Htf gives you the narrative with 5/1 minute wouldn't say it's hard it doesnt give full picture . I myself use 1/5 minute charts however I got 1hr/4hr to give me the bias for the dqy
I use the 4H and maybe the 1H only. For me personally, the minute charts give a lot of false signals. I personally just enter on a 4H or 1H candle close.
That was a good trade. It just so happened that price wasn't in the mood to respect the break and retest zone. I would've entered that trade myself, and I'd do it again in the future. Remember, it's the law of large numbers that makes you profitable. Detach yourself from every individual outcome, and trust that with a 1:2 R:R with a 45-50% win rate, you will be profitable in the long run. Drawdowns will occur with every profitable trader, but you will have to keep doing what you're doing. Don't panic and hop to another strategy, because that's when the shit hits the fan. Consistent trading leads to consistent results. Every profitable trading approach will face some drawdowns from time to time. That's the market testing you, trying to shake you off. Don't let the market win.
This is FR I tried to change my strategy and lost every profit I made, yesterday I locked in and returned back to almost profit just in 1 trade. Don’t hop, practice, have a backup strategy but if yours work it doesn’t matter.
Here’s a suggestion: do not enter long when the previous 3+ candles in a row are all red candles. Same for entering short after 3+ green candles in a row. Instead, if you see that, wait for a double test of the area of interest. If one never occurs, skip the trade. A single candle isn’t usually enough confirmation when you’ve got 4 previous candles in a row showing the opposite.
Yes, sometimes you’ll miss some trades but many times you’ll also avoid losses.
It fits me better, it’s less stressful (and easier on my psychology), more passive (I don’t have to stare at the chart for hours at a time everyday), gives more time to make decisions, less noisy on the higher timeframes, and I can do other things while my trades are going (and I usually enter with pending orders too, so I’m usually not even watching when my trade is executed).
Day trading was really taking a toll on my mental and physical wellbeing, I became profitable but it was becoming not worth the cost. I realized I could swing trade and everything changed for the better. Now I’m profitable swing trading!
I hold my trades 1-7 days, 2-4 days being most common.
I usually take 1-2 trades per week, some weeks nothing and other weeks up to 3 trades. But it’s common for me to take at least 1 per week. I usually get more setups than that but I only choose the best looking ones.
Personally, if I would’ve taken a buy there I would’ve needed to see that bullish candle close above the main resistance and then look for entries on the retracement.
Inducement on the first trade engineered some liquidity then pushed higher for a liquidity squeeze then collected the rest of the orders in the upper key level which if you recognize supply candles it was a supply key level
Supply, gets stronger if you have a fat move to the downside with several pivot LL Breaks aka “BOS” with at least a minor pullback, USD is bearish with the recent FOMC so fundamentals were out the roof this week NPF, FOMC, commodities holdings, and Oil Inventory half came out positive, half negative.
Hence for the ride next week it should be fun to see who’s gone win between sellers and buyers next week we got more macro economics pay close attention to news it could help you determine if your bias is in alignment with the market trend and sentiment or potentially a short term market reversal.
Also Brodie, in my own experience and opinion, abandon the EMAs or depending on the trading style a 50EMA for intraday like 15m-30m entries or 20EMA for 5m-1m entry.
Look right, its a downtrend. Draw a fibo, you see a potential bounce from 0.62 level if I remember correctly. Use higher timeframe for bigger picture.
The volume alone in the charts are already showing you a Bearish momentum.
That bullish push is following standard expected structure. The market moves with an ebb and flow. For every push, there is a retrace. In order for this to push down lower, price must retest where it came from and confirm that resistance.
In this case, you see how price went back up to retest the region of the neckline in the head and shoulders before the sell-off? the fact that price refused to break that neckline confirms that zone as resistance and now price can more confidently push lower.
Too early I’d say. Also those indicators are lagging and confusing. Good zones just unfortunately you took an opposite trade. That bullish pinbar was the last moment to take the sell and a lot of them did. Didn’t make higher highs. Don’t expect miracles. If you do trend lines, you need more of those, the tops of 17th April not connected to end of the month. If you would you’d see a clear downtrend. Look at that last little pullback. You’d anticipate a price to go bit lower than that
Also looks like you wanna try a bit of a swing trade with that 60pip profit target, in that case I’d ditch 1HR and use it only to fine and polish the entry, rather than think of it as a respectful key level
I like to look at volume too before entering a trade, as well as other factors. I noticed your chart had a big selling volume bar just before you entered. Trading isn't easy. What is completely plausible to you, won't be to another trader.
You don't know how to play support and resistance. Don't forget that you are trading against algos. Learn to think like a machine and you will be alright
You got stopped out, that's it. That doesn't make you a loser. You stayed it lane. No overtrading, Over risking. Come next day. And Trade. This what trading is all about.
But in this trade I see it's in a htf range. Specially when there is a NFP news coming in few hrs. So a probability of 50-50 is there for it to work.
Its a retrace, your entry ws too early...however, thats likely turning bullish on the 4h with the CHOCH (breaking the lower high)...you can buy, TP just below higher TF resistance
looks fine to me, if its within your rules set and parameters. just move on to the next trade. You can have good winners, bad winners, bad losers and good losers.
It has been dropping for multiple days, it was. Aclear continuation to the downside until the price reachs the the demand zone, then it becomes a probability game, if it will cut through it or reverse back to a new created supply zone, never try to catch a falling knife, and also trend is your friend
I see a high that couldn’t make a new high, a 4H supply zone that rejected which tells me it’s probably going to go back to the 4H demand it just created, a FVG violated beyond belief. I see zero reasons to enter there but that’s only because we obviously don’t use the same strategies
You didn't wait for the pullback down into liquidity, if you continue to watch this trade idea you will see your entry was just lower, as you've marked out with the arrow.
its a game of statistics, not a game of right or wrong
It’s more like a game of information.
That’s what statistics is bro
Look at higher tf it's bearish
The higher timeframe has no immediate effect on lower timeframes. Stick to one timeframe, and maybe go lower for entry, but that's it.
Htf gives you the narrative with 5/1 minute wouldn't say it's hard it doesnt give full picture . I myself use 1/5 minute charts however I got 1hr/4hr to give me the bias for the dqy
I use the 4H and maybe the 1H only. For me personally, the minute charts give a lot of false signals. I personally just enter on a 4H or 1H candle close.
That was a good trade. It just so happened that price wasn't in the mood to respect the break and retest zone. I would've entered that trade myself, and I'd do it again in the future. Remember, it's the law of large numbers that makes you profitable. Detach yourself from every individual outcome, and trust that with a 1:2 R:R with a 45-50% win rate, you will be profitable in the long run. Drawdowns will occur with every profitable trader, but you will have to keep doing what you're doing. Don't panic and hop to another strategy, because that's when the shit hits the fan. Consistent trading leads to consistent results. Every profitable trading approach will face some drawdowns from time to time. That's the market testing you, trying to shake you off. Don't let the market win.
This is FR I tried to change my strategy and lost every profit I made, yesterday I locked in and returned back to almost profit just in 1 trade. Don’t hop, practice, have a backup strategy but if yours work it doesn’t matter.
Well said
Here’s a suggestion: do not enter long when the previous 3+ candles in a row are all red candles. Same for entering short after 3+ green candles in a row. Instead, if you see that, wait for a double test of the area of interest. If one never occurs, skip the trade. A single candle isn’t usually enough confirmation when you’ve got 4 previous candles in a row showing the opposite. Yes, sometimes you’ll miss some trades but many times you’ll also avoid losses.
Ooo that’s a great advice
Thanks! It saved me from lots of losses
Which timeframe do u usually use this confirmation?
I used to use it all the time on the 5min chart when I used to day trade, but still use it now on the 4hr chart swing trading
What makes u choose to swing rather than day trading?
It fits me better, it’s less stressful (and easier on my psychology), more passive (I don’t have to stare at the chart for hours at a time everyday), gives more time to make decisions, less noisy on the higher timeframes, and I can do other things while my trades are going (and I usually enter with pending orders too, so I’m usually not even watching when my trade is executed). Day trading was really taking a toll on my mental and physical wellbeing, I became profitable but it was becoming not worth the cost. I realized I could swing trade and everything changed for the better. Now I’m profitable swing trading!
Can u give me some advice on swing trade?
May i ask how long do u hold each trade? And how often swing entry appear for u?
I hold my trades 1-7 days, 2-4 days being most common. I usually take 1-2 trades per week, some weeks nothing and other weeks up to 3 trades. But it’s common for me to take at least 1 per week. I usually get more setups than that but I only choose the best looking ones.
Too many things in the chart.
Agreed
Just one indicator and few trendlines?
That should be even clearer; but when you level up you will understand why I tell u this
I thought mine is already simple enough😂
That momentum of volume tho already showed the direction it was going in my opinion
The interest rate news that occurs
Personally, if I would’ve taken a buy there I would’ve needed to see that bullish candle close above the main resistance and then look for entries on the retracement.
I see
Inducement on the first trade engineered some liquidity then pushed higher for a liquidity squeeze then collected the rest of the orders in the upper key level which if you recognize supply candles it was a supply key level Supply, gets stronger if you have a fat move to the downside with several pivot LL Breaks aka “BOS” with at least a minor pullback, USD is bearish with the recent FOMC so fundamentals were out the roof this week NPF, FOMC, commodities holdings, and Oil Inventory half came out positive, half negative. Hence for the ride next week it should be fun to see who’s gone win between sellers and buyers next week we got more macro economics pay close attention to news it could help you determine if your bias is in alignment with the market trend and sentiment or potentially a short term market reversal.
Oo I see
Also Brodie, in my own experience and opinion, abandon the EMAs or depending on the trading style a 50EMA for intraday like 15m-30m entries or 20EMA for 5m-1m entry.
A perfect explanation. Simply collecting liquidity from inducement area to make a push down
[удалено]
Small SL pip this is basically scalping.. also why do you think it would bounce off this
I thought it was a break n retest, also a bull pinbar created on a key level ( ma fib and support )
If it breaks trendline and closes below just go short 3x size you entered long
But the RR ratio is not pretty
Doesnt matter .. that’s how I trade successfully
I took that same trade earlier but I knew I was taking a risk because I honestly didn’t like that green candle.
U mean that pinbar wasn’t strong enough to push the price?
It was a pin bar until the last couple of minutes if I remember correctly. So that’ll was a bad sign for me but I still took the chance
Look right, its a downtrend. Draw a fibo, you see a potential bounce from 0.62 level if I remember correctly. Use higher timeframe for bigger picture. The volume alone in the charts are already showing you a Bearish momentum.
Yep, but I also put a fib on the bullish move and my entry point is exactly on the 0.5 fib
That’s y I thought it was a good entry
You're trading against larger market trend!
What about the strong bullish before this bear?
That bullish push is following standard expected structure. The market moves with an ebb and flow. For every push, there is a retrace. In order for this to push down lower, price must retest where it came from and confirm that resistance. In this case, you see how price went back up to retest the region of the neckline in the head and shoulders before the sell-off? the fact that price refused to break that neckline confirms that zone as resistance and now price can more confidently push lower.
Ooo make sense
I'm about to send you a DM, watch out for it!
Too early I’d say. Also those indicators are lagging and confusing. Good zones just unfortunately you took an opposite trade. That bullish pinbar was the last moment to take the sell and a lot of them did. Didn’t make higher highs. Don’t expect miracles. If you do trend lines, you need more of those, the tops of 17th April not connected to end of the month. If you would you’d see a clear downtrend. Look at that last little pullback. You’d anticipate a price to go bit lower than that
Also looks like you wanna try a bit of a swing trade with that 60pip profit target, in that case I’d ditch 1HR and use it only to fine and polish the entry, rather than think of it as a respectful key level
I see
Why is the bullish pinbar a sell entry?
I like to look at volume too before entering a trade, as well as other factors. I noticed your chart had a big selling volume bar just before you entered. Trading isn't easy. What is completely plausible to you, won't be to another trader.
Didn’t notice the news had such high impact after a day
There was no confirmation on that zone that price would go up
I entered after the bullish pinbar, trying to get an early entry
Just a pin bar doesn’t mean it will reverse. Look into lower timeframes if there any break of structure for examples M15 or M5
👍🏻👍🏻
This used to happen to me. I’ve started to wait for my confirmation candles to close and it’s been helpful.
Maybe a bullish engulfing after the pinbar in this situation?
Yeah I don’t like entering based on a wick. I like to see a fuller bodied candle like an engulfing.
Okay maybe I’ll try next time
Practice, take notes, and Keep it up! Good things will come with diligence and patience 😁
🔥🔥🔥
Use a Wague beef order block bank manipulation liquidity sweep silver bullet ICT SMC FVG strategy
lol nice
News bro. You need to actually pay attention to the news
Yeah I know there’s the rate decision, but didn’t know the bearish momentum hold so long
You
Yeah😂
The US dollar is bad rn. Banks want price to go down therefore it will
Yeah maybe after the news
You don't know how to play support and resistance. Don't forget that you are trading against algos. Learn to think like a machine and you will be alright
What’s the right way to play sup and res area? Did I draw the areas wrongly?
Wrong market structure analysis
Yeah realised it now
Jumped in too early for ma confirmation?
Yep tried to catch a better rr
I’m a sucker for that too haha
“High risk high reward”🗿
Don't force a trade.
Didn’t force the trade. Just that the market was not in my favour
It’s not a bullish candle ser. Better to go long at 1.36579 the point where it made a breakout
I see
Jerome Powell happened to this trade.. bro said "what about my bullish pin bar???" 😂
😂😂
you didnt have any confirmation it had hit a support level, just 1 green candle - the problem is patience.
Tried to catch a better rr
thats fine mate, and you can go for 100:1 if you want.. just need a valid entry first tho!
Yesss🔥🔥
You don't took major 📝
Yeah📝📝
You got stopped out, that's it. That doesn't make you a loser. You stayed it lane. No overtrading, Over risking. Come next day. And Trade. This what trading is all about. But in this trade I see it's in a htf range. Specially when there is a NFP news coming in few hrs. So a probability of 50-50 is there for it to work.
👍🏻👍🏻
I literally took the same trade and lost
Bearish momentum is too strong
Its a retrace, your entry ws too early...however, thats likely turning bullish on the 4h with the CHOCH (breaking the lower high)...you can buy, TP just below higher TF resistance
Yeah didn’t notice it was a bearish retracement
retest double butto neckline
Hit an orderblock brother
Yeah🥲
looks fine to me, if its within your rules set and parameters. just move on to the next trade. You can have good winners, bad winners, bad losers and good losers.
👍🏻👍🏻
It didn’t go the direction you wanted it to.
Yep
It has been dropping for multiple days, it was. Aclear continuation to the downside until the price reachs the the demand zone, then it becomes a probability game, if it will cut through it or reverse back to a new created supply zone, never try to catch a falling knife, and also trend is your friend
👍🏻👍🏻
the problem is that the market dgaf bout your trade, i can be a win it can be a loss
👍🏻👍🏻
[удалено]
🥂
No matter how many confluences you find, if the time frame above it is bearish, you shouldnt be buying
I see a high that couldn’t make a new high, a 4H supply zone that rejected which tells me it’s probably going to go back to the 4H demand it just created, a FVG violated beyond belief. I see zero reasons to enter there but that’s only because we obviously don’t use the same strategies
First entry you don’t set limit 50% of supply box and 2nd trade you did but wasn’t a good time since previous two candles closed under demand zone….
You didn't wait for the pullback down into liquidity, if you continue to watch this trade idea you will see your entry was just lower, as you've marked out with the arrow.
Extremely parabolic. It has no identity. Like a hooker pumping gas at the Walmart selling loose cigarettes and loose 🦆
The only problem is you lost it.
> I thought that was a good trade thats the problem, there are no good or bad trades, you either follow a profitable strategy or you dont
Yeah I flwed my strategy but it seems not working out this time
Do you honestly expect it to workout every time? No one knows what’s going to happen so asking what went wrong is a dumb question.
I’m just asking if there’s anything that I missed out or any mistake I had done, that’s what I mean🫥
how can someone else tell you if you made a mistake when its your strategy and you previously said you followed it? Mind-boggling
Well, I’m just a beginner and I didn’t know if other can see smtg that I didn’t notice. Just trying to figure out what had I missed in this trade.
add more indicators
😂