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Attachments: MTF Engulf / Engulf fail
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MTF Engulf / Engulf fail

  • #3,701
  • Jul 15, 2024 10:46pm Jul 15, 2024 10:46pm
Quoting tareqhasan11
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. {image}
today i think is consolidation. so anything can happen. that's why i take a break.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,702
  • Jul 15, 2024 10:58pm Jul 15, 2024 10:58pm
Quoting Inthebox
i also realized that it is getting harder to achieve that as the account increased in size. the result of 2 weeks trading. discipline, patience, consistency. {image}
an update to encourage i hope.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,703
  • Jul 16, 2024 2:10am Jul 16, 2024 2:10am
with london open, i wonder whether gold would drop to around 2420 if able to sweep asia high liquidity.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,704
  • Jul 16, 2024 4:36am Jul 16, 2024 4:36am
Quoting Inthebox
{quote} an update to encourage i hope. {image}
Thank you for sharing that; it's very encouraging.
If possible, could you please share the detailed statement for that account for the specified month? This would greatly benefit those who wish to analyze every trade, including where it was opened, where it was closed, and other details.
Of course, you don't have to do this if you feel uncomfortable. The primary purpose is to study more deeply how you manage and execute your positions.
  • #3,705
  • Edited 5:28am Jul 16, 2024 5:17am | Edited 5:28am
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}
I had the same view as ITB's response, which should clear your doubt regarding the bias.

As I am still learning the ITB's framework, here are some key notes from my experiences.

  1. Hopping between too many timeframes will end up between two opposing zones most of the time.
  2. Stick to one preferred HTF for mapping. Only zoom out to the next HTF if the preferred one is unclear.
  3. Stick to one/two LTFs for entry.
  4. To trade an RB zone, need to move down to a lower TF than the RB TF.
  5. Most importantly, get the context of the previous day/session PA (SH, HH/HL, SnR, DoL, etc) to form a bias for the following day/session.
  6. Whenever, a chart confuses you, stay out of it until it becomes clearer.
  7. Print off 100 charts of a similar setup to explore the trading opportunities in hindsight.

Success = Practice + Patience + Persistence
  • #3,706
  • Jul 16, 2024 5:27am Jul 16, 2024 5:27am
Quoting Inthebox
{quote} an update to encourage i hope. {image}
That's quite impressive.

There is no visible resistance in the chart , a typical parabolic setup.
Success = Practice + Patience + Persistence
  • #3,707
  • Jul 16, 2024 5:40am Jul 16, 2024 5:40am
Quoting Inthebox
with london open, i wonder whether gold would drop to around 2420 if able to sweep asia high liquidity.
2450 is at risk.
Success = Practice + Patience + Persistence
  • #3,708
  • Jul 16, 2024 7:56am Jul 16, 2024 7:56am
Quoting fxpider
GOLD is approaching a pretty sketchy TOP. {image}
The reaction was epic.

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Success = Practice + Patience + Persistence
  • #3,709
  • Jul 16, 2024 8:10am Jul 16, 2024 8:10am
GU. Hope this NYSE open gives me a good 15 min entry. I am ready for trade#2
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,710
  • Jul 16, 2024 8:35am Jul 16, 2024 8:35am
Quoting melord
GU. Hope this NYSE open gives me a good 15 min entry. I am ready for trade#2{image}
Baby give me short confirmation in the 4hr red zone please
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,711
  • Jul 16, 2024 8:52am Jul 16, 2024 8:52am
Quoting melord
{quote} Baby give me short confirmation in the 4hr red zone please
Small buy position taken.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,712
  • Jul 16, 2024 9:01am Jul 16, 2024 9:01am
Quoting melord
{quote} Small buy position taken.
Bias flip to long unless 15 min close below 2950 then cut loss and take short again
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,713
  • Jul 16, 2024 9:41am Jul 16, 2024 9:41am
Quoting melord
{quote} Bias flip to long unless 15 min close below 2950 then cut loss and take short again
Cut loss
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,714
  • Jul 16, 2024 9:42am Jul 16, 2024 9:42am
Quoting Inthebox
coming week simple analysis. don't you think that with the hhhl gold is gravitating to the month high? it took the liquidity pool but bounced up again. {image}
almost there.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,715
  • Jul 16, 2024 9:58am Jul 16, 2024 9:58am
Quoting melord
{quote} Cut loss
Some short position taken
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,716
  • Jul 16, 2024 9:59am Jul 16, 2024 9:59am
Quoting witowito
{quote} Thank you for sharing that; it's very encouraging. If possible, could you please share the detailed statement for that account for the specified month? This would greatly benefit those who wish to analyze every trade, including where it was opened, where it was closed, and other details. Of course, you don't have to do this if you feel uncomfortable. The primary purpose is to study more deeply how you manage and execute your positions.
i do not feel comfortable exposing my assets to the internet.
however at the beginning of the week, i did gave the week ahead analysis on the htf direction.
If you want to study more deeply, just follow from 15jun onward of every post i made thereafter concerning gold.
the entries and exits were almost identical in the mt platform of which i had a bigger account.
Quoting Inthebox
{quote} gold. potential rise is around 2380 if there is still no successful m30 retest of a bearish engulf fail. {image}
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,717
  • Jul 16, 2024 10:06am Jul 16, 2024 10:06am
Quoting melord
{quote} Some short position taken
This mothafucka killin me both ways
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,718
  • Jul 16, 2024 10:10am Jul 16, 2024 10:10am
Quoting Inthebox
{quote} almost there. {image}
i am back and watching only m30 for eg ef to sell.
no set up, no trade.
at this moment, it is better to entry later than to be in a hurry just to gain a few more pips advantage.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,719
  • Jul 16, 2024 10:39am Jul 16, 2024 10:39am
Quoting melord
{quote} This mothafucka killin me both ways
Cut loss. Took all my winnings from yesterday plus more. One more buy one last time
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,720
  • Jul 16, 2024 10:43am Jul 16, 2024 10:43am
Quoting Inthebox
{quote} i am back and watching only m30 for eg ef to sell. no set up, no trade. at this moment, it is better to entry later than to be in a hurry just to gain a few more pips advantage. {image}
history new high again
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