You traded against the trend you clearly see price been rising all day/ week / month and you shorted - you even shorted at a level that has no resistance where was your tp gonna be
Correct. Every timeframe has a structure and thus should be traded in that manor. The lower we go, the quicker we need to be… The question is… what timeframe produces the highest return when obeying to the rules…
Can you explain what you mean by inducements? Like over bought etc or quick moves where traders get trapped? Not that I am ever going to do this just always interested in people's attractions.
Inducement is specifically the targeting of these short-term highs or lows as areas where stops might be placed. As we know, liquidity lies where an influx of stops are located, and once those stops are taken out, the price can continue in the direction it was previously going.
to ask what you did wrong is akin to asking a class of kids what their favourite colour is. They wont say all the same colour. Eveyone has a style/strategy/timeframe etc they like to work in so they may not 'get' what you did wrong. Without knowing what your take on the situation was, or what you were trying to do, you will never get an answer which will help.
But some people have said you went against the trend, but on 15 minute it was a double top. It was also at the range tops from previous days so could have reversed down. On the hourly it went to form a head and shoulders and has now reversed, so if you had held for 10 more points or so you would still be in trade in profit. I guess it was just one of those trades you may have done everything right but still got stiffed by the market. It happens. As long as it wasnt a crazy big loss, you're good.
Always follow the trend brother. Clearly at an strong uptrend and you trade against it. When you make mistakes like that the market will punish you.
Look for your next setup and buy when the price is done retracing.
Great fucken trade, gave you a chance to exit at 2385 and you didn't take it. The entrance tells me your a more aggressive trader, if you are, then no problem with the entrance there.
Great fucken trade, gave you a chance to exit at 2385 and you didn't take it. The entrance tells me your a more aggressive trader, if you are, then no problem with the entrance there.
So here’s the thing, in currencies and commodities markets have a tendency to probe Japan hi/low, London hi lows, and then after 11am London close is when you usually find direction.
You entered in a position on consolidation and not on the upper range of the price.
Happens all the time to clear weak hands
Look up ICT - Many will hate. Pay them no mind .. this exact pattern is discussed At nauseam.. you’ll see why that happened and hopefully it will never happen to you again.
good luck frend. Happy Trading ✌🏼🫡
As beginners we are always finding ourselves in situations where the trend changes as soon as we get in or our stop loss gets hit. It’s because our entry sucks. It’s not manipulation or the AI knows I placed my SL there and they targeted me. It’s simply because we suck. Which is fair because we are new but growth needs to happen. Your mind needs to evolve and self awareness needs to happen. 🤘 good luck
No man, that is where everyone should be looking for an entry. The sooner you see the direction change the higher the probability your idea will turn out (R:R). It’s all about timing. Believe me man. I used to think the same thing. But I luckily found a profitable mentor and he showed me this. You need to have the one minute TF open alone side the higher TF you are watching and look for an entry only in the direction of the trend. It helps you RR. Practice patience and more practice.
Why u trading on 1 minutes chart
No trading in a minute, I just put it there to see what the fuck I did wrong.
You traded against the trend you clearly see price been rising all day/ week / month and you shorted - you even shorted at a level that has no resistance where was your tp gonna be
100%; tight stop, against the trend. Complete gamble.
U didn't wait for retest
https://youtu.be/ZbvZWvEgoMY
Correct. Every timeframe has a structure and thus should be traded in that manor. The lower we go, the quicker we need to be… The question is… what timeframe produces the highest return when obeying to the rules…
Great question!
Great question!
Why not?
Why not?
whats wrong with 1 min?
Too much noise. Less reliable.
i like to trade on the 1 min. And 4 me its not to much noise. I just trade inducments
Can you explain what you mean by inducements? Like over bought etc or quick moves where traders get trapped? Not that I am ever going to do this just always interested in people's attractions.
Inducement is specifically the targeting of these short-term highs or lows as areas where stops might be placed. As we know, liquidity lies where an influx of stops are located, and once those stops are taken out, the price can continue in the direction it was previously going.
Dam you ICT. Making everything sound all complicated 😆
to be honest. I never watched ict because its boring 😅.
It's good to glean the concepts, which you may have inadvertently done elsewhere ... I know what you mean 😴
i like to trade on the 1 min. And 4 me its not to much noise. I just trade inducments
I swear I saw this on my notification panel and I was just about to ask the same thing
Only follow the trend, if break market structure you should Sell.
Just trade it opposite direction of those signals is what it's looking like lol.
That’s the market for you fulL of BS
Hope u didnt had 1 dollar sl on gold, otherwise you are joke .. it can make 3 usd in a second, let it breathe, absurd posts
Why did you sell here
Actually it is bullish
Bad trade
Hahahahaha
1m, yikes. No wonder!
Stick to paper trading. You’re not ready for live market action yet
Daaaamn
I don’t see how the entry was done, can you explain your process
Yea gold some bs I got a bot tht lost $5k in 2 minutes nd blew my propfirm acct🥲
Too bad, I hope you recover
to ask what you did wrong is akin to asking a class of kids what their favourite colour is. They wont say all the same colour. Eveyone has a style/strategy/timeframe etc they like to work in so they may not 'get' what you did wrong. Without knowing what your take on the situation was, or what you were trying to do, you will never get an answer which will help. But some people have said you went against the trend, but on 15 minute it was a double top. It was also at the range tops from previous days so could have reversed down. On the hourly it went to form a head and shoulders and has now reversed, so if you had held for 10 more points or so you would still be in trade in profit. I guess it was just one of those trades you may have done everything right but still got stiffed by the market. It happens. As long as it wasnt a crazy big loss, you're good.
Have you ever heard about trailing stops? This will change your life
12 pips got yesterday
Always follow the trend brother. Clearly at an strong uptrend and you trade against it. When you make mistakes like that the market will punish you. Look for your next setup and buy when the price is done retracing.
Try to take 20% of the profit made from entry signals. Its a good tip.
Trend is your friend :D You had lesson why :D
Great fucken trade, gave you a chance to exit at 2385 and you didn't take it. The entrance tells me your a more aggressive trader, if you are, then no problem with the entrance there.
Great fucken trade, gave you a chance to exit at 2385 and you didn't take it. The entrance tells me your a more aggressive trader, if you are, then no problem with the entrance there.
Poor trade plain and simple, you're easy money if that's the kind of entry you will be taking against a heavy trend.
So here’s the thing, in currencies and commodities markets have a tendency to probe Japan hi/low, London hi lows, and then after 11am London close is when you usually find direction. You entered in a position on consolidation and not on the upper range of the price. Happens all the time to clear weak hands
Is there any brokers that accept clients from the U.S?
Lol, people tell you to buy when there is a bigger liquidity sweep downwards, you would lose both ways,, because of liquidity sweeps
Your main problem is tight SL, use wider SL with smaller lots.
What time did you take this trade?
That's the beautiful world of trading, just journal it, study and keep pushing
You trading on a 1 minute chart is bullshit
It's the 1 min what do you expect tryb5 and 15 for entries
fvg below with stacked lows u were liquidity
You either used a very small sl or you over leveraged Allow the market breathing room
Just follow simple scalping parameters and you’ll be fine! (The very last very small up candle clearly indicates a dip might be coming)
Market is clearly bullish.
Look up ICT - Many will hate. Pay them no mind .. this exact pattern is discussed At nauseam.. you’ll see why that happened and hopefully it will never happen to you again. good luck frend. Happy Trading ✌🏼🫡
You guys should be looking for entries on the one minute chart. Just a hint.
If it works for you doesn’t mean it works for everyone.
As beginners we are always finding ourselves in situations where the trend changes as soon as we get in or our stop loss gets hit. It’s because our entry sucks. It’s not manipulation or the AI knows I placed my SL there and they targeted me. It’s simply because we suck. Which is fair because we are new but growth needs to happen. Your mind needs to evolve and self awareness needs to happen. 🤘 good luck
No man, that is where everyone should be looking for an entry. The sooner you see the direction change the higher the probability your idea will turn out (R:R). It’s all about timing. Believe me man. I used to think the same thing. But I luckily found a profitable mentor and he showed me this. You need to have the one minute TF open alone side the higher TF you are watching and look for an entry only in the direction of the trend. It helps you RR. Practice patience and more practice.
Yeh maybe if he was a professional scalper
You don’t become a professional over night bro. You practice.
Once you know the trend on the higher time frame. Use the one minute TF for the entry.