MTF Engulf / Engulf fail | Page 185 | Forex Factory

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MTF Engulf / Engulf fail

  • #3,681
  • Jul 15, 2024 4:58am Jul 15, 2024 4:58am
Quoting tareqhasan11
{quote} I will do it sir. and I will follow only one pair. (Gold). Thanks a lot for the nice easy system and supporting others. Will participate regularly with my achievement and mistakes.
right, only when you participate, i can point out where you have gone wrong.
a lot of traders thought that just watching this thread they will know how to trade.
sadly, that's not the reality.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,682
  • Jul 15, 2024 5:14am Jul 15, 2024 5:14am
EU
after your comments on gold, i cannot see any setup with the trend, all i see are countetrades ...
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  • #3,683
  • Jul 15, 2024 6:22am Jul 15, 2024 6:22am
Catch the move from from EF and engulfing planning to hold 2017 at least. lack of confidence.
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  • #3,684
  • Jul 15, 2024 6:51am Jul 15, 2024 6:51am
Quoting Inthebox
{quote} on days such as monday and friday, one can consider divide and conquer. cost averaging from london to new york sessions spreading out with small position sizings. {image}
gold.
doing cost averaging on monday and friday.
slow down during the beginning and end of the week.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,685
  • Jul 15, 2024 6:58am Jul 15, 2024 6:58am
Quoting Ziemowit
EU after your comments on gold, i cannot see any setup with the trend, all i see are countetrades ... {image} {image}
encountering month high strong resistant.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,686
  • Jul 15, 2024 7:02am Jul 15, 2024 7:02am
Quoting tareqhasan11
Catch the move from from EF and engulfing planning to hold 2017 at least. lack of confidence. {image}
instead of closing, put to BE and go for previous day high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,687
  • Jul 15, 2024 7:12am Jul 15, 2024 7:12am
Quoting Inthebox
london open. gold update. did your patience worn out while waiting? {image}
gold today's happening so far.
previous day high target attained.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,688
  • Jul 15, 2024 7:20am Jul 15, 2024 7:20am
US news coming.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,689
  • Jul 15, 2024 7:57am Jul 15, 2024 7:57am
Quoting Ziemowit
EU after your comments on gold, i cannot see any setup with the trend, all i see are countetrades ... {image} {image}
If the setup is there, I am happy to take the trade regardless of the trend. However, in the case of a contra trend, for TP I prefer FIFO (Fast in Fast out) for at least 1:1 or you can do BE and trail the TP. You never know, a new trend always starts as a small counter-trend, JMO.

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Success = Practice + Patience + Persistence
  • #3,690
  • Jul 15, 2024 7:59am Jul 15, 2024 7:59am
Quoting Inthebox
{quote} gold today's happening so far. previous day high target attained. {image}
NY OPEN already made the HOD. let's see if the HOD is the protected one, during the NYSE OPEN.
Success = Practice + Patience + Persistence
  • #3,691
  • Jul 15, 2024 8:22am Jul 15, 2024 8:22am
GOLD: CMP just before the NYSE OPEN.

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Success = Practice + Patience + Persistence
  • #3,692
  • Jul 15, 2024 8:46am Jul 15, 2024 8:46am
Quoting fxpider
GOLD: CMP just before the NYSE OPEN. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,693
  • Jul 15, 2024 8:52am Jul 15, 2024 8:52am
Quoting Inthebox
{quote} {image}
POWELL speaks in 2 hours.
Success = Practice + Patience + Persistence
  • #3,694
  • Jul 15, 2024 9:28am Jul 15, 2024 9:28am
Quoting Inthebox
{quote} {image}
new york session gold.
calling it a day.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,695
  • Jul 15, 2024 11:33am Jul 15, 2024 11:33am
what do you think ? big sell zone,
technical question
when in H4 zone i mark m30 engulf and wait for retest , restest happen on m5 or m15 and i miss the move, im trying not to jump between TF to much as it makes me confused
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  • #3,696
  • Edited 4:15pm Jul 15, 2024 4:02pm | Edited 4:15pm
Quoting Inthebox
{quote} {image}
Hi ITB and FXSpider.

Price was sandwiched between D/H4 opposing zones and an m30 roadblock. What gave you confidence for long bias for NY open? My chart mark up for reference..

Also, what did you target as approx TP?

Thanks in advance
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  • #3,697
  • Jul 15, 2024 9:32pm Jul 15, 2024 9:32pm
Quoting Ziemowit
what do you think ? big sell zone, technical question when in H4 zone i mark m30 engulf and wait for retest , restest happen on m5 or m15 and i miss the move, im trying not to jump between TF to much as it makes me confused {image}
my comments
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,698
  • Jul 15, 2024 10:07pm Jul 15, 2024 10:07pm
Quoting Huber
{quote} Hi ITB and FXSpider. Price was sandwiched between D/H4 opposing zones and an m30 roadblock. What gave you confidence for long bias for NY open? My chart mark up for reference.. Also, what did you target as approx TP? Thanks in advance {image}
my comments
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,699
  • Jul 15, 2024 10:25pm Jul 15, 2024 10:25pm
gold asia open.
today going out..trade safe.
wait and react to price, do not force or predict it.
any queries will have to wait till i am back.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,700
  • Jul 15, 2024 10:28pm Jul 15, 2024 10:28pm
Just completing todays trade drawing. Focusing the two area mostly 2416-2414 and 2404-2401; will try to enter from those two zone based on M5 conformation. Am i draw right. try to draw H1 and M15 EG and EF mainly and mark the fresh zone.
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