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MTF Engulf / Engulf fail

  • #3,841
  • Jul 19, 2024 8:54am Jul 19, 2024 8:54am
Quoting Inthebox
nyse open. i don't know. somehow i don't trust this drop. no news and then drop so fast. {image}
When drop fast normaly is for go up
gold scalp long good result
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  • #3,842
  • Jul 19, 2024 9:05am Jul 19, 2024 9:05am
Quoting Inthebox
nyse open. i don't know. somehow i don't trust this drop. no news and then drop so fast. {image}
Looks like a measured move. 2x range expansion from HoW to LoW.

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Success = Practice + Patience + Persistence
  • #3,843
  • Jul 19, 2024 1:17pm Jul 19, 2024 1:17pm
So basically I just imploded today. I oversized to get my money back. Could have easily cost me dearly. I am embarrassed to post the result. But by embarrassing myself, I hope I don't do it again next week.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,844
  • Jul 19, 2024 10:55pm Jul 19, 2024 10:55pm
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 i can sell above open next week?
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,845
  • Jul 20, 2024 12:37am Jul 20, 2024 12:37am
Quoting melord
{quote} So i can sell above open next week?{image}
3 green candles, 1 red candle.
you see red candle, you want to sell.
if you want to sell, where will be your target for the week?
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,846
  • Jul 20, 2024 12:49am Jul 20, 2024 12:49am
Quoting melord
So basically I just imploded today. I oversized to get my money back. Could have easily cost me dearly. I am embarrassed to post the result. But by embarrassing myself, I hope I don't do it again next week. {image}
examine the trades yourself.
seems to be that you are satisfied with less than 4 pips profit. why?
how long did your trades last on average?
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,847
  • Edited 3:59am Jul 20, 2024 3:49am | Edited 3:59am
Quoting melord
So basically I just imploded today. I oversized to get my money back. Could have easily cost me dearly. I am embarrassed to post the result. But by embarrassing myself, I hope I don't do it again next week. {image}
i did a 3 week review for you on gbpusd on the hourly london open trade set up.
it's up to you whether you want to use the hourly.
you don't get trade set up everyday, but more than enough days for healthy profits.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,848
  • Jul 20, 2024 9:31am Jul 20, 2024 9:31am
Quoting Inthebox
{quote} 3 green candles, 1 red candle. you see red candle, you want to sell. if you want to sell, where will be your target for the week?
You wrote previous week candle gives us the direction that's why I was assuming sell next week. I am guessing the target will be some previous session lows/Previous day low/previous week low?
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,849
  • Jul 20, 2024 9:37am Jul 20, 2024 9:37am
Quoting Inthebox
{quote} examine the trades yourself. seems to be that you are satisfied with less than 4 pips profit. why? how long did your trades last on average?
No way I am not satisfied with only 4 pips. I was tired of losing yesterday so lost my discipline. I wanted to recover my loss fast using higher lots and less pips. I wanted to be at least breakeven for the week.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,850
  • Jul 20, 2024 10:11am Jul 20, 2024 10:11am
Quoting Inthebox
{quote} i did a 3 week review for you on gbpusd on the hourly london open trade set up. it's up to you whether you want to use the hourly. you don't get trade set up everyday, but more than enough days for healthy profits. {image}
Thanks for this.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,851
  • Jul 20, 2024 11:19am Jul 20, 2024 11:19am
Quoting melord
{quote} You wrote previous week candle gives us the direction that's why I was assuming sell next week. I am guessing the target will be some previous session lows/Previous day low/previous week low?
i did not say that. go back and look to compare the candles i wrote about.
the red could not even close below or engulf the green low.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,852
  • Jul 20, 2024 11:25am Jul 20, 2024 11:25am
Quoting melord
{quote} No way I am not satisfied with only 4 pips. I was tired of losing yesterday so lost my discipline. I wanted to recover my loss fast using higher lots and less pips. I wanted to be at least breakeven for the week.
good. so acknowledge and accept that you were over taken by your emotions.Psychology at play.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,853
  • Jul 21, 2024 1:05am Jul 21, 2024 1:05am
Quoting Inthebox
{quote} i did a 3 week review for you on gbpusd on the hourly london open trade set up. it's up to you whether you want to use the hourly. you don't get trade set up everyday, but more than enough days for healthy profits. {image}
Woow!! That's spoon-feeding.

Success = Practice + Patience + Persistence
  • #3,854
  • Jul 21, 2024 1:20am Jul 21, 2024 1:20am
Quoting melord
{quote} ....... I was tired of losing yesterday so lost my discipline. I wanted to recover my loss fast using higher lots and less pips. I wanted to be at least breakeven for the week.
Mate, the brutal truth is that it is a self-sabotage activity. Please take this advice and restrain yourself from digging the grave of your account.
Success = Practice + Patience + Persistence
  • #3,855
  • Jul 21, 2024 2:24am Jul 21, 2024 2:24am
GOLD is in a strong support zone with the confluences of all the HTFs (W, D, and 4H).

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Success = Practice + Patience + Persistence
  • #3,856
  • Jul 21, 2024 7:45am Jul 21, 2024 7:45am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,857
  • Jul 21, 2024 7:50am Jul 21, 2024 7:50am
week end is the time where one can study from youtube peacefully.
water that is not flowing, becomes stagnant and then it breeds all kind of things.
we have to keep on improving and not be stagnant in our learning.
yet we wonder why we could not trade successfully and then we become contempt.
sharing what i am looking at today..
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,858
  • Jul 21, 2024 11:07am Jul 21, 2024 11:07am
Quoting Inthebox
{quote} i did a 3 week review for you on gbpusd on the hourly london open trade set up. it's up to you whether you want to use the hourly. you don't get trade set up everyday, but more than enough days for healthy profits. {image}
further knowledge on the weekly bias.
know the weekly expansion from the weekly open as the large part of the move, and not how the weekly candle is to close.
this talk is gold.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,859
  • Jul 21, 2024 11:42am Jul 21, 2024 11:42am
Quoting Inthebox
{quote} further knowledge on the weekly bias. know the weekly expansion from the weekly open as the large part of the move, and not how the weekly candle is to close. this talk is gold. https://www.youtube.com/watch?v=LRbdf80NEKk
now the daily bias can work in the same way as the weekly bias and aligns with it.
the only way that you are going to learn how to trust the daily bias and know when it is favorable, is to understand these 3 things:
1. economic calender
2. market structure
3. institutional order flow
if the market is moving up, if you see a down closed candle, get ready because it is an opportunity to buy.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,860
  • Jul 21, 2024 11:50am Jul 21, 2024 11:50am
gold weekly analysis.
price had swept the dol and may be heading towards to fvg.
as always when a new high is formed there will some kind of consolidation.
however i reckon that there may some kind of retest, a consequent encroachment of the pin bar.
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ITB - Seeing Orderliness amongst 'Randomness'
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