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MTF Engulf / Engulf fail

  • #5,681
  • Dec 12, 2024 10:27pm Dec 12, 2024 10:27pm
Quoting Inthebox
gold. previous events should help you to make decision. {image}
but we panic upon seeing this.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,682
  • Dec 12, 2024 11:03pm Dec 12, 2024 11:03pm
Quoting Inthebox
gold. previous events should help you to make decision. {image}
This area is a worry for an upside move.

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Success = Practice + Patience + Persistence
  • #5,683
  • Dec 12, 2024 11:07pm Dec 12, 2024 11:07pm
Quoting Inthebox
{quote} but we panic upon seeing this. {image}
no panic...anticpation...a substantial move coming
Its all just one persons opinion
  • #5,684
  • Dec 13, 2024 12:42am Dec 13, 2024 12:42am
Quoting fxpider
{quote} This area is a worry for an upside move. {image}
this is what i see. i may be wrong.
the classic pattern.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,685
  • Dec 13, 2024 12:51am Dec 13, 2024 12:51am
gold today 100 - 150 pips easy.
no US red news to bother.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,686
  • Dec 13, 2024 1:25am Dec 13, 2024 1:25am
gold spread widen
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,687
  • Dec 13, 2024 4:23am Dec 13, 2024 4:23am
Quoting Inthebox
{quote} this is what i see. i may be wrong. the classic pattern. {image} {image}
i was wrong on the h1 ssl.
now looking at h4 ssl for 2nd accumulation.
hopefully i can BE the 1st accumulation.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,688
  • Dec 13, 2024 6:42am Dec 13, 2024 6:42am
gold new york session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,689
  • Dec 13, 2024 8:06pm Dec 13, 2024 8:06pm
I have a question,
for me UJ daily closed bullish at Wednesday,
And Thursday i enter buy , but i jump off when i see 4h closed EG sell,
and i didnt realised there is 50% discount,
this fibo is put at ytd.
I sometime kind of thinking too much , when my opposite form EG, i cannot stay with the trade and jump off.
but sometimes i stay with it, it hunt me down.
What to do at such part?
sorry for my english.
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PA Return Today: na
  • #5,690
  • Dec 13, 2024 9:16pm Dec 13, 2024 9:16pm
Quoting LeongPuiy
I have a question {image}
according to video, exit on retest of h1 sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,691
  • Dec 13, 2024 9:37pm Dec 13, 2024 9:37pm
if we were to strictly follow the video on Trade Control, sometimes i find it hard to decide which one.
the Trade Control is a current market one touching h4. unless we are looking at continuation entry.
in the chart using h1 as TC, i must miss the first one because price did not return.
but that is the rule, we have to wait for the next one, which was successful.
the rule is there to facilitate consistency.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,692
  • Dec 13, 2024 9:56pm Dec 13, 2024 9:56pm
however we have a different story when using m30 TC.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,693
  • Dec 13, 2024 10:08pm Dec 13, 2024 10:08pm
after some review, i find that Trade Control time frame (h1, m30, m15) that you have chosen is very important.
for example gold yesterday. if there is a strong push down and we want to long, h1 TC would not allow any set up.
if we are trading with momentum, m15 TC would provide more set ups.
i would reckon that m30 is somewhat in the middle for normal trading.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,694
  • Dec 13, 2024 11:54pm Dec 13, 2024 11:54pm
Quoting Inthebox
after some review, i find that Trade Control time frame (h1, m30, m15) that you have chosen is very important. for example gold yesterday. if there is a strong push down and we want to long, h1 TC would not allow any set up. if we are trading with momentum, m15 TC would provide more set ups. i would reckon that m30 is somewhat in the middle for normal trading. {image}
ITB did you enter long trade yesterday? I have marked the same TC as your chart (the bottom one) but I used M30. And I have entered a long trade when price entered the TC zone but ended in a loss. So what to do if we want to avoid this situation?
Trading is not easy
  • #5,695
  • Dec 14, 2024 2:22am Dec 14, 2024 2:22am
Quoting xiaotiao
{quote} ITB did you enter long trade yesterday? I have marked the same TC as your chart (the bottom one) but I used M30. And I have entered a long trade when price entered the TC zone but ended in a loss. So what to do if we want to avoid this situation?
yes i did with floating loss. but i did it with small size as i won't be around next week and will leave it open.
in yesterday situation, no one would know that the we had a strong retracement.
the weekly candle looked weird now. we have a fib 62 for daily range.

it's hard to avoid this situation as losses are part of the business.
in a temporary down trend when situation is not in our favor, we can avoid this by using more filters.
however by using more filters when situation is in our favor, we may not be able to make a trade entry.

with extra filter by putting on the CE only after m30 candle closed inside the TC can avoid yesterday's buy.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,696
  • Edited 7:50am Dec 15, 2024 7:31am | Edited 7:50am
GBPUSD mapping.
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USDJPY mapping.
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Trading is not easy
  • #5,697
  • Dec 15, 2024 9:22pm Dec 15, 2024 9:22pm
Maybe for gold.
1h to 1h EG.
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PA Return Today: na
  • #5,698
  • Dec 16, 2024 12:23am Dec 16, 2024 12:23am
Quoting xiaotiao
GBPUSD mapping.{image} USDJPY mapping. {image} {image}
UJ current flow i guess.
IMHO.
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PA Return Today: na
  • #5,699
  • Dec 16, 2024 2:38am Dec 16, 2024 2:38am
done.
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PA Return Today: na
  • #5,700
  • Dec 16, 2024 2:51am Dec 16, 2024 2:51am
Uj Daily closed as Bullish last Friday,
4h buy holding,
For me, i think if want to short need to see some strong displacement first and retest for short,
or else now 1h still uptrend
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PA Return Today: na
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