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MTF Engulf / Engulf fail

  • #5,421
  • Dec 2, 2024 3:25am Dec 2, 2024 3:25am
Quoting huskyboy
{quote} {image} is this also ok, entries on the retraces to the m5 eg? (rest of the day out)
yes
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,422
  • Dec 2, 2024 3:34am Dec 2, 2024 3:34am
Quoting Inthebox
{quote} gold. trade control and confirmation entry {image}
gold.
m30 buy to sell cycle completed.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,423
  • Dec 2, 2024 3:43am Dec 2, 2024 3:43am
gold buy europe session done.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,424
  • Dec 2, 2024 3:59am Dec 2, 2024 3:59am
if you had study the video diligently, how does your note help you today?
but i am sure that most of you skipped the making note part.
well, you reap what you sow.
do it before it is taken down in youtube.
https://www.forexfactory.com/thread/...8#post15075838
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,425
  • Edited 5:52am Dec 2, 2024 4:51am | Edited 5:52am
Quoting Inthebox
if you had study the video diligently, how does your note help you today? but i am sure that most of you skipped the making note part. well, you reap what you sow. do it before it is taken down in youtube. https://www.forexfactory.com/thread/...8#post15075838
Good video but bit fantasy land. From 10$ to 100k with 3 days. EDIT my mistake 3 days from $10 to $766
Presenter is teaching 1:1 for how much ?
He could make millions a day than spending valuable time to 1:1s.
I might be wrong , I have been wrong before
  • #5,426
  • Edited 5:31am Dec 2, 2024 5:07am | Edited 5:31am
Quoting Mandariin
{quote} Good video but bit fantasy land. From 10$ to 100k with 3 days. Presenter is teaching 1:1 for how much ? He could make millions a day than spending valuable time to 1:1s.
not in 3 days but in 14 trades. it is number of trades.
it can be very selective as 1 trade per week for 14 weeks.
or it can be 14 trades in one week.
this means high leverage brokers which is risky.
do not throw the baby out with the bath water, there is some logic although limited in what he suggests.
one can blow account for 100 times, each time $10.
however my take is through this process after trading 100 live trades losing $1000 is
one that is better than attending some useless course costing $1000.
not 1:1 but risking 30 pips for 60 pips.

anyway when we learn something, it is not generic for all public.
it is all in accordance to your own self, according to your own experience in trading.
you can be selective and take the good parts and ignore the rest.
the way he uses 3 time frames as filters for trade set ups during high volume trading, for example is something that one can take note of.

i applied it to gold today almost live.
would it be easy? of course not.
especially the patience in waiting.
were there any traders dare to go in to buy after seeing the drop from asia session?
i am more modest, not to get hundreds of thousands but trying to get 5% every week.
all this is not luck as i had shown here multiple multiple times.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,427
  • Dec 2, 2024 5:22am Dec 2, 2024 5:22am
Quoting Inthebox
gold buy europe session done. {image}
day in and day out, you keep squeezing pip from any setup. unmatchable skill!

I am out of form now, trying to regain confidence and the ability to see.
Success = Practice + Patience + Persistence
  • #5,428
  • Dec 2, 2024 5:38am Dec 2, 2024 5:38am
Quoting fxpider
{quote} day in and day out, you keep squeezing pip from any setup. unmatchable skill! I am out of form now, trying to regain confidence and the ability to see.
all i can say is to use the 3 time frames as trade filters.
it is still possible to use 2 time frames though.
1. direction
2. trade control
3. confirmation entry.

but this is not applicable for news trading.
with fast momentum and little retrace, most likely it will be a 1st touch entry, which is more risky.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,429
  • Dec 2, 2024 5:42am Dec 2, 2024 5:42am
GOLD: QM setup, the QML is well formed in both H4 and H1.

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Success = Practice + Patience + Persistence
  • #5,430
  • Dec 2, 2024 5:46am Dec 2, 2024 5:46am
Quoting Inthebox
{quote} not in 3 days but in 14 trades. it is number of trades. it can be very selective as 1 trade per week for 14 weeks. or it can be 14 trades in one week. this means high leverage brokers which is risky. do not throw the baby out with the bath water, there is some logic although limited in what he suggests. one can blow account for 100 times, each time $10. however my take is through this process after trading 100 live trades losing $1000 is one that is better than attending some useless course costing $1000. not 1:1 but risking 30 pips for...
You right.
3 days to $766
76 x account in 3 days.


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I might be wrong , I have been wrong before
  • #5,431
  • Dec 2, 2024 5:50am Dec 2, 2024 5:50am
Quoting Inthebox
{quote} ...were there any traders dare to go in to buy after seeing the drop from asia session?
Basically toke same trades as you. I start trading 1 h before London open.
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I might be wrong , I have been wrong before
  • #5,432
  • Dec 2, 2024 5:51am Dec 2, 2024 5:51am
Quoting Inthebox
gold buy europe session done. {image}
gold continued long.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,433
  • Dec 2, 2024 5:54am Dec 2, 2024 5:54am
Quoting fxpider
GOLD: QM setup, the QML is well formed in both H4 and H1. {image}
if GOLD reacts on the QM level, AU should extend the down move too.

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Success = Practice + Patience + Persistence
  • #5,434
  • Edited 7:07am Dec 2, 2024 6:12am | Edited 7:07am
I think this continue for market opening high as target.


added edit
3rd 4th pic
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PA Return Today: 0.3%
  • #5,435
  • Edited 8:00am Dec 2, 2024 7:49am | Edited 8:00am
Quoting Inthebox
{quote} gold continued long. {image}
gold long again.
just take anything that can give you 60 pips.
do not be stubborn to insist to stretch to asia high.
once in a while you will get it. but we want consistency.
for we never know how deep the retracement is going to be.
although that is the target but we have to wait for PMI news to give us the up move.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,436
  • Dec 2, 2024 7:55am Dec 2, 2024 7:55am
Quoting Inthebox
{quote} gold. m30 buy to sell cycle completed. {image}
i want to ask,
what will you do when this kind of PA and direction.
it pretty bearish, but it at weekly and daily EG and 4h RB.
would you sell it or wait for break first, or just avoid?
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PA Return Today: 0.3%
  • #5,437
  • Dec 2, 2024 8:12am Dec 2, 2024 8:12am
Quoting LeongPuiy
{quote} i want to ask, what will you do when this kind of PA and direction. it pretty bearish, but it at weekly and daily EG and 4h RB. would you sell it or wait for break first, or just avoid? {image} {image} {image}
h4 and m30 tells you to avoid.
unless you are willing to trade the range.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,438
  • Dec 2, 2024 9:12am Dec 2, 2024 9:12am
NZDUSD sell trade, closed before the PMI news
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Trading is not easy
  • #5,439
  • Dec 2, 2024 6:46pm Dec 2, 2024 6:46pm
Quoting fxpider
GOLD: QM setup, the QML is well formed in both H4 and H1. {image}
Price might retest the zone.

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Success = Practice + Patience + Persistence
  • #5,440
  • Edited 7:08pm Dec 2, 2024 6:46pm | Edited 7:08pm
EG to EG.
seem in range.


edited.
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PA Return Today: 0.3%
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