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MTF Engulf / Engulf fail

  • #6,161
  • Jan 9, 2025 2:11am Jan 9, 2025 2:11am
Quoting Inthebox
{quote} there are clues. big and small. 3 big ones given below. and many small ones in the smaller time frames. it all depends on the individual how meticulous he can get. {image} {image}
Did you take the origin of the move who break the low as a first entry and after the origin of the movement (the top candle)?
  • #6,162
  • Jan 9, 2025 2:18am Jan 9, 2025 2:18am
Quoting fxpider
IMO, the most critical part of this EG/EF strategy is the CE which is the nucleus of a winning setup and perfect entry. The core part of the CE is the TF alignment.
the core is break of structure with retest.
the epitome of which is seeing only candles pure naked trading, even without putting on ef/eg or snr.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,163
  • Jan 9, 2025 2:50am Jan 9, 2025 2:50am
something is going on.
london open level kept.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,164
  • Jan 9, 2025 3:06am Jan 9, 2025 3:06am
Quoting Inthebox
something is going on. london open level kept. {image}
The big question is - which side of the line is being used for accumulation?

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Success = Practice + Patience + Persistence
  • #6,165
  • Jan 9, 2025 3:25am Jan 9, 2025 3:25am
Quoting fxpider
{quote} The big question is - which side of the line is being used for accumulation? {image}
for me, i see:
1. price in pepperstone h4 eg buy.
2. equal high
3. jagged edge higher low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,166
  • Jan 9, 2025 4:32am Jan 9, 2025 4:32am
Quoting Inthebox
{quote} for me, i see: 1. price in pepperstone h4 eg buy. 2. equal high 3. jagged edge higher low. {image}
trading in a range
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,167
  • Jan 9, 2025 4:54am Jan 9, 2025 4:54am
Quoting bogdan.ung
{quote} Did you take the origin of the move who break the low as a first entry and after the origin of the movement (the top candle)?
your question is not clear to me. it would be better to mark on the chart.
i just answer as follows.
you can split your size into two.
one entry is on the close of the break.
the other entry on a close of a pullback.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,168
  • Jan 9, 2025 5:01am Jan 9, 2025 5:01am
no more red news and gold is near the top.
no more trading unless there is a pullback.
to coincide the break of resistant with a market session.
the question is how deep will the pullback be?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,169
  • Jan 9, 2025 5:08am Jan 9, 2025 5:08am
Just a thought , i miss it and sideway for gold.
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PA Return This Week: 39.2%
  • #6,170
  • Jan 9, 2025 5:50am Jan 9, 2025 5:50am
Quoting Inthebox
no more red news and gold is near the top. no more trading unless there is a pullback. to coincide the break of resistant with a market session. the question is how deep will the pullback be? {image}
i was thinking it up during NFP, but it up strong today
miss the chance.
waiting time.
PA Return This Week: 39.2%
  • #6,171
  • Jan 9, 2025 6:24am Jan 9, 2025 6:24am
Accept wrong.
My bias for UJ is bull but cant deny the EG sell holding it.
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PA Return This Week: 39.2%
  • #6,172
  • Edited Jan 10, 2025 1:43am Jan 9, 2025 7:12pm | Edited Jan 10, 2025 1:43am
Got whipsawed out of 2 trades in EJ. Lost 2R feeling like a total loser.

 

  1. I did not pull the trigger where the first green checkmark was
  2. I also noted where the second turning point was with the second green checkmark
  3. Instead, I bought at the 1st X. I thought that price had made a higher high on the chart as it was at the 61.8 of the impulse move up
  4. The last trade I shorted trying to get back my trade because I thought that price was going to break downwards.

I should have followed my plan. I don't know why I didn't. We can plan ahead of time but when money is on the line it all goes out the window. Anyway, I should have closed my terminal after the first trade and called it a day.

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  • #6,173
  • Jan 9, 2025 7:47pm Jan 9, 2025 7:47pm
today most likely very little trading.
already ranging for non farm.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,174
  • Jan 9, 2025 8:11pm Jan 9, 2025 8:11pm
Quoting Inthebox
today most likely very little trading. already ranging for non farm. {image}
AU and GJ probably have printed their low for this week.
Success = Practice + Patience + Persistence
  • #6,175
  • Jan 9, 2025 8:13pm Jan 9, 2025 8:13pm
Quoting ChinoCop
Got whipsawed out of 2 trades in EJ. {image}
difficult conditions pre non farm.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,176
  • Jan 9, 2025 8:22pm Jan 9, 2025 8:22pm
Hi ITB,

This is my question about EJ in particular. The overall trend, at least from January 7th, is down as we've made lower lows, but the current short-term trend has been higher highs. Which one takes precedence if you're trading a lower time frame.

I feel like an idiot now because I didn't follow my rules if I had followed them I would be positive in my account. I hope I learn my lesson.
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  • #6,177
  • Jan 9, 2025 8:23pm Jan 9, 2025 8:23pm
gold buy. waiting to BE.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,178
  • Jan 9, 2025 8:25pm Jan 9, 2025 8:25pm
Yesterday, I was wrong about GOLD bias and analysis. As a result, I am still licking my wounds.

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if anyone is feeling low, Please watch the following video which is so true about trading.

Inserted Video
Success = Practice + Patience + Persistence
  • #6,179
  • Jan 9, 2025 8:43pm Jan 9, 2025 8:43pm
Quoting ChinoCop
Hi ITB, This is my question about EJ in particular. The overall trend, at least from January 7th, is down as we've made lower lows, but the current short-term trend has been higher highs. Which one takes precedence if you're trading a lower time frame. I feel like an idiot now because I didn't follow my rules if I had followed them I would be positive in my account. I hope I learn my lesson. {image}
as a trader learn to wait for trade alignment. i still make mistakes myself.
you have also to learn to accept the loss and move on. or else you retain the negative emotions inside you and fear creeps in your next trade.

https://www.forexfactory.com/thread/...5#post15111655
wait for time frames alignment.
d1 eg sell flowed into d1 buy.
h4 tells the medium term conditions. lower high lower low.
price was in h4 eg sell. patience in waiting for pullback to m30 sell trade control. wait for price to close below m5 eg sell.

look here.
price left h4 eg sell, pullback to same eg sell.
price left m30 eg sell, pullback to same eg sell.
price left m5 eg sell, pullback to same eg sell.
you see why the lower time frames short term trend will mess you up.
because they are all pullback.
so focus and know that they are just pullback.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,180
  • Jan 9, 2025 8:50pm Jan 9, 2025 8:50pm
Quoting fxpider
Yesterday, I was wrong about GOLD bias and analysis. As a result, I am still licking my wounds. {image} if anyone is feeling low, Please watch the following video which is so true about trading. https://www.youtube.com/watch?v=rw6wPQmA1GY
yes and if one keeps on insisting his own way and refuse to wake up and change,
some one is going to take away the trampoline.
ITB - Seeing Orderliness amongst 'Randomness'
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