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MTF Engulf / Engulf fail

  • #4,701
  • Sep 19, 2024 11:37pm Sep 19, 2024 11:37pm
Gold still strong uptrend
PA Return Today: -2.7%
  • #4,702
  • Sep 20, 2024 12:34am Sep 20, 2024 12:34am
london session.
looking for counter trend if there is ltf confirmation.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,703
  • Sep 20, 2024 6:02am Sep 20, 2024 6:02am
new york session
watching for a close below swing low
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,704
  • Sep 20, 2024 6:50am Sep 20, 2024 6:50am
Quoting Inthebox
new york session watching for a close below swing low {image}
if we take that last low this is set up ?
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  • #4,705
  • Sep 20, 2024 7:04am Sep 20, 2024 7:04am
Quoting Ziemowit
{quote} if we take that last low this is set up ? {image}
don't know will come back to fvg or not.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,706
  • Sep 22, 2024 12:52pm Sep 22, 2024 12:52pm
Hello friends,
plan on friday was to sell after taking last low, all in the chart,
low was not taken, but greedy me entered sells anyway, now on DD,
all HTF shows bulls, only m30 show some potential of correction in my opinion but its based od divergence
would be great to have the chance to get out of this trades at 2600 but maybe its just wishfull thinking
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  • #4,707
  • Sep 22, 2024 6:42pm Sep 22, 2024 6:42pm
an approach to trading

say for example with 1 lot of 10 units to trade with.
1. medium term approach. cost averaging. 2 units each trade with 5 chances of averaging.
2. short term or scalping approach till the next one or two swing. 1 lot of 10 units each trade.

so you see that with cost averaging, one can take his own sweet time spreading out his risks.
whereas trading with higher unit size has to be on full alert for the short term or scalping period to take profit or cut loss fast.

to be continued next on entry time frames.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,708
  • Sep 22, 2024 6:45pm Sep 22, 2024 6:45pm
previously i had already mentioned the time frames and the pattern to watch out for.

HTF direction - h4 (minimum) and above.
LTF entry - h1 and below. h1 and m30 for trading against the trend and also normal trading. m15 and below for normal trading.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,709
  • Sep 22, 2024 7:03pm Sep 22, 2024 7:03pm
Counter trend
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,710
  • Sep 22, 2024 7:46pm Sep 22, 2024 7:46pm
even regardless of trend, m5 short term winner. not that i recommend it.
so that's no such thing as what is the best entry time frame to use.
trading is all about probability.
one man's meat is another man's poison.
it all depends on your own personality and how risk adversed you are.
if you yourself do not know, how do you suppose others to know for you?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,711
  • Sep 22, 2024 8:25pm Sep 22, 2024 8:25pm
Quoting Inthebox
even regardless of trend, m5 short term winner. not that i recommend it. so that's no such thing as what is the best entry time frame to use. trading is all about probability. one man's meat is another man's poison. it all depends on your own personality and how risk adversed you are. if you yourself do not know, how do you suppose others to know for you? {image}
for a happy life stick to one girl/wife,
for a happy trading life stick to a fixed MTF combo.
In either case, Choose the right one based on your personality.
Success = Practice + Patience + Persistence
  • #4,712
  • Sep 22, 2024 8:34pm Sep 22, 2024 8:34pm
Quoting fxpider
{quote} for a happy life stick to one girl/wife, for a happy trading life stick to a fixed MTF combo. In either case, Choose the right one based on your personality.
for a happy life,
before marriage observe your partner with 2 eyes wide wide open to see how many times counter trend with you.
after marriage you can open one eye only, close one eye. because most of the time it would be trending. unless your observations above are not good enough.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,713
  • Sep 22, 2024 8:41pm Sep 22, 2024 8:41pm
just simply observing the m5.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,714
  • Sep 22, 2024 8:41pm Sep 22, 2024 8:41pm
Quoting Inthebox
{quote} for a happy life, before marriage observe your partner with 2 eyes wide wide open to see how many times counter trend with you. after marriage you can open one eye only, close one eye. because most of the time it would be trending. unless your observations above are not good enough.


After marriage, better to close both eyes and blindly surrender to the dominating trend and ignore the counter-trends.
Success = Practice + Patience + Persistence
  • #4,715
  • Sep 22, 2024 8:44pm Sep 22, 2024 8:44pm
Quoting fxpider
{quote} After marriage, better to close both eyes and blindly surrender to the dominating trend and ignore the counter-trends.
after that to avoid noise, better get out of house and take a long walk, then rejoin dominating trend.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,716
  • Sep 22, 2024 10:57pm Sep 22, 2024 10:57pm
Quoting Inthebox
just simply observing the m5. {image}
counter trend.
m5 update. let's see europe session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,717
  • Sep 22, 2024 11:16pm Sep 22, 2024 11:16pm
Quoting Inthebox
{quote} counter trend. m5 update. let's see europe session. {image}
Long with trend but price stuck in box.
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I might be wrong , I have been wrong before
  • #4,718
  • Edited Sep 23, 2024 2:39am Sep 22, 2024 11:33pm | Edited Sep 23, 2024 2:39am
Quoting Inthebox
{quote} counter trend. m5 update. let's see europe session. {image}
dropped to 1st swing low.
update: dropped to yesterday high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,719
  • Sep 23, 2024 2:43am Sep 23, 2024 2:43am
Quoting Inthebox
{quote} dropped to 1st swing low. update: dropped to yesterday high. {image} {image}
dropped to asia low and bounced
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,720
  • Sep 23, 2024 5:25am Sep 23, 2024 5:25am
Quoting Inthebox
{quote} dropped to asia low and bounced {image}
there was a 2 legs up set up move to yesterday high.
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ITB - Seeing Orderliness amongst 'Randomness'
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