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MTF Engulf / Engulf fail

  • #6,541
  • Jan 28, 2025 1:17am Jan 28, 2025 1:17am
wow.
answer found why 95% of traders fail.

Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,542
  • Jan 28, 2025 1:26am Jan 28, 2025 1:26am
won't be around here much these 2 days.
celebrating the lunar new year.
trade safe.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,543
  • Edited 2:00am Jan 28, 2025 1:39am | Edited 2:00am
Quoting Inthebox
wow. answer found why 95% of traders fail. https://www.youtube.com/shorts/6JeNu8CiBio
Yes most will lose that we know but where is the big discrepancy coming from ?
CFD brokers must reports how client are doing.
When I traded with FXCM then 74 % ( today 63 % ) of client lost money.
Today on PLUS500 it 77% of client lose money.

People keep repeating 95% but what is origin of it ?
I read it from Trader Vic book from 1991.
How far it actually goes ?
I might be wrong , I have been wrong before
  • #6,544
  • Jan 28, 2025 3:13am Jan 28, 2025 3:13am
Quoting Mandariin
{quote} Yes most will lose that we know but where is the big discrepancy coming from ? CFD brokers must reports how client are doing. When I traded with FXCM then 74 % ( today 63 % ) of client lost money. Today on PLUS500 it 77% of client lose money. People keep repeating 95% but what is origin of it ? I read it from Trader Vic book from 1991. How far it actually goes ?
i personally believe the answer is not found in external circumstances.
i am not talking about red news, sudden central bank/government announcement, wars, natural disasters, etc .......

in normal circumstances, the root of losses come mostly from the trader himself internally.
but most would not work on them to improve and prefer to blame outside forces.
things like greed, fear, fomo, trading size, over trading, unclear mind, no plan, not following rules, risk and trade management, etc come from the trader himself not realizing, ignorant, refusing to admit mistakes and not handling them properly.
if these are not rectified, forget about trading altogether.
we have to realize that these on ongoing process to improve oneself.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,545
  • Jan 28, 2025 3:28am Jan 28, 2025 3:28am
Quoting Inthebox
{quote} i personally believe the answer is not found in external circumstances. i am not talking about red news, sudden central bank/government announcement, wars, natural disasters, etc ....... in normal circumstances, the root of losses come mostly from the trader himself internally. but most would not work on them to improve and prefer to blame outside forces. things like greed, fear, fomo, trading size, over trading, unclear mind, no plan, not following rules, risk and trade management, etc come from the trader himself not realizing, ignorant,...
I think 95% and new data from from different CFD brokers ca 75 %. Retail traders are getting better.
I fully agree with you. Answers are inside of us. Having a plan and sticking to it is a key of success.
Today was day 1 when I finally remove PNL from chart. Only end of day I will find out how it went.
And I already feel the difference - no urge to close trade before target.
I might be wrong , I have been wrong before
  • #6,546
  • Jan 28, 2025 5:00am Jan 28, 2025 5:00am
Lame kindergarten poem just for fun and games.

Winning traders secret
I am convinced winning traders know some secret.
Magical formula they possess to make trades appropriate.
Same ENGULFING method, yet traders produce different results
Market God blesses fortune for winning traders and loots money from others.

I know a secret - said no winning trader ever.
It's always the hard work, discipline &"it took me forever"
Just like Midas, every trade they touch turns into gold
Me meanwhile wicked tops I bought and dips I sold.

Bit of advice: "buy low and sell high", winning trader scammed me
Little did I know their eyes see what I can't see.
A 20/20 vision so good, I wonder what they are looking at.
He whispers, "I can't tell you," "Its a secret."

Gimme the secret info, I wanna join the winning club
Been searching for aha moment to turn my mind's light bulb.
With your secret recipe, I too shall cook in the market
Predict every peaks and valleys, a fortune teller, Jesus incarnate.

Now I am become death, destroyer of the world.
With your secret, losing I forget, only sniper trades and mindset ice cold.
Your secrets I promise to keep safe in the treasure chest buried under the sea
No one shall break the lock for I have swallowed the only master key.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #6,547
  • Jan 28, 2025 6:37am Jan 28, 2025 6:37am
Gold short idea.
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  • #6,548
  • Jan 28, 2025 10:46am Jan 28, 2025 10:46am
Quoting Inthebox
{quote} {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,549
  • Jan 28, 2025 8:22pm Jan 28, 2025 8:22pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,550
  • Jan 28, 2025 9:50pm Jan 28, 2025 9:50pm
Back after a short break. It looks like, I did not miss much in the last two days.
Success = Practice + Patience + Persistence
  • #6,551
  • Jan 28, 2025 9:53pm Jan 28, 2025 9:53pm
Quoting Inthebox
{image}
the QM level might have failed but the QM structure is still in play, IMO.

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Success = Practice + Patience + Persistence
  • #6,552
  • Jan 28, 2025 10:24pm Jan 28, 2025 10:24pm
UJ:

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Success = Practice + Patience + Persistence
  • #6,553
  • Jan 29, 2025 5:41am Jan 29, 2025 5:41am
Chinese new year angpaw $55.
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PA Return Today: 0.3%
  • #6,554
  • Jan 29, 2025 8:57am Jan 29, 2025 8:57am
Quoting Inthebox
{image}
gold nyse open
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,555
  • Jan 29, 2025 7:06pm Jan 29, 2025 7:06pm
gold rate announcement.
towards bsl.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,556
  • Jan 30, 2025 1:06am Jan 30, 2025 1:06am
gold previous day high
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,557
  • Jan 30, 2025 1:37am Jan 30, 2025 1:37am
Quoting Inthebox
gold previous day high {image}
Is this a HH or liquidity sweep?
Success = Practice + Patience + Persistence
  • #6,558
  • Jan 30, 2025 1:49am Jan 30, 2025 1:49am
Quoting fxpider
{quote} Is this a HH or liquidity sweep?
How different it looks. Futures vs CFDs.
Futures chart looks better I see 2818 = 2786 on XAUUSD
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I might be wrong , I have been wrong before
  • #6,559
  • Jan 30, 2025 2:22am Jan 30, 2025 2:22am
Quoting fxpider
{quote} Is this a HH or liquidity sweep?
the target is last week high. about 100 pips more.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,560
  • Jan 30, 2025 5:25am Jan 30, 2025 5:25am
Quoting Mandariin
{quote} How different it looks. Futures vs CFDs. Futures chart looks better I see 2818 = 2786 on XAUUSD {image} {image}
Futures reach to target.
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CFD - XAUUSD
Sure 70 tick still to offer ?

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I might be wrong , I have been wrong before
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