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MTF Engulf / Engulf fail

  • #5,541
  • Dec 8, 2024 7:19pm Dec 8, 2024 7:19pm
Quoting Inthebox
gold analysis. probably ranging unitl CPI news. {image}
for those who had waited patiently for asia open when gold dropped into the h4 eg buy,
you are now being rewarded. do what you like for the rest of the day.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,542
  • Dec 8, 2024 7:40pm Dec 8, 2024 7:40pm
Quoting Inthebox
{quote} for those who had waited patiently for asia open when gold dropped into the h4 eg buy, you are now being rewarded. do what you like for the rest of the day. {image} {image}
miss it.
not free to watch.
PA Return Today: 9.7%
  • #5,543
  • Dec 8, 2024 7:48pm Dec 8, 2024 7:48pm
Overall gold is playing within a box. Find a top to short and a bottom to long.

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Success = Practice + Patience + Persistence
  • #5,544
  • Dec 8, 2024 8:05pm Dec 8, 2024 8:05pm
Quoting LeongPuiy
Possible QM for retrace 50% but that is big target. just a prediction, may wrong. {image} {image} {image}
the daily took 8 days from fib 50 to cmp.
conservatively may say take half of it 4 days to go back up.
what to do during these 4 days? a lot can happen.
not only using fib 50 in d1, also use fib 50 in h4 and h1.
furthermore lower time frames h4 and h1 currently no signs of intention to go up?
have to observe what price is doing. whether there is a h1 QM fail forthcoming.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,545
  • Dec 8, 2024 8:25pm Dec 8, 2024 8:25pm
gold. h4 eg buy to eg sell forthcoming?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,546
  • Dec 8, 2024 9:25pm Dec 8, 2024 9:25pm
Quoting Inthebox
{quote} the daily took 8 days from fib 50 to cmp. conservatively may say take half of it 4 days to go back up. what to do during these 4 days? a lot can happen. not only using fib 50 in d1, also use fib 50 in h4 and h1. furthermore lower time frames h4 and h1 currently no signs of intention to go up? have to observe what price is doing. whether there is a h1 QM fail forthcoming. {image}
ok.
and it also 4h eg to eg.
i close buy at here for 10-20 pips only.
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PA Return Today: 9.7%
  • #5,547
  • Dec 8, 2024 9:54pm Dec 8, 2024 9:54pm
how does one read price action?
i would not trade this mess.
but just for illustration.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,548
  • Dec 8, 2024 11:01pm Dec 8, 2024 11:01pm
Quoting Inthebox
how does one read price action? i would not trade this mess. but just for illustration. {image}
hope you get what i am trying to get through.
price broke engulf buy fail and retraced to engulf sell.
which is more impressive?
number of pips gain or equity percentage gain.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,549
  • Dec 8, 2024 11:12pm Dec 8, 2024 11:12pm
it comes back haunting those who waver.
why why why?
because price ranges 80% of the time.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,550
  • Dec 9, 2024 12:44am Dec 9, 2024 12:44am
Quoting fxpider
Overall gold is playing within a box. Find a top to short and a bottom to long. {image}
Asia top produced a 100+ pips drop.

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Success = Practice + Patience + Persistence
  • #5,551
  • Dec 9, 2024 1:31am Dec 9, 2024 1:31am
Quoting Inthebox
{quote} hope you get what i am trying to get through. price broke engulf buy fail and retraced to engulf sell. which is more impressive? number of pips gain or equity percentage gain. {image}
another illustration in gold.
can your one same method good enough for consistent gain.
is 2.52% equity gain good enough for you?
if you can answer yes, then stick to it no matter what.
learn it whether it takes you 6 months or 2 years.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,552
  • Edited 1:47am Dec 9, 2024 1:37am | Edited 1:47am
Quoting LeongPuiy
{quote} trade confirm? {image}
what htf made it broke the ef?
what time frame is the trade control?
how about the equal highs above?
if you need retest, then no.
if you do not need retest, then yes.
whatever it is, always remember to cut loss.
you are trading m1 which often whipsaw.
has all the terrains from d1 down to m1 been considered?
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,553
  • Dec 9, 2024 1:44am Dec 9, 2024 1:44am
GU: a QM prior to London OPEN.

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Success = Practice + Patience + Persistence
  • #5,554
  • Edited 2:04am Dec 9, 2024 1:53am | Edited 2:04am
uj resistant became weaker after tested many times, turning into failed QM.
probably to target equal highs above.

never use m1 alone by itself.
the rules in post 1 still apply overall.
direction, trade control, confirmation entry.
m5/m1 is used to precise the trade entry further.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,555
  • Dec 9, 2024 2:42am Dec 9, 2024 2:42am
one method same thing in different time frames.
monitor the engulf that broke the support.
will there be rejection or breakout?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,556
  • Edited 4:05am Dec 9, 2024 3:55am | Edited 4:05am
Quoting Inthebox
one method same thing in different time frames. monitor the engulf that broke the support. will there be rejection or breakout? {image}
usdjpy rejection for a 2.9% equity gain.
staying less than 20 min in the market.
i had shown enough.
so be a master in trade entry even though it will take you couple of years?
i know there are traders who just cannot see anything there, only red and blue patches.
but trading is not for everyone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,557
  • Dec 9, 2024 4:12am Dec 9, 2024 4:12am
maybe next year, we can try doing these by opening small account with broker. just maybe.
not doing crazy gains but more like 5% per week gain. always start slow.
and i am slowing down for year end.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,558
  • Dec 9, 2024 4:24am Dec 9, 2024 4:24am
Quoting Inthebox
gold. h4 eg buy to eg sell forthcoming? {image}
gold more likely to break to the upside.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,559
  • Dec 9, 2024 5:04am Dec 9, 2024 5:04am
gold
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,560
  • Edited 5:36am Dec 9, 2024 5:10am | Edited 5:36am
Quoting Inthebox
one method same thing in different time frames. monitor the engulf that broke the support. will there be rejection or breakout? {image}
Using the above method please share your mapping for EU.

H4->h1->m15/m5

Step 1: HTF zone
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Step 2: define TC in next LTF
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Then I am not sure
Success = Practice + Patience + Persistence
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