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MTF Engulf / Engulf fail

  • #3,741
  • Jul 17, 2024 6:50am Jul 17, 2024 6:50am
Quoting Ziemowit
i will try for 3rd rime here {image}
no guarantee

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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,742
  • Jul 17, 2024 7:10am Jul 17, 2024 7:10am
Quoting Inthebox
{quote} 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. {quote}
I completely understand your discomfort with exposing your assets online.
I appreciate the guidance you've provided.
Thanks again for your help and for sharing here this engulf approach!
  • #3,743
  • Jul 17, 2024 8:21am Jul 17, 2024 8:21am
gold took london high liquidity. let's see. nyse open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,744
  • Jul 17, 2024 8:56am Jul 17, 2024 8:56am
Took short. Will long if 15 min closes above 1.3041
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,745
  • Jul 17, 2024 9:14am Jul 17, 2024 9:14am
Quoting melord
Took short. Will long if 15 min closes above 1.3041{image}
a previous example was given to follow.
exactly the same.
not go down, then go up. only one direction. no confusion.
https://www.forexfactory.com/thread/...5#post14933885
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,746
  • Jul 17, 2024 9:15am Jul 17, 2024 9:15am
Quoting melord
Took short. Will long if 15 min closes above 1.3041{image}
These double maribozu can really act as a pain in the ass
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,747
  • Jul 17, 2024 9:25am Jul 17, 2024 9:25am
Quoting Inthebox
{quote} a previous example was given to follow. exactly the same. not go down, then go up. only one direction. no confusion. https://www.forexfactory.com/thread/...5#post14933885 {image}
Why does market open price act like a magnet? I noticed that it seems to attract and reject price
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,748
  • Jul 17, 2024 9:30am Jul 17, 2024 9:30am
Quoting Inthebox
gold took london high liquidity. let's see. nyse open. {image}
gold. many panicked.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,749
  • Jul 17, 2024 9:32am Jul 17, 2024 9:32am
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  • #3,750
  • Jul 17, 2024 9:33am Jul 17, 2024 9:33am
Quoting melord
{quote} Why does market open price act like a magnet? I noticed that it seems to attract and reject price
easy. international traders waiting for actual exchange to open. they don't trade cfd like us small traders.
just like red news.
all these gather the most volume of trades to push prices fast.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,751
  • Jul 17, 2024 9:35am Jul 17, 2024 9:35am
Quoting melord
{quote} These double maribozu can really act as a pain in the ass
New 30 min bearish eg formed. Would like to add position with 5 min confirmation. Gimme 1.3000 TP please. Idk if I can sit tight
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,752
  • Jul 17, 2024 9:48am Jul 17, 2024 9:48am
Quoting melord
{quote} New 30 min bearish eg formed. Would like to add position with 5 min confirmation. Gimme 1.3000 TP please. Idk if I can sit tight
why so eager to trade?
GU and Gold hit new high.
high possibility of consolidation.
why get killed.
wait for tomorrow to get clearer picture.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,753
  • Jul 17, 2024 9:51am Jul 17, 2024 9:51am
hope that today gold candle closes as doji.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,754
  • Jul 17, 2024 10:00am Jul 17, 2024 10:00am
Today, my trades are all over the place. A clear mind is mandatory to have a Green Day.
I am hitting the bed, leaving my last two trades running in the name of GOD.
Success = Practice + Patience + Persistence
  • #3,755
  • Jul 17, 2024 10:15am Jul 17, 2024 10:15am
Quoting melord
{quote} New 30 min bearish eg formed. Would like to add position with 5 min confirmation. Gimme 1.3000 TP please. Idk if I can sit tight
Unfortunately I closed all position and now market will surely speed like a torpedo towards 1.3000.. I didn't make the most of the win today but I am grateful for winning day.
Day 3 result:+20.08
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,756
  • Jul 17, 2024 10:29am Jul 17, 2024 10:29am
Quoting Inthebox
asia open nasdaq. somehow usd and indices in sync. {image}
nasdaq high of the year? LOL.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,757
  • Jul 17, 2024 11:31am Jul 17, 2024 11:31am
Quoting melord
{quote} Unfortunately I closed all position and now market will surely speed like a torpedo towards 1.3000.. I didn't make the most of the win today but I am grateful for winning day. Day 3 result:+20.08{image}
i see that you trade gbpusd.
use this every beginning week to see which direction to trade.
would you do anything different from what you had already traded this week?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,758
  • Jul 17, 2024 11:50am Jul 17, 2024 11:50am
Quoting Inthebox
{quote} i see that you trade gbpusd. use this every beginning week to see which direction to trade. would you do anything different from what you had already traded this week? {image}
So what you are saying is :
Mark the opening price from Sunday when market opens.
If market dips below this weekly opening price then buy?
Buy when price dips below (NY open/ London open/Asia open) AND (simultaneously below weekly open)?
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,759
  • Jul 17, 2024 12:18pm Jul 17, 2024 12:18pm
Quoting Inthebox
{quote} i see that you trade gbpusd. use this every beginning week to see which direction to trade. would you do anything different from what you had already traded this week? {image}
Thanks. I think I got it. Basically, look for only bullish engulfing below weekly open price at Asia/London/Ny open.
Yes I wouldn't have sold in day 2 had i known this. In fact, I would have bought with confidence and held my buy from day 2.
However, you only talked about buys. How would we sell though?
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,760
  • Jul 17, 2024 12:26pm Jul 17, 2024 12:26pm
Quoting melord
{quote} Thanks. I think I got it. Basically, look for only bullish engulfing below weekly open price at Asia/London/Ny open. Yes I wouldn't have sold in day 2 had i known this. In fact, I would have bought with confidence and held my buy from day 2. However, you only talked about buys. How would we sell though?
not only weekly open. look at daily open too.
you should already know that you sell when you see htf engulf.
however now you do not see any because it is all time high.
i showed you twice before already how you sell.
you do not sell until you see m30 engulf tested. remember? i showed twice today. hmmm.... not paying attention.
m30 is not a htf so m30 engulf you scalp only.
ITB - Seeing Orderliness amongst 'Randomness'
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