MTF Engulf / Engulf fail | Page 340 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Engulf Bar Trading Journal 19 replies

MPE - Momentum, Pullback, Engulf 33 replies

Trade management - moving stops to BE+ after opposing engulf 2 replies

Engulf Alert Indicator 1 reply

MTF Stochastics into MTF Stoch Histogram 8 replies

Attachments: MTF Engulf / Engulf fail
Exit Attachments

MTF Engulf / Engulf fail

  • #6,781
  • Feb 19, 2025 8:06pm Feb 19, 2025 8:06pm
Hi there , now have good square in my highlight 2932 is a BUY , AIM TP 160 PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 115 KB
  • #6,782
  • Feb 19, 2025 8:13pm Feb 19, 2025 8:13pm
Quoting MoneyX2plyr
Hi there , now have good square in my highlight 2932 is a BUY , AIM TP 160 PIPS {image}
that would be a quasimodo pattern
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,783
  • Feb 19, 2025 8:19pm Feb 19, 2025 8:19pm
Quoting Inthebox
{quote} that would be a quasimodo pattern
but i say normal already
  • #6,784
  • Feb 19, 2025 8:22pm Feb 19, 2025 8:22pm
Quoting MoneyX2plyr
{quote} but i say normal already
no understand your "normal"
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,785
  • Feb 19, 2025 8:28pm Feb 19, 2025 8:28pm
Quoting Inthebox
my reflection these 2 weeks and my conclusion. gold trading is merciless when it goes against you. it can be anything from 200 - 600 pips going the opposite way. the number one concern is capital preservation because without capital there won't be any trading. what will kill your account is 1. big lot size 2. trade frequency how i am going to handle them. 1. for every $1000 account, the maximum lot size will be 1/9 = 0.11 for the whole trading period. divide into 3 groups 0.11/3 = 0.03 for each group. i seldom go for one shot one kill. so to have...
i successfully throw my 118/300 profit all during this week.
Start over again.
if 500 max, what lot size you suggest?
PA Return Today: 6.0%
  • #6,786
  • Feb 19, 2025 8:40pm Feb 19, 2025 8:40pm
i would recommend every trader to know the quasimodo pattern.
do you know that it also belong to the engulfing family?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 312 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,787
  • Feb 19, 2025 8:50pm Feb 19, 2025 8:50pm
Quoting LeongPuiy
{quote} i successfully throw my 118/300 profit all during this week. Start over again. if 500 max, what lot size you suggest?
what do you mean by 118/300?

this is only applicable to volatile instruments like gold and stock indices.
for $500, it would be 0.16 maximum per whole session of the trades.
0.05 for each of the 3 groupings.
0.01 for each trade for each group.
remember group to next group has to be 120 - 150 pips apart if you some how do not use stop loss.
it would be more feasible to use $1000.
this would make you more aware of what is going on.
no more play play, no more hobby trading.

you may think that the lot size is small but we are talking about capital preservation and percentage return.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,788
  • Feb 19, 2025 9:02pm Feb 19, 2025 9:02pm
we have the new york midnight open.
it is infamous for going the opposite of the intended direction.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,789
  • Feb 19, 2025 9:20pm Feb 19, 2025 9:20pm
be aware that monday was the low of the week.
today is thursday.
when will be the high of the week?
i sure do not want to get caught at the high of the week.

do wait for next market open before deciding to trade.
this is what i would like to see.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,790
  • Feb 19, 2025 9:24pm Feb 19, 2025 9:24pm
Not confident enough to hold the trade when M5 is dropping, expecting to reach 1.5R
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2025-02-20_12-24-16.png Size: 70 KB
  • #6,791
  • Feb 19, 2025 9:30pm Feb 19, 2025 9:30pm
Quoting Inthebox
{quote} what do you mean by 118/300? this is only applicable to volatile instruments like gold and stock indices. for $500, it would be 0.16 maximum per whole session of the trades. 0.05 for each of the 3 groupings. 0.01 for each trade for each group. remember group to next group has to be 120 - 150 pips apart if you some how do not use stop loss. it would be more feasible to use $1000. this would make you more aware of what is going on. no more play play, no more hobby trading. you may think that the lot size is small but we are talking about capital...
i were playing 0.01-0.03 at 300 capital, i make $118 during cny, but after cny i gave back all profit now.

i guess i try group 0.03 for each group.
recently always get stop out then bounce or reverse.
After gained confident but now confident crash.
PA Return Today: 6.0%
  • #6,792
  • Feb 19, 2025 9:32pm Feb 19, 2025 9:32pm
Gold seem heading ytd high
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_2244.png Size: 58 KB
Click to Enlarge Name: IMG_2245.png Size: 54 KB
Click to Enlarge Name: IMG_2247.png Size: 56 KB
PA Return Today: 6.0%
  • #6,793
  • Feb 19, 2025 9:32pm Feb 19, 2025 9:32pm
Quoting LeongPuiy
{quote} i were playing 0.01-0.03 at 300 capital, i make $118 during cny, but after cny i gave back all profit now.
you have to aim for consistency for permanency not quick profit.
aiya. could have spend $118 for holday in Sabah.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,794
  • Feb 19, 2025 9:34pm Feb 19, 2025 9:34pm
Quoting LeongPuiy
Gold seem heading ytd high {image} {image} {image}
never buy near resistant.
you do not want to get caught at the high if price drops below asia low.
always think of defensive trading.
do not be too optimistic think about attack and attack, then defence left wide open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,795
  • Feb 19, 2025 9:45pm Feb 19, 2025 9:45pm
Quoting LeongPuiy
Gold seem heading ytd high {image} {image} {image}
there could be some tell tale sign that it has to gather more ammunition.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,796
  • Feb 19, 2025 11:00pm Feb 19, 2025 11:00pm
it came to me as a bit of surprise that ny mn open projected the price upward.
it could mean that today may be the high of the week.
the one long candle up may be an exhaustive one.
will have to look at london open.
if you long from the asia range discount, do it with half of your usual lot size.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,797
  • Feb 20, 2025 12:04am Feb 20, 2025 12:04am
In futures Gold made new ATH. And is in ATH territory.
Waiting for pullback, looking for long.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
I might be wrong , I have been wrong before
  • #6,798
  • Feb 20, 2025 12:50am Feb 20, 2025 12:50am
H4 Vs M30, Who will win?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
Success = Practice + Patience + Persistence
  • #6,799
  • Feb 20, 2025 1:43am Feb 20, 2025 1:43am
Quoting fxpider
H4 Vs M30, Who will win? {image}
go with the up trend
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,800
  • Feb 20, 2025 1:49am Feb 20, 2025 1:49am
gold ldn open with fake up move?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
9 traders viewing now