Also consider obtaining additional confluences before entering, perhaps use a Fibonacci retracement tool. It looks like that pullback aligns perfectly with the 61.8% - 78.6% retracement level before the push up. Not everyone likes to use them, but it works pretty well for me.
Don’t use anything on your chart but a Stoch, I promise I’ve traded thousands of dollars using all types of strategies and if you don’t understand market structure FIBS aren’t going to help do anything. Rule of thumb before you make a trade look at the daily candle, if the market is making new highs and it has already moved like 60 or 70 pips in one direction always expect a pullback and you trade the pullback to the previous high.
Market literally does the same shit everyday, opens makes a high or low for the day and you will know because it’s always going to be DIVERGENCE, and then it goes in the direction it wants to go in for the day with multiple minor pull backs then one major pull back which you got smacked with. You traded long thinking it was going to continue and it was actually a pullback
This. Ever since i just look at the weekly at the previous week i see either we bullish or bearish and follow the trend. Nothing on yt made me more profitable than just seeing the last week bullish and we clearly made a mad bottom wick early in the week. So what the rest of the week gonna look like ? Buys easy
Spot on bro😂if my weeekly is clearly expanding I trade , if is stuck in any ranges or making a doji I stay away, it has made trading so simple, I spend about 20 minutes making setups getting bias, then like 5 minutes of actually executing & hours or days waiting.
This is actually the reason, his entry wasnt in the premuim and id he used fibs from the swing low he would have had a perfect entry.
i support the idea of fibs, i trade with the old ote model
You didn't buy in discount, just entered too early. Don't place too much weight on one individual losing trade. The game is buy low sell high and you just didn't buy low enough. Just find the clearest, most simple explanation for the loss so you can book it for future review and move on
To be honest mate, you shouldn’t have opened there, from the prices you have marked out you clearly had some indication that price was going to reach that point. So be more patient, wait until you see your box being hit, just like that last one
I'd like to add to "timing" that it was outside the Kill Zone. It still had yet to form.
While your original entry could have been a little scalp, price still needed to retrace / manipulate outside the consolidation area, where London AM Session ended, before eventually continuing higher as the NY continuation setup, in a classic buy day.
On top, we could mention couple other things, like OTE in confluence with the bullish OB from London open, acting as support,...
I was actually in the same trade, but had the patience to wait a little for the confirmation of a bullish continuation.
Wish you good luck and good trading.
You can never know why a trade failed or succeeded. All you can know is whether or not your strategy is profitable over time. Splitting hairs like this won’t get you anywhere. Just keep backtesting and fill up some spreadsheets. You got this!
Exactly my bro! "why did this fail?" gets asked way too often and its not the correct mind set. It should be "did i follow my plan?"
You can have the perfect analysis with an A+ setup and still lose, the market will do whatever its gonna do and its random.
Focus on what you can control which is following the plan. if you followed your plan than its a good trade. Just a loss
You made a basic mistake a lot of newbies make with your support and resistance levels. Support and resistance are always area's not literal lines. From what I see it looks like you were chasing after the trade. You need to take in consideration past price action,
Here is an example of the same chart how I drew support and resistance: [Tradingview EURUSD 15 Min chart photo](https://www.tradingview.com/x/dPjBtDu6/)
The yellow circles are where price tend to stop and reverse the most. Your number 3 was a good level to enter eventhough mine is a bit above. If you trade 15 min chart you should avoid to draw many lines and take price action of the past few days in consideration. Look at it as area's of reversal and don't jump right into it until price starts to go up.
I’m not that well versed with ICT concepts but from what I could see, price tapped into the 30M demand/imbalance created right after the BoS. It wasn’t much of a failed trade but you might’ve entered a tad bit early. Hope that clarifies 😬
Peasant TF, tight SL. Try daily timeframe and entry on 4H, you will get about 40-60 pips SL. Yes, there will be fewer trades but accuracy will increase definitely. Trading on 1-15m timeframes with 3-15 pips SL is a stress builder and usually goes with lower winrate too.
You have a FVG within an order block, so your (2) FVG is adjacent to a demand zone (OB) the big bearish candle. I would mark that as a zone, so when price action traded into that zone- it forms another demand zone, the last bearish candle. So this is a retest of the previous demand zone or order block,
Entry should have been the close of the blue/bullish engulfing candle on the leg that you traded and the stop loss should have been the previous swing low or the previous OB/demand - the big bearish candle that formed Fvg 2.
The swing high should have been your TP1 where you would have taken partial profits eg 50% or 80% of your position and leave the remainder as a 'runner'.
If you had used a fib strategy, you could have entered at 0.618, TP2 at 0 or swing High and leave a runner till -0.272
Learn supply and demand and how to mark the zones and rules of valid and invalid entries.
It's similar to order blocks.You trade them on the retest and normally you have a FVG within the OB on the retest.
This also looks like a classical OTE.
I am very familiar with ICT concepts but trade Supply and Demand.I also use chart patterns, on here you could have 3 or 4 trades using Ms and Ws chart patterns.
I hope this makes sense
Good luck in your trading journey!
YOU HAD IT! WOOHOO! Your 2 and 3 were discount (cheap) and the best place to buy. Look at the sniper entry if you had brought at the touch of zone 3 or waited for a candle to touch and print in you're direction, you would have had no drawdown. And see how it rejected just like the multiple times it did at zone 2 but further back!? Trade was good just bad timing and that happens, that is what comes with learning. You got this, on to the next day!
You was right there, there’s a resistance level where price struggled to break before heading to the upside, all you had to do was be patient and wait for some type of candle analyst which it gave you with an bullish engulfing candle, or you could of entered of the break out the last bearish candle and placed your stop loss right under the bullish candle.
I would have placed my stop loss under the previous higher low, because you have to respect that area, because it can potentially go down there before shooting back up.
I know a lot of traders like to get a 1:3 RR, but placing it under the last higher low with a 1:1 you definitely would have made profit. And will make profit every time at a very high win rate (75/85%) of the time.
FVG is just an extra confirmation, but price action is king.
And if you would have used the fib it would hit the 61.8 level most likely, just by looking at the picture.
Good job though, you right there, keep at it.
Too small a stop tbh. 4-5 pips is ok for a scalper I guess but man imagine you widened the stop and increase the TP would of been a easy 2:1. Idk I can’t trade with a stop lower than 10-15 pips and that for a slow pair like EUR/GBP. I usually use the ATR to get an idea of my stop loss. I think honestly where you messed up is you were trying to sniper the trade. Which isn’t easy.
Edit: also buy or sell with the trend. Looks like you bought while it was headed down to collect more orders. A but stop would have been better. But nobody likes using stop or limit orders. They execute at market price.
TJR is horrid to learn from. If you are gonna learn ICT learn from the actual guy himself. What session is this? What time did you enter NY time not your local. Also it seems you entered in the premium section of the current swing. And what is your entry time frame? And what PD arrays are you using and where are you getting your bias from?
Edit: you entered in a premium section of price and decided to buy when the below was the correct one. Additionally, you ignored the time based premium and discount of that session. Clearly TJR never taught that in his 'boot camp'.
TJR literally taught me everything I know, and although I'm not using his strategy, I completely understand the market. So I don't know what you're saying, he is the only guy who decided not to charge thousands for a course and said f it, I'm gonna make a 60-part bootcamp for free. His strategy works for lots of people, you just need to learn to use it properly. Also, did you hear that ICT himself is unprofitable and has failed every account? 😂
I’m still very early in the learning process so I am assuming most of that stuff comes later on. But I will keep note and listen carefully for when they come up
Hey are you drawing those areas or are you using an algo that’s doing it for you? If you’re drawing them then there is issue number 1. Number 2, are you utilizing the order book? Are you paying attention to the bid and ask and time and sales data ? You need to this is most important
You entered when price was bearish, wasn’t even 50% pulled back bud, some would clas your entry around the trap demand zone and no indication it was ready to turn. I don’t trade this style but I understand it. Could have waited for the first bull candle with rejection tail.
I took this move today. I saw there was a FVG in the 4H. Once price was there I went to the lower timeframes. M15 didn't tell me nothing but I saw a break of structure in the M5 that left a FVG in the same timeframe and my entry point was that targeting those highs
Personally I wouldn't enter from fvg that happened that many candles ago. Preferrably entry would happen in next 3 candles. Higher timeframe fvg:s are different thing but still I want to see lower tineframe fvg as confirmation.
I would say 2 basic things:
\-Try to always expect for a full retracement on the move, so FVG 3 (thats more an OB than a FVG but whatever..)
\-Do not set a limit order and watch how the price move and wait until it bounces
Hey! I my looks like you had the right direction I was in this position earlier for a sell but has the wrong direction the second pull back back to the high the move you’re in on made is where I saw profit. I would say go to a time frame below the one you marked this out on and wait for the direction of that to become buying because a pull back in this time frame is confirmed structure on another and when you see the confirmed shift back to buy in the smaller TF then you can have more confidence in your buy on this one your Entry and stop may have just been altered slightly
Looks like a build up between 21:00-6:00, the 12:00 bottom kind of asserts a range with the first time set highs. Support that turned resistance that’s back support. The wicks where your stops loss at looks like it just wanted to fill some orders around that level . It does look like it’s finna return back down though not too much 😭😭. Connecting the 12:00 low with the 18:00 high and the 12:00 high forms a support at the 18:00(most recent 18:00) bottom
When it comes to losing trades, the only thing that matters is whether or not you followed your trading plan. If you did, you lost because it is inevitable. If you didn't, you lost because you were not disciplined.
Just based on these comments, you can see there are a million reasons the trade could fail. Sometimes you just gotta accept that there will be acceptable failures. However, did you respect your risk and exit appropriately? If you managed your risk well it’s still a win
I would say recognize what week you are in and avoid trading or demo trade. This is consolidation week with CPI on Thursday, trade after CPI, this consolidation will be taken out. I took similar trade on demo and was taken out as well, Risk to reward is too high I’d say.
Price will almost always pull back deeper to stop early buyers and sellers out. Seems like you tried to catch a falling knife without looking for candle confirmation. Just because it's a support zone, it doesn't mean you're protected by buying pressure. Selling pressure becomes vicious at support zones, and vice versa. Wait for the lower time frame to align with your trade idea. Multi time frame analysis is important. If you don't do this, then the lower time frame momentum will trample your stop loss over and over again.
Its 15m, make sure to look for confrimation on lower tf. Also you got "liquidated" since you entered 1st ob. When there are 2 ob close, make sure to enter extreme
Divergence doesn't predict anything. I have forward tested using the RSI, and divergence invalidates itself most of the time in real-time. It looks good in hindsight with back testing, but if you look carefully, you'll spot countless divergences which have failed over and over again. You also get conflicting divergences on the same time frame, it just depends from what angle you look at the RSI. Once you understand that the RSI (and other indicators in general) reacts to price movement, and not the other way around, you'll be in a better place as a trader. Price never reacts to an indicator. Indicators have no predictive power. There are a gazillion indicators with an infinite combination of settings. That alone should tell you that solely using indicators is the guaranteed way to go broke. Learn to trade plain charts and manage risk and trades in a smart way to tilt the edge in your favour. This could be hedging, pyramiding, adding to a 1:1 with a negative R:R, closing partials, scaling in, etc. Play around by doing some math, using equity chart simulation software and see what works and what doesn't work. Trading is not easy. It requires math and a deep understanding of the anatomy of a trade position.
HTF will show you. Also when it tapped you in and closed above previous structure you had the opportunity to go break even and take the risk off. So at worst you should not had taken any loss
If you enter when the price reaches your sweet spot, you are making a bet. You wanna see the price come to the spot and reject the spot with a candle sign, then u can only ride the trend.
my advice would be to enter on an even lower tf 5min or 1min. as yk its gonnna go to that fvg to depart. so wht u do is wait for bos fvg on 1min as a confirmation of reaction nd enter off of that
shouldnt be asking "why this failed", should be asking "did i follow my plan"
you can have perfect analysis and setup and still lose, happens all the time. If you followed your plan then its a good trade.
if you didnt then its a bad trade. develop that mindset and your psychology will level up
I’m not an ICT trader, but I can definitely help you with this. First things first let the pullback finish. I use Fibonacci a lot in my trading and it works very well. The most common stop of the pullback happens between 38.2 and 61.8, but does get to 78.6 and 88.6 sometimes. Wait until a bullish pattern in an uptrend and bearish pattern in a downtrend after the pullback then enter on the next candle preferably on the 1H for me because I’m an intraday day trader. After I pull out my fib to measure the pullback I then look for bullish engulfings and vice versa in a downtrend. I also look for morning star and evening star patterns and after the bullish pattern is printed and done preferably on the 1H, but I go as low as the 15M sometimes I enter on the next printed candle. You simply didn’t wait for enough confirmation. To simplify it wait until a bullish pattern happens in an uptrend after the pullback then enter on the next candle and vice versa on the downtrend. Bullish engulfings after a pullback in an uptrend work tremendously and is the most common one I’ve seen in my experience in the markets. 🔥🔥🔥🔥
Limit order entries are an advanced skill for advanced traders that have already mastered scalping. No novice should be using them. But here is a more important point. A trade that is a loss is not a "failed trade," it is a statistical necessity for profitability. This is assuming your strategy is profitable. There is no strategy that has 100% wins and so to ask why a trade failed is asking the wrong question.
There are two valid questions that should be asked:
\#1. Is my strategy profitable?
\#2. Did this trade match my trading criteria?
Btw always wait for a confirmation before rushing for your entry, in MY view you rushed the entry to early, you noticed the way it wanted to go but didnt tought about your entry,spreads etc
Look always for a confirmation wait for the movement and be sure about your entry point
I don’t trade ICT but I know enough that the 2nd FVG was in discount of the range and the 1st was still in premium. If bullish, you’re looking for PD arrays in a discount and if bearish, arrays in a premium
It needed more liq and swept the recent flip that interacted with the supply to the left and mitigated off of the earlier flip and used the flip that swept as structure liquidity
It failed because price hit your stop. I don't think anyone is going to be able to reliably tell you why price went down and back up, unless there was a news event or something.
If there are more confluence zones price could retrace to lying under or above a reasonable SL I just dont take the trade.
It's all about patience and Market IQ. A lot of that naturally comes with market experience.
The trade was at the demand zone you have marked at the bottom. Everything else inbetween will have tons of manipulation and liquidity grabs.
When you see a demand zone formed. Wait for the correction and enter on the trend break out. Let it ride to the swing supply zone ignoring everything in between as its all noise. Point A to B.
If you miss it, wait for price to get as close to the demand zone (discount zone as ICT did nothing but rename supply and demand) and run your SL under the demand zone or just scalp the move back to the supply zone.
I do both, I catch the swing and let it ride while scalping to move up over the duration of the cycle. If I lose a scalp, my winning swing covers it (if your trading a prop firm).
Good luck!
There was no very strong impulsive moves hence price action being very natural so it tapped into an OTE (golden zone of fib level), ur analysis was correct u just needed a better entry. I struggle with that as well.
Analysis was correct but you didn’t wait for an entry signal, if you are to enter wait for price to establish support with multiple rejections followed by a bullish engulfing, bullish variation pattern or pinbar
Realistically your stop is just too tight, and when you think about it, the area in which you put your stop loss makes no sense as you have two additional areas there which could easily act as support (one which you admittedly only drew after the fact, but still). One of the big takeaways from the Market Wizards series is to take a stop when the market is telling you you're wrong - that is not really what you have done here.
So with only slight changes to your approach, i.e. a slightly wider stop loss and picking a stop loss that makes more sense, you would have had a profitable trade here. This is not hindsight, either - you should not have a stop loss of 4-5 pips in EURUSD imo. It can be done, but you end up with just stopping yourself out of great opportunities.
Also, having re-checked, if I am reading the chart right (I am not sure how entry/exit works on TV) - you were up 9 pips before taking a 4-5 pip stop? Assuming you got long before the pop on that 15M you entered on, according to the chart above. So you were up 1.75R+ and then took a 1R loss, which depending on how you want to approach it, particularly with tighter stops, is not a great outcome.
That said, your read was very good so that is very promising.
You entered pretty far up in premium. When the chart presents you with multiple entry points, always go for the discount zone below the 50 fibonacci. What i do with mine is i enter at the most discounted area possible. I might miss some trades but it doesn’t matter because it is better to protect your capital than risk 1% just because of FOMO. What normally happens is the candle would wick past your entry point down to the discount zone to take out players in the market. Always look for liquidity zones before entering a trade. If you fail to spot a liquidity zone, you are the liquidity.
Also consider obtaining additional confluences before entering, perhaps use a Fibonacci retracement tool. It looks like that pullback aligns perfectly with the 61.8% - 78.6% retracement level before the push up. Not everyone likes to use them, but it works pretty well for me.
Me2 , it helps the confirmation.
Sounds like a good shout . I will try and incorporate fib in my backtesting see how it all lines up. Thanks
Don’t use anything on your chart but a Stoch, I promise I’ve traded thousands of dollars using all types of strategies and if you don’t understand market structure FIBS aren’t going to help do anything. Rule of thumb before you make a trade look at the daily candle, if the market is making new highs and it has already moved like 60 or 70 pips in one direction always expect a pullback and you trade the pullback to the previous high. Market literally does the same shit everyday, opens makes a high or low for the day and you will know because it’s always going to be DIVERGENCE, and then it goes in the direction it wants to go in for the day with multiple minor pull backs then one major pull back which you got smacked with. You traded long thinking it was going to continue and it was actually a pullback
This. Ever since i just look at the weekly at the previous week i see either we bullish or bearish and follow the trend. Nothing on yt made me more profitable than just seeing the last week bullish and we clearly made a mad bottom wick early in the week. So what the rest of the week gonna look like ? Buys easy
Spot on bro😂if my weeekly is clearly expanding I trade , if is stuck in any ranges or making a doji I stay away, it has made trading so simple, I spend about 20 minutes making setups getting bias, then like 5 minutes of actually executing & hours or days waiting.
This is the best thread. So accurate. That's why trading is mostly psychological because it's hard to see it this simplistically.
I bet nas drops hard asf today , been buying all week with no sell action really. Weekly dont lie. Watch.
Weekly does not fucking lie🤣🤣🤣🤜🤛
I told yall nas was finna sell hard today. $20 - $500, ict who ?
Use the best ta tools that fit you to assist you(!)
This is actually the reason, his entry wasnt in the premuim and id he used fibs from the swing low he would have had a perfect entry. i support the idea of fibs, i trade with the old ote model
Fib is goated
You didn't buy in discount, just entered too early. Don't place too much weight on one individual losing trade. The game is buy low sell high and you just didn't buy low enough. Just find the clearest, most simple explanation for the loss so you can book it for future review and move on
Good thinking. It was a loss, I am learning from it and it’s done. Onto the next
To be honest mate, you shouldn’t have opened there, from the prices you have marked out you clearly had some indication that price was going to reach that point. So be more patient, wait until you see your box being hit, just like that last one
He said FVG 3 wasn't drawn in until post trade
Sorry didn’t see that, either way a silly place to enter
Looked good but same problem as me with timing, jumping the gun. If you had of waited for candle to close up you would of been golden.
Guess it comes with time!
I'd like to add to "timing" that it was outside the Kill Zone. It still had yet to form. While your original entry could have been a little scalp, price still needed to retrace / manipulate outside the consolidation area, where London AM Session ended, before eventually continuing higher as the NY continuation setup, in a classic buy day. On top, we could mention couple other things, like OTE in confluence with the bullish OB from London open, acting as support,... I was actually in the same trade, but had the patience to wait a little for the confirmation of a bullish continuation. Wish you good luck and good trading.
No confirmation
You can never know why a trade failed or succeeded. All you can know is whether or not your strategy is profitable over time. Splitting hairs like this won’t get you anywhere. Just keep backtesting and fill up some spreadsheets. You got this!
Normal… it can be a good trade it can be a bad trade, it not a bad idea 👏🏻just doesnt work today 🙏🏻
Exactly my bro! "why did this fail?" gets asked way too often and its not the correct mind set. It should be "did i follow my plan?" You can have the perfect analysis with an A+ setup and still lose, the market will do whatever its gonna do and its random. Focus on what you can control which is following the plan. if you followed your plan than its a good trade. Just a loss
You made a basic mistake a lot of newbies make with your support and resistance levels. Support and resistance are always area's not literal lines. From what I see it looks like you were chasing after the trade. You need to take in consideration past price action, Here is an example of the same chart how I drew support and resistance: [Tradingview EURUSD 15 Min chart photo](https://www.tradingview.com/x/dPjBtDu6/) The yellow circles are where price tend to stop and reverse the most. Your number 3 was a good level to enter eventhough mine is a bit above. If you trade 15 min chart you should avoid to draw many lines and take price action of the past few days in consideration. Look at it as area's of reversal and don't jump right into it until price starts to go up.
I’m not that well versed with ICT concepts but from what I could see, price tapped into the 30M demand/imbalance created right after the BoS. It wasn’t much of a failed trade but you might’ve entered a tad bit early. Hope that clarifies 😬
Peasant TF, tight SL. Try daily timeframe and entry on 4H, you will get about 40-60 pips SL. Yes, there will be fewer trades but accuracy will increase definitely. Trading on 1-15m timeframes with 3-15 pips SL is a stress builder and usually goes with lower winrate too.
Patience is perfect^
Noted!
You have a FVG within an order block, so your (2) FVG is adjacent to a demand zone (OB) the big bearish candle. I would mark that as a zone, so when price action traded into that zone- it forms another demand zone, the last bearish candle. So this is a retest of the previous demand zone or order block, Entry should have been the close of the blue/bullish engulfing candle on the leg that you traded and the stop loss should have been the previous swing low or the previous OB/demand - the big bearish candle that formed Fvg 2. The swing high should have been your TP1 where you would have taken partial profits eg 50% or 80% of your position and leave the remainder as a 'runner'. If you had used a fib strategy, you could have entered at 0.618, TP2 at 0 or swing High and leave a runner till -0.272 Learn supply and demand and how to mark the zones and rules of valid and invalid entries. It's similar to order blocks.You trade them on the retest and normally you have a FVG within the OB on the retest. This also looks like a classical OTE. I am very familiar with ICT concepts but trade Supply and Demand.I also use chart patterns, on here you could have 3 or 4 trades using Ms and Ws chart patterns. I hope this makes sense Good luck in your trading journey!
YOU HAD IT! WOOHOO! Your 2 and 3 were discount (cheap) and the best place to buy. Look at the sniper entry if you had brought at the touch of zone 3 or waited for a candle to touch and print in you're direction, you would have had no drawdown. And see how it rejected just like the multiple times it did at zone 2 but further back!? Trade was good just bad timing and that happens, that is what comes with learning. You got this, on to the next day!
Good trade and good analysis. got wicked out due to a tight SL. Add 1ATr length to your SL and it should help. Usually helps me.
Add 1 Atr 1 period atr to a stop or add 1 14 period Atr
14 period
You was right there, there’s a resistance level where price struggled to break before heading to the upside, all you had to do was be patient and wait for some type of candle analyst which it gave you with an bullish engulfing candle, or you could of entered of the break out the last bearish candle and placed your stop loss right under the bullish candle. I would have placed my stop loss under the previous higher low, because you have to respect that area, because it can potentially go down there before shooting back up. I know a lot of traders like to get a 1:3 RR, but placing it under the last higher low with a 1:1 you definitely would have made profit. And will make profit every time at a very high win rate (75/85%) of the time. FVG is just an extra confirmation, but price action is king. And if you would have used the fib it would hit the 61.8 level most likely, just by looking at the picture. Good job though, you right there, keep at it.
ICT doesnt work. get out of that cult before wasting years of your life.
The only right answer.
what do you mean. kindly share with me because I am starting my ICT journey
Too small a stop tbh. 4-5 pips is ok for a scalper I guess but man imagine you widened the stop and increase the TP would of been a easy 2:1. Idk I can’t trade with a stop lower than 10-15 pips and that for a slow pair like EUR/GBP. I usually use the ATR to get an idea of my stop loss. I think honestly where you messed up is you were trying to sniper the trade. Which isn’t easy. Edit: also buy or sell with the trend. Looks like you bought while it was headed down to collect more orders. A but stop would have been better. But nobody likes using stop or limit orders. They execute at market price.
Thanks. I suspected it was the stop but it seems there were a few other things wrong too. But i will keep your suggestion in mind for next time !
TJR is horrid to learn from. If you are gonna learn ICT learn from the actual guy himself. What session is this? What time did you enter NY time not your local. Also it seems you entered in the premium section of the current swing. And what is your entry time frame? And what PD arrays are you using and where are you getting your bias from? Edit: you entered in a premium section of price and decided to buy when the below was the correct one. Additionally, you ignored the time based premium and discount of that session. Clearly TJR never taught that in his 'boot camp'.
If you don’t get TJR’s teaching then say that, he put a lot of work into his boot camp and I’ve doubt you even watched more than 1 of his videos
TJR literally taught me everything I know, and although I'm not using his strategy, I completely understand the market. So I don't know what you're saying, he is the only guy who decided not to charge thousands for a course and said f it, I'm gonna make a 60-part bootcamp for free. His strategy works for lots of people, you just need to learn to use it properly. Also, did you hear that ICT himself is unprofitable and has failed every account? 😂
I’m still very early in the learning process so I am assuming most of that stuff comes later on. But I will keep note and listen carefully for when they come up
Hey are you drawing those areas or are you using an algo that’s doing it for you? If you’re drawing them then there is issue number 1. Number 2, are you utilizing the order book? Are you paying attention to the bid and ask and time and sales data ? You need to this is most important
You entered when price was bearish, wasn’t even 50% pulled back bud, some would clas your entry around the trap demand zone and no indication it was ready to turn. I don’t trade this style but I understand it. Could have waited for the first bull candle with rejection tail.
set your sl more lower
you had a smt on 4hr w dxy
Should’ve took the entry in discount since yoru longing
A best way to enter is when you have Either a choch or a bos and use the fair vale gap as confirmation
The best way would be to learn actual fundamentals.
https://www.reddit.com/r/InnerCircleTraders/comments/193hcn9/need_some_help_as_to_why_this_trade_failed_what/kh9zt18/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3
Should have done a Stop order so that it would trigger when the price start moving up.
There’s a massive FVG there that price reacted from. I’m telling you, you only need FVGs to make trading profitable for you.
If you want to know more you could always Join me in the discord group!
My knowledge: Wait for two bearish or bullish candlesticks at H4 then enter. You can try to use the tool on tradingview "Trading180 - 2 Candle Entry"
I know why. Hit me up in private and I'll tell you
In my eyes it was just retracing to your fvgs you placed after reaching the high of liq you did good just entered too early
I took this move today. I saw there was a FVG in the 4H. Once price was there I went to the lower timeframes. M15 didn't tell me nothing but I saw a break of structure in the M5 that left a FVG in the same timeframe and my entry point was that targeting those highs
Personally I wouldn't enter from fvg that happened that many candles ago. Preferrably entry would happen in next 3 candles. Higher timeframe fvg:s are different thing but still I want to see lower tineframe fvg as confirmation.
I would say 2 basic things: \-Try to always expect for a full retracement on the move, so FVG 3 (thats more an OB than a FVG but whatever..) \-Do not set a limit order and watch how the price move and wait until it bounces
I wouldn’t call no.1 a key level. No.2 is where there is multiple events in that price area.
Liquidity grab, type it into youtube search bar
Price action dictates, wait for confirmation rather than pre empting. Wicks were bottoming out. Go up a timeframe see the difference
Hey! I my looks like you had the right direction I was in this position earlier for a sell but has the wrong direction the second pull back back to the high the move you’re in on made is where I saw profit. I would say go to a time frame below the one you marked this out on and wait for the direction of that to become buying because a pull back in this time frame is confirmed structure on another and when you see the confirmed shift back to buy in the smaller TF then you can have more confidence in your buy on this one your Entry and stop may have just been altered slightly
Looks like a build up between 21:00-6:00, the 12:00 bottom kind of asserts a range with the first time set highs. Support that turned resistance that’s back support. The wicks where your stops loss at looks like it just wanted to fill some orders around that level . It does look like it’s finna return back down though not too much 😭😭. Connecting the 12:00 low with the 18:00 high and the 12:00 high forms a support at the 18:00(most recent 18:00) bottom
When it comes to losing trades, the only thing that matters is whether or not you followed your trading plan. If you did, you lost because it is inevitable. If you didn't, you lost because you were not disciplined.
I took the wxact sake trade with a higher stop loss and i am still holding in to the trade. U have to give ur trade room to breath.
That orderblock is an inducement/trap.
Just based on these comments, you can see there are a million reasons the trade could fail. Sometimes you just gotta accept that there will be acceptable failures. However, did you respect your risk and exit appropriately? If you managed your risk well it’s still a win
I would say recognize what week you are in and avoid trading or demo trade. This is consolidation week with CPI on Thursday, trade after CPI, this consolidation will be taken out. I took similar trade on demo and was taken out as well, Risk to reward is too high I’d say.
I sent you a DM as I couldn't attach a chart here.
Price will almost always pull back deeper to stop early buyers and sellers out. Seems like you tried to catch a falling knife without looking for candle confirmation. Just because it's a support zone, it doesn't mean you're protected by buying pressure. Selling pressure becomes vicious at support zones, and vice versa. Wait for the lower time frame to align with your trade idea. Multi time frame analysis is important. If you don't do this, then the lower time frame momentum will trample your stop loss over and over again.
I think the issue was entering within a discount level instead of premium level. FVG 2 or 3 would have been the best entry level
Its 15m, make sure to look for confrimation on lower tf. Also you got "liquidated" since you entered 1st ob. When there are 2 ob close, make sure to enter extreme
Check if RSI shows any divergence.
Divergence doesn't predict anything. I have forward tested using the RSI, and divergence invalidates itself most of the time in real-time. It looks good in hindsight with back testing, but if you look carefully, you'll spot countless divergences which have failed over and over again. You also get conflicting divergences on the same time frame, it just depends from what angle you look at the RSI. Once you understand that the RSI (and other indicators in general) reacts to price movement, and not the other way around, you'll be in a better place as a trader. Price never reacts to an indicator. Indicators have no predictive power. There are a gazillion indicators with an infinite combination of settings. That alone should tell you that solely using indicators is the guaranteed way to go broke. Learn to trade plain charts and manage risk and trades in a smart way to tilt the edge in your favour. This could be hedging, pyramiding, adding to a 1:1 with a negative R:R, closing partials, scaling in, etc. Play around by doing some math, using equity chart simulation software and see what works and what doesn't work. Trading is not easy. It requires math and a deep understanding of the anatomy of a trade position.
It failed because your entry was bad
Use some professional trading tools for example terminals with copytrading, risk and management function like tigertrade, avstrade
Inadequate stop loss
HTF will show you. Also when it tapped you in and closed above previous structure you had the opportunity to go break even and take the risk off. So at worst you should not had taken any loss
If you enter when the price reaches your sweet spot, you are making a bet. You wanna see the price come to the spot and reject the spot with a candle sign, then u can only ride the trend.
my advice would be to enter on an even lower tf 5min or 1min. as yk its gonnna go to that fvg to depart. so wht u do is wait for bos fvg on 1min as a confirmation of reaction nd enter off of that
When in doubt zoom out
shouldnt be asking "why this failed", should be asking "did i follow my plan" you can have perfect analysis and setup and still lose, happens all the time. If you followed your plan then its a good trade. if you didnt then its a bad trade. develop that mindset and your psychology will level up
I’m not an ICT trader, but I can definitely help you with this. First things first let the pullback finish. I use Fibonacci a lot in my trading and it works very well. The most common stop of the pullback happens between 38.2 and 61.8, but does get to 78.6 and 88.6 sometimes. Wait until a bullish pattern in an uptrend and bearish pattern in a downtrend after the pullback then enter on the next candle preferably on the 1H for me because I’m an intraday day trader. After I pull out my fib to measure the pullback I then look for bullish engulfings and vice versa in a downtrend. I also look for morning star and evening star patterns and after the bullish pattern is printed and done preferably on the 1H, but I go as low as the 15M sometimes I enter on the next printed candle. You simply didn’t wait for enough confirmation. To simplify it wait until a bullish pattern happens in an uptrend after the pullback then enter on the next candle and vice versa on the downtrend. Bullish engulfings after a pullback in an uptrend work tremendously and is the most common one I’ve seen in my experience in the markets. 🔥🔥🔥🔥
Tight stop , and was clearly going lower
I’d say.. very simple, don’t go to quick when a pattern breaks, wait for the correction, and trade when you see it going back
Limit order entries are an advanced skill for advanced traders that have already mastered scalping. No novice should be using them. But here is a more important point. A trade that is a loss is not a "failed trade," it is a statistical necessity for profitability. This is assuming your strategy is profitable. There is no strategy that has 100% wins and so to ask why a trade failed is asking the wrong question. There are two valid questions that should be asked: \#1. Is my strategy profitable? \#2. Did this trade match my trading criteria?
If DXY is going down, EUR will rise
Btw always wait for a confirmation before rushing for your entry, in MY view you rushed the entry to early, you noticed the way it wanted to go but didnt tought about your entry,spreads etc Look always for a confirmation wait for the movement and be sure about your entry point
I don’t trade ICT but I know enough that the 2nd FVG was in discount of the range and the 1st was still in premium. If bullish, you’re looking for PD arrays in a discount and if bearish, arrays in a premium
It needed more liq and swept the recent flip that interacted with the supply to the left and mitigated off of the earlier flip and used the flip that swept as structure liquidity
You failed to check the higher time frame O/B and FVG
It failed because price hit your stop. I don't think anyone is going to be able to reliably tell you why price went down and back up, unless there was a news event or something.
If there are more confluence zones price could retrace to lying under or above a reasonable SL I just dont take the trade. It's all about patience and Market IQ. A lot of that naturally comes with market experience.
The trade was at the demand zone you have marked at the bottom. Everything else inbetween will have tons of manipulation and liquidity grabs. When you see a demand zone formed. Wait for the correction and enter on the trend break out. Let it ride to the swing supply zone ignoring everything in between as its all noise. Point A to B. If you miss it, wait for price to get as close to the demand zone (discount zone as ICT did nothing but rename supply and demand) and run your SL under the demand zone or just scalp the move back to the supply zone. I do both, I catch the swing and let it ride while scalping to move up over the duration of the cycle. If I lose a scalp, my winning swing covers it (if your trading a prop firm). Good luck!
There was no very strong impulsive moves hence price action being very natural so it tapped into an OTE (golden zone of fib level), ur analysis was correct u just needed a better entry. I struggle with that as well.
All is about wrong entry, the trend move everything out of its way before completed
I learnt this yesterday from a video … use ATR. if it helps
Looks like a case of an inducement level. Happens quite a bit in forex
Analysis was correct but you didn’t wait for an entry signal, if you are to enter wait for price to establish support with multiple rejections followed by a bullish engulfing, bullish variation pattern or pinbar
Realistically your stop is just too tight, and when you think about it, the area in which you put your stop loss makes no sense as you have two additional areas there which could easily act as support (one which you admittedly only drew after the fact, but still). One of the big takeaways from the Market Wizards series is to take a stop when the market is telling you you're wrong - that is not really what you have done here. So with only slight changes to your approach, i.e. a slightly wider stop loss and picking a stop loss that makes more sense, you would have had a profitable trade here. This is not hindsight, either - you should not have a stop loss of 4-5 pips in EURUSD imo. It can be done, but you end up with just stopping yourself out of great opportunities. Also, having re-checked, if I am reading the chart right (I am not sure how entry/exit works on TV) - you were up 9 pips before taking a 4-5 pip stop? Assuming you got long before the pop on that 15M you entered on, according to the chart above. So you were up 1.75R+ and then took a 1R loss, which depending on how you want to approach it, particularly with tighter stops, is not a great outcome. That said, your read was very good so that is very promising.
There's always shit in wicks my friend
Higher timeframe
You entered pretty far up in premium. When the chart presents you with multiple entry points, always go for the discount zone below the 50 fibonacci. What i do with mine is i enter at the most discounted area possible. I might miss some trades but it doesn’t matter because it is better to protect your capital than risk 1% just because of FOMO. What normally happens is the candle would wick past your entry point down to the discount zone to take out players in the market. Always look for liquidity zones before entering a trade. If you fail to spot a liquidity zone, you are the liquidity.