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MTF Engulf / Engulf fail

  • #5,241
  • Nov 20, 2024 6:36pm Nov 20, 2024 6:36pm
gold is approaching resistant zone
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,242
  • Nov 20, 2024 7:08pm Nov 20, 2024 7:08pm
Quoting Inthebox
gold buy {image}
gold new york session continuation of buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,243
  • Nov 20, 2024 7:17pm Nov 20, 2024 7:17pm
nasdaq.
retracement to sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,244
  • Nov 20, 2024 9:26pm Nov 20, 2024 9:26pm
Quoting Inthebox
nasdaq. retracement to sell. {image}
nasdaq.
in process of retracing.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,245
  • Nov 21, 2024 2:05am Nov 21, 2024 2:05am
gold is approaching resistant zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,246
  • Nov 21, 2024 2:22am Nov 21, 2024 2:22am
Quoting Inthebox
{quote} gold new york session continuation of buy. {image}
gold further buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,247
  • Nov 21, 2024 2:41am Nov 21, 2024 2:41am
what is the logic of this method?
the htf engulfs are utmost important to point to the direction to trade. h4 and above.
the rest of the ltf is to wait for engulf confirmation to trade in the direction of htf.
this is trend following, always for your trades.
for more surety, time the trades with market open and wait for candle close.
the loss will be smaller but the profit will be larger.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,248
  • Nov 21, 2024 2:56am Nov 21, 2024 2:56am
gold.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,249
  • Nov 21, 2024 3:18am Nov 21, 2024 3:18am
looks like ranging for big movement for unemployment claims.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,250
  • Nov 21, 2024 3:18am Nov 21, 2024 3:18am
Quoting Inthebox
gold. {image}
Gold is in flying mode, and NATO weapons handle all the resistance in the chart.
Success = Practice + Patience + Persistence
  • #5,251
  • Nov 21, 2024 3:30am Nov 21, 2024 3:30am
Quoting fxpider
{quote} Gold is in flying mode, and NATO weapons handle all the resistance in the chart.
trump to nato : if you don't pay up, i am not going to protect you.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,252
  • Nov 21, 2024 3:37am Nov 21, 2024 3:37am
Quoting Inthebox
{quote} trump to nato : if you don't pay up, i am not going to protect you.
Trump will only take over in January. In the meantime, the OLD FOX is creating a mess by allowing Ukraine to use US and NATO weapons.

https://www.bbc.com/news/articles/c789x0y91vvo
Success = Practice + Patience + Persistence
  • #5,253
  • Nov 21, 2024 3:43am Nov 21, 2024 3:43am
Potential Support.

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Success = Practice + Patience + Persistence
  • #5,254
  • Nov 21, 2024 3:55am Nov 21, 2024 3:55am
Quoting fxpider
Potential Support. {image}
also here

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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,255
  • Nov 21, 2024 4:09am Nov 21, 2024 4:09am
The current leg in LTF has established the boundaries. I expect the price to range for a while then take off again around the NY OPEN.

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Success = Practice + Patience + Persistence
  • #5,256
  • Nov 21, 2024 8:24am Nov 21, 2024 8:24am
Quoting Inthebox
{quote} gold further buy {image}
Sir, May I ask why you are looking to buy in the H4 EF sell zone rather than sell?
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  • #5,257
  • Nov 21, 2024 9:07am Nov 21, 2024 9:07am
Quoting jaxchang
{quote} Sir, May I ask why you are looking to buy in the H4 EF sell zone rather than sell? {image}
since the main trend is up, the m30 bearish engulf was a counter trend trade.
you can trade that but as you can see, most counter trend is short lived.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,258
  • Edited 9:54am Nov 21, 2024 9:29am | Edited 9:54am
Quoting Inthebox
looks like ranging for big movement for unemployment claims. {image}
nasdaq.
missed taking tp for 1st 2 trades.
fortunate to survive the big ranging.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,259
  • Nov 21, 2024 10:00am Nov 21, 2024 10:00am
Quoting Inthebox
gold. {image}
7 hrs later, gold is still trying to break the resistant.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,260
  • Nov 21, 2024 10:42am Nov 21, 2024 10:42am
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