I am into this trade atm
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Trading Institutional Order Flow
- #4,282
- Jul 14, 2017 6:46am Jul 14, 2017 6:46am
Had a loss on EUR/CHF. Any reason for my process to be wrong here? A loss is always a lesson learntI traded that zone because WK / D1 fresh supply H4 broke TL. Confirmation trade. But price decided to break higher into WK supply. taking out H4 supply too. Or was my stop just too tight? (10pips) Any opinions and critics will be appreciated
The only thing that refrained me from taking this trade is that the zone formed on the Weekly, the reaction was good on the Daily, but not really strong enough...I like to see a nice bearish engulfing pattern, once that happens look for smaller time frames for an entry. This would be the confirmation type of trade.
For a blind entry, set and forget, I think you should've taken the weekly SZ directly
- #4,283
- Jul 14, 2017 7:41am Jul 14, 2017 7:41am
{quote} Honestly, I don't think you did anything wrong, i see a nice entry zone on the 8H chart. The only thing that refrained me from taking this trade is that the zone formed on the Weekly, the reaction was good on the Daily, but not really strong enough...I like to see a nice bearish engulfing pattern, once that happens look for smaller time frames for an entry. This would be the confirmation type of trade. For a blind entry, set and forget, I think you should've taken the weekly SZ directly {image}
Been on a losing streak on my very first live account. I hope it's normal. Tho i have already told myself that this account is meant to be blown for emotional experince and setting my own rules wise , i still feel terrible. Haven't really hit my first TP without it being adjusted. SAD seems so easy when you understand. But it's very very difficult to apply with all the nuances around. If price were to drop from here on the EURCHF after hitting my tight SL , i would drop my head too lol. Let's see how it goes.
Thanks for your reply ! I usually take confirmation trades once H4 ascending TL have been solidly broken , dosen't matter if it's broken on the D1. as long ask WK and D1 is fresh. Thats my only rule so far for confirmation trades.
And if WK is tested or D1 as well . I would wait for D1 to be broken creating supply and shorting that supply withing my H4 TF. I do not really have rules for playing in the middle of the curve yet. So far just trying an error on the ends of each trend / curve. Hope i'll get my first true win anytime.
i've been chasing trades too much now
The only person you are destined to become is the person you decide to be.
- #4,285
- Jul 14, 2017 7:49am Jul 14, 2017 7:49am
Some traders looking at this DZ? I will look for possible entry possibility on lower time frames {image}
The only person you are destined to become is the person you decide to be.
- #4,286
- Jul 14, 2017 9:25am Jul 14, 2017 9:25am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #4,287
- Jul 14, 2017 9:26am Jul 14, 2017 9:26am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #4,288
- Jul 14, 2017 9:32am Jul 14, 2017 9:32am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Had a loss on EUR/CHF. Any reason for my process to be wrong here? A loss is always a lesson learnt
I think one possibility to consider may be that there was nothing wrong with your trade.
One other consideration is that of the trend on the euro right now
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #4,291
- Jul 14, 2017 10:57am Jul 14, 2017 10:57am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #4,292
- Jul 14, 2017 10:58am Jul 14, 2017 10:58am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #4,293
- Jul 14, 2017 12:26pm Jul 14, 2017 12:26pm
Dear traders,
Today i had hit on my second third SL. I guess this month will not be mine. Last moth was great, but now three losses by the row, butt last two ware made by experimenting. I think better is to follow basic rules and when they are like second nature then to look for new type entries and rules.
I just miss my type entries.
So I was running for market instead of sitting on hands. 
Hope you will learn this lesson without making mistakes like I did.
Today i had hit on my second third SL. I guess this month will not be mine. Last moth was great, but now three losses by the row, butt last two ware made by experimenting. I think better is to follow basic rules and when they are like second nature then to look for new type entries and rules.
I just miss my type entries.
So I was running for market instead of sitting on hands. Hope you will learn this lesson without making mistakes like I did.
- #4,296
- Jul 15, 2017 2:31am Jul 15, 2017 2:31am
{quote} Here you go The negative on this trade is that big red candle on 12/07. This makes me think some supply is already gone, this makes the SZ weaker. BR Minosd {image} {image}
The only person you are destined to become is the person you decide to be.
- #4,298
- Jul 16, 2017 12:11am Jul 16, 2017 12:11am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #4,299
- Jul 16, 2017 12:15am Jul 16, 2017 12:15am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{quote} Here you go The negative on this trade is that big red candle on 12/07. This makes me think some supply is already gone, this makes the SZ weaker. BR Minosd {image} {image}
That line you refer to as resistance is also a Drop-base-drop Supply zone
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #4,300
- Jul 16, 2017 12:17am Jul 16, 2017 12:17am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon