Hi guys,
Today, I have one trade on AU. The trend H4 is up. A signal is alerted in M15 to go long. Finally, I entered a trade in M5, my SL and TP are set in place and went to bed.
This morning, my long trade on AU is a loss. I was happy because I knew in advance the long trade on AU will loose.
Why is that ?
It is easy to recognize the wrong analysis. The trend H1 is in the opposite direction of trend H4.
To remedy this issue, I put a filter on H1.
I will show how.
The chart attached below is a set up of a losing trade taken last night of long trade on AU.
TH4 : Trend H4 is up
Th1 : Trend H1 is down
So the long AU is not occured if we put a filter on H1. Because TH4 and TH1 are not in harmony.
Sai Ram
Today, I have one trade on AU. The trend H4 is up. A signal is alerted in M15 to go long. Finally, I entered a trade in M5, my SL and TP are set in place and went to bed.
This morning, my long trade on AU is a loss. I was happy because I knew in advance the long trade on AU will loose.
Why is that ?
It is easy to recognize the wrong analysis. The trend H1 is in the opposite direction of trend H4.
To remedy this issue, I put a filter on H1.
I will show how.
The chart attached below is a set up of a losing trade taken last night of long trade on AU.
TH4 : Trend H4 is up
Th1 : Trend H1 is down
So the long AU is not occured if we put a filter on H1. Because TH4 and TH1 are not in harmony.
Sai Ram
Being a fxtrader is not easy. Ones must working hard.