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MTF Engulf / Engulf fail

  • #3,961
  • Jul 24, 2024 8:36am Jul 24, 2024 8:36am
Quoting Inthebox
{quote} defensive play. note all the day and session lows. also a probable unicorn in the making. {image}
Ultra-defensive mode is on. I closed my position with 40+ pips. There is no need to hold during the news.
Success = Practice + Patience + Persistence
  • #3,962
  • Jul 24, 2024 8:40am Jul 24, 2024 8:40am
Quoting Inthebox
{quote} defensive play. note all the day and session lows. also a probable unicorn in the making. {image}
High probability of a deep retracement, considering that the CMP is above the NYSE open. Accumulation?
Success = Practice + Patience + Persistence
  • #3,963
  • Jul 24, 2024 8:54am Jul 24, 2024 8:54am
it got the mid consequent encroachment.
maybe the 2435 is possible.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,964
  • Jul 24, 2024 9:51am Jul 24, 2024 9:51am
nasdaq
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,965
  • Jul 24, 2024 10:03am Jul 24, 2024 10:03am
Quoting Inthebox
gold results. holding onto one trade. {image}
continuation.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,966
  • Jul 24, 2024 10:11am Jul 24, 2024 10:11am
Quoting Inthebox
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. {image}
from the beginning of the week analysis to now.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,967
  • Jul 24, 2024 10:25am Jul 24, 2024 10:25am
Quoting Inthebox
{quote} from the beginning of the week analysis to now. {image}
Success = Practice + Patience + Persistence
  • #3,968
  • Jul 24, 2024 10:48am Jul 24, 2024 10:48am
this is just for fun. do not follow.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,969
  • Jul 24, 2024 11:24am Jul 24, 2024 11:24am
lower level.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,970
  • Jul 24, 2024 11:30am Jul 24, 2024 11:30am
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,971
  • Jul 24, 2024 11:47am Jul 24, 2024 11:47am
jagged vs smooth
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,972
  • Jul 24, 2024 12:14pm Jul 24, 2024 12:14pm
Quoting Inthebox
lower level. {image} {image}
time.
not the right time to trade during new york lunch.
probably better after lunch.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,973
  • Jul 24, 2024 8:52pm Jul 24, 2024 8:52pm
Quoting Inthebox
{quote} if you are worried, trade half an hour or one hour after the news when things have settled down.
Thank you for your idea, this is a good suggestion and seems worth trying
I trade at FXOpen
  • #3,974
  • Jul 24, 2024 8:56pm Jul 24, 2024 8:56pm
may be a difficult day.
if the weekly candle closes below the previous candle low, then it will be bearish.
same goes with the daily candle.
looks like the high of the week has been established with the 3 h4 candles.
however, we are now at a support.
will thursday be the low of the week or will it be friday?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,975
  • Jul 24, 2024 9:37pm Jul 24, 2024 9:37pm
Quoting Inthebox
may be a difficult day. if the weekly candle closes below the previous candle low, then it will be bearish. same goes with the daily candle. looks like the high of the week has been established with the 3 h4 candles. however, we are now at a support. will thursday be the low of the week or will it be friday? {image} {image}
for CMP,
it seem heading toward to your weekly fvg analysis.
lucky i close it bfr went to bed, still 20-30 pips to premium 50%, but market dump it first.
PA Return Today: 12.8%
  • #3,976
  • Jul 24, 2024 9:54pm Jul 24, 2024 9:54pm
Quoting LeongPuiy
{quote} for CMP, it seem heading toward to your weekly fvg analysis. lucky i close it bfr went to bed, still 20-30 pips to premium 50%, but market dump it first.
heading there but may not be this week.
consolidation to come before that and what happen if a break away upwards.
a fragment of my imagination below.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,977
  • Jul 24, 2024 10:09pm Jul 24, 2024 10:09pm
GOLD might be heading towards the weekly FVG. My POI for potential SHORT and LONG. What a dump during ASIA! It's not even retracing to get in.

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Success = Practice + Patience + Persistence
  • #3,978
  • Jul 24, 2024 10:43pm Jul 24, 2024 10:43pm
if we small time traders are able to locate the institutional support and resistant
wouldn't our time out here be a breeze.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,979
  • Jul 24, 2024 11:06pm Jul 24, 2024 11:06pm
Quoting Inthebox
if we small time traders are able to locate the institutional support and resistant wouldn't our time out here be a breeze. {image}
Things get messy when the market deceives us like this.

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Success = Practice + Patience + Persistence
  • #3,980
  • Jul 24, 2024 11:12pm Jul 24, 2024 11:12pm
kind of smiliar but not exact the same ,
after reach EG, fvg or premium /discount.
Sideway now.
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PA Return Today: 12.8%
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