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MTF Engulf / Engulf fail

  • #6,721
  • Feb 16, 2025 8:32am Feb 16, 2025 8:32am
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i got hit badly on friday.
i was overconfident at the blue zone and put in big lot size.
i think there is still a chance to go up monday or tuesday.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,722
  • Feb 16, 2025 8:34am Feb 16, 2025 8:34am
will see whether asia session range and price maintains above it.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,723
  • Feb 16, 2025 6:19pm Feb 16, 2025 6:19pm
gold pre asia
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,724
  • Feb 16, 2025 7:27pm Feb 16, 2025 7:27pm
Quoting Inthebox
{image} i got hit badly on friday. i was overconfident at the blue zone and put in big lot size. i think there is still a chance to go up monday or tuesday. {image}
At times, the most recent EG in HTF takes precedence over the historical EG of the same TF, while in other cases, the historical EG holds greater significance. This creates a dilemma for traders.
Success = Practice + Patience + Persistence
  • #6,725
  • Feb 16, 2025 7:47pm Feb 16, 2025 7:47pm
Quoting Inthebox
gold pre asia {image}
gold asia session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,726
  • Feb 16, 2025 9:34pm Feb 16, 2025 9:34pm
Yesterday I have a very clear writing set buy limit area , who catch up who make profit , for the now what i saw Gold actually it did't not follow the rules of chart pattern and DONT TRY TO DO WRONG DIRECTION , i can say Gold is 90 % follow what world happening , only 10% chart pattern direction.
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  • #6,727
  • Edited 10:11pm Feb 16, 2025 9:47pm | Edited 10:11pm
Quoting MoneyX2plyr
Yesterday I have a very clear writing set buy limit area , who catch up who make profit , for the now what i saw Gold actually it did't not follow the rules of chart pattern and DONT TRY TO DO WRONG DIRECTION , i can say Gold is 90 % follow what world happening , only 10% chart pattern direction. {image}
so according to the rules of this thread, it was an engulf buy set up of which i had bot accordingly as actually shown with chart entry 2 posts above.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,728
  • Edited Feb 17, 2025 12:10am Feb 16, 2025 10:13pm | Edited Feb 17, 2025 12:10am
My target.
will not target too far this time.


Edit: cut
30m and 1h EG tc at daily EG sell.
didnt not reach 4h closed price, hit at daily O/C price then drop.
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PA Return Today: 12.8%
  • #6,729
  • Feb 16, 2025 10:15pm Feb 16, 2025 10:15pm
Quoting LeongPuiy
My target. will not target too far this time. {image}
your lower time frames will signal you if it turns down around 50 fib of down move.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,730
  • Edited 2:43am Feb 17, 2025 2:09am | Edited 2:43am
Quoting LeongPuiy
My target. will not target too far this time. Edit: cut 30m and 1h EG tc at daily EG sell. didnt not reach 4h closed price, hit at daily O/C price then drop. {image} {image}
reason was in smaller time frame.
equal highs liquidity sweep.
were in profit for 80 pips.
no loss when put to BE plus.
multiple times repeated habits become ingrained and rooted are hard to die and get rid of.
maybe change and accept fixed 60 pips profit in future.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,731
  • Feb 17, 2025 2:54am Feb 17, 2025 2:54am
what's the logic?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,732
  • Feb 17, 2025 3:09am Feb 17, 2025 3:09am
Quoting Inthebox
what's the logic? {image}
logic and psychology are like oil and water.
Success = Practice + Patience + Persistence
  • #6,733
  • Feb 17, 2025 3:13am Feb 17, 2025 3:13am
Quoting fxpider
{quote} logic and psychology are like oil and water.
these 2 weeks had reinforced my idea of
logic = method
psychology = stop loss placement
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,734
  • Feb 17, 2025 6:27am Feb 17, 2025 6:27am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,735
  • Feb 17, 2025 6:57am Feb 17, 2025 6:57am
maybe coming down to sweep liquidity
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,736
  • Feb 17, 2025 9:58am Feb 17, 2025 9:58am
gold a long day with consolidation
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,737
  • Feb 17, 2025 7:41pm Feb 17, 2025 7:41pm
gold asia session ssl swept
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,738
  • Feb 17, 2025 8:48pm Feb 17, 2025 8:48pm
gold asia session buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,739
  • Edited 10:06pm Feb 17, 2025 9:48pm | Edited 10:06pm
my view.
trading is not an easy walk in the park.
one need to consider and differentiate whether he is a scalper/day trader or a swing trader.
all according to your personality and time available to trade.
however hardly any trader had consider this seriously.
is it the main reason why you are struggling?
a hybrid between the 2 may do more harm than good as one will get confused
and undecided and keep on switching between the two, unless one has much trading experience (average 7 years)
the h4 eg to eg is for the swing trader as it can take days to complete, not for the scalper/day trader.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,740
  • Feb 17, 2025 11:21pm Feb 17, 2025 11:21pm
The first winning trade of the week, I lost two trades on Monday. It seems like Monday is always an unlucky day for me.
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