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MTF Engulf / Engulf fail

  • #5,481
  • Dec 3, 2024 11:35pm Dec 3, 2024 11:35pm
asia session presented 2 opportunities to trade.
just take profit and run.
3 market sessions per day.
wait for the market session that you can give your attention to.

going out.
returning for new york session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,482
  • Dec 4, 2024 12:15am Dec 4, 2024 12:15am
USDJPY, worth to watch out.
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Trading is not easy
  • #5,483
  • Dec 4, 2024 12:27am Dec 4, 2024 12:27am
Quoting Inthebox
{quote} 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.
May be a retest to the road block? I don't know abt it
  • #5,484
  • Dec 4, 2024 12:37am Dec 4, 2024 12:37am
Quoting Inthebox
asia session presented 2 opportunities to trade. just take profit and run. 3 market sessions per day. wait for the market session that you can give your attention to. going out. returning for new york session.
i think we go down from 2651 to 2633 or 2620
  • #5,485
  • Dec 4, 2024 1:21am Dec 4, 2024 1:21am
Quoting masoudrecor
{quote} i think we go down from 2651 to 2633 or 2620
i still think it should have reached 2651.600
so maybe another hunt
now price is 2645
  • #5,486
  • Dec 4, 2024 5:20am Dec 4, 2024 5:20am
Quoting xiaotiao
USDJPY, worth to watch out. {image}
this trade hit SL, all JPY pairs shoot up today.
Trading is not easy
  • #5,487
  • Dec 4, 2024 6:32am Dec 4, 2024 6:32am
Quoting xiaotiao
{quote} this trade hit SL, all JPY pairs shoot up today.
retrace i think, but not that fast turn side since nfp this friday.
PA Return Today: 0.3%
  • #5,488
  • Dec 4, 2024 7:12am Dec 4, 2024 7:12am
Tough PA to trade. I am out just b4 the news. My bias is bearish though.

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Success = Practice + Patience + Persistence
  • #5,489
  • Dec 4, 2024 8:45am Dec 4, 2024 8:45am
Quoting Inthebox
{quote} gold asia session presented 2 opportunities to long. caught the later one for 50 pips up move. {image}
gold long again during new york session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,490
  • Edited 11:11am Dec 4, 2024 10:30am | Edited 11:11am
NZDUSD buy trade.
For me, the engulf candle theory works better with chart patterns and other confluences.
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A QM pattern formed

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Entered the trades after engulf zone formed in m15
Trading is not easy
  • #5,491
  • Dec 4, 2024 8:45pm Dec 4, 2024 8:45pm
UJ may drop from this zone,
while GJ i think going that relative equal high first bfr drop,
little conflict here.
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PA Return Today: 0.3%
  • #5,492
  • Dec 4, 2024 8:52pm Dec 4, 2024 8:52pm
Quoting LeongPuiy
UJ may drop from this zone, while GJ i think going that relative equal high first bfr drop, little conflict here. {image} {image}
Crazy price action, NFP week bro.
Need to be extra careful and grab whatever pips are available during the first thrust of a setup.
Success = Practice + Patience + Persistence
  • #5,493
  • Edited 9:33pm Dec 4, 2024 9:23pm | Edited 9:33pm
usd weakness
gold to turn all green if stay above 0.1%
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,494
  • Dec 4, 2024 9:42pm Dec 4, 2024 9:42pm
Gold playing within 4h EG to EG and the 30m keep forming new Eg to Eg inside 4H eg , bounce and drop.
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PA Return Today: 0.3%
  • #5,495
  • Dec 4, 2024 9:42pm Dec 4, 2024 9:42pm
Quoting Inthebox
usd weakness gold to turn all green if stay above 0.1% {image}
The H4 chart pattern looks vulnerable to the downside.

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H1 supports holding the line between the bears and bulls, IMO.
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Success = Practice + Patience + Persistence
  • #5,496
  • Dec 4, 2024 10:04pm Dec 4, 2024 10:04pm
Quoting fxpider
{quote} The H4 chart pattern looks vulnerable to the downside. {image} H1 supports holding the line between the bears and bulls, IMO. {image}
i am looking at gold this way.
from h4 price from eg to eg and 3 candle fractal, the last impulse wave was up.
this was yesterday range with fib 50 retracement.
now h1 is going to close above trade control.
swing low already formed in m15.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,497
  • Dec 4, 2024 10:12pm Dec 4, 2024 10:12pm
Quoting Inthebox
{quote} i am looking at gold this way. from h4 price from eg to eg and 3 candle fractal, the last impulse wave was up. this was yesterday range with fib 50 retracement. now h1 is going to close above trade control. swing low already formed in m15. {image}
Also, the daily PP is in that zone ~2646.50.
Success = Practice + Patience + Persistence
  • #5,498
  • Dec 4, 2024 11:41pm Dec 4, 2024 11:41pm
Quoting Inthebox
{quote} i am looking at gold this way. from h4 price from eg to eg and 3 candle fractal, the last impulse wave was up. this was yesterday range with fib 50 retracement. now h1 is going to close above trade control. swing low already formed in m15. {image}
everyone interested in trade entry.
from where we left off, the h1/m15 swing low bouncing off from htf h4 eg buy.
waited for retracement to trade control for confirmation entry.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,499
  • Dec 4, 2024 11:57pm Dec 4, 2024 11:57pm
I am out, do not like to hold on to my gains before London OPEN.

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Success = Practice + Patience + Persistence
  • #5,500
  • Dec 5, 2024 12:15am Dec 5, 2024 12:15am
GJ: Interesting formation.

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Success = Practice + Patience + Persistence
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