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MTF Engulf / Engulf fail

  • #4,681
  • Sep 18, 2024 2:15am Sep 18, 2024 2:15am
london session distribution?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,682
  • Sep 18, 2024 5:53am Sep 18, 2024 5:53am
Quoting Inthebox
london session distribution? {image}
london session manipulation?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,683
  • Sep 18, 2024 2:17pm Sep 18, 2024 2:17pm
Quoting Inthebox
{quote} go for the easiest one. because we cannot predict the price action there. asia low can be TP1.
yesterday low hit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,684
  • Sep 18, 2024 2:30pm Sep 18, 2024 2:30pm
my this week 10 cents a pip one way ticket ride to the south.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,685
  • Sep 18, 2024 2:41pm Sep 18, 2024 2:41pm
'Buy the rumour, sell the news' is a well-worn expression, and in the context of trading, it means that if good news is expected sometime in the future, the price will often move higher in anticipation of that date, but not necessarily after.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,686
  • Sep 18, 2024 7:00pm Sep 18, 2024 7:00pm
Quoting Inthebox
'Buy the rumour, sell the news' is a well-worn expression, and in the context of trading, it means that if good news is expected sometime in the future, the price will often move higher in anticipation of that date, but not necessarily after. {image}
will you take 4h or daily fibo?
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PA
  • #4,687
  • Sep 18, 2024 8:22pm Sep 18, 2024 8:22pm
Quoting LeongPuiy
{quote} will you take 4h or daily fibo? {image}
To me, both are valid. The H4 fibo range starts from the Wednesday low, whereas the daily fibo range starts from the weekly low. However, the critical factor would be the LTF alignment for the chosen HTF fibo. Which TF would you use to see the PA when it's approaching a level?

Also, the H4 market structure is bearish, whereas Daily is still bullish.

H4 Fibo ---> Which LTF for entry?
D1 Fibo ---> Which LTF for entry?
Success = Practice + Patience + Persistence
  • #4,688
  • Edited 9:55pm Sep 18, 2024 9:42pm | Edited 9:55pm
Quoting LeongPuiy
{quote} will you take 4h or daily fibo? {image}
you are still inside the news candles range.
you are also in a triangle.
d1 fvg below.
couple of resistants above.
some sit on their hands and will not trade today.
some will.
which is better for yourself?
if you watch the asia open, then it's up due to d1 PO3 and test of d1 fvg till resistants.
if you wait for europe open, then see that the ltf confirm to trade down.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,689
  • Sep 19, 2024 12:11am Sep 19, 2024 12:11am
Quoting Inthebox
{quote} you are still inside the news candles range. you are also in a triangle. d1 fvg below. couple of resistants above. some sit on their hands and will not trade today. some will. which is better for yourself? if you watch the asia open, then it's up due to d1 PO3 and test of d1 fvg till resistants. if you wait for europe open, then see that the ltf confirm to trade down. {image}
remember right level at the right time.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,690
  • Sep 19, 2024 3:08am Sep 19, 2024 3:08am
Quoting Inthebox
{quote} remember right level at the right time. {image} {image}
cmp at a day open
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,691
  • Sep 19, 2024 3:16am Sep 19, 2024 3:16am
Quoting Inthebox
{quote} cmp at a day open {image}
CMP?
Its all just one persons opinion
  • #4,692
  • Sep 19, 2024 3:17am Sep 19, 2024 3:17am
Quoting axecap
{quote} CMP?
current market price.
PA
  • #4,693
  • Sep 19, 2024 3:20am Sep 19, 2024 3:20am
Quoting LeongPuiy
{quote} current market price.
Thanks
Its all just one persons opinion
  • #4,694
  • Sep 19, 2024 3:58am Sep 19, 2024 3:58am
Will watch this scenario...
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  • #4,695
  • Sep 19, 2024 4:07am Sep 19, 2024 4:07am
Quoting witowito
Will watch this scenario... {image}
another scenario around the same zone.

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Success = Practice + Patience + Persistence
  • #4,696
  • Sep 19, 2024 4:21am Sep 19, 2024 4:21am
Quoting fxpider
{quote} another scenario around the same zone. {image}
3rd scenario same area. I have observed in Topstep discord, many trades have same trade area but different ideas how they got to it.
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I might be wrong , I have been wrong before
  • #4,697
  • Sep 19, 2024 4:56am Sep 19, 2024 4:56am
Quoting witowito
Will watch this scenario... {image}
1st m1 scalp attempt then if m5 provide a clear setup I will play different scenario with the wider TP
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m5
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  • #4,698
  • Sep 19, 2024 5:19am Sep 19, 2024 5:19am
Quoting witowito
{quote} 1st m1 scalp attempt then if m5 provide a clear setup I will play different scenario with the wider TP {image} m5 {image}
Enough for this one
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m30, price reached the higher rectangle (m5 order block/m30 wicks)
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  • #4,699
  • Sep 19, 2024 8:09am Sep 19, 2024 8:09am
Quoting Inthebox
{quote} cmp at a day open {image}
TP hit
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,700
  • Sep 19, 2024 8:17am Sep 19, 2024 8:17am
do journalling on your trades.
grade them ABC.
focus on A and B. keep a record of them for reference.
discard C.
did i choose the right time to trade..
did i wait for the premium/discount market.
did i choose a strong level.
what time frames suit me or mtf.
what pattern did i use for trade entry.
ITB - Seeing Orderliness amongst 'Randomness'
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