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MTF Engulf / Engulf fail

  • #6,421
  • Jan 21, 2025 2:13am Jan 21, 2025 2:13am
Quoting ChinoCop
{quote} I learned a painful lesson today. . {image}
trade the 1st 2-3 hours of market open. we want the volume.
asia
london
new york
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,422
  • Jan 21, 2025 2:18am Jan 21, 2025 2:18am
Quoting Inthebox
{quote} london open. watch the price action.
Looks like it's getting there. Need another push up for this to finally top.
  • #6,423
  • Jan 21, 2025 2:22am Jan 21, 2025 2:22am
Quoting Inthebox
{quote} trade the 1st 2-3 hours of market open. we want the volume. asia london new york
Actually we need movement. You are right, bigger moves we have at market opens.
Biggest volume is in financials but how they move ? Very slowly compared to gold.

What is better 10 point move with 10'000 contracts or 100'000 contracts ?
I might be wrong , I have been wrong before
  • #6,424
  • Jan 21, 2025 2:31am Jan 21, 2025 2:31am
Quoting ChinoCop
{quote} Looks like it's getting there. Need another push up for this to finally top.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,425
  • Jan 21, 2025 2:40am Jan 21, 2025 2:40am
Quoting Inthebox
{quote} {image}
Drew my fibs wrong. Looks like I missed the initial entry.
  • #6,426
  • Jan 21, 2025 2:52am Jan 21, 2025 2:52am
Quoting Inthebox
{quote} The trading career is a Marathon not a sprint. The goal is to maintain consistency of 5-10% weekly return. {image} {image}
hi ITB, 10% return per week is so insane. how about your max DD and risk per trade?
Do you use SL when trade?
i am newbie and want start trading with prop firm.
sorry, my english not good.
  • #6,427
  • Jan 21, 2025 3:35am Jan 21, 2025 3:35am
Quoting Inthebox
{quote} 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. {image}
the 1st leg of drop
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,428
  • Jan 21, 2025 3:42am Jan 21, 2025 3:42am
Quoting Inthebox
{quote} {image}
a bit slow
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,429
  • Jan 21, 2025 4:14am Jan 21, 2025 4:14am
who bot uj?
once the fvg got taken out, it was easy trading.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,430
  • Jan 21, 2025 4:19am Jan 21, 2025 4:19am
ok guys, my weekly tuesday night out.
trade safe.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,431
  • Jan 21, 2025 7:09am Jan 21, 2025 7:09am
2 Take Profits today, equity increased by 78%, a fantastic day!
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  • #6,432
  • Jan 21, 2025 7:27am Jan 21, 2025 7:27am
Quoting nguyenvu0123
2 Take Profits today, equity increased by 78%, a fantastic day! {image}


Are you doing YOLO trade?
Success = Practice + Patience + Persistence
  • #6,433
  • Jan 21, 2025 7:56am Jan 21, 2025 7:56am
I use a $30 account and place trades with 0.01 lot for gold. Yesterday, I reached $34, and today it's $53.32.
  • #6,434
  • Jan 21, 2025 7:59am Jan 21, 2025 7:59am
Quoting nguyenvu0123
I use a $30 account and place trades with 0.01 lot for gold. Yesterday, I reached $34, and today it's $53.32.
Nice job.
Success = Practice + Patience + Persistence
  • #6,435
  • Jan 21, 2025 8:40am Jan 21, 2025 8:40am
Quoting Inthebox
{quote} the 1st leg of drop {image}
back to the top
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,436
  • Edited 10:37am Jan 21, 2025 10:16am | Edited 10:37am
Quoting Inthebox
{quote} back to the top {image}
tq ITB. The sop works. Nanti i blanja makan. Tq sifu
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  • #6,437
  • Edited 6:52pm Jan 21, 2025 6:38pm | Edited 6:52pm
be careful we will be facing difficult times ranging at mtf resistants with smaller candles.
trade with smaller unit size or sit on your hands.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,438
  • Jan 21, 2025 6:48pm Jan 21, 2025 6:48pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,439
  • Jan 21, 2025 6:56pm Jan 21, 2025 6:56pm
practise looking for bearish QM in m1.
that will slow down your trade entry.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,440
  • Jan 21, 2025 8:46pm Jan 21, 2025 8:46pm
IMO, GOLD might retrace hard from one of these inflection points.

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Success = Practice + Patience + Persistence
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