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My Engulfing/Engulfing failure Entry Journal

  • #21
  • Aug 2, 2024 7:08am Aug 2, 2024 7:08am
confirm with ltf set up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #22
  • Edited 1:40pm Aug 2, 2024 12:39pm | Edited 1:40pm
---Day 6---
Heavy loss -7.7
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #23
  • Aug 4, 2024 12:42am Aug 4, 2024 12:42am
Reflection from past trade
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #24
  • Aug 4, 2024 1:15am Aug 4, 2024 1:15am
Quoting melord
Reflection from past trade{image}
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #25
  • Aug 4, 2024 12:13pm Aug 4, 2024 12:13pm
Quoting melord
{quote} {image}
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #26
  • Edited 12:38pm Aug 5, 2024 12:15pm | Edited 12:38pm
---Day 7---
+3.5
small win big loss. when win, take partial profit and make win smaller. when lose, add and let the loss get bigger. Name of MY game
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #27
  • Aug 6, 2024 7:58am Aug 6, 2024 7:58am
Hope to take long first and then short from 4hr ef all with confirmation
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #28
  • Edited 1:25pm Aug 6, 2024 12:46pm | Edited 1:25pm
---Day 8---
-8.98
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #29
  • Edited 12:53pm Aug 7, 2024 12:10pm | Edited 12:53pm
---Day 9---
+7.94
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #30
  • Aug 8, 2024 8:26am Aug 8, 2024 8:26am
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #31
  • Edited 12:51pm Aug 8, 2024 9:27am | Edited 12:51pm
Quoting melord
{image}
---Day 10---
+10.04
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #32
  • Aug 9, 2024 10:28am Aug 9, 2024 10:28am
---Day 11---
+ 5.2
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #33
  • Aug 12, 2024 10:44pm Aug 12, 2024 10:44pm
---Day 12---
-2.65
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #34
  • Aug 13, 2024 8:41am Aug 13, 2024 8:41am
Was looking to take this long QM within 4hr ef and 1hr eg. No retest opportunity
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #35
  • Aug 14, 2024 8:15pm Aug 14, 2024 8:15pm
Quoting melord
{quote} ---Day 3--- Closed buys at 4hr bearish engulfing zone +7.01{image}
Hello

From Malaysia too, can i ask what tool is this you use to SHOW the Trading PnL?

I am looking for a tool to record my mt5 trading data?

Terima Kasih

Edit: My Advice to Start on H4 Engulfing > Once Price inside the Body of H4 Engulfing Zone, Drop to m5 - m15...Look for another Engulfing, you use this as your Confirmation, Entry After 2 Engulfing....Backtest it.
  • #36
  • Aug 14, 2024 8:30pm Aug 14, 2024 8:30pm
Quoting kkBd
{quote} Hello From Malaysia too, can i ask what tool is this you use to SHOW the Trading PnL? I am looking for a tool to record my mt5 trading data? Terima Kasih Edit: My Advice to Start on H4 Engulfing > Once Price inside the Body of H4 Engulfing Zone, Drop to m5 - m15...Look for another Engulfing, you use this as your Confirmation, Entry After 2 Engulfing....Backtest it.
Hi,
Thanks for your advice on engulfing entry. I am finding difficulty with direction.
And the PNL tool comes with my broker's platform.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #37
  • Edited 8:50pm Aug 14, 2024 8:39pm | Edited 8:50pm
Quoting melord
{quote} Hi, Thanks for your advice on engulfing entry. I am finding difficulty with direction. And the PNL tool comes with my broker's platform.
There is another Journal here also Engulfing and Failed Engulfing...He does similar to what i mentioned

1st Engulfing as Direction, Wait for Retest if that Engulfing as No Retest, look at Smaller TF for Continuation, sooner or Later there will be a Retest, on that Retest...go Micro TF...that is you Entry

Engulfing inside the Engulfing...

1) Set Up
2) Confirmation
3) Entry

Backtest it, you will see results

Now can you tell what it that website you use which showed you trading PnL?

Edit: This is like Spoon Feeding you, which is not a good thing, but okay la

1) H4 Engulfing is you Direction
2) Once Price inside the H4 Engulfing Body
3) Drop to Small Time Frame and watching for another Engulfing
4) any Retest of the 2nd Engulfing is you Entry

Key to Consistent Profits > Is not Direction. Key is STOP LOSS, you must have always. When you are Right< Keep Following the Trend with More Entries, when you are wrong you lose just once. Its so simple, the problem is Execution. This only you can do...you need Hours of Backtesting, never stop
  • #38
  • Aug 14, 2024 8:57pm Aug 14, 2024 8:57pm
Quoting kkBd
{quote} There is another Journal here also Engulfing and Failed Engulfing...He does similar to what i mentioned 1st Engulfing as Direction, Wait for Retest if that Engulfing as No Retest, look at Smaller TF for Continuation, sooner or Later there will be a Retest, on that Retest...go Micro TF...that is you Entry Engulfing inside the Engulfing... 1) Set Up 2) Confirmation 3) Entry Backtest it, you will see results Now can you tell what it that website you use which showed you trading PnL? Edit: This is like Spoon Feeding you, which is not a good...
Thank you.
The PNL tool comes with my broker IG. You have to join them to have access to the PNL tool.
You can join them at www.ig.co.uk
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #39
  • Aug 28, 2024 11:23am Aug 28, 2024 11:23am
---Day13---
Got sidetracked but for good reason(I really hope so). Gave me new insights about direction.
Bystra as direction--> Engulfing--> retest engulf entry.
+11.54
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #40
  • Aug 29, 2024 11:10pm Aug 29, 2024 11:10pm
Took buy on EU. Direction from daily. Engulf in 1hrly.
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Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
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