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MTF Engulf / Engulf fail

  • #4,201
  • Aug 3, 2024 2:44am Aug 3, 2024 2:44am
Quoting Inthebox
{quote} my comments step by step as you wanted to focus on engulf / engulf fail with the w1/d1/h4 combo. i had previously recommended that you use the fibonacci to determine the premium and discount market. {image} {image} {image} {image} {image}
A follow up question. You don't have to answer right now. Its weekend and I don't wanna take all your time.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,202
  • Aug 3, 2024 3:44am Aug 3, 2024 3:44am
do not see too much or get exited for this drop as it was due to a big news event driven one.
this is not normal situation. looks easy after the fact for h4/h1/m15 combo.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,203
  • Edited 10:20am Aug 3, 2024 6:33am | Edited 10:20am
gold analysis for coming week.
as it hangs around the all time high, it would be difficult to make any meaningful directional bias.
it could be slightly to the upside due to the weekly candle, however the daily would have to confirm it.
the 2 daily dojis could be a warning to trade sparingly.

edit: at the same time, d1 price bounced up from fvg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,204
  • Aug 4, 2024 12:14am Aug 4, 2024 12:14am
There was no way I was gonna win in such mess on 22nd. Attachment g
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #4,205
  • Aug 4, 2024 3:23pm Aug 4, 2024 3:23pm
hello,
here my us100 observation
weekly clearly down trend, 3 weekly candles down,
broken TL, price now in RB area and 0.618 last swing from 19.04 - 11.07
also last daily candle closed above weekly res line - this indicate some retrace before more push down,
what do you think ?
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  • #4,206
  • Aug 4, 2024 7:48pm Aug 4, 2024 7:48pm
Quoting Inthebox
gold analysis for coming week. as it hangs around the all time high, it would be difficult to make any meaningful directional bias. it could be slightly to the upside due to the weekly candle, however the daily would have to confirm it. the 2 daily dojis could be a warning to trade sparingly. edit: at the same time, d1 price bounced up from fvg. {image}
will see.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,207
  • Aug 4, 2024 8:06pm Aug 4, 2024 8:06pm
Quoting Ziemowit
hello, here my us100 observation weekly clearly down trend, 3 weekly candles down, broken TL, price now in RB area and 0.618 last swing from 19.04 - 11.07 also last daily candle closed above weekly res line - this indicate some retrace before more push down, what do you think ? {image} {image} {image}
yes retracement to gap.
there's another d1 ef below.
no test of entry tf no trade.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,208
  • Aug 4, 2024 8:27pm Aug 4, 2024 8:27pm
Quoting Inthebox
{quote} will see. {image}
Is that D1 fvg still valid today after 100% mitigation on Friday?
Success = Practice + Patience + Persistence
  • #4,209
  • Aug 4, 2024 8:43pm Aug 4, 2024 8:43pm
Quoting fxpider
{quote} Is that D1 fvg still valid today after 100% mitigation on Friday?
i am not one of those who subscribed to mitigation. it could be a retest of a level.
i hold on to the view that when there's a bounce from d1 fvg, the next objective is bsl.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,210
  • Aug 4, 2024 10:35pm Aug 4, 2024 10:35pm
Quoting Inthebox
{quote} will see. {image}
partial profit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,211
  • Aug 5, 2024 12:55am Aug 5, 2024 12:55am
Quoting Inthebox
{quote} partial profit. {image} {image}
asia session gold results.
floating loss at the moment, will average out costs.
hopefully, today's profits able to mitigate loss, if any.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,212
  • Aug 5, 2024 1:01am Aug 5, 2024 1:01am
OMG! look at NIKKEI. 11% drop!!
Success = Practice + Patience + Persistence
  • #4,213
  • Aug 5, 2024 1:17am Aug 5, 2024 1:17am
Quoting Inthebox
{quote} asia session gold results. floating loss at the moment, will average out costs. hopefully, today's profits able to mitigate loss, if any. {image}
I was bearish, due to the 4H FVG, which is now fully mitigated. I guess, the direction is now to DOL @ PDL and the H4 FVG below the PDL.

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Success = Practice + Patience + Persistence
  • #4,214
  • Aug 5, 2024 1:22am Aug 5, 2024 1:22am
Quoting fxpider
OMG! look at NIKKEI. 11% drop!!
red for indices
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,215
  • Aug 5, 2024 1:25am Aug 5, 2024 1:25am
Quoting Inthebox
{quote} red for indices {image}
I was just wondering if it is a sell-off or loading longs
Success = Practice + Patience + Persistence
  • #4,216
  • Aug 5, 2024 1:35am Aug 5, 2024 1:35am
gold. started accumulating.
what i am interested in seeing is higher lows, particularly that h1 form a swing low.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,217
  • Aug 5, 2024 1:49am Aug 5, 2024 1:49am
Quoting fxpider
{quote} I was just wondering if it is a sell-off or loading longs
Probably both
  • #4,218
  • Aug 5, 2024 2:02am Aug 5, 2024 2:02am
previous week range fibonacci.
1H kind of QM.
and 1H did have unicorn
EG buy at 1h and 4H zone.
i still bullish at gold for current drop.
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PA Return This Week: 41.8%
  • #4,219
  • Aug 5, 2024 2:06am Aug 5, 2024 2:06am
Quoting fxpider
{quote} I was just wondering if it is a sell-off or loading longs
https://www.bloomberg.com/news/video...by-almost-half
https://www.axios.com/2024/08/05/ira...monday-blinken
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,220
  • Edited 3:02am Aug 5, 2024 2:27am | Edited 3:02am
Quoting LeongPuiy
previous week range fibonacci. 1H kind of QM. and 1H did have unicorn EG buy at 1h and 4H zone. i still bullish at gold for current drop. {image} {image}
fibo today range.
get out 3/4 position ,
leave last small and BE.


Edit : out BE soon.
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PA Return This Week: 41.8%
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