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MTF Engulf / Engulf fail

  • #5,461
  • Dec 3, 2024 4:17am Dec 3, 2024 4:17am
GJ: London OPEN manipulation. Pumped to the resistance, then dumped back to the OPEN

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Success = Practice + Patience + Persistence
  • #5,462
  • Edited 4:49am Dec 3, 2024 4:21am | Edited 4:49am
Quoting Inthebox
{quote} for what reasons? is it easy to get 200 plus pips with the red news coming? it is tough enough even to reach yesterday high.
i not mean it will direct go there.
i mean targing there.
overall gold 4H seem sideway due to 4h EG to EG.
but if dxy chart seem bearish,
week for bear, day at ef , drop from 4H bearish EG,
but it at RB now.
The reason i targeting gold bull has some reason from dxy too.
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PA Return Today: 0.3%
  • #5,463
  • Dec 3, 2024 4:23am Dec 3, 2024 4:23am
EU: cmp @ POI.

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Success = Practice + Patience + Persistence
  • #5,464
  • Dec 3, 2024 5:07am Dec 3, 2024 5:07am
all the turning points are from engulf to engulf.
if one engulf is broken, it will go to the next one.
and every time frame is fractal.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,465
  • Dec 3, 2024 5:17am Dec 3, 2024 5:17am
going out.
hope to to be back by nyse open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,466
  • Edited 7:58am Dec 3, 2024 7:32am | Edited 7:58am
Quoting xiaotiao
GBPJPY, worth to watch out, price is approaching Fibo 61.8, TL and engulf zone. {image}
GBPJPY sell trade, so far so good. Partial TP. Set SL to BE.
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Updated. TP reached.
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Trading is not easy
  • #5,467
  • Dec 3, 2024 8:42am Dec 3, 2024 8:42am
Quoting Inthebox
what happened when london opened? {image}
gold buy done.
h4 buy to h4 sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,468
  • Dec 3, 2024 9:57am Dec 3, 2024 9:57am
gold price reaction around trade control after job openings news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,469
  • Dec 3, 2024 2:27pm Dec 3, 2024 2:27pm
Quoting Inthebox
{quote} quasimodo
May be 2685? Daily chart
  • #5,470
  • Dec 3, 2024 2:31pm Dec 3, 2024 2:31pm
Quoting Tradersview-
{quote} May be 2685? Daily chart
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  • #5,471
  • Dec 3, 2024 7:52pm Dec 3, 2024 7:52pm
AUDJPY, the price dropped after the news when reaching h4 engulf zone. Too bad my sell limit was not triggered
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Trading is not easy
  • #5,472
  • Dec 3, 2024 8:22pm Dec 3, 2024 8:22pm
a small trick here when you are busy with other things.
one can do a quick check from the FF scanner.
when the smaller time frame is of different color from the higher one it means retracement.
when they are of the same color, you can take a look at your chart.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,473
  • Dec 3, 2024 8:26pm Dec 3, 2024 8:26pm
Quoting Tradersview-
{quote} {image}
if that is the analysis, there is about 400 plus pips to gather towards that direction.
why not buy all the way towards that level.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,474
  • Edited 8:47pm Dec 3, 2024 8:32pm | Edited 8:47pm
when ranging, the maximum to go for is around 50 - 70 pips.
if you trade gold long enough, you will know that this is the characteristics of gold 80% of the time.
it is only 20% of the time that gold will double or triple that.
if you are aiming for 200 plus pips everything you trade for intra day trading, you win once but lose 4 times.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,475
  • Dec 3, 2024 9:07pm Dec 3, 2024 9:07pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,476
  • Dec 3, 2024 9:32pm Dec 3, 2024 9:32pm
gold. the bigger picture.
the daily could be consolidation build up to the top.
however the road block is there.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,477
  • Dec 3, 2024 9:34pm Dec 3, 2024 9:34pm
GJ and EJ reacted nicely @ POI.

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Success = Practice + Patience + Persistence
  • #5,478
  • Dec 3, 2024 9:44pm Dec 3, 2024 9:44pm
Quoting fxpider
GJ and EJ reacted nicely @ POI. {image} {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,479
  • Dec 3, 2024 10:23pm Dec 3, 2024 10:23pm
Quoting Inthebox
{quote} {image}
various situation to cut loss.
cut loss when m5 close above conf. entry.
cut loss when m30 close above trade control.
wait for another opportunity for trade entry.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,480
  • Dec 3, 2024 11:33pm Dec 3, 2024 11:33pm
Quoting Inthebox
when ranging, the maximum to go for is around 50 - 70 pips. if you trade gold long enough, you will know that this is the characteristics of gold 80% of the time. it is only 20% of the time that gold will double or triple that. if you are aiming for 200 plus pips everything you trade for intra day trading, you win once but lose 4 times. {image}
gold asia session presented 2 opportunities to long.
caught the later one for 50 pips up move.
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ITB - Seeing Orderliness amongst 'Randomness'
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