DoNotFollowThis

They are the trend lines to find the trade entry. Always drawn from the same point

What is logic for basing an entry on them?

Major retracements hardly aver occur in charts below H4

This is where things become a bit confusing.
Wicks at the blue area.

Simple.. price has broken past the line
look left trade rifgt
Practice makes perfect

If price has broken past the line then how do you set the TP?
How to know where to look at, at the right?

If price has broken the line there is a good chance that particular wave is over. So look to TP 50% retrace remembering of course it won't come down in a straight line. In this case wave 1 & 2 of the retrace are complete & wave 3 started. Wave 4 should be a bounce off the 34% so you could TP there & get in again for the 5th.
Nothing set in concrete. The market is full of surprises. Hence SLs.

End of the 3rd wave is at the blue area at the middle of the chart?
I can understand the reasoning behind the line but cannot think of a way to make that line.

which line are you wanting to make.? Red or yellow.

Red.

OK They are the trend lines .... Drawn by hand. Each one you see on that chart has been drawn after each pullback showing that none were crossed until the last at the top.
Maybe I should start a new thread with a video to explain.
I see many struggling traders on the forex forums. Many are newbies but lots who have been trading for years & still losing.

"Drawn by hand. Each one you see on that chart has been drawn after each pullback showing that none were crossed until the last at the top."
Not crossed the trendline to begin a downward movement? But why from the same level?

maybe you can start a thread about reading the market.

UJ M1

how to decide the market move when there is equal number of orders on both sides?

WEEKLY DIGEST

reference candle should give hint about the next market move. This is the candle where assumption is made.

price does not move until there is a big imbalance between buyers and sellers.

How to trade with a rally in price?

How to calculate stop loss

It is important to remember that all profits are unrealized gains until you sell what you bought or buy back what you sold short.

Have confidence in your decision making.

Being right and making money is not the same as being right only.

Mate.. Your trading is similar to mine 5 years ago. Pure speculation. Overthinking the market & charts.
Let the market come to you.
I see No SLs & No TPs.??? No wonder your losses are greater than your profits even though your win rate is OK.
Correct about everything.

I do not place sl/tp because most of the times I'm right about the direction of the price but my entry points are really very bad. So, I decided to cut down the size of the trade but it still does not work.
Trading is speculating, right?
Overthink is really a bit of concern because then I have problems exiting the trade whether it is in profit/loss.
How do I improve?

What is the difference between when you were trading like me and now?

What does it mean to "let the market come to you"?

No trading is not speculation. Not if you do your homework first.
You must have a Sl & TP. Be realistic. Even if it is only a 1:1 trade, it's worth it.
Draw trend lines. NOT the conventional ones. Draw from lowest point to latest support level.
Place Buy/Sell stop orders. That way the market comes to you when it has committed to the direction.

stop trading on someone else's opinion.
If you do this you are not trading.

15M and H4 are my favorite. But recently I have been trying trades with 5-10pips so I have been watching 1M charts
I would try 15m & 1H combination with reference to D1 for overall direction to ascertain whether you are trading a retracement or with the trend.
Anyway. Your demo account is stuffed. Start a new one. Start it with exactly the starting balance you would if it was a live account & trade with appropriate pip lots. EG: $1000 = 0.01 adding as each trade is in profit by 25 pips or more & moving SL to BE at that point. ( Adding, that is if you are in a trade aiming for 100 pips or more.
I'm going to show you how I take my trades using a moving trend line only.

On the daily, candle is crossing the trend line. Why should the line not cross a candle? What does it mean when that happens?

How to use different time frames for the same trade?

Is this method based on trend line alone?
How is the angle used?

Moving SL to BE safe-guards the trade from a loss. However it should not be moved if there is a chance it could be hit & jeopardize a larger profit
Finding moves with 50/100 pips profit can be found easily.
Just go for 50% retrace of the previous move. A SL must be used in case you miss judge the end of the move. Take the latest move on the EU. Every wave on each time frame has a retracement. 50% is usually a safe bet. Sometimes only around 30% so the SL is important. Chances are it will not go further. Why>? Because the main trade is in the other direction at the moment as seen on the 1H chart.
ALWAYS use a SL without exception. Iv'e learnt this the hard way many times.
I agree on the SL to BE argument.

Why only 50%. what is it about the Fibonacci retraces which make them work?
Different moves are seen on different time frames. So, why look at different time frames?
How to judge end of the move? Are there any specific candle stick formations?

What are these blue lines? are they intermediate pivot lines?

I look at certain candle sticks or candle stick formations for deciding a reversal of trend. Sometimes, it becomes hard. EU example, for me is perfect for this purpose because I cannot see a formation but lots of wicks on daily time frame.

How to know if retracement is major or minor? End of HH or LL is one way. What are the other ways?

They are the trend lines to find the trade entry. Always drawn from the same point

Major retracements hardly aver occur in charts below H4

How to use volume in analysis?

irregularity

Do not leave things to chance.