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MTF Engulf / Engulf fail

  • #6,401
  • Jan 20, 2025 7:49pm Jan 20, 2025 7:49pm
gold hitting yesterday high and going for other day high.
the h4 wicks kept bouncing off the TC was a gave away.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,402
  • Jan 20, 2025 7:51pm Jan 20, 2025 7:51pm
There are too many conflicting zones in almost all the pairs. It's a tough PA to trade.
Success = Practice + Patience + Persistence
  • #6,403
  • Jan 20, 2025 8:04pm Jan 20, 2025 8:04pm
No idea what GJ wants to do!

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Success = Practice + Patience + Persistence
  • #6,404
  • Jan 20, 2025 8:06pm Jan 20, 2025 8:06pm
Quoting ChinoCop
I have the worst timing when trading. Should have just stayed out this week.
this is another perspective of looking at intra day direction. hope it helps.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,405
  • Jan 20, 2025 8:11pm Jan 20, 2025 8:11pm
Quoting Inthebox
{quote} this is another perspective of looking at intra day direction. hope it helps. {image}
I need to trade what I see instead of what I expect. Thank you so much for your wisdom. It is really appreciated.
  • #6,406
  • Jan 20, 2025 8:13pm Jan 20, 2025 8:13pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,407
  • Jan 20, 2025 8:16pm Jan 20, 2025 8:16pm
Quoting Inthebox
{quote} this is another perspective of looking at intra day direction. hope it helps. {image}
Contrary to EJ, GJ has formed an EF. Can it be considered as a BOS or trend change?
Success = Practice + Patience + Persistence
  • #6,408
  • Jan 20, 2025 8:17pm Jan 20, 2025 8:17pm
It near CNY so busy day job.
miss this set up.
retest 4h , 30m tc 5m BOS
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PA Return This Week: 30.4%
  • #6,409
  • Jan 20, 2025 8:25pm Jan 20, 2025 8:25pm
Quoting fxpider
{quote} Contrary to EJ, GJ has formed an EF. Can it be considered as a BOS or trend change?
using h4 i do not think the main trend down has change yet.
trend line broken and now price comes back to test it.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,410
  • Jan 20, 2025 8:48pm Jan 20, 2025 8:48pm
Quoting Inthebox
mapping for next week open 20jan. target will be day high bsl above. {image}
weekly mission accomplised on 2nd day.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,411
  • Jan 20, 2025 8:52pm Jan 20, 2025 8:52pm
don't chase.
if it does not pullback, just let it go.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,412
  • Jan 20, 2025 9:09pm Jan 20, 2025 9:09pm
practise reversal
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,413
  • Edited 11:07pm Jan 20, 2025 10:53pm | Edited 11:07pm
Quoting Inthebox
practise reversal {image}
lesson learnt.
when looking for reversal with strong daily up trend
do not use too small time frames.
always wait for engulf fail first for a break to the down side.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,414
  • Jan 20, 2025 11:43pm Jan 20, 2025 11:43pm
eurjpy
see whether there's a pullback till london open
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,415
  • Jan 21, 2025 12:40am Jan 21, 2025 12:40am
EUR/GBP idea, placed on demo R:R - 1:2.5
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  • #6,416
  • Jan 21, 2025 12:43am Jan 21, 2025 12:43am
UJ: Some notable rejections at the low, 4H EG buy. Will it turn around?

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Success = Practice + Patience + Persistence
  • #6,417
  • Jan 21, 2025 12:45am Jan 21, 2025 12:45am
Quoting fxpider
UJ: Some notable rejections at the low, 4H EG buy. Will it turn around? {image}
https://www.forexfactory.com/thread/...0#post15122210
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,418
  • Jan 21, 2025 1:04am Jan 21, 2025 1:04am
Quoting 1Hour
EUR/GBP idea, placed on demo R:R - 1:2.5 {image} {image} {image} {image} {image}
forgot about news?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,419
  • Jan 21, 2025 1:53am Jan 21, 2025 1:53am
Quoting Inthebox
{quote} forgot about news? {image}
I learned a painful lesson today. Don't just count on the forexfactory calendar. Make sure you get news real time like https://x.com/financialjuice. I was blindsided by Trump's comments today. Didn't pay attention to the fact that spreads widen and got my ass handed to me. That's my fault, but be warned when you're trading the US and Asian session that Trump can run his mouth and you might get caught in the wrong direction.
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  • #6,420
  • Jan 21, 2025 2:11am Jan 21, 2025 2:11am
Quoting Inthebox
eurjpy see whether there's a pullback till london open {image}
london open. watch the price action.
ITB - Seeing Orderliness amongst 'Randomness'
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