MTF Engulf / Engulf fail

Quoting melord

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{quote} Cut loss. Took all my winnings from yesterday plus more. One more buy one last time

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Quoting fxpider

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{quote} 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. Hopping between too many timeframes will end up between two opposing zones most of the time. Stick to one preferred HTF for mapping. Only zoom out to the next HTF if the preferred one is unclear. Stick to one/two LTFs for entry. To trade an RB zone, need to move down to a lower TF than the RB TF. Most importantly, get the context of the previous day/session PA (SH,...

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Quoting tareqhasan11;14933831......... [B

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1. I am felling overexcited in floating profit.[/b] 2. I like quick entry and exit from the market ( which is very bad). How i can increase my trade holding skills. rather than quick entry exit in multiples times in a day. its better to hold 1-2 perfect trade, yes i know this, but still struggling for point 1. How to solve this two any suggestion from seniors. ....

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Quoting fxpider

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{quote} 1. Don't look at the floating profit. Plan your TP ( high probable and realistic one) before the trade, set the TP and SL (based on your risk appetite) then walk away until either gets hit. 2. Take a trade that has HTF confluences. Study the previous charts to build confidence in holding the trade for a longer time and calculate the average duration of those trades. Mindset related to the TP, dealing with the Losses, missed opportunities, and overall risk management is a complex issue that every trader on earth has to deal with. ...

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Quoting Inthebox

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{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}

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Quoting melord

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{quote} I dont wanna get revenge today. Closed for breakeven. Bad day at the office, but I cut loss when I had to. That is the only plus point. Day 1 result: +21.52 {image} Day 2 result: - 24.12 {image}

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Quoting tareqhasan11

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Ah ha, this is a great strategy to learn and practice. I wish if i could hold my last entry opportunity yesterday at 2431. Need to learn few important thing. Anyone here for supporting this 2 issues? from seniors and expert traders. 1. I am felling overexcited in floating profit. 2. I like quick entry and exit from the market ( which is very bad). How i can increase my trade holding skills. rather than quick entry exit in multiples times in a day. its better to hold 1-2 perfect trade, yes i know this, but still struggling...

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Quoting Ziemowit

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We have clear uptrend, but as we cleared all time high we can expect some pullback or only pullback to the broken high level and up again ? {image} {image}

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Quoting Inthebox

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{quote} I have some tp 40-50 pips. Final one around 2440.

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Quoting Ziemowit

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{quote} when was your entry ?

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Quoting Ziemowit

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2468 area will decide if more up or down to come, structure looks like up, but this pinbar on H4 may push it lower, what you think? {image}

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Quoting Inthebox

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{quote} see the benefit of using m30 as monitoring time frame. {image}

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