be good to try to get out by break evens.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,603
  • Jul 4, 2024 11:49pm Jul 4, 2024 11:49pm
i applied his concept but with my mtf engulfing method of trading in the m1 scalp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,604
  • Jul 5, 2024 12:11am Jul 5, 2024 12:11am
Wow. Asia moved smoothly today. But I was off.
Success = Practice + Patience + Persistence
  • #3,605
  • Jul 5, 2024 12:17am Jul 5, 2024 12:17am
Quoting Inthebox
i applied his concept but with my mtf engulfing method of trading in the m1 scalp {image}
Big man, you are the best trader I have ever seen for sure. You can trade any method any strategy, any timeframe. You are so disciplined day in day out week in week out year in year out. You also answer any doubt that newbies have. You are so helpful. Usually best traders are retired and they love their peaceful freedom life. They want no headache that comes with teaching needy newbies. You are a great trader as well as a great person. I am so glad that I found this thread. You have done your part. If I don't succeed now in trading, then it is all on me for sure.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,606
  • Jul 5, 2024 12:28am Jul 5, 2024 12:28am
Quoting melord
{quote} Big man, you are the best trader I have ever seen for sure. You can trade any method any strategy, any timeframe. You are so disciplined day in day out week in week out year in year out. You also answer any doubt that newbies have. You are so helpful. Usually best traders are retired and they love their peaceful freedom life. They want no headache that comes with teaching needy newbies. You are a great trader as well as a great person. I am so glad that I found this thread. You have done your part. If I don't succeed now in trading, then...
I completely agree with you. After his mentorship, I can see a big difference in me as a trader.

Thank you SIR, @ITB.
Success = Practice + Patience + Persistence
  • #3,607
  • Jul 5, 2024 12:40am Jul 5, 2024 12:40am
EU, GU, AU and Gold, all look like slowly crawling toward the edge of a cliff as a pre-NFP preparation.
Success = Practice + Patience + Persistence
  • #3,608
  • Jul 5, 2024 12:41am Jul 5, 2024 12:41am
Quoting melord
{quote} Big man, you are the best trader I have ever seen for sure. You can trade any method any strategy, any timeframe. You are so disciplined day in day out week in week out year in year out. You also answer any doubt that newbies have. You are so helpful. Usually best traders are retired and they love their peaceful freedom life. They want no headache that comes with teaching needy newbies. You are a great trader as well as a great person. I am so glad that I found this thread. You have done your part. If I don't succeed now in trading, then...
i do this because i do not want dementia during old age.
that's how i deal with mentally. i still lack behind physically and spiritually.

he mentioned in the beginning of the video, day in day out it's like driving to work.
you leave the house on schedule, you follow the same road.
if anything creeps up in your path, you still get to work on schedule.
you'll have to figure it out.
that's what trading on schedule is.

then you know trading like the back of your hand, whether it takes 5 years, 7 years, 10 years .........
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,609
  • Jul 5, 2024 1:11am Jul 5, 2024 1:11am
took my shower, going out.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,610
  • Jul 5, 2024 1:34am Jul 5, 2024 1:34am
Quoting Inthebox
took my shower, going out.
Enjoy your date and don't forget the
Success = Practice + Patience + Persistence
  • #3,611
  • Jul 5, 2024 1:37am Jul 5, 2024 1:37am
Quoting fxpider
{quote} Enjoy your date and don't forget the
What date?
going out with the boys while wife is working.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,612
  • Jul 5, 2024 1:43am Jul 5, 2024 1:43am
Quoting Inthebox
{quote} What date? going out with the boys while wife is working.
That's also quite good. Enjoy your time out.
Success = Practice + Patience + Persistence
  • #3,613
  • Jul 5, 2024 8:18am Jul 5, 2024 8:18am
gold trading the news
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,614
  • Jul 5, 2024 8:47am Jul 5, 2024 8:47am
gold long continuation m1 tp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,615
  • Jul 5, 2024 10:41am Jul 5, 2024 10:41am
gold.
major target of week high completed.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,616
  • Jul 5, 2024 10:49am Jul 5, 2024 10:49am
Quoting Inthebox
gold. major target of week high completed. {image}
Now ETL to ITL?
Success = Practice + Patience + Persistence
  • #3,617
  • Jul 5, 2024 10:55am Jul 5, 2024 10:55am
Quoting fxpider
{quote} Now ETL to ITL?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,618
  • Jul 5, 2024 11:12am Jul 5, 2024 11:12am
Quoting Inthebox
{quote} {image}
It may grab the internal liquidity first before delivering the higher price further.

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Success = Practice + Patience + Persistence
  • #3,619
  • Jul 5, 2024 8:46pm Jul 5, 2024 8:46pm
gold next week.
looks like it is heading towards red zone.
however after taking the liquidity sweep of mth high, expect some resistant pullback.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,620
  • Jul 5, 2024 8:53pm Jul 5, 2024 8:53pm
i am taking a short one week holiday break in the coming week.
so i won't be around much. take care and trade safe.
ITB - Seeing Orderliness amongst 'Randomness'
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