Disliked{quote} Thanks. I really appreciate the people here, I really do. I'm just not sure I have the temperament for this. I'm not disciplined. I always have to be in a trade because "this might be the start of the move" Take what just happened, is this a stop hunt or the beginning of a down move? Don't know, but I need to have a probability f either if I'm to decide whether to buy or sell. My stochastic is telling me it's a buy entry. My MA's are telling me it's a sell. We're in a 4hr support zone so buy?, or break through lower? Maybe my MAs or stochastic...Ignored
You said when you started you were profitable and then as time went on you became unprofitable. Did something change in your trading style?
Lot size? Trades you were willing to enter? Timing?
If none of these things changed than something about the market changed. Your trading style has to be adjusted for something that is happening that wasn't happening when you started out.
I use stochastics in my trading style and in my case I am successful when I focus on the 15, 5 and 1 min time frames to enter a trade. I can use the higher time frames to tell me to look at these lower time frames in the first place. All stochastic curves have to point in the direction of the trade and at least the 5 and 1 have to be at the opposite end of the range to the direction of travel. The RSI in the 5 min has to also point in the direction of the trade! I typically lose on trades when I don't follow this set of instructions.
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