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MTF Engulf / Engulf fail

  • #6,881
  • Feb 25, 2025 1:28am Feb 25, 2025 1:28am
Quoting LeongPuiy
{quote} floating loss at buy not doing good recently {image}
one of the reasons is not trading at market open.
when london opened gold was around the day low at the key level of new york low.
even not at market open, if you are trading cost averaging with small lot size, then it should be alright by now.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,882
  • Edited 1:56am Feb 25, 2025 1:42am | Edited 1:56am
gold trailing stops and walk away.
one of the ways to handle greed and fear.
the main job is to avoid loss and capital preservation first and foremost
not with unrealistic eyes filled with hopeful profits all over the face.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,883
  • Feb 25, 2025 2:34am Feb 25, 2025 2:34am
first thing we do is to look to tp at the top.
situation now is LHLL at fib50.
we forgot about the ssl below.
always possible unless there's a breakout to the upside.
and now caught in a range.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,884
  • Feb 25, 2025 3:15am Feb 25, 2025 3:15am
Quoting Inthebox
first thing we do is to look to tp at the top. situation now is LHLL at fib50. we forgot about the ssl below. always possible unless there's a breakout to the upside. and now caught in a range. {image}
IMO, the northbound train won't leave without the US big boys. So, a revisit to the london low or SSL in the US session, has a higher probability.
Success = Practice + Patience + Persistence
  • #6,885
  • Feb 25, 2025 4:27am Feb 25, 2025 4:27am
Quoting fxpider
{quote} IMO, the northbound train won't leave without the US big boys. So, a revisit to the london low or SSL in the US session, has a higher probability.
What way we go and do we take SSL I don't know but you are right.
1 hour of action around London open and now activity is dead.
20 day relative volume under 100%

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I might be wrong , I have been wrong before
  • #6,886
  • Feb 25, 2025 4:33am Feb 25, 2025 4:33am
Quoting Mandariin
{quote} What way we go and do we take SSL I don't know but you are right. 1 hour of action around London open and now activity is dead. 20 day relative volume under 100% {image}
and 5 minutes later activity kick in
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I might be wrong , I have been wrong before
  • #6,887
  • Feb 25, 2025 5:43am Feb 25, 2025 5:43am
2 out of 2 winners today in Asian session which were opened last night in Us session. Entered 2 during UK session, one is not moving at the moment, one is in profit. See what happens.
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  • #6,888
  • Feb 25, 2025 6:29am Feb 25, 2025 6:29am
Quoting Inthebox
first thing we do is to look to tp at the top. situation now is LHLL at fib50. we forgot about the ssl below. always possible unless there's a breakout to the upside. and now caught in a range. {image}
just came back.
prudent that i aimed for the nearer ssl.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,889
  • Feb 25, 2025 6:40am Feb 25, 2025 6:40am
gold stalling
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,890
  • Feb 25, 2025 7:15am Feb 25, 2025 7:15am
gold nyse open sell
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,891
  • Feb 25, 2025 7:26am Feb 25, 2025 7:26am
gold stalling about time
after dropping about 500 pips from the ath.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,892
  • Feb 25, 2025 8:01am Feb 25, 2025 8:01am
Quoting Inthebox
gold stalling about time after dropping about 500 pips from the ath. {image}
nice
i get out BE on buy.
PA Return Today: 3.5%
  • #6,893
  • Edited 4:16pm Feb 25, 2025 3:58pm | Edited 4:16pm
trading can be as simple or complex as you want it to be.
knowing that a mini trend had started in the lower time frames?
higher high higher low. break and retest, break and retest.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,894
  • Feb 25, 2025 4:35pm Feb 25, 2025 4:35pm
Quoting Inthebox
gold stalling about time after dropping about 500 pips from the ath. {image}
bad entries but you have to find your own reasons for holding onto floating losses.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,895
  • Feb 25, 2025 5:14pm Feb 25, 2025 5:14pm
today's plan is to start accumulating after pullbacks.
towards new york high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,896
  • Feb 25, 2025 6:23pm Feb 25, 2025 6:23pm
gold has reached a day low.
you may want to monitor the reaction.
previously i had recommended using quasimodo as entry pattern.
70% of my trades entries are based on quasimodo.
https://www.forexfactory.com/thread/...8#post15156468
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,897
  • Feb 25, 2025 7:07pm Feb 25, 2025 7:07pm
Quoting Inthebox
today's plan is to start accumulating after pullbacks. towards new york high. {image}
your view short or long?
i little confuse
PA Return Today: 3.5%
  • #6,898
  • Edited 8:03pm Feb 25, 2025 7:48pm | Edited 8:03pm
@ITB sifu,
my view 4H S/R holding for currently for bear,
And your chart show 4h giving LH and LL,
short term seem bearish.
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PA Return Today: 3.5%
  • #6,899
  • Feb 25, 2025 8:36pm Feb 25, 2025 8:36pm
Quoting LeongPuiy
{quote} your view short or long? i little confuse
i had highlighted the new york high in my chart. it is above cmp.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,900
  • Feb 25, 2025 8:45pm Feb 25, 2025 8:45pm
Quoting LeongPuiy
@ITB sifu, my view 4H S/R holding for currently for bear, And your chart show 4h giving LH and LL, short term seem bearish. {image}
my comment
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ITB - Seeing Orderliness amongst 'Randomness'
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