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trading with conviction

  • #181
  • Jan 29, 2026 10:12am Jan 29, 2026 10:12am
GU

- retraced > engulf > set sell order
- usually we either missed trade or stopped out, very rare at the very level. but you still need to take risk to get the trade.
- and usually it gives you a pretty nice return and it is enough to cover the loss.
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  • #182
  • Jan 29, 2026 10:21am Jan 29, 2026 10:21am
JP

to follow up the chart
- price ran down and stopped, then retraced to created the FTB.
- it printed out a sell opportunity which was closed, it could also be considered as engulf.
- If it is considered as engulf, we are still looking the origin of the drop and we buy to the origin
- now the buy is in play, we will see if it works out.
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  • #183
  • Feb 2, 2026 8:26am Feb 2, 2026 8:26am
EU
- whenever engulf happened, prep for trade.
- with the engulf down, there would be several spots to sell. two sells set, one triggered, then one more added. SL always out side FL, even if it is wide, adjust later.
- eyes on target down in red box for now...
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  • #184
  • Feb 2, 2026 8:32am Feb 2, 2026 8:32am
GU
- engulfed and sell opportunity presented, FL to FL and let it run
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  • #185
  • Feb 2, 2026 8:39am Feb 2, 2026 8:39am
CH
- FL 1 engulfed up, this sell did not work out.
- it goes to FL 2. The odd for sell looks promising at this level. nobody knows how it might approach it, it might a break up, a sharp drop or a confirmed drop...
- will set a sell and SL
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  • #186
  • Feb 2, 2026 8:53am Feb 2, 2026 8:53am
AU
- missed buy... it was a sharp moving up, hard to gauge the turning level. If sell was set at the break of the FL, SL would have been too wide, makes no sense.
- now it goes up, in the lower time frame, there are some levels that might suggest sell opportunity
- but in the grand scheme things and considering the recent up move, the sell might be short lived and could be breached easily.
- might risk a tight SL and give a try
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  • #187
  • Feb 2, 2026 9:04am Feb 2, 2026 9:04am
JP
- the higher time frame suggests continuous drop, so this up move could be considered as retracing
- in this scenario, there would be some levels might turn the price which would present the sell opportunity
- for now, watch level one, again, no idea how it approaches the level, so risk SL and set sell first, make SL a little wider
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  • #188
  • Feb 3, 2026 9:38am Feb 3, 2026 9:38am
Quoting mvf
AU - missed buy... it was a sharp moving up, hard to gauge the turning level. If sell was set at the break of the FL, SL would have been too wide, makes no sense. - now it goes up, in the lower time frame, there are some levels that might suggest sell opportunity - but in the grand scheme things and considering the recent up move, the sell might be short lived and could be breached easily. - might risk a tight SL and give a try {image}
AU
to follow up
- move up to the last arrow and triggered sell, right now consider it as short lived
- looking at close sell and move up the buy
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  • #189
  • Feb 3, 2026 9:42am Feb 3, 2026 9:42am
Quoting mvf
EU - whenever engulf happened, prep for trade. - with the engulf down, there would be several spots to sell. two sells set, one triggered, then one more added. SL always out side FL, even if it is wide, adjust later. - eyes on target down in red box for now... {image}
EU

to follow up
- additional sell missed, reenter again at arrow
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  • #190
  • Feb 3, 2026 9:45am Feb 3, 2026 9:45am
Quoting mvf
GU - engulfed and sell opportunity presented, FL to FL and let it run {image}
GU

to follow up

sell triggered - did not print lower low.
- will let SL close it and see if breaking.
- if breaking, review.
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  • #191
  • Feb 9, 2026 12:54am Feb 9, 2026 12:54am
JP

no matter what happens in the news, just follows charts
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  • #192
  • Feb 9, 2026 12:59am Feb 9, 2026 12:59am
EU
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  • #193
  • Feb 9, 2026 9:29am Feb 9, 2026 9:29am
Quoting mvf
JP no matter what happens in the news, just follows charts {image}
JP
add on stopped out. even in 1min chart, too often can not get over the expectation management
- identified another add on
- identified target level
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  • #194
  • Feb 9, 2026 9:31am Feb 9, 2026 9:31am
Quoting mvf
EU {image}
EU
- first level broke
- watch upper level
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  • #195
  • Feb 9, 2026 9:34am Feb 9, 2026 9:34am
GP
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  • #196
  • Feb 9, 2026 9:40am Feb 9, 2026 9:40am
CH

in the zoomed in chart, it appears a legit engulf. it seems that every level could be tradable. But it failed too often, because it is still not yet reaching the target
another expectation issue.
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  • #197
  • Feb 9, 2026 9:47am Feb 9, 2026 9:47am
Quoting mvf
{quote} AU to follow up - move up to the last arrow and triggered sell, right now consider it as short lived - looking at close sell and move up the buy {image} {image}
AU
in zoomed in chart, we can see lots of trading opportunities, but never be carried way.
when looing at the zoomed out chart, you are still in trend.
one thing - it does not matter zoom in or zoom out, if reading the chart gives a clue to trade and you decide to trade, just do it. It could turn out to be a fail, let it stop out and let it run a break, this fail will be you next trade level and win level.
- not the break up is imminent, and once the break is printed out, this original sell level will become the buy level.
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  • #198
  • Feb 10, 2026 1:29pm Feb 10, 2026 1:29pm
Quoting mvf
CH in the zoomed in chart, it appears a legit engulf. it seems that every level could be tradable. But it failed too often, because it is still not yet reaching the target another expectation issue. {image} {image}
CH
now price comes down to the end of last swing and was pushed up.
- zoomed out chart is showing there is room to drop, so consider this move-up as retrace.
- first look out marked - for now
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  • #199
  • Feb 10, 2026 1:33pm Feb 10, 2026 1:33pm
JP

another sell in play
- as it broke down the initial Fl, it will do to the origin of this move up.
- so stay in trade and add on when there is a chance.
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  • #200
  • Feb 10, 2026 1:38pm Feb 10, 2026 1:38pm
Quoting mvf
GP {image}
GP
frustrating!!! it would have missed.
- how either risk SL to buy or wait for break to seek fresh chance. do not rush.
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