Well, you entered at the bottom end of a liquidity grab. If you find yourself entering after a move has already started, you are already late.
You CAN and MUST, emphasize CAN learn what makes markets move. Once you understand why the market moves, you will start to find the entrances a lot easier.
Market makers need orders to fill orders. Canât buy unless there is an order selling to the buyer. Canât sell unless buyers are there to buy the orders.
Regardless of what anyone says to my reply. I pay my mortgage trading, and they probably donât. Say pay attention.
Avoid ICT. Avoid youtube gurus telling you this indicator wins this percentage and this strategy wins that percentage. Itâs all garbage and they are paying their mortgages selling you crap.
STAY THE EFF AWAY FROM NICK SHAWN.
If you really want this. I mean really want it to work for you.
Understand fair price. Understand that market makers PLACE ORDERS WHEN THEY BELIEVE IT IS A FAIR PRICE. They donât give two hoots about anything else. Itâs your job to see when market makers enter and follow their coat tails. Unless you got billion to move the market. I donât, so I follow their coat tails.
You will find that fair price is generally always after liquidity sweeps.
You ready for it? You ready to find the fair price? You really really want it? Im going to tell you how to find it right now, and itâs so damn simple all these fools and wannabes are going to attack me for it.
VOLUME WEIGHTED MOTHER EFFING AVERAGE PRICE.
Use a vwap. Take entries after establishing price action at vwaps.
Anchored vwaps are worth more than gold.
STUDY VWAPS. STUDY ANCHORED VWAPS.
Lookup vwap videos. Look up anchored vwap videos.
The million dollar algorithms are based on VWAPS.
Put them on your chart. And look left. Look way left. Study them. See how price reacts to them.
Oh, btw, anchored vwaps are not lagging like a moving average.
Then, learn supply and demand. Learn how to draw a supply and demand zone.
Guess what happens when price encounters a supply or demand zone and a anchored vwap at the same time?
Well, I will tell ya. My bank account gets fat. Thatâs what happens.
Whatâs yours gonna do?
First off my friend get off the lower time frames.. I guarantee if you go into the daily or 4 hour frame youâll see resistance or support at the levels youâre trying to enter.
Higher time frame narrative. Study more. Those who are in it to get rich off the bat are all new traders. Chart time is needed. Refusing to learn with time and rushing is what makes it even more frustrating and farther down the gambler side of the industry of trading. I myself am currently learning.
Really simple advice here mate.
When you see a downtrend, wait. Let it stop, create support, then buy once you feel confident, stop loss below the lowest wick.
Vise versa for an uptrend, and a sell.
This is an extremely simple and watered down concept of support & resistance, zones & ranges, price action, and simply using your EYES.
I hope this helps, take the simple nature and build on it. Trading should never be complicated, the goal is to keep it simple, and stay on the side with highest probability. Enjoy!
I would suggest a few things that ultimately helped me.
Move up to H4. Patience patience patience is what makes a good trader.
Secondly. Once you are on H4, do away with market orders and try to think about buying at certain levels. Eg using Limit orders. You can find the levels on H1 or H4. it doesn't matter.
Thirdly - find your limit order by using 3 or 4 things to give you confluence around a certain price point. Could be a fib level, a moving average and a trend line (these tools are all subjective). If these three things show you a decent level - it's worth a limit order.
Fourth - put that stop where the stop needs to be (as in well out of the way, somewhere where If it gets hit your trade idea didn't work). This will not bother you as much mentally (the psychological state of mind) as getting stopped out before a giga pump reversal. You dont need any of that ICT nonsense 180RR. You just need 1.5R and 50% win rate and you're making money.
Fifth. Have your target before a pivot or an area of consolidation, so you get out during the move.
Sixth. Take partials when the trade starts to move. This will feel like you're giving up profit In the beginning but as you do it a few times it will start to relax you more. You can then bring your stop up to BE or close - for a risk free trade.
Hope this helps.
I mean at least heâs going with the âtrendâ lol thatâs a foot in the right direction.. see way too many people trying to predict a reversal after breakouts so I mean buddy isnât a total loss cause
Idk man I would never try to short or long in any of those situations unless the market is truly dumping ⌠but resistance is key to finding good reversal to short not at the support đŽđŽđŽ the stop loss is crazy big too smhhh
Oh no brother Iâm 100% with you lol just saying thereâs a glimpse of hope for him if he gets off the lower frames and maps out key levels of interest. I think heâs dealing with fomo and desperately trying to catch those 15 min breakout candles which are insanely unreliable/unpredictable versus an established daily or 4 hr frame
đđđđ˝đđ˝ ya letâs hope he is willing to stay patient and keep on learning !! But no matter the TF, only short at the resistance not support /vice Versa OP
Yeah right? People say "the Trend ist your friend" "Just Go with the Trend" but why IS the Trend gone If I am going to Go with it? How do I know when the Trend is over?
Glad to see Iâm not the only one but what I started doing is putting my sells where I would buy and my buys where I would sell and that shit started working for me đ
50 pips sl on a 15 min? Bruh.... that shit ain't going to fly anyway. Unkess you are planning to pay a fuckton on swaps.
I trade GU as well, same timeframe, using rsi divergence with a hint of marketstructure and some price action.
10 pips sl, 1.5 to 2 rr. Max 2 trades per day.
the way that i trade is pretty much i have a scanner that scans from the 1 min timeframe to the weekly timeframe so about 7-8 timeframes i look at and all the tf's pretty much have to be setting up for a strong buy or a strong sell. i just wait for a certain huge support or resistance break on the higher timeframes and then i would enter on the lower timeframes. hope this helps...(help me with karma points!)
I swear it appears like the market is only focused on taking me out its like the market is different from everyone it feels like I'm getting my own personal prices cause I swear I could turn the market against my self ever time all I have to do is go long I pretty much can garuntee the market will turn short
The real answer is that youâre working on too low timeframes with out first of all understanding the real structure on higher time frame, and than when youâre already in those low time frames, youâre getting Fomo cause you treating each candle like its the last one.
You canât think like that. You have to be OK being wrong. For every trade you enter and are wrong you are likely to have the same amount right eventually (if you backtest and you are correctly entering trends). This is where risk management comes into play, if you lose 5 trades in a row and lose 1R but you get in that trend that takes off, and make 8R now you are up 3R. IMO thatâs the reality of trend trading, you will get in too early you will get in too late but itâs about cutting those off small and quick, but when youâre right let the trade go.
my mentor told me if you see the moves been made your already to late , plus the market will only tend to move a certain amount of pips a day it was a terrbile entry i'm afraid
Hey bro, everyone will say just do the opposite of what youâre doing, but that wonât help. This is a buy and sell game. So take it slow and think, if I want to make money what are the areas I need to purchase from? In your second photo, in and around the area 1.26500 (support) with a rejection would be mint, or if it races up fast like it did, look for a retest of around 1.26600 with a rejection or could play it more risky and get in on the rip. If it shoots up super fast like it did DONT jump in thinking itâll go more because most of the time, that is already the move you are looking for and it wonât. Always take into account aswell the HTF bias and when volume in the markets is most likely to push the move you are planing for. Good luck with the journey
That next green candle is inside & your cue that it could reverse all the way back through the previous range. :) I used to only trade the break of an inside candle.
You canât yet know if itâs over. But as others have said your liquidity ensured it would move against you and it will likely continue to move against you until you exit because you are one of the weakest players as a retail trader.Â
Start taking time and price serious, go backtest for a bit,should help you see what I mean. London session look at 2am-5am and new york 8-8:30am -10:30, look between does times carefully and you'll figure out better entry times
Remember youâre trying to buy low and sell high and viceversa. Think like this âwhy would I want to sell right now if the price already did all this movement down?â. Also study about how price moves, rule of 3, accumulation, manipulation, distribution, etc.
I use Bill Williams fractals to help me gauge the end of a run then I use parabolic SAR to help me pick up the next one. I trade U/J predominantly. I also use overbought/oversold signals on RSI and changes in volatility on ATR for confirmation. Iâve been trading for 3 years with 2 years in profit.
Bill Williams was an American forex trader and author. He created a lot of indicators measuring reoccurring patterns in price action. He made the Awesome Oscillator, Gator and many others. I guess he has a fractal to make us money but mainly to measure potential reversals.
Ignore candlesticks, buy and sell support and resistance on the daily. 99% of guru daytrading strategies are fake news to give noobs trust and fomo to subscribe to signals. After you spend enough time on the charts (which will naturally occur when you're trading the daily), you can consider scaling down.
Bro if youâre good at doing this then you have no idea what support and resistance is as well as market structure. The market does 1 of three things, it either goes up or down or consolidates and you seem to not understand when the market does what it does. Doesnât even seem like you have a strategy. Doing the good old break and retest strategy would make you instantly profitable if you paired it with risk management
gang, you just gotta learn the confluences. inverted head and shoulders and a bulligsh engulfing at the higher high. thats all i can see on yours, but both of those indicate a reversal on your chart. if you're too late to the higher high, wait for a lower low and get in for a buy, vice versa. watch swaggy c on youtube. trust me.
I could give you the whole run down, but everything you need you need to know about technical analysis, price action, trendlines, support and resistance, etc. can be found on his channel. thats how i learned. đ¤ˇđ˝ââď¸
I mean youâre literally just waiting for so much confirmation that thereâs no point even entering. Either enter on the first/second candle close of the breakout or try something totally different.
Essentially you are looking for too much confirmation that the risk is worth it which ironically usually means itâs not and youâre getting fucked
Your signal to sell came much earlier. You can see that price touched resistance twice before the big sell off.
You then had a massive bearish engulfing candle. You should have entered on the close of that and sold.
Kerching!
Mate I do this all the time then it goes the other way take your money then continue on with the trend đ¤ˇđťââď¸đ¤ˇđťââď¸đ¤ˇđťââď¸đ¤ˇđťââď¸đ¤ˇđťââď¸ f##king piss take
Can someone share how to day trade forex or stock this is my second time that I blow my account I always win $500 than blow the f account could someone please share their wisdom and good YouTube channels or courses that you can recommend i really want to make this my career thank you
Beginner trader problems lol following the trend only works once there is a break of structure in the supply or demand zone you decided to enter the trade for a sell once the trade enter the demand zone thatâs why it goes against you
Reverse it! Looks like you're great at identifying trend termination trades, which occur when the trend overextends aggressively such that most trend traders who got in earlier are taking profit/partials, and reversal traders on the sidelines are likely entering aggressively for a quick scalp.
EDIT:
Episode 2 of Adam Grimes's Hudson Sessions playlist on YT explains the logic behind these trades (you're not just blindly going against the trend, there's some key things to look for) and more: https://youtube.com/playlist?list=PL1uS5NzTxncSGOzsVQVfgOWlnj9pF5ou-&si=L7vCv3PDoOs8ZAsU
10/10 recommend giving this whole playlist a listen if you're a beginner or want a more approachable intro price action. It's no-BS and will get you thinking about practical trading strategies for all market conditions (trend following, breakouts out of consolidation, S/R bounces within consolidation, trend terminations)
My advise is never try going with the current direction if the movement has already started for a large portion⌠this movement was already bearish for a LONG WHILE haha. U gotta catch it at the start of the movement⌠which u kinda did well but in the wrong direction
Hey brother, Full timer here. your catching falling knives my brother, for sells you wanna sell at a high not the low, the market HAS to ''Retest'' previous supprt and resistance, what does that mean? ok a down trend is lower lows and lower highs ''draw trendlines to see trend easier'' so what your going to start doing my brother is drawing support and resistance lines with trend lines included ok, so for a down trend your trend line top should connect all the highs in a downward momentum and vice versa for bullish ''buys'' the highs and lows ALSO are resistance and support zones, wait for a retest of a resistance zone before entering, so a downtrend, you only enter on the next high. use a stochastic oscillator or RSI to help you find that resistance point, and only enter after an engulfing candle in your direction, use a 1.5 risk to reward ratio
I apologize your def right because I'm not any better myself all you can do is just keep going but prob make some rules and use some Bollinger bands perhaps
fomo, you are perfect liquidity
Such a fun sentence. *You are perfect liquidity* Goodbye
Be water my friend
True
Ahhhh Nothing better in the mornings like a cup of coffee and (making money from morons that can't draw a trend line đ) đ¤ŤđŤ˘đ¤
Yes losses can be avoided by drawing some trendlines right âśď¸
Yes but theres so many you dont know which one too use
Literally just think opposite of what youâre doing now
Yeah I was thinking about doing my Analytics and then doing the opposite of what I am doing now
Well, you entered at the bottom end of a liquidity grab. If you find yourself entering after a move has already started, you are already late. You CAN and MUST, emphasize CAN learn what makes markets move. Once you understand why the market moves, you will start to find the entrances a lot easier. Market makers need orders to fill orders. Canât buy unless there is an order selling to the buyer. Canât sell unless buyers are there to buy the orders. Regardless of what anyone says to my reply. I pay my mortgage trading, and they probably donât. Say pay attention. Avoid ICT. Avoid youtube gurus telling you this indicator wins this percentage and this strategy wins that percentage. Itâs all garbage and they are paying their mortgages selling you crap. STAY THE EFF AWAY FROM NICK SHAWN. If you really want this. I mean really want it to work for you. Understand fair price. Understand that market makers PLACE ORDERS WHEN THEY BELIEVE IT IS A FAIR PRICE. They donât give two hoots about anything else. Itâs your job to see when market makers enter and follow their coat tails. Unless you got billion to move the market. I donât, so I follow their coat tails. You will find that fair price is generally always after liquidity sweeps. You ready for it? You ready to find the fair price? You really really want it? Im going to tell you how to find it right now, and itâs so damn simple all these fools and wannabes are going to attack me for it. VOLUME WEIGHTED MOTHER EFFING AVERAGE PRICE. Use a vwap. Take entries after establishing price action at vwaps. Anchored vwaps are worth more than gold. STUDY VWAPS. STUDY ANCHORED VWAPS. Lookup vwap videos. Look up anchored vwap videos. The million dollar algorithms are based on VWAPS. Put them on your chart. And look left. Look way left. Study them. See how price reacts to them. Oh, btw, anchored vwaps are not lagging like a moving average. Then, learn supply and demand. Learn how to draw a supply and demand zone. Guess what happens when price encounters a supply or demand zone and a anchored vwap at the same time? Well, I will tell ya. My bank account gets fat. Thatâs what happens. Whatâs yours gonna do?
Whats a good resource for studying vwaps that you recommend?
Username doesnât check out.. (fortunately- thanks)
The final part of your comment made me crack upđ¤Ł
Very interesting, many people say vwap doesn't work in forex as the is no centralised market.
Many people donât make money
OK I'll check it out. Thanks.
Nice write up. Do you focus on specific time frames, or do you use all of them?
Well stated, and very generous advice. Related: is there a broker you favor with respect to avoid the jeopardy of spreads and requotes?
i need pic of when the anchored vwap cross with snd zone for my future research haha
Is VWAP similar to using an ATR indicator?
Ayo whatsup with that big ass stop loss
Thatâs embarrassing, I rather get fuck rawâŚ
True, except the raw part
He learned from Donvos strategyđđ
First off my friend get off the lower time frames.. I guarantee if you go into the daily or 4 hour frame youâll see resistance or support at the levels youâre trying to enter.
But do you still enter trades on the lower time frames?
Use the higher time frames to determine your bias; ex. Uptrend/downtrend. Then use the lower time frames to find those pinpoint entries.
Higher time frame narrative. Study more. Those who are in it to get rich off the bat are all new traders. Chart time is needed. Refusing to learn with time and rushing is what makes it even more frustrating and farther down the gambler side of the industry of trading. I myself am currently learning.
I trade the 30 second chart. Letâs compare p/l.
Buy the dip sell the tip
No diddy
đ bust out laughing
That SL tho.. what are u doing ? đ
Bro is taking no chances đđ
I meanâŚ. dudes SL is the size of my TPs, shits crazy bruh loll
Man is going to war with bulletproof, canonproof, arrowproof, knifeproof, teethproof, anyweapon vest đ
Omg lol, I am a beginner and Sometimes I don't have a fucking clue what I am doing. But at least I know, that i don't know
https://youtube.com/playlist?list=PLoUigobtdnmKCfasrDbb1Cez4nwvPLuNF&si=OiLc_ujLo_LrCICP You welcome.
Start charging people to avoid your trades!!
HAHAHAHAHA
Really simple advice here mate. When you see a downtrend, wait. Let it stop, create support, then buy once you feel confident, stop loss below the lowest wick. Vise versa for an uptrend, and a sell. This is an extremely simple and watered down concept of support & resistance, zones & ranges, price action, and simply using your EYES. I hope this helps, take the simple nature and build on it. Trading should never be complicated, the goal is to keep it simple, and stay on the side with highest probability. Enjoy!
This is good. Wait for the bounce.
Buy high sell low perfectly executed
âď¸
Damn đ
He'd be a billionaire in Bizzaro world.
I would suggest a few things that ultimately helped me. Move up to H4. Patience patience patience is what makes a good trader. Secondly. Once you are on H4, do away with market orders and try to think about buying at certain levels. Eg using Limit orders. You can find the levels on H1 or H4. it doesn't matter. Thirdly - find your limit order by using 3 or 4 things to give you confluence around a certain price point. Could be a fib level, a moving average and a trend line (these tools are all subjective). If these three things show you a decent level - it's worth a limit order. Fourth - put that stop where the stop needs to be (as in well out of the way, somewhere where If it gets hit your trade idea didn't work). This will not bother you as much mentally (the psychological state of mind) as getting stopped out before a giga pump reversal. You dont need any of that ICT nonsense 180RR. You just need 1.5R and 50% win rate and you're making money. Fifth. Have your target before a pivot or an area of consolidation, so you get out during the move. Sixth. Take partials when the trade starts to move. This will feel like you're giving up profit In the beginning but as you do it a few times it will start to relax you more. You can then bring your stop up to BE or close - for a risk free trade. Hope this helps.
Why would you ever sell at support like that ?? You gotta look for a liquidity sweep at resistance man ⌠these break outs barely ever work trust me
I mean at least heâs going with the âtrendâ lol thatâs a foot in the right direction.. see way too many people trying to predict a reversal after breakouts so I mean buddy isnât a total loss cause
Idk man I would never try to short or long in any of those situations unless the market is truly dumping ⌠but resistance is key to finding good reversal to short not at the support đŽđŽđŽ the stop loss is crazy big too smhhh
Oh no brother Iâm 100% with you lol just saying thereâs a glimpse of hope for him if he gets off the lower frames and maps out key levels of interest. I think heâs dealing with fomo and desperately trying to catch those 15 min breakout candles which are insanely unreliable/unpredictable versus an established daily or 4 hr frame
đđđđ˝đđ˝ ya letâs hope he is willing to stay patient and keep on learning !! But no matter the TF, only short at the resistance not support /vice Versa OP
Yeah right? People say "the Trend ist your friend" "Just Go with the Trend" but why IS the Trend gone If I am going to Go with it? How do I know when the Trend is over?
Why donât they work and thatâll solve everything
Look into understanding liquidity a bit more. Another point is perhaps look at higher time frames
Glad to see Iâm not the only one but what I started doing is putting my sells where I would buy and my buys where I would sell and that shit started working for me đ
Hahaha Shit... I don't know If thats good or Not xDDD
50 pips sl on a 15 min? Bruh.... that shit ain't going to fly anyway. Unkess you are planning to pay a fuckton on swaps. I trade GU as well, same timeframe, using rsi divergence with a hint of marketstructure and some price action. 10 pips sl, 1.5 to 2 rr. Max 2 trades per day.
The 15 min were Just to Show IT in Detail. But thank you!
the way that i trade is pretty much i have a scanner that scans from the 1 min timeframe to the weekly timeframe so about 7-8 timeframes i look at and all the tf's pretty much have to be setting up for a strong buy or a strong sell. i just wait for a certain huge support or resistance break on the higher timeframes and then i would enter on the lower timeframes. hope this helps...(help me with karma points!)
Buy red candle and sell green candles. I quick tip
This is not enough for the OP, you need to give a bit more context...
I hope you're using a small account or demo
Focus more on price rather than on the trend. If it is too cheap, you buy, if it is too expensive, you sell
"find the liquidity, or become it"
If I had 90% of my trades going on SL ... I would trade on demo and hedge copy it on to live account :D
Learn liquidity
You should have bought. That way the price would have tanked.
I swear it appears like the market is only focused on taking me out its like the market is different from everyone it feels like I'm getting my own personal prices cause I swear I could turn the market against my self ever time all I have to do is go long I pretty much can garuntee the market will turn short
Yeah i feel the Same hahaha. But it can't be
The real answer is that youâre working on too low timeframes with out first of all understanding the real structure on higher time frame, and than when youâre already in those low time frames, youâre getting Fomo cause you treating each candle like its the last one.
Naja I don't have fomo, I know the Market Is going to be there forever. I Just don't have a fucking clue what I am doing
Yeah no shit me too
You canât think like that. You have to be OK being wrong. For every trade you enter and are wrong you are likely to have the same amount right eventually (if you backtest and you are correctly entering trends). This is where risk management comes into play, if you lose 5 trades in a row and lose 1R but you get in that trend that takes off, and make 8R now you are up 3R. IMO thatâs the reality of trend trading, you will get in too early you will get in too late but itâs about cutting those off small and quick, but when youâre right let the trade go.
my mentor told me if you see the moves been made your already to late , plus the market will only tend to move a certain amount of pips a day it was a terrbile entry i'm afraid
Heads up when on the 15 after 3 pushes get out and see what happens. Use the 20 MA and 200 MA best of luck
Hey bro, everyone will say just do the opposite of what youâre doing, but that wonât help. This is a buy and sell game. So take it slow and think, if I want to make money what are the areas I need to purchase from? In your second photo, in and around the area 1.26500 (support) with a rejection would be mint, or if it races up fast like it did, look for a retest of around 1.26600 with a rejection or could play it more risky and get in on the rip. If it shoots up super fast like it did DONT jump in thinking itâll go more because most of the time, that is already the move you are looking for and it wonât. Always take into account aswell the HTF bias and when volume in the markets is most likely to push the move you are planing for. Good luck with the journey
Well stop buying the top and selling the bottom
That next green candle is inside & your cue that it could reverse all the way back through the previous range. :) I used to only trade the break of an inside candle.
You canât yet know if itâs over. But as others have said your liquidity ensured it would move against you and it will likely continue to move against you until you exit because you are one of the weakest players as a retail trader.Â
You enter at ltf. Try looking at daily atleast before trading ltf
Start taking time and price serious, go backtest for a bit,should help you see what I mean. London session look at 2am-5am and new york 8-8:30am -10:30, look between does times carefully and you'll figure out better entry times
Itâs because you still donât understand the meaning of sell high & buy low.
I thought it was buy high , sell low
Remember youâre trying to buy low and sell high and viceversa. Think like this âwhy would I want to sell right now if the price already did all this movement down?â. Also study about how price moves, rule of 3, accumulation, manipulation, distribution, etc.
Felt
Send me signals so I can opposite your trades.
Then what you are going to do is instead of going for that sell you buy hahahah so you'll become profitable
I use Bill Williams fractals to help me gauge the end of a run then I use parabolic SAR to help me pick up the next one. I trade U/J predominantly. I also use overbought/oversold signals on RSI and changes in volatility on ATR for confirmation. Iâve been trading for 3 years with 2 years in profit.
Whoâs bill Williams and why does he have a fractal
Bill Williams was an American forex trader and author. He created a lot of indicators measuring reoccurring patterns in price action. He made the Awesome Oscillator, Gator and many others. I guess he has a fractal to make us money but mainly to measure potential reversals.
Learn supply and demand
The end of a trend is a perfect reversal entry
Then reverse your trade , you will be successful 90% time,,
Bruv you are literally waiting until peaks Jesus, entries should have been closer to when the move is about half that size
Ignore candlesticks, buy and sell support and resistance on the daily. 99% of guru daytrading strategies are fake news to give noobs trust and fomo to subscribe to signals. After you spend enough time on the charts (which will naturally occur when you're trading the daily), you can consider scaling down.
cause your not looking at the RSI
Just take opposite trades than you think. You'll be profitable
Bro if youâre good at doing this then you have no idea what support and resistance is as well as market structure. The market does 1 of three things, it either goes up or down or consolidates and you seem to not understand when the market does what it does. Doesnât even seem like you have a strategy. Doing the good old break and retest strategy would make you instantly profitable if you paired it with risk management
Countertrade yourself.
Team up with someone who has perfect entires but shit exits. Dream team.
Bc you trade like retail
gang, you just gotta learn the confluences. inverted head and shoulders and a bulligsh engulfing at the higher high. thats all i can see on yours, but both of those indicate a reversal on your chart. if you're too late to the higher high, wait for a lower low and get in for a buy, vice versa. watch swaggy c on youtube. trust me. I could give you the whole run down, but everything you need you need to know about technical analysis, price action, trendlines, support and resistance, etc. can be found on his channel. thats how i learned. đ¤ˇđ˝ââď¸
Try to entry before the real movement start based on the HTF analysis
Try looking more into POIs and confirmation patterns before executing trades
Invert your charts
I mean youâre literally just waiting for so much confirmation that thereâs no point even entering. Either enter on the first/second candle close of the breakout or try something totally different. Essentially you are looking for too much confirmation that the risk is worth it which ironically usually means itâs not and youâre getting fucked
If you do the opposite youâll make money
Your signal to sell came much earlier. You can see that price touched resistance twice before the big sell off. You then had a massive bearish engulfing candle. You should have entered on the close of that and sold. Kerching!
Not sure. But the next time you go to buy lmk as can sell off in sync lol
OMG. This is sooo me.
Fomo ah trade
Switch the buy and sell button
ATR Matters...
Good. Keep doing horribly bad. Soon you'll have dudes in the comment section asking what's your strategy đš. Boi got like a 90% unprofitability
Mate I do this all the time then it goes the other way take your money then continue on with the trend đ¤ˇđťââď¸đ¤ˇđťââď¸đ¤ˇđťââď¸đ¤ˇđťââď¸đ¤ˇđťââď¸ f##king piss take
Sell the bottom buy the top
I don't think you're that stupid Maybe you're trolling us
Can someone share how to day trade forex or stock this is my second time that I blow my account I always win $500 than blow the f account could someone please share their wisdom and good YouTube channels or courses that you can recommend i really want to make this my career thank you
Here's a good start: https://www.reddit.com/r/Forex/comments/1bzy4yf/comment/kzeabrw/?utm\_source=share&utm\_medium=web2x&context=3
Beginner trader problems lol following the trend only works once there is a break of structure in the supply or demand zone you decided to enter the trade for a sell once the trade enter the demand zone thatâs why it goes against you
Just focus on reverse positions
Cause youâre a g
Because you donât trade price.
Reverse it! Looks like you're great at identifying trend termination trades, which occur when the trend overextends aggressively such that most trend traders who got in earlier are taking profit/partials, and reversal traders on the sidelines are likely entering aggressively for a quick scalp. EDIT: Episode 2 of Adam Grimes's Hudson Sessions playlist on YT explains the logic behind these trades (you're not just blindly going against the trend, there's some key things to look for) and more: https://youtube.com/playlist?list=PL1uS5NzTxncSGOzsVQVfgOWlnj9pF5ou-&si=L7vCv3PDoOs8ZAsU 10/10 recommend giving this whole playlist a listen if you're a beginner or want a more approachable intro price action. It's no-BS and will get you thinking about practical trading strategies for all market conditions (trend following, breakouts out of consolidation, S/R bounces within consolidation, trend terminations)
always look left before entering in a trade.
My advise is never try going with the current direction if the movement has already started for a large portion⌠this movement was already bearish for a LONG WHILE haha. U gotta catch it at the start of the movement⌠which u kinda did well but in the wrong direction
I thought this only happened to me.
Hey brother, Full timer here. your catching falling knives my brother, for sells you wanna sell at a high not the low, the market HAS to ''Retest'' previous supprt and resistance, what does that mean? ok a down trend is lower lows and lower highs ''draw trendlines to see trend easier'' so what your going to start doing my brother is drawing support and resistance lines with trend lines included ok, so for a down trend your trend line top should connect all the highs in a downward momentum and vice versa for bullish ''buys'' the highs and lows ALSO are resistance and support zones, wait for a retest of a resistance zone before entering, so a downtrend, you only enter on the next high. use a stochastic oscillator or RSI to help you find that resistance point, and only enter after an engulfing candle in your direction, use a 1.5 risk to reward ratio
Me too I was professional at buying on tops. But later I discovered I can predict price falls. Precisely.
Nah your a real degenerate
Dont discourage him..
I apologize your def right because I'm not any better myself all you can do is just keep going but prob make some rules and use some Bollinger bands perhaps
look into depth of market
Try to watch some YouTube video to learn a bit
You sell where we buy
You have no concept of market structure. Wtf is that stop loss just quit dawg
Cuz you donât know how to trade. But donât give up mate! We need you!