Almost perfect strategy

You can look at it that you're actually trading the higher time frame and using the lower time frame to time your entry. Put the lower time frame approach in context with the higher time frame likely direction. Everything you wrote about using the higher time frame is good - pin bars, dojis and so on, as well as S/R reversal levels; you can also simply follow the higher time frame trend, if it's clear. As for not getting enough setups, the M5 might do the trick or maybe M1, or maybe look at more currency pairs or spend more screen time.

By the way, most of the time the higher time frame won't give a likely direction. It might give a maybe direction (>50%), but that's not actionable. So, don't try to force the trade, wait until you can say the higher time frame is likely moving this way or that.

There are a couple of posts by Fudomyo here and here, that might be helpful to you.

I haven't read the whole thread, so I apologise if I've misunderstood.

Almost the same, this time using M5
Lower High expected level.

EURGBP

Same time GBPCHF went other way.

I like the way you think it's "almost perfect strategy". Positive thinking is worth a lot.

@freakout not only technical technique that matter, should also alert on fundamental release, intermarket correlation, currency correlation itself, central banks news...those factors affect the movement. Most important is own strategy on dealing with the risk. As always, pullback is the best .

A sample of combination :

@freakout ... Lastly, on my opinion...stoploss cannot be tolerate. If it was huge then reduce lot size to suit your desire.
I have a lot of bad experience before especially when dealing with central banks intervention.
So i hope you will do your best to find your own strategy. Good luck & trade well.

thanks for all replies guys I'm taking a break from trading now because I'm tired and I have no idea how to solve my problem... time will tell


good luck everyone!

Thanks to all experts for sharing your views. However; I personally consider that there is no perfect strategy since each time market changes significantly a trader will require changing his style even slightly. So; it is good to be updated and try to adapt strategies according to the changes in the market. And yes; as a risk adverse investor I prefer short term horizon than long term trading due to high risk of losing money.

i almost fart