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MTF Engulf / Engulf fail

  • #6,001
  • Jan 2, 2025 8:10pm Jan 2, 2025 8:10pm
GJ

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Success = Practice + Patience + Persistence
  • #6,002
  • Jan 2, 2025 8:23pm Jan 2, 2025 8:23pm
AU: The bulls are waiting for a daily EG.

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Success = Practice + Patience + Persistence
  • #6,003
  • Jan 2, 2025 8:52pm Jan 2, 2025 8:52pm
Quoting fxpider
{image}
i think i won't be trading today, or with a small unit size.
not much room to move.

gold cmp at d1 h4 sell.
the uptrend came from w1 d1 h4 buy which i think is stronger.
if selling, i would use h1 tc and m15 ce to be more cautious.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,004
  • Jan 2, 2025 8:57pm Jan 2, 2025 8:57pm
Hi ITB any feedback on this? I’m struggling with confirmations i think.
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  • #6,005
  • Edited 9:53pm Jan 2, 2025 9:17pm | Edited 9:53pm
Quoting 1Hour
Hi ITB any feedback on this? I’m struggling with confirmations i think. {image} {image} {image}
when you struggle to find TC and CE, most likely it is ranging.
the good trades are always the more obvious ones that stand out.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,006
  • Jan 2, 2025 9:18pm Jan 2, 2025 9:18pm
Quoting Inthebox
{quote} i think i won't be trading today, or with a small unit size. not much room to move. gold cmp at d1 h4 sell. the uptrend came from w1 d1 h4 buy which i think is stronger. if selling, i would use h1 tc and m15 ce to be more cautious. {image} {image}
Thanks for the reasoning that makes sense. I lost my first trade but was able to recover in the subsequent trades. I will wait until the zone is broken or rejected.

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Success = Practice + Patience + Persistence
  • #6,007
  • Jan 2, 2025 9:28pm Jan 2, 2025 9:28pm
Quoting Inthebox
{quote} gold buy continuation 2.4% return in less than one hour {image}
Hi, ITB. I have a question. Do you always consider HTF engulf + mid TF Trade control too in continuation trade? or you will entry based on mid TF trade control + LTF CE only? because a trader in Telegram group said that he doesnt need HTF engulf align with Mid TF zone in continuation trade.
Trading is not easy
  • #6,008
  • Jan 2, 2025 9:48pm Jan 2, 2025 9:48pm
Quoting fxpider
{quote} Thanks for the reasoning that makes sense. I lost my first trade but was able to recover in the subsequent trades. I will wait until the zone is broken or rejected. {image}
my first day of 2025 was a red day
due to short gold
PA Return This Week: na
  • #6,009
  • Jan 2, 2025 9:49pm Jan 2, 2025 9:49pm
Quoting xiaotiao
{quote} Hi, ITB. I have a question. Do you always consider HTF engulf + mid TF Trade control too in continuation trade? or you will entry based on mid TF trade control + LTF CE only? because a trader in Telegram group said that he doesnt need HTF engulf align with Mid TF zone in continuation trade.
there are times when there's no htf eg.
we see momentum higher high higher low moves.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,010
  • Jan 2, 2025 11:02pm Jan 2, 2025 11:02pm
Quoting LeongPuiy
{quote} my first day of 2025 was a red day due to short gold
Don't worry, and take it easy. The big players will return to the market next week. Hold your horses and wait for the right setups.
Success = Practice + Patience + Persistence
  • #6,011
  • Jan 3, 2025 12:04am Jan 3, 2025 12:04am
Gold: Asia low got cleaned up. On the other hand, LTF has formed Bos and EG/EF which indicate the bear pressure.
Success = Practice + Patience + Persistence
  • #6,012
  • Jan 3, 2025 12:15am Jan 3, 2025 12:15am
Quoting fxpider
Gold: Asia low got cleaned up. On the other hand, LTF has formed Bos and EG/EF which indicate the bear pressure.
asia low could be for liquidity sweep
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,013
  • Jan 3, 2025 2:03am Jan 3, 2025 2:03am
I am going to try a small sell from top EG, we turned weekly bullish yesterday and we have a bearish daily HNS, so we are between a rock and a hard place
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  • #6,014
  • Jan 3, 2025 2:06am Jan 3, 2025 2:06am
Today's market is absolutely crazy.
Success = Practice + Patience + Persistence
  • #6,015
  • Jan 3, 2025 2:12am Jan 3, 2025 2:12am
Hi ITB, you mention entering trades also at market open. Does his increase you win percentage? Also, is there a time you stop trading after a certain time after the open?
  • #6,016
  • Jan 3, 2025 2:50am Jan 3, 2025 2:50am
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isn't this a valid entry signal short? H4 eg bear, an historical first entry zone m30 and the ce m5? And several m5 continuation entries.
  • #6,017
  • Jan 3, 2025 3:13am Jan 3, 2025 3:13am
Quoting huskyboy
{image} isn't this a valid entry signal short? H4 eg bear, an historical first entry zone m30 and the ce m5? And several m5 continuation entries.
IMO, if you were trading off the historical TC then yes, there was a CE @ liquidity sweep at the top. However, the CMP TC did not give any CE in LTF, we only had few continuation re-entry opportunities.

Let's wait for ITB's opinion.
Success = Practice + Patience + Persistence
  • #6,018
  • Jan 3, 2025 3:24am Jan 3, 2025 3:24am
Quoting fxpider
{quote} IMO, if you were trading off the historical TC then yes, there was a CE @ liquidity sweep at the top. However, the CMP TC did not give any CE in LTF, we only had few continuation re-entry opportunities. Let's wait for ITB's opinion.
Thank you and completely agree, indeed there was no CMP TC, but like its said in the vids, sometimes we need to focus on the first entry zone.
  • #6,019
  • Jan 3, 2025 3:43am Jan 3, 2025 3:43am
Quoting huskyboy
{quote} Thank you and completely agree, indeed there was no CMP TC, but like its said in the vids, sometimes we need to focus on the first entry zone.
I find the first entry riskier, it's a hit-and-miss game. I try to wait for a CMP TC or LTF EG+EF, I hope it makes sense.
Success = Practice + Patience + Persistence
  • #6,020
  • Jan 3, 2025 5:09am Jan 3, 2025 5:09am
Quoting 1Hour
Hi ITB, you mention entering trades also at market open. Does his increase you win percentage? Also, is there a time you stop trading after a certain time after the open?
trading market open means that you have the volume.
gold usually moves 30 - 60 pips. i try to get 30 pips or so within 3 hours for 1% return.
whether one win or lose is dependent on how one is reading the market direction correctly.
ITB - Seeing Orderliness amongst 'Randomness'
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