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MTF Engulf / Engulf fail

  • #6,601
  • Feb 3, 2025 8:23pm Feb 3, 2025 8:23pm
gold at premium.
careful on lot size.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,602
  • Feb 3, 2025 9:42pm Feb 3, 2025 9:42pm
Quoting Inthebox
closing gap? {image}
gap closed and dropped
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,603
  • Edited 10:31pm Feb 3, 2025 10:20pm | Edited 10:31pm
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'
  • #6,604
  • Feb 4, 2025 12:31am Feb 4, 2025 12:31am
The 1st day of FEB has thrown some difficult charts to trade.
Success = Practice + Patience + Persistence
  • #6,605
  • Feb 4, 2025 1:47am Feb 4, 2025 1:47am
Can this flip and up again?
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PA
  • #6,606
  • Feb 4, 2025 2:18am Feb 4, 2025 2:18am
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'
  • #6,607
  • Feb 4, 2025 2:50am Feb 4, 2025 2:50am
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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PA
  • #6,608
  • Feb 4, 2025 4:14am Feb 4, 2025 4:14am
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'
  • #6,609
  • Feb 4, 2025 7:31pm Feb 4, 2025 7:31pm
Last trade stop out sell.
ytd was long but not confident to hold.
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PA
  • #6,610
  • Feb 4, 2025 8:05pm Feb 4, 2025 8:05pm
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 .
PA
  • #6,611
  • Feb 4, 2025 8:52pm Feb 4, 2025 8:52pm
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?
  • #6,612
  • Feb 4, 2025 9:54pm Feb 4, 2025 9:54pm
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
  • Edited Feb 5, 2025 3:20am Feb 4, 2025 9:55pm | Edited Feb 5, 2025 3:20am
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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  • #6,614
  • Feb 5, 2025 3:17am Feb 5, 2025 3:17am
Gu
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PA
  • #6,615
  • Feb 5, 2025 9:40am Feb 5, 2025 9:40am
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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  • #6,616
  • Feb 5, 2025 8:33pm Feb 5, 2025 8:33pm
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'
  • #6,617
  • Feb 6, 2025 12:35am Feb 6, 2025 12:35am
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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  • #6,618
  • Feb 6, 2025 1:09am Feb 6, 2025 1:09am
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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I might be wrong , I have been wrong before
  • #6,619
  • Feb 6, 2025 2:19am Feb 6, 2025 2:19am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,620
  • Feb 6, 2025 2:37am Feb 6, 2025 2:37am
Failed.
stop out.
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PA
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