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MTF Engulf / Engulf fail

  • #6,121
  • Jan 8, 2025 1:35am Jan 8, 2025 1:35am
Hopefully, there will be a re-entry opportunity.

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Success = Practice + Patience + Persistence
  • #6,122
  • Jan 8, 2025 1:38am Jan 8, 2025 1:38am
GJ covered back loss early and very small green from it.

gold loss havent cover back yet.

GJ top down zone.
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PA Return This Week: 39.2%
  • #6,123
  • Jan 8, 2025 3:28am Jan 8, 2025 3:28am
Quoting fxpider
{quote} same here. {image}
Hi Fxpider - what would the criteria be for you to have manually closed your trades at a loss? (noting that your first few trade entries went in drawdown, but you kept holding). Thanks.
  • #6,124
  • Jan 8, 2025 3:44am Jan 8, 2025 3:44am
london session gold buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,125
  • Jan 8, 2025 4:05am Jan 8, 2025 4:05am
Quoting boritopalito
Thank you for this amazing thread. I am trying to read my way through all 300 pages. Enjoying it so far. Took my first trade today, and I'll hope you can give me some feedback. I'll share my screens here. {image} {image} {image}
best to have h4 confirming the d1 direction.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,126
  • Edited 4:24am Jan 8, 2025 4:12am | Edited 4:24am
gold begins to range even within london session.
this is the reason why i prefer my trades to be completed within 3 hours, preferably 2 hours if possible.
if it doesn't move, maybe the big boys intended it to move in another session. like during the red news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,127
  • Jan 8, 2025 4:21am Jan 8, 2025 4:21am
Quoting Huber
{quote} Hi Fxpider - what would the criteria be for you to have manually closed your trades at a loss? (noting that your first few trade entries went in drawdown, but you kept holding). Thanks.
I play gold differently than FX. I prefer to have a wider SL based on ADR and use incremental position sizing.
I will take a loss with a CLOSE beyond the zone of my trades.
Success = Practice + Patience + Persistence
  • #6,128
  • Jan 8, 2025 4:27am Jan 8, 2025 4:27am
Quoting Huber
{quote} Hi Fxpider - what would the criteria be for you to have manually closed your trades at a loss? (noting that your first few trade entries went in drawdown, but you kept holding). Thanks.
sometimes i do hold my floating loss trades outside the confirmation entry zone if i see that the htf direction and trade control is still very much intact.
outside of tc zone is the last line of defence.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,129
  • Jan 8, 2025 5:17am Jan 8, 2025 5:17am
Quoting Inthebox
{quote} sometimes i do hold my floating loss trades outside the confirmation entry zone if i see that the htf direction and trade control is still very much intact. outside of tc zone is the last line of defence.
Thanks guys..it seems forming a HTF directional bias is vital to holding onto trades in drawdown. Understanding from which D to D (based on H4 eg ef) that movement is occurring.

Just to clarify, your last line of defence is a close outside of the tc by a candle of the same timeframe (eg m30 candle closes beyond the m30 tc)? Thanks
  • #6,130
  • Jan 8, 2025 5:28am Jan 8, 2025 5:28am
Quoting Huber
{quote} Thanks guys..it seems forming a HTF directional bias is vital to holding onto trades in drawdown. Understanding from which D to D (based on H4 eg ef) that movement is occurring. Just to clarify, your last line of defence is a close outside of the tc by a candle of the same timeframe (eg m30 candle closes beyond the m30 tc)? Thanks
yes either h1 or m30 close beyond tc.
however there can be variations for different traders like your trade having 0.5% floating loss and you can afford holding loss of 2-3% because of your profit earned the previous day.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,131
  • Jan 8, 2025 5:45am Jan 8, 2025 5:45am
https://edition.cnn.com/2025/01/08/e...ffs/index.html

look at gbp if there is no stop loss.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,132
  • Jan 8, 2025 7:05am Jan 8, 2025 7:05am
gold h4 eg to eg.
up down up all for non farm.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,133
  • Jan 8, 2025 8:11am Jan 8, 2025 8:11am
Lucky this time i didnt scare off.
Cover back loss and 4% from small account.
thanks to Inthebox analysis add confident to my view
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PA Return This Week: 39.2%
  • #6,134
  • Jan 8, 2025 8:44am Jan 8, 2025 8:44am
Quoting Inthebox
{quote} {quote}{image}
gold bsl target hit.
bot after unemployment claims news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,135
  • Jan 8, 2025 8:52am Jan 8, 2025 8:52am
i have just completed the ic markets mt5 demo and had been trading live since the beginning of this week.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,136
  • Jan 8, 2025 9:05am Jan 8, 2025 9:05am
Quoting LeongPuiy
Lucky this time i didnt scare off. Cover back loss and 4% from small account. thanks to Inthebox analysis add confident to my view {image}
you from kl?
i go there you belanja me makan ok?
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,137
  • Jan 8, 2025 9:25am Jan 8, 2025 9:25am
Quoting Inthebox
{quote} you from kl? i go there you belanja me makan ok?
i am from sarawak.
can come for sarawak laksa and kolo mee
PA Return This Week: 39.2%
  • #6,138
  • Jan 8, 2025 9:34am Jan 8, 2025 9:34am
Quoting LeongPuiy
{quote} i am from sarawak. can come for sarawak laksa and kolo mee
i last visited Sarawak over twenty years ago.
i liked the cultural events and the dayak long house.
and i loved damai beach resort, santubong.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,139
  • Jan 8, 2025 8:31pm Jan 8, 2025 8:31pm
gold. monitor your own TC and CE.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,140
  • Jan 8, 2025 9:07pm Jan 8, 2025 9:07pm
Quoting Inthebox
{quote} i last visited Sarawak over twenty years ago. i liked the cultural events and the dayak long house. and i loved damai beach resort, santubong.
that really long time ago.
can come visit again
PA Return This Week: 39.2%
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