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MTF Engulf / Engulf fail

  • #4,561
  • Sep 5, 2024 5:11am Sep 5, 2024 5:11am
Quoting Inthebox
{quote} update of performance with Saxo 50:1 leverage. the local brokers here are restricted by the local authority to provide maximum of 50:1 leverage. {image}
That's quite impressive.

Do you go full margin?
Success = Practice + Patience + Persistence
  • #4,562
  • Sep 5, 2024 5:18am Sep 5, 2024 5:18am
Quoting fxpider
{quote} That's quite impressive. Do you go full margin?
no
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,563
  • Sep 5, 2024 11:39am Sep 5, 2024 11:39am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,564
  • Sep 5, 2024 7:41pm Sep 5, 2024 7:41pm
This week trades.
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PA Return Today: na
  • #4,565
  • Sep 5, 2024 9:06pm Sep 5, 2024 9:06pm
what are you observing?
the bueg and beeg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,566
  • Sep 5, 2024 9:25pm Sep 5, 2024 9:25pm
Quoting Inthebox
what are you observing? the bueg and beeg. {image}
live observation.
beeg turning buef.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,567
  • Sep 5, 2024 9:53pm Sep 5, 2024 9:53pm
Quoting Inthebox
{quote} live observation. beeg turning buef. {image}
live observation.
current asia high hit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,568
  • Sep 5, 2024 10:07pm Sep 5, 2024 10:07pm
hope that europe session not ranging and last week equal highs can be hit before 8.30am NY news.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,569
  • Sep 6, 2024 9:01am Sep 6, 2024 9:01am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,570
  • Sep 6, 2024 10:26am Sep 6, 2024 10:26am
Done for the week. I can sleep well now unlike last weekend.

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Green pips to you all.
Success = Practice + Patience + Persistence
  • #4,571
  • Sep 8, 2024 1:08am Sep 8, 2024 1:08am
Quoting Inthebox
{quote} the easiest target is the nearest target. say in a consolidation the average move is 35 to 50 pips. so there are 2 conditions to meet for TP. in the chart during NY session there was a trade entry. the nearest TP that satisfied the conditions of equal highs and 35 to 50 pips. here the TP was hit before the trade entry and came back down, so there was a second chance. if the m15 candle formation did not give you confidence or you missed it, drop to m5. making sure that the above 2 TP conditions are met. or wait for the next market open. yet...
I needed this, thank you so much.
Face 'ur fears & tame 'ur greed
  • #4,572
  • Sep 8, 2024 1:31am Sep 8, 2024 1:31am
Quoting 19monza64
{quote} I have tried in the past to keep open positions like you. 1) 1000 times it goes well but the 1 time it goes wrong you burn your account. 2) By waiting for the BE you lost some nice shorts. It's just my thoughts dictated by experience
Emotions beat reasoning in most cases, especially if one goes all in. Explains why we freeze and do nothing about it, hoping (wisely/ HTF confluence) for BE.
Face 'ur fears & tame 'ur greed
  • #4,573
  • Sep 8, 2024 1:36am Sep 8, 2024 1:36am
Quoting Inthebox
{quote} that's why choose brokers wisely. from 2000:1 to 50:1 leverage. the 95% trigger happy traders choosing 2000:1 1000:1 leverage are digging their own graves.
You got me on that 1000:1
Face 'ur fears & tame 'ur greed
  • #4,574
  • Sep 8, 2024 5:51am Sep 8, 2024 5:51am
I am new to this so please go easy on me. I have read nearly every post and watched all viedos ITB has demonstrated. Price is at all time high so expect consolidation which we did most of last week. I expect price to go down before taking equal highs.
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  • #4,575
  • Sep 8, 2024 7:19am Sep 8, 2024 7:19am
Quoting RieseP
I am new to this so please go easy on me. I have read nearly every post and watched all viedos ITB has demonstrated. Price is at all time high so expect consolidation which we did most of last week. I expect price to go down before taking equal highs. {image}
indeed it is very difficult to analyse now.
gold has been consolidating for almost 3 weeks.
if i am forced to i would go with the h4 QM if h4 can close above the fvg.
h1 had recently formed an intermediate low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,576
  • Sep 8, 2024 6:29pm Sep 8, 2024 6:29pm
My this week bias.
relative equal low and fvg at weekly.
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PA Return Today: na
  • #4,577
  • Sep 8, 2024 7:09pm Sep 8, 2024 7:09pm
Quoting Inthebox
{quote} indeed it is very difficult to analyse now. gold has been consolidating for almost 3 weeks. if i am forced to i would go with the h4 QM if h4 can close above the fvg. h1 had recently formed an intermediate low. {image}
observing to long
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,578
  • Sep 9, 2024 1:14am Sep 9, 2024 1:14am
Quoting LeongPuiy
My this week bias. relative equal low and fvg at weekly. {image}
scalp.
waiting ff and lo start first.
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PA Return Today: na
  • #4,579
  • Sep 9, 2024 2:06am Sep 9, 2024 2:06am
GU: Friday continuation from FVG.

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Success = Practice + Patience + Persistence
  • #4,580
  • Sep 9, 2024 8:32am Sep 9, 2024 8:32am
Quoting fxpider
{quote}....... Let's put the UNICORN model in the competition...... {image}
A small return of 1.6% put me in the top 4% of the competition which proves that staying profitable over a period is hard. However, the return could have been bigger if I had not misunderstood the lot allocation rules for the competition.

This thread is full of gems. You only need to devote yourself to the concepts discussed by ITB.

Duration: 1 month
HTF Direction: 4H and above
Concepts: FVG(unicorn), EG/EF
Instruments: mainly GOLD and NIKKEI.

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Success = Practice + Patience + Persistence
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