MTF Engulf / Engulf fail | Page 189 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Engulf Bar Trading Journal 19 replies

MPE - Momentum, Pullback, Engulf 33 replies

Trade management - moving stops to BE+ after opposing engulf 2 replies

Engulf Alert Indicator 1 reply

MTF Stochastics into MTF Stoch Histogram 8 replies

Attachments: MTF Engulf / Engulf fail
Exit Attachments

MTF Engulf / Engulf fail

  • #3,761
  • Jul 17, 2024 4:04pm Jul 17, 2024 4:04pm
Hello,
i have a question, for that purpose i used your chart
where would you put your stops?
as because of lack of confidence the push to 2483 made me close all my positions in minus.
also this EF makes me consfuse from time to time so when you will have a chance and respond would be great
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
  • #3,762
  • Jul 17, 2024 4:22pm Jul 17, 2024 4:22pm
Quoting Inthebox
{quote} gold. many panicked. {image}
Do You consider any fundamental analysis in your trading? Or only price action as seems You are rather short term trader? Thanks in advance for answer.
  • #3,763
  • Jul 17, 2024 8:51pm Jul 17, 2024 8:51pm
After a disappointing yesterday, today I started with a bang, helped by the AUS employment news.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
Success = Practice + Patience + Persistence
  • #3,764
  • Jul 17, 2024 9:32pm Jul 17, 2024 9:32pm
GOLD: Let's see what it does today.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
Success = Practice + Patience + Persistence
  • #3,765
  • Jul 17, 2024 10:09pm Jul 17, 2024 10:09pm
Morning Mapping Done. waiting for lond and NY. am i did right
Attached Image (click to enlarge)
Click to Enlarge Name: XC1.png Size: 19 KB
  • #3,766
  • Edited 11:00pm Jul 17, 2024 10:09pm | Edited 11:00pm
Quoting Ziemowit
Hello, i have a question, for that purpose i used your chart where would you put your stops? as because of lack of confidence the push to 2483 made me close all my positions in minus. also this EF makes me consfuse from time to time so when you will have a chance and respond would be great {image}
from my weekly analysis, where was my final target? 2450.
after this was achieved, i will be very careful because i expected price to turn down.
as i mentioned before, when price reached a high, it will start ranging considering whether to go further up or turn down.
this is the hardest zone to trade. lots of traders did not know that they are in a killing zone.
see the m30 bearish engulf. how i traded in one direction sell ignoring any buy set ups.
i have a one track mind. taking profits of 40-50 pips in the killing zone.

your SLs are correct but mine is not a hard stop when i am at my computer.
i have to observe what the candle is doing there, how strong it closes in m30 or h1. sometimes can be pin bar.
my style most likely is not suitable for you because i can afford floating loss as i use my previous profits made to buffer all that.
however i never let it eat into my profits that i made during the week. my week is not to be negative.

edit: see i did not close even SL was hit. but you must find your own way that you are comfortable with.
https://www.forexfactory.com/thread/...1#post14934781
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,767
  • Jul 17, 2024 10:16pm Jul 17, 2024 10:16pm
Quoting Wutm4n
{quote} Do You consider any fundamental analysis in your trading? Or only price action as seems You are rather short term trader? Thanks in advance for answer.
i am on the technical analysis side. fundamental only on the red news.
i am an intra day / short term trader. closing trades on the same day 90% of the time.
i have another account for intermediate term swing trading.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,768
  • Jul 17, 2024 10:23pm Jul 17, 2024 10:23pm
Quoting tareqhasan11
Morning Mapping Done. waiting for lond and NY. am i did right {image}
i reckon that this week high has been made.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Click to Enlarge Name: screenshot.png Size: 11 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,769
  • Jul 17, 2024 11:12pm Jul 17, 2024 11:12pm
Quoting Inthebox
{quote} i reckon that this week high has been made. {image} {image}
different chart 4h.
maybe 4H eg to eg.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_9576.png Size: 61 KB
Click to Enlarge Name: IMG_9577.png Size: 59 KB
  • #3,770
  • Jul 17, 2024 11:19pm Jul 17, 2024 11:19pm
Quoting LeongPuiy
{quote} different chart 4h. maybe 4H eg to eg. {image} {image}
the h1 snrc already pre warn the level.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,771
  • Jul 17, 2024 11:24pm Jul 17, 2024 11:24pm
Quoting Inthebox
{quote} the h1 snrc already pre warn the level. {image}
still possible to sweep those short term high at the left,
ytd high i mark it as LTH , but risky yet.
thanks for you sharing buddy
  • #3,772
  • Jul 17, 2024 11:28pm Jul 17, 2024 11:28pm
GOLD is ranging @ yesterday's 50%.
Success = Practice + Patience + Persistence
  • #3,773
  • Jul 17, 2024 11:44pm Jul 17, 2024 11:44pm
Quoting fxpider
GOLD is ranging @ yesterday's 50%.
only 3 things needed.
ltf eg ef, market open, supported by htf eg ef.
and on the side line, premium market.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,774
  • Jul 17, 2024 11:54pm Jul 17, 2024 11:54pm
traders get exited seeing red candle, me too.
sit on my hands, see what tricks they have up their sleeves.
whether there is any manipulation, power of 3.
if go down so what, i just wave bye bye.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,775
  • Jul 18, 2024 12:21am Jul 18, 2024 12:21am
GU: CMP before the news and market open.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
Success = Practice + Patience + Persistence
  • #3,776
  • Jul 18, 2024 12:55am Jul 18, 2024 12:55am
gold.
frankfurt open soon.
watch watch watch.
also watch london open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,777
  • Edited 1:19am Jul 18, 2024 1:01am | Edited 1:19am
Will look for short entry if price sweep asian high or tap OB marked at the top of the range if the price will give sell signal.
Attachment g
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2024-07-18_08-19-26.png Size: 35 KB
  • #3,778
  • Jul 18, 2024 1:40am Jul 18, 2024 1:40am
Quoting fxpider
GU: CMP before the news and market open. {image}
after news
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,779
  • Jul 18, 2024 1:41am Jul 18, 2024 1:41am
Quoting Inthebox
gold. frankfurt open soon. watch watch watch. also watch london open.
frankfurt pushes up, london will drop.
just watch.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,780
  • Jul 18, 2024 2:11am Jul 18, 2024 2:11am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
1 trader viewing now