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MTF Engulf / Engulf fail

  • #6,461
  • Jan 22, 2025 4:46am Jan 22, 2025 4:46am
Quoting fxpider
{quote} Drawn into the trap by the dump, now trapped in loss management mode.
Quoting Inthebox
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. {image}
smaller unit size or half of usual. gold range is merciless.
me too. floating loss. cushion from previous profits.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,462
  • Jan 22, 2025 4:49am Jan 22, 2025 4:49am
Quoting Inthebox
{image}
eg fail.
the difficulty of trading possible reversal. ranging for period of time.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,463
  • Jan 22, 2025 5:02am Jan 22, 2025 5:02am
still some hope as long as it does not close above previous wick.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,464
  • Jan 22, 2025 5:30am Jan 22, 2025 5:30am
GJ: Has the corrective wave been completed, or is it transitioning into an impulse wave?

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Success = Practice + Patience + Persistence
  • #6,465
  • Jan 22, 2025 5:37am Jan 22, 2025 5:37am
come on. end up like this ................. i hope.. LOL.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,466
  • Jan 22, 2025 6:02am Jan 22, 2025 6:02am
Quoting Inthebox
come on. end up like this ................. i hope.. LOL. {image}


I had a dream of the following chart @3.00 am this morning, and according to the dream science, there is a high probability of it coming true.

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source: https://www.timesnownews.com/spiritu...icle-109822164
Success = Practice + Patience + Persistence
  • #6,467
  • Jan 22, 2025 6:10am Jan 22, 2025 6:10am
Quoting fxpider
{quote} Drawn into the trap by the dump, now trapped in loss management mode.
OMG! managed to get out with BE.

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Success = Practice + Patience + Persistence
  • #6,468
  • Jan 22, 2025 6:14am Jan 22, 2025 6:14am
Quoting fxpider
{quote} UJ: Trade update {image}
UJ: 2nd go @ London session.

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Success = Practice + Patience + Persistence
  • #6,469
  • Jan 22, 2025 6:45am Jan 22, 2025 6:45am
I see you fellows and Sifu ITB after CNY.
i cannot focus recently and not in the mood trading due to personal some problems.

good luck and always stay green.
PA Return This Week: 37.9%
  • #6,470
  • Jan 22, 2025 6:54am Jan 22, 2025 6:54am
Quoting LeongPuiy
I see you fellows and Sifu ITB after CNY. i cannot focus recently and not in the mood trading due to personal some problems. good luck and always stay green.
Address your personal matters first, then return stronger. The market will still be here.

Success = Practice + Patience + Persistence
  • #6,471
  • Jan 22, 2025 7:00am Jan 22, 2025 7:00am
Quoting LeongPuiy
I see you fellows and Sifu ITB after CNY. i cannot focus recently and not in the mood trading due to personal some problems. good luck and always stay green.
come back with fresh and clear mind
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,472
  • Jan 22, 2025 7:01am Jan 22, 2025 7:01am
Quoting fxpider
{quote} I had a dream of the following chart @3.00 am this morning, and according to the dream science, there is a high probability of it coming true. {image}{image} source: https://www.timesnownews.com/spiritu...icle-109822164
6 more days to go?
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,473
  • Jan 22, 2025 7:06am Jan 22, 2025 7:06am
Quoting Inthebox
{quote} 6 more days to go?
Within 7 days... so it can also happen today
Success = Practice + Patience + Persistence
  • #6,474
  • Jan 22, 2025 8:37am Jan 22, 2025 8:37am
Quoting fxpider
{quote} Within 7 days... so it can also happen today
i also have been working very hard to send out telepathic messages to the big boys and market makers to make today a red candle day. one just one red candle.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,475
  • Jan 22, 2025 8:40am Jan 22, 2025 8:40am
i am now reading Demark TD sequential count. very interesting.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,476
  • Jan 22, 2025 8:13pm Jan 22, 2025 8:13pm
Quoting Inthebox
{quote} i also have been working very hard to send out telepathic messages to the big boys and market makers to make today a red candle day. one just one red candle.
This week, we did not get any red candle yet. We will highly likely get one either by today or tomorrow.
Success = Practice + Patience + Persistence
  • #6,477
  • Jan 22, 2025 8:21pm Jan 22, 2025 8:21pm
Quoting Inthebox
i am now reading Demark TD sequential count. very interesting.
What does counting say about the exhaustion of this bull trend?
Success = Practice + Patience + Persistence
  • #6,478
  • Edited 8:51pm Jan 22, 2025 8:40pm | Edited 8:51pm
Quoting fxpider
{quote} What does counting say about the exhaustion of this bull trend?
i find that the candles count depend on the time frames you look at, although it was supposed to be for daily.
after 9 - 13 successful count of candles in one direction and according to certain rules and whether it reach the support resistant or not, it can be determined whether it is a trend or a pullback.
for example. it is now on the 6th down candle in a h2 time frame.
on the 3rd down candle in a h4 oanda time frame.
on the daily the up trend is on going.
probably heading to the previous quarterly candle high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,479
  • Jan 22, 2025 9:02pm Jan 22, 2025 9:02pm
Quoting Inthebox
{quote} i find that the candles count depend on the time frames you look at, although it was supposed to be for daily. after 9 - 13 successful count of candles in one direction and according to certain rules and whether it reach the support resistant or not, it can be determined whether it is a trend or a pullback. for example. it is now on the 6th down candle in a h2 time frame. on the 3rd down candle in a h4 oanda time frame. on the daily the up trend is on going. probably heading to the previous quarterly candle high.

I find the counting a bit complicated for the COUNTDOWN phase. However, I guess the PRICE FLIP and the SETUP phase can be incorporated into the EG/EF methodology. I need to do some backtesting over the weekend though.
Success = Practice + Patience + Persistence
  • #6,480
  • Jan 22, 2025 9:10pm Jan 22, 2025 9:10pm
the wick does the damage the body tells the story
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ITB - Seeing Orderliness amongst 'Randomness'
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