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Engulf Bar Trading Journal 19 replies

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Attachments: MTF Engulf / Engulf fail
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MTF Engulf / Engulf fail

gold at premium.
careful on lot size.
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
closing gap? {image}
gap closed and dropped
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,603
  • Quote
  • Edited 11:31pm Feb 3, 2025 11:20pm | Edited 11:31pm
Quoting Inthebox
gold at premium. careful on lot size. {image}
opportunity to BE for QM and see whether gold will drop to asia low.
reckon that it should not close above previous swing high.
it doesn't really matter anymore till next market open.
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ITB - Seeing Orderliness amongst 'Randomness'
The 1st day of FEB has thrown some difficult charts to trade.
Success = Practice + Patience + Persistence
Can this flip and up again?
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Training.
Quoting Inthebox
{quote} opportunity to BE for QM and see whether gold will drop to asia low. reckon that it should not close above previous swing high. it doesn't really matter anymore till next market open. {image}
gold london open
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} gold london open {image}
lets see this S/R and 30m TC and 5m Entry, can bounce or not
i still think one more push up
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Training.
Quoting Inthebox
{quote} gold london open {image}
opportunity to BE for QM sell and see whether gold will drop to ssl.
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ITB - Seeing Orderliness amongst 'Randomness'
Last trade stop out sell.
ytd was long but not confident to hold.
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Training.
So far with this method
118/300 =0.393 grow.
woth 0.01-0.03 lot max.
better winrate is follow bigger tf frame ,
counter trend must patience wait for middle tf EG.
i went 30m tc without bigger tf eg ytd and stop out at sell .
Training.
Quoting GoldChartist
{quote} Thanks for your comment and valuable insight—I completely agree that sharing knowledge helps us all grow. I’d like to share that I currently have a trade open as well, and the results are promising: my initial entry of $20 has now grown to $440. I’m continuously monitoring the market and adjusting my position as the waves develop. I’d be happy to provide a more detailed breakdown of the trade once I have more information prepared. I really value our two-way dialogue, as it not only improves our systems but also deepens our understanding....

Interesting to see someone holding a buy position on gold for long term. Are you not worried that the negative swap fees will eat up your profits?
SGD/JPY winning trade, sorry forgot to post before I entered. Entering during US open is definitely increasing my success rate!
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  • #6,613
  • Quote
  • Edited Feb 5, 2025 4:20am Feb 4, 2025 10:55pm | Edited Feb 5, 2025 4:20am
SEK/NZD short entry last night during US open. In profit currently but a bit sluggish, ill see how it goes. Potentially exit during Asian or UK session if it stalls.

UPDATE: exited this trade at a small profit as it was going nowhere.
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Gu
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Training.
Quoting inthebox
{quote} opportunity to be for qm sell and see whether gold will drop to ssl. {image}

my xau analysis

1. I feel after doing my analysis from htf

1.1 - my levels i mark miight be too far from cmp (need to focus more cmp
1.2 - price is so far from htf structure...
1.3 - also realised if price move from base to base and i wanna look for daily entries i should just mark h4 levels and below since price just move from base to base.
1.4 - still need to finish studying only at pg 16
1.5 not clear what is dm, bull bear bear bull candle and bear bull bull bear pattern... But i see them alot and can only guess its a double fail engulf to engulf *immediately*
1.6 dm only heard about it but looks to me its a base / eg inside
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Quoting Qom18
{quote} 1.5 not clear what is dm, bull bear bear bull candle and bear bull bull bear pattern... But i see them alot and can only guess its a double fail engulf to engulf *immediately* 1.6 dm only heard about it but looks to me its a base / eg inside {image} {image} {image} {image} {image} {image} {image}
dm is double marubuzo.
2 candles side by side with 1 candle wick up and 1 candle wick down.
switching to a lower time frame, one can see engulfing.
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ITB - Seeing Orderliness amongst 'Randomness'
i see i see, so without naming it DM its also just a EG if wanna simplify the thought process or would a DM EG be more impt than a normal EG

also realised u boxed the lower wick only because eg is there.

i have much much to learn... also added my analysis and need to continue my homework on your thread. maybe the questions i have are already in your thread so you wont need to repeat XD

i dont have trades yet because i feel i need to fully understand the/my rules first if not i feel im gambling and ill never learn to do this emotionlessly...
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Quoting Inthebox
{quote} dm is double marubuzo. 2 candles side by side with 1 candle wick up and 1 candle wick down. switching to a lower time frame, one can see engulfing. {image}
What most people see ? Breakout pullback. Resistance became support.
Small minority see it as double marubuzo.

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ITB - Seeing Orderliness amongst 'Randomness'
Failed.
stop out.
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Training.
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