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MTF Engulf / Engulf fail

  • #6,801
  • Feb 20, 2025 4:05am Feb 20, 2025 4:05am
Quoting Inthebox
gold ldn open with fake up move? {image}
or ATH from 12.02 comes support and up to new ATH we go ?
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I might be wrong , I have been wrong before
  • #6,802
  • Feb 20, 2025 4:21am Feb 20, 2025 4:21am
Quoting nguyenvu0123
Not confident enough to hold the trade when M5 is dropping, expecting to reach 1.5R {image}
Update: TP hit, +1.5R. Missed the London session due to work
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  • #6,803
  • Feb 20, 2025 5:05am Feb 20, 2025 5:05am
nothing unusual when it is at all time high, you see it all the time.
there will be a prolong fight on consolidation.
sit on your hands. if itchy put in just one shot.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,804
  • Feb 20, 2025 5:53am Feb 20, 2025 5:53am
Quoting Inthebox
gold ldn open with fake up move? {image}
all time high sell
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,805
  • Feb 20, 2025 6:26am Feb 20, 2025 6:26am
gold as previously mentioned watch the discount market
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,806
  • Feb 20, 2025 6:24pm Feb 20, 2025 6:24pm
gold could have 2 grouping for cost averaging
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,807
  • Feb 20, 2025 6:34pm Feb 20, 2025 6:34pm
Quoting Inthebox
{quote} go with the up trend {image}
gu was good for europe and new york sessions
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,808
  • Feb 20, 2025 6:45pm Feb 20, 2025 6:45pm
Quoting Inthebox
{quote} gu was good for europe and new york sessions {image}
I was in but got out quickly, going through some rough phases of psychology. Low in confidence and always fearful of pullback and floating loss.
Success = Practice + Patience + Persistence
  • #6,809
  • Feb 20, 2025 6:47pm Feb 20, 2025 6:47pm
Quoting fxpider
{quote} I was in but got out quickly, going through some rough phases of psychology. Low in confidence and always fearful of pullback and floating loss.
i went through the same phase as you in february.
you can start with this to bring back your confidence.
https://www.forexfactory.com/thread/...4#post15156384
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,810
  • Feb 20, 2025 7:05pm Feb 20, 2025 7:05pm
for those who trade eu.
the ny range and the bigger range.
same thing with gu.
be conscious of sessions high low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,811
  • Feb 20, 2025 7:14pm Feb 20, 2025 7:14pm
Quoting Inthebox
gold could have 2 grouping for cost averaging {image}
could take partial profits
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,812
  • Feb 20, 2025 7:52pm Feb 20, 2025 7:52pm
this is a good real live example.
traders are so focus of attacking to win that they did not guard the defence.
damage done in half an hour.
that is the purpose of taking partial profits and protect your trades.
and the truth is that traders still refuse to believe until too late.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,813
  • Feb 20, 2025 7:58pm Feb 20, 2025 7:58pm
And it just wiped out a week's worth of my profits
  • #6,814
  • Feb 20, 2025 8:00pm Feb 20, 2025 8:00pm
Quoting nguyenvu0123
And it just wiped out a week's worth of my profits
i am sure that there are many others than you.
it is a die hard lesson and take years to break the habit.
i don't think you need another one to learn.
hopefully the next time you will remember to take partial profits and protect your trades.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,815
  • Edited 8:29pm Feb 20, 2025 8:04pm | Edited 8:29pm
Yes, I will do that. Have a safe trading weekend! I should exit the market and start again next week.
  • #6,816
  • Edited 8:21pm Feb 20, 2025 8:09pm | Edited 8:21pm
but but but .................
what is happening? how come like that. market is so random.
this is what they like to do, they make it their business to shake off the weak ones.
https://www.forexfactory.com/thread/...8#post15156468
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,817
  • Feb 20, 2025 8:38pm Feb 20, 2025 8:38pm
Current gold range between this 4h S/R.
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PA Return This Week: 44.3%
  • #6,818
  • Feb 20, 2025 8:45pm Feb 20, 2025 8:45pm
Quoting LeongPuiy
Current gold range between this 4h S/R. {image}
gold is now above day open.
the resistant you have drawn will be the target and also the 3 wicks.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,819
  • Edited 12:25am Feb 21, 2025 12:06am | Edited 12:25am
Quoting Inthebox
{quote} gold is now above day open. the resistant you have drawn will be the target and also the 3 wicks.
it seem bear in control.
will this level hold ?
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PA Return This Week: 44.3%
  • #6,820
  • Feb 21, 2025 1:06am Feb 21, 2025 1:06am
Quoting LeongPuiy
{quote} it seem bear in control. will this level hold ? {image} {image} {image}
is bear really in control?
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ITB - Seeing Orderliness amongst 'Randomness'
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