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MTF Engulf / Engulf fail

  • #5,641
  • Dec 11, 2024 3:25am Dec 11, 2024 3:25am
Quoting ChinoCop
{quote} I was long in EUR/JPY and it was trending nicely in my favor then I got stopped out on the spike. Does anyone know what caused it?
https://www.forexfactory.com/news/13...-to-see-little
PA Return This Week: 39.2%
  • #5,642
  • Dec 11, 2024 3:27am Dec 11, 2024 3:27am
Quoting LeongPuiy
{quote} https://www.forexfactory.com/news/13...-to-see-little
It just goes to show that we are just little plankton in a big ocean. I wish this would had been on the ForexFactory calendar.
  • #5,643
  • Dec 11, 2024 3:34am Dec 11, 2024 3:34am
the meaning lost to me ???
https://x.com/LiveSquawk/status/1866773416315064461
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,644
  • Dec 11, 2024 3:59am Dec 11, 2024 3:59am
Quoting ChinoCop
{quote} It just goes to show that we are just little plankton in a big ocean. I wish this would had been on the ForexFactory calendar.
only can blame myself,
didnt watch at that moment,
when 5m closed with strong reverse,
can be enter trade again, but maybe stop require bigger.
Will wait NY session for next trade.
PA Return This Week: 39.2%
  • #5,645
  • Dec 11, 2024 4:22am Dec 11, 2024 4:22am
Quoting Inthebox
{quote} gold sweeping liquidity {image}
gold london session buy result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,646
  • Dec 11, 2024 4:39am Dec 11, 2024 4:39am
SL placement plays a crucial role in a win/loss.

UJ: Two accounts, same trade logic, the one without SL came out as a winner.

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Winner: Without SL
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Loser: With a SL
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Success = Practice + Patience + Persistence
  • #5,647
  • Dec 11, 2024 5:17am Dec 11, 2024 5:17am
Quoting fxpider
SL placement plays a crucial role in a win/loss. UJ: Two accounts, same trade logic, the one without SL came out as a winner. {image} Winner: Without SL {image} Loser: With a SL {image}
for me it all depends on the lot size that i am trading.
for example.
1. i saw a nice buy set up but i could only spare 10 min and put in 3 different trades of 0.01unit size. total 0.03 with tp.
i can't be bothered about sl and walk away. what concerns me is a h4 or h1 close beyond the engulf.
2. if i have the time to watch and i put through 0.3 unit size. i will exit trade with loss but not with hard stop.
and re enter if my bias does not change.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,648
  • Dec 11, 2024 6:42am Dec 11, 2024 6:42am
GJ: @ HTF roadblock.

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Success = Practice + Patience + Persistence
  • #5,649
  • Dec 11, 2024 9:19am Dec 11, 2024 9:19am
Quoting Inthebox
{quote} gold london session buy result {image}
gold long continuation
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,650
  • Dec 11, 2024 7:11pm Dec 11, 2024 7:11pm
Quoting Inthebox
gold may be going for for top resistant in time for cpi news {image}
gold final top reached.
continuation entries.
enough for the day. going out.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,651
  • Dec 11, 2024 8:02pm Dec 11, 2024 8:02pm
Quoting Inthebox
{quote} gold final top reached. continuation entries. enough for the day. going out. {image}
Hello. I'm a newcomer and I find your topic very interesting. And I want to ask you how you can draw the price zone like the one above. Is it the price zone of the candle before the engulfing candle? Sorry because I haven't read all of your posts in this topic yet
  • #5,652
  • Dec 11, 2024 8:07pm Dec 11, 2024 8:07pm
Quoting tieuly.forex
{quote} Hello. I'm a newcomer and I find your topic very interesting. And I want to ask you how you can draw the price zone like the one above. Is it the price zone of the candle before the engulfing candle? Sorry because I haven't read all of your posts in this topic yet
Please refer to post#1, all the info has been discussed comprehensively.
Success = Practice + Patience + Persistence
  • #5,653
  • Dec 11, 2024 9:42pm Dec 11, 2024 9:42pm
Practice mapping and waiting for FF / LO retest then try enter at 1h EG.
this for me, not advice trade.
Since daily close and make a higher ,
i think UJ targeting above D1/4h sell.

for Gold haven’t make a small tf EG so hvnt TC.
but uptrend at higher trend.
waiting for FF/ LO make set up.

kindly correct me , if i wrong
@inthebox
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PA Return This Week: 39.2%
  • #5,654
  • Edited 11:49pm Dec 11, 2024 10:50pm | Edited 11:49pm
Hey guys, I have managed to find some videos about the 3 SOP trading on Telegram, they might be useful for you. I have uploaded to We Transfer, but will I violate the rules by posting the download link here?

edited.
The link I post over here, hopefully it wont affect this thread.
https://we.tl/t-yGrAUMwang
Trading is not easy
  • #5,655
  • Dec 11, 2024 11:42pm Dec 11, 2024 11:42pm
Quoting xiaotiao
Hey guys, I have managed to find some videos about the 3 SOP trading on Telegram, they might be useful for you. I have uploaded to We Transfer, but will I violate the rules by posting the download link here?
I guess, it will be ok.
Success = Practice + Patience + Persistence
  • #5,656
  • Dec 12, 2024 12:23am Dec 12, 2024 12:23am
1h tc, 1m ce.
i dont have much time to watch , so i enter with wide stop. No greed,
i still think higher, but cash out with 50 pips up.
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PA Return This Week: 39.2%
  • #5,657
  • Dec 12, 2024 12:31am Dec 12, 2024 12:31am
Quoting LeongPuiy
1h tc, 1m ce. i dont have much time to watch , so i enter with wide stop. No greed, i still think higher, but cash out with 50 pips up. {image} {image}


I did the same.

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Success = Practice + Patience + Persistence
  • #5,658
  • Dec 12, 2024 12:37am Dec 12, 2024 12:37am
Drawing multi-color levels and lines in MT5 is a headache. After doing all the hard work, it's tough to concentrate on candle/price action due to so many colors

Please suggest any color combination that is easy on the eyes.
Success = Practice + Patience + Persistence
  • #5,659
  • Dec 12, 2024 2:04am Dec 12, 2024 2:04am
Targeting ytd high i guess.
further is 4h EG sell, but not greed.
ytd high is enough.
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PA Return This Week: 39.2%
  • #5,660
  • Dec 12, 2024 2:13am Dec 12, 2024 2:13am
Quoting LeongPuiy
Targeting ytd high i guess. further is 4h EG sell, but not greed. ytd high is enough. {image} {image} {image}
I waited for entry in 5m chart, but the train kept moving away without me.
Lesson learned: Don't marry a TF for entry; keep scanning at least 2/3 LTF for an entry once the price is in the HTF zone.
Success = Practice + Patience + Persistence
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