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MTF Engulf / Engulf fail

  • #4,001
  • Jul 25, 2024 7:42pm Jul 25, 2024 7:42pm
Quoting fxpider
{quote} {image}
your limit order is based on ifvg unicorn?
still, most important is htf support resistant plus market open.
better if coupled with qm.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,002
  • Jul 25, 2024 7:48pm Jul 25, 2024 7:48pm
Quoting fxpider
{quote} The eql high @2376.
GOLD: Target achieved.

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Success = Practice + Patience + Persistence
  • #4,003
  • Jul 25, 2024 7:51pm Jul 25, 2024 7:51pm
i was late and got the crumbs, but those were big ones.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,004
  • Jul 25, 2024 7:56pm Jul 25, 2024 7:56pm
see whether it goes up to the weekly range premium.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,005
  • Jul 25, 2024 8:00pm Jul 25, 2024 8:00pm
Quoting Inthebox
i was late and got the crumbs, but those were big ones. {image}
Sometimes, crumbs taste better too.
Success = Practice + Patience + Persistence
  • #4,006
  • Jul 25, 2024 8:10pm Jul 25, 2024 8:10pm
I am still skeptical of this upmove. There are lots of bearish arguments. Either way, ASIA ad LON only serves the Entree, the main is reserved for the US session.

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Success = Practice + Patience + Persistence
  • #4,007
  • Jul 25, 2024 8:29pm Jul 25, 2024 8:29pm
Quoting fxpider
I am still skeptical of this upmove. There are lots of bearish arguments. Either way, ASIA ad LON only serves the Entree, the main is reserved for the US session. {image}
yes. by the end of the day, we shall know whether the htf support is a true one.
at the moment, one can only use the ltf price action to make a judgement.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,008
  • Jul 25, 2024 9:31pm Jul 25, 2024 9:31pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,009
  • Jul 25, 2024 9:37pm Jul 25, 2024 9:37pm
Maybe this.
will wait FF and LO first.
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PA
  • #4,010
  • Jul 25, 2024 9:55pm Jul 25, 2024 9:55pm
Quoting LeongPuiy
Maybe this. will wait FF and LO first. {image}
you can take note of the h1 fvg.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,011
  • Jul 25, 2024 10:23pm Jul 25, 2024 10:23pm
why cmp some kind of reaction? quick investigate.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,012
  • Jul 25, 2024 11:05pm Jul 25, 2024 11:05pm
Quoting Inthebox
why cmp some kind of reaction? quick investigate. {image}
we touched 15m FVG
so now for me perfect buy would come if we touch 2363 what you think?
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  • #4,013
  • Jul 25, 2024 11:34pm Jul 25, 2024 11:34pm
Quoting Ziemowit
{quote} we touched 15m FVG so now for me perfect buy would come if we touch 2363 what you think? {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,014
  • Jul 25, 2024 11:40pm Jul 25, 2024 11:40pm
if you do not know the name, you should go to youtube to search for it or just remain passive.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,015
  • Jul 25, 2024 11:49pm Jul 25, 2024 11:49pm
VOCAB:

Consequent encroachment = when an FVG is filled by 50%
FVG = Fair value gap
FVA = Fair value area
Unicorn = BB overlapped with an FVG
BB = Breaker Block
Success = Practice + Patience + Persistence
  • #4,016
  • Jul 25, 2024 11:50pm Jul 25, 2024 11:50pm
Hey ITB,
I hope you're all doing well!
I've been following the recent trades and had a few questions that I hope someone can help me with:

  1. Losses and Stop Losses: Can anyone share where they set their stop losses and the losses they took? I'm curious about how you manage to cut losses.
  2. Trade Additions: At what point do you stop adding to your trades and cut them? Would love to hear your strategies on scaling in and out.
  3. Drawdown: What's the max drawdown you've experienced during these trades? Understanding the risk involved would be super helpful.

Thanks a bunch for any insights you can share!
Cheers,

  • #4,017
  • Jul 25, 2024 11:58pm Jul 25, 2024 11:58pm
you learn a lot from this short video.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,018
  • Jul 26, 2024 12:53am Jul 26, 2024 12:53am
Quoting witowito
Hey ITB, I hope you're all doing well! I've been following the recent trades and had a few questions that I hope someone can help me with: Losses and Stop Losses: Can anyone share where they set their stop losses and the losses they took? I'm curious about how you manage to cut losses. Trade Additions: At what point do you stop adding to your trades and cut them? Would love to hear your strategies on scaling in and out. Drawdown: What's the max drawdown you've experienced during these trades? Understanding the risk involved would be super helpful....
i do not know your style of trading, so i shall just say mine.
my profit and loss is governed by my weekly performance. so even i lost for the day, i am not bothered by it.
i have 2 styles. sometimes they are off as we are still emotional beings.
1. Losses and Stop Losses: Can anyone share where they set their stop losses and the losses they took? I'm curious about how you manage to cut losses.
1. Drawdown: What's the max drawdown you've experienced during these trades? Understanding the risk involved would be super helpful.
2. Trade Additions: At what point do you stop adding to your trades and cut them? Would love to hear your strategies on scaling in and out.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,019
  • Jul 26, 2024 1:54am Jul 26, 2024 1:54am
Either up or down, at least move, please.
Success = Practice + Patience + Persistence
  • #4,020
  • Jul 26, 2024 1:59am Jul 26, 2024 1:59am
Quoting Inthebox
{quote} i do not know your style of trading, so i shall just say mine. my profit and loss is governed by my weekly performance. so even i lost for the day, i am not bothered by it. i have 2 styles. sometimes they are off as we are still emotional beings. 1. Losses and Stop Losses: Can anyone share where they set their stop losses and the losses they took? I'm curious about how you manage to cut losses. 1. Drawdown: What's the max drawdown you've experienced during these trades? Understanding the risk involved would be super helpful. 2. Trade Additions:...
I use hedge order stop as my stoploss, exp_I buy gold as 2355, so i put my sell stop at 2352 as my stoploss. if order hit, I will wait price reserve, so i don't lose any money, but you have to patience and always have stoploss order aka hedge
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