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MTF Engulf / Engulf fail

  • #6,901
  • Feb 25, 2025 10:48pm Feb 25, 2025 10:48pm
Quoting Inthebox
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. {image} {image}
Hi, a push is coming because of space?
  • #6,902
  • Feb 25, 2025 10:55pm Feb 25, 2025 10:55pm
Quoting Inthebox
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 {image}
the formula is this:
1. market open
2. key level
3. entry pattern (qm, snr, engulf, fvg, ifvg, manipulation)

at the moment no market open and no qm entry set up for up direction.
we wait for london open and observe new york midnight open.
this is how one should be sitting on the FOMO. many errors are created by FOMO.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,903
  • Feb 25, 2025 11:06pm Feb 25, 2025 11:06pm
Quoting Inthebox
{quote} the formula is this: 1. market open 2. key level 3. entry pattern (qm, snr, engulf, fvg, ifvg, manipulation) at the moment no market open and no qm entry set up for up direction. we wait for london open and observe new york midnight open. this is how one should be sitting on the FOMO. many errors are created by FOMO. {image}
So, if the New York midnight opens with a bullish PA, will it indicate an accumulation for a bearish move later in the London session? and the same for a bearish mid-night open will lead to a bullish move in the London session?
Success = Practice + Patience + Persistence
  • #6,904
  • Feb 25, 2025 11:10pm Feb 25, 2025 11:10pm
Quoting fxpider
{quote} So, if the New York midnight opens with a bullish PA, will it indicate an accumulation for a bearish move later in the London session? and the same for a bearish mid-night open will lead to a bullish move in the London session?
generally yes.
take it as 70% face value.

it can also happen that london continues with new york mn manipulation for the main event in new york session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,905
  • Feb 25, 2025 11:26pm Feb 25, 2025 11:26pm
gold ny mn open m1 buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,906
  • Feb 25, 2025 11:40pm Feb 25, 2025 11:40pm
trailing stop hit
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,907
  • Feb 25, 2025 11:43pm Feb 25, 2025 11:43pm
Quoting Inthebox
{quote} i am glad that you have seen some light. 11% in a day. hmmnn..... may ok in small account and learning. but be aware this will form bad habits and will take years or decades to get rid of. it is too risky once you have account size of 10k or 100k. ultimately consistency in winning and risking lot size comfortably are the keys.
Thanks ITB most deffinately!

I was risking 2% on each trade and aiming for 3% profit.
  • #6,908
  • Feb 26, 2025 3:01am Feb 26, 2025 3:01am
What an irritating price action @London open for EU and GU.

I was up 2% in the first 30 minutes, and the next 30 minutes kicked me out with BE.
Success = Practice + Patience + Persistence
  • #6,909
  • Feb 26, 2025 3:52am Feb 26, 2025 3:52am
gold europe session
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,910
  • Feb 26, 2025 4:02am Feb 26, 2025 4:02am
gold development.
frankfurt slow move up HHHL.
will see whether support holds.
begins to range.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,911
  • Feb 26, 2025 5:02am Feb 26, 2025 5:02am
support holding atm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,912
  • Feb 26, 2025 5:09am Feb 26, 2025 5:09am
Quoting Inthebox
support holding atm {image}
Lets see if it works out.
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I might be wrong , I have been wrong before
  • #6,913
  • Feb 26, 2025 5:36am Feb 26, 2025 5:36am
Quoting Inthebox
support holding atm {image}
Should we ignore the fresh H4 EG sell?

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Success = Practice + Patience + Persistence
  • #6,914
  • Feb 26, 2025 5:48am Feb 26, 2025 5:48am
Quoting fxpider
{quote} Should we ignore the fresh H4 EG sell? {image}
no idea.
but if you have the target first in mind, then the story line is easier to explain as per chart.
targeting asia high first, then new york high.
one step at a time.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,915
  • Feb 26, 2025 5:59am Feb 26, 2025 5:59am
I closed my long, Gold has been dead for last 2 hours.
Relative volume max 60% for last 2 hours.
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I might be wrong , I have been wrong before
  • #6,916
  • Feb 26, 2025 6:43am Feb 26, 2025 6:43am
Suppose a 4h eg sell zone, if the price breaks it at the 1 min or 5 min timeframe and close above it at the 1 or 5 min timeframe, then is it a valid break of that 4h eg sell zone? or until 4h body close above the 4h eg sell zone, the 4h eg sell zone will remain valid for sell?
  • #6,917
  • Edited 7:05am Feb 26, 2025 6:53am | Edited 7:05am
Quoting Inthebox
gold development. frankfurt slow move up HHHL. will see whether support holds. begins to range. {image}
the ranging continues. less than 100 pips. small for gold.
i am curious why price took out london session low and not frankfurt low during new york session?
and all bouncing up from fib 62.
the coiling is in progress, ready for the spring. hopefully upward.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,918
  • Feb 26, 2025 7:06am Feb 26, 2025 7:06am
Quoting Inthebox
{quote} the ranging continues. less than 100 pips. small for gold. i am curious why price took out london session low and not frankfurt low during new york session? and all bouncing up from fib 62. the coiling is in progress, ready for the spring. {image}
And yesterday was very big range +600 pips. Does not happen often too.
I might be wrong , I have been wrong before
  • #6,919
  • Feb 26, 2025 8:24am Feb 26, 2025 8:24am
they swept the sell stops.
now to wait for nyse open
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,920
  • Feb 26, 2025 8:48am Feb 26, 2025 8:48am
Quoting Inthebox
they swept the sell stops. now to wait for nyse open {image}
Relative volume shows the same thing. Increased activity / volume / interest at that level
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I might be wrong , I have been wrong before
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