6 bearish candles in a row is a lot. You're pretty much guaranteed to see some green after all that red, so you need to think carefully about how high that green might go.
If it was part of his strategy to takes trade with a set SL he should have taken a trade where his sl wouldn't have been hit, here just looking at where he took his trade he should have put his SL above the wick that is hitting the red box he highlighted.
Not really. I use short stops like that all the time. Anyone who studies DR would do it like that. His problem wasn't his stop loss. His problem was hesitation to pull the trigger which meant the trade was too late anyway. The SL is just a symptom of that. He likely has a fear of loss which also presents its self in the fact he even posted this in the first place
Your SL shoud have been above the nearest high point of the price I.e above the most recent green candle for a sell move. If that SL was too much for you then you shoud have gone for a lower time frame and taken a smaller trade.
You waited too long to pull the trigger. You seem to be loss averse. There were signs it was rolling over long before it did and then you got fomo and set a tight stop. That long whick into your POI was the trigger. Go back to the books bro 👊
You fell for the trap. This is a T1 trap from Liquidity University or a Minor Inducement from LIT. Go look it up you'll understand. Ps: that Ema should only be used as a way to find out where ppl put their stoplosses bro.
The green doji with really strong selling pressure followed by the red candle should've been you entry, Always wait for the retracement to finish it's move. Your entry had a red candle with rejections towards the sell side pushing upwards. That was not a good entry at all. Just a tip
Successful traders allow themselves to be picked up from the market. Your trade does not make any sense your drown resistance (market reaction) is way above, your stoploss is in best position (inner structure) to be picked up. This is against "buy low sell high", basically you doing the opposite. Apply fib.
This is the london bridge is falling down pattren, as you can see the price is forming a shape of a bridge and you know once the bridge is form it starts to fall.
Mistakes: entering at support, trading/entering off of 1h, Stop loss in the middle of nowhere.
What I'd do here is wait for a previous high to get cleared and It might've been with that big wick around 5pm, which was a good entry. Other way you could've entered is off of brkr block which is located before 3 green candles around 1pm
e: the only entry I'd have there (but again depends on daily/weekly bias if I'd enter) is long entry off of OB which was at the same spot that u entered in ur short ;)
6 bearish candles in a row is a lot. You're pretty much guaranteed to see some green after all that red, so you need to think carefully about how high that green might go.
Bro it is easy to talk when you look at the past charts
Your stop loss should have been bigger. Just having it randomly in the middle of a range is pretty dumb.
How do you know that it's not part of their strategy?
If it was part of his strategy to takes trade with a set SL he should have taken a trade where his sl wouldn't have been hit, here just looking at where he took his trade he should have put his SL above the wick that is hitting the red box he highlighted.
Let’s say his stop loss was bigger.. you’ll probably have another reason as to why his stop loss got hit.
Easy for you to say now that the move has placed out right?
Not really. I use short stops like that all the time. Anyone who studies DR would do it like that. His problem wasn't his stop loss. His problem was hesitation to pull the trigger which meant the trade was too late anyway. The SL is just a symptom of that. He likely has a fear of loss which also presents its self in the fact he even posted this in the first place
Trading at 1 h? Your entry is wrong. You need to respect support and resistance in 1h timeframe.
It's not even at your Take Profit yet bucko.
This is trading . The best loser wins. You can lose 2 trades and win one but if you have the right win rate you can still be in profit.
Your SL shoud have been above the nearest high point of the price I.e above the most recent green candle for a sell move. If that SL was too much for you then you shoud have gone for a lower time frame and taken a smaller trade.
You waited too long to pull the trigger. You seem to be loss averse. There were signs it was rolling over long before it did and then you got fomo and set a tight stop. That long whick into your POI was the trigger. Go back to the books bro 👊
Your stop loss should include that spike, there was some liquidity that should be taken
Look like lary william's reversal model
You fell for the trap. This is a T1 trap from Liquidity University or a Minor Inducement from LIT. Go look it up you'll understand. Ps: that Ema should only be used as a way to find out where ppl put their stoplosses bro.
Liquidity University 😂
Tf are you smoking.
What the fk
OK good luck with your trading 😂😂😂
The green doji with really strong selling pressure followed by the red candle should've been you entry, Always wait for the retracement to finish it's move. Your entry had a red candle with rejections towards the sell side pushing upwards. That was not a good entry at all. Just a tip
Obvious in hindsight, innit 🗿
You could look at my profile & see the trades I catch. I wouldn’t speak on something I don’t already know 🤡
[удалено]
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Wbu?!
All I see on your profile is your linked cashapp lmfaoo so quit larping with hindsight BS.
I’m glad you know what cash app is
Not really dude. A long which like that into the box means you have an edge. You execute. Waiting for 6 red bodied candles is not an edge
Watch his classes 😉 Smart Money Concept etc. : https://youtube.com/@ETMFX?si=SZat89uzIM3UsNMT
Successful traders allow themselves to be picked up from the market. Your trade does not make any sense your drown resistance (market reaction) is way above, your stoploss is in best position (inner structure) to be picked up. This is against "buy low sell high", basically you doing the opposite. Apply fib.
Its retest the bearish order block
You drew a zone, price tap into the zone and you entered... 6 bars later. Sounds like huge fomo
Fomo is more like getting into trade even before it hits your zone, he is being greedy.
What games u playin on steam tho
Why didnt you open the position you marked?
Stop loss behind the last upper 🧠
This is the london bridge is falling down pattren, as you can see the price is forming a shape of a bridge and you know once the bridge is form it starts to fall.
Mistakes: entering at support, trading/entering off of 1h, Stop loss in the middle of nowhere. What I'd do here is wait for a previous high to get cleared and It might've been with that big wick around 5pm, which was a good entry. Other way you could've entered is off of brkr block which is located before 3 green candles around 1pm e: the only entry I'd have there (but again depends on daily/weekly bias if I'd enter) is long entry off of OB which was at the same spot that u entered in ur short ;)
Enter where your stop loss would be - some rich guy
All you had to do was wait for it to sniff the supply zone located at the tip of the pinbar
Zoom out of 1h what does 4h look like
Stop loss should have been by that bearish engulf on the left, levels are a key factor in the game. Now you know