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MTF Engulf / Engulf fail

  • #4,081
  • Jul 30, 2024 7:48am Jul 30, 2024 7:48am
Quoting witowito
{quote} r u playing longs till new highs isnt u ?
25jul high is target. next 29jul high.
just take partial profits on way up, can never tell.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,082
  • Jul 30, 2024 7:53am Jul 30, 2024 7:53am
Quoting melord
5 min buy unicorn formed. Dont wanna get killed by news though.{image}
wanna take short exactly at ny open price. 1.28332
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,083
  • Jul 30, 2024 8:10am Jul 30, 2024 8:10am
Quoting Inthebox
{quote} 25jul high is target. next 29jul high. just take partial profits on way up, can never tell.
Understand...
I hold a high-time-frame short bias, with an initial target at the 2350 area, followed by a secondary target at 2326.
  • #4,084
  • Jul 30, 2024 8:31am Jul 30, 2024 8:31am
Quoting witowito
{quote} Continuing with today's scenario, I will focus on these two levels. {image} Thanks to FXspider for the reminder about the big data week. The price might behave tricky until those numbers are released, setting the stage for a significant move. I will trade level by level.
Finally moving...
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Cash and collect as one mate used to said... for my daily needs.
  • #4,085
  • Jul 30, 2024 9:37am Jul 30, 2024 9:37am
Quoting Inthebox
{quote} confidence in h4 eg. {image}
you Saved me today
  • #4,086
  • Jul 30, 2024 9:58am Jul 30, 2024 9:58am
Quoting Inthebox
bearish unicorn reversed. the bullish fvg negated the bearish fvg. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,087
  • Jul 30, 2024 10:06am Jul 30, 2024 10:06am
Quoting Inthebox
{quote} 25jul high is target. next 29jul high. just take partial profits on way up, can never tell.
targets reached.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,088
  • Jul 30, 2024 10:07am Jul 30, 2024 10:07am
Quoting Inthebox
{quote} {image}
i end with red today.
wrong direction.
should have follow current PA than predict.
PA
  • #4,089
  • Jul 30, 2024 7:17pm Jul 30, 2024 7:17pm
Quoting LeongPuiy
{quote} i end with red today. wrong direction. should have follow current PA than predict.
if only you remember to look at the big picture first before trading.
and write a story line to determine which direction to trade for the day.
and patiently wait for it.
getting lost in small time frames killing zones are for retailers. the big players know that very well.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,090
  • Jul 30, 2024 8:30pm Jul 30, 2024 8:30pm
application of my previous post above.
asia session.
the power of 3.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,091
  • Jul 30, 2024 9:03pm Jul 30, 2024 9:03pm
Quoting Inthebox
{quote} if only you remember to look at the big picture first before trading. and write a story line to determine which direction to trade for the day. and patiently wait for it. getting lost in small time frames killing zones are for retailers. the big players know that very well. {image}
noted.
i obsess for the weekly fvg down there, so keep short.
PA
  • #4,092
  • Jul 30, 2024 9:15pm Jul 30, 2024 9:15pm

  1. Determine higher time frame direction, whether it is trend continuation or retracement / road block.
  2. Make use of Power of 3 on week, day, section open.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,093
  • Jul 30, 2024 9:56pm Jul 30, 2024 9:56pm
there could also be a quick exhaustive run to the top.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,094
  • Jul 30, 2024 10:26pm Jul 30, 2024 10:26pm
ranging.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,095
  • Jul 30, 2024 10:58pm Jul 30, 2024 10:58pm
Quoting Inthebox
ranging. {image}
Monday's low could potentially be the low of this week.

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Success = Practice + Patience + Persistence
  • #4,096
  • Jul 31, 2024 4:18am Jul 31, 2024 4:18am
london session ranging.
however there was a unicorn holding up at the bottom.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,097
  • Jul 31, 2024 4:28am Jul 31, 2024 4:28am
Hi,
clear div on H4,
lower m30 fvg in premium discount zone, for longs
what is your view?
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  • #4,098
  • Jul 31, 2024 4:48am Jul 31, 2024 4:48am
Quoting Ziemowit
Hi, clear div on H4, lower m30 fvg in premium discount zone, for longs what is your view? {image} {image}
does not make sense to long as price is in premium market and near the 2 resistant.
maybe you can look to sell after red news, but you have plenty of news, also FOMC.
i think better to keep out.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,099
  • Jul 31, 2024 5:15am Jul 31, 2024 5:15am
JPY traders are making shit loads of money today.
Success = Practice + Patience + Persistence
  • #4,100
  • Jul 31, 2024 5:22am Jul 31, 2024 5:22am
Quoting Inthebox
london session ranging. however there was a unicorn holding up at the bottom. {image}
Does it mean that you are holding longs before the news, isn't it?
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