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MTF Engulf / Engulf fail

  • #6,321
  • Jan 16, 2025 2:20am Jan 16, 2025 2:20am
gold asia high target
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,322
  • Edited 2:54am Jan 16, 2025 2:44am | Edited 2:54am
this week did not have a good start.
gold on monday at the onset drop the whole day into the next for about 370 pips.
the rest of the week is doing damage control to recover.
now i recovered, still within my 5% per week equity performance.
trade safe.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,323
  • Edited 4:31am Jan 16, 2025 4:13am | Edited 4:31am
Quoting ChinoCop
Looking for possible zones to re-engage shorts. {image}
Got in at the ellipse and cashed out at 4.5R. Thanks IslandFx911 for showing us his method.
I was thinking about holding until 159.478, but I want to call it at least a night, maybe the week. Went from -5R to +4R in the account. Trading is hard. I need to stop second guessing myself and sometimes just pull the trigger.

Happy trading to all!

https://www.forexfactory.com/attachment/image/4879303
  • #6,324
  • Jan 16, 2025 4:19am Jan 16, 2025 4:19am
Quoting ChinoCop
{quote} Got in at the ellipse at cashed out at 4R. Thank IslandFx911 for showing us his method. I was thinking about holding until 159.478, but I want to call it at least a day, maybe the week. Went from -5R to +4R in the account. Trading is hard. I need to stop second guessing myself and sometimes just pull the trigger. Happy trading to all!
Hi CC,
I cannot take credit for this strategy. ITB deserves all the credit for the effort he has put in on this thread.
We have similar trading styles that work ,everything you need to learn is here in this thread.
Nice to see great charts and trades being posted
Your trade order needs to be in the right place at the right time.
  • #6,325
  • Jan 16, 2025 4:21am Jan 16, 2025 4:21am
I am just trying a long on EA
Your trade order needs to be in the right place at the right time.
  • #6,326
  • Jan 16, 2025 4:35am Jan 16, 2025 4:35am
Quoting Islandfx911
{quote} Hi CC, I cannot take credit for this strategy. ITB deserves all the credit for the effort he has put in on this thread. We have similar trading styles that work ,everything you need to learn is here in this thread. Nice to see great charts and trades being posted
Well, I used ITB's system to find the ideal zone and your method for the entry. YES, thank you ITB for being so generous.
  • #6,327
  • Jan 16, 2025 5:40am Jan 16, 2025 5:40am
i think gold will go up to the month high but do not know how long it will take.
there are some slow down and it's time to practise your forward testing.
it will need to go down first to accumulate in order to go up.
i won't be following through on this.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,328
  • Jan 16, 2025 7:24am Jan 16, 2025 7:24am
Not a good week for me.
was bearish bias for UJ but it took 2 days range then drop.
Then want do some scalping pullback but not at right time, get stop out both way.

but fortunately i cover back from gold and 1.5% gained so far for this week.
the line is 4H and daily close/ open price as bull target.
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PA Return This Week: 39.2%
  • #6,329
  • Jan 16, 2025 7:29am Jan 16, 2025 7:29am
Gold buy trade.
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Trading is not easy
  • #6,330
  • Jan 16, 2025 7:54am Jan 16, 2025 7:54am
Quoting LeongPuiy
Next maybe 2715-2718. Daily resistance. just a thought {image}
reached.
PA Return This Week: 39.2%
  • #6,331
  • Jan 16, 2025 8:43am Jan 16, 2025 8:43am
Quoting Inthebox
i think gold will go up to the month high but do not know how long it will take. there are some slow down and it's time to practise your forward testing. it will need to go down first to accumulate in order to go up. i won't be following through on this. {image}
one step closer
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,332
  • Jan 16, 2025 7:52pm Jan 16, 2025 7:52pm
Quoting Inthebox
this week's targets above. {image} {image}
unfinished business above.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,333
  • Jan 16, 2025 8:26pm Jan 16, 2025 8:26pm
Quoting ChinoCop
Looking for possible zones to re-engage shorts. {image}
your favorite pair. maybe a reversal.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,334
  • Jan 16, 2025 8:33pm Jan 16, 2025 8:33pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,335
  • Jan 16, 2025 9:22pm Jan 16, 2025 9:22pm
Quoting Inthebox
{quote} your favorite pair. maybe a reversal. {image}
Looks like it has reversed as we have BOS. I put on a short from my small account just to test a theory and left it running unattended. Needless to say if you're entering on the 5 minute chart and using set and forget that doesn't work haha.
  • #6,336
  • Jan 16, 2025 9:31pm Jan 16, 2025 9:31pm
Quoting ChinoCop
{quote} Looks like it has reversed as we have BOS. I put on a short from my small account just to test a theory and left it running unattended. Needless to say if you're entering on the 5 minute chart and using set and forget that doesn't work haha.
i personally prefer to see a medium term h4 candle close for reversal.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,337
  • Jan 16, 2025 10:44pm Jan 16, 2025 10:44pm
asia ranging.
switch to m15.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,338
  • Jan 17, 2025 12:40am Jan 17, 2025 12:40am
UJ: entered into a strong resistance zone before the Europe session.

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Success = Practice + Patience + Persistence
  • #6,339
  • Jan 17, 2025 1:02am Jan 17, 2025 1:02am
Quoting Inthebox
asia ranging. switch to m15. {image}
i got 4h EG sell currently,
i guess need to beware sudden pullback
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PA Return This Week: 39.2%
  • #6,340
  • Jan 17, 2025 1:02am Jan 17, 2025 1:02am
Quoting fxpider
UJ: entered into a strong resistance zone before the Europe session. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
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