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- #1,362
- Aug 6, 2025 8:56pm Aug 6, 2025 8:56pm
- Joined Nov 2014 | Status: Trader | 2,410 Posts
{quote} Hi Senjamerah, Your Trading is a Master Class in TIMING. Timing Trades is the Hardest thing for me to Master. There are a few charts below I would like you to look at, if you have the time, with a couple of questions for you. I hope you are felling better {image} {image} {image}
I apologize as I find it quite difficult to read bar charts, even though I understand that the OHLC mechanism is the same—perhaps because I rarely use them.
As an alternative, allow me to explain it using a candlestick chart. I hope this explanation can at least give some insight into how I read charts and identify the right timing for an entry.
- #1,363
- Aug 6, 2025 9:20pm Aug 6, 2025 9:20pm
- Joined Nov 2014 | Status: Trader | 2,410 Posts
{quote} Behaviour of Price/How Price Reacts such an important "Foundational" skill to develop.... A couple follow up charts of Gold futures chart. {image} {image} {image} {quote} Yes I agree I have silently been peeking in on Senjamerah's thread since the beginning .... Great chart reading skills !!!! Emphasis on SKILL... Cheers !
What’s really important is that you truly understand what you’re doing—that’s the foundation. Finding comfort and a method that suits you in trading is crucial. Once you find that, it becomes much easier to stay disciplined with your trading approach.
If you’re comfortable with the M5 chart, stick with it—don’t force yourself to switch to the M1 timeframe. Your method that combines compression-break-retest is definitely a profitable technique, but you need to be patient because it doesn’t happen every day.
That said, I can assure you that it’s a profitable strategy if you apply it with a risk-reward ratio of 1:2 or higher. Just make sure the price shows a solid reaction in the form of clear price action before you execute an order.
- #1,365
- Aug 6, 2025 10:26pm Aug 6, 2025 10:26pm
- Joined Nov 2014 | Status: Trader | 2,410 Posts
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- #1,366
- Aug 6, 2025 10:35pm Aug 6, 2025 10:35pm
- Joined Nov 2014 | Status: Trader | 2,410 Posts
Hi, Senjamerah Was the following markup a valid buy entry according to your strategy (although it was a failure)? {image} Your strategy is always interesting as much as Steve's.
- #1,369
- Aug 7, 2025 1:37am Aug 7, 2025 1:37am
- Joined Dec 2010 | Status: Never Stop Learning | 7,328 Posts
- #1,370
- Aug 7, 2025 2:32am Aug 7, 2025 2:32am
- Joined Nov 2014 | Status: Trader | 2,410 Posts
{quote} Hi Senjamerah, Thank you for taking the time to answer my questions I really appreciate the help you freely provide to everyone. Would you have considered the 2nd Long Trade? EDIT: Added a 2nd up to date Chart {image} {image}
One of the important elements in my strategy is identifying the position of the stop loss before the take profit. As I always say, I will look for the best level to place my stop loss. I will make sure my stop loss is positioned behind a potential support/resistance level, where the price needs to break through that level before it can reach my stop loss.
I do my best to explain the trading methods I use, though there are still a few others that I apply. The key is to find the right opportunity to be in the right place at the right time — just like positioning a small boat to follow the flow of a river.
-sjmr
- #1,371
- Aug 7, 2025 3:01am Aug 7, 2025 3:01am
- Joined Nov 2014 | Status: Trader | 2,410 Posts
Okay, that's enough for now. I need to stop looking at the chart or else I'll keep on looking for opportunities to scalp. I've overtraded, and this is not a good practice.
- #1,374
- Aug 8, 2025 2:39am Aug 8, 2025 2:39am
- Joined Nov 2014 | Status: Trader | 2,410 Posts
This is the last entry for today and also a wrap-up for the week. I made 44 entries this week — 8 losses and 36 wins. The results are enough to cover daily expenses and even savings.
I've shared a little bit about this technique for everyone to see. Make the most of it, and if you found it helpful, show your appreciation by hitting the like button. Wishing you all the best!
- #1,377
- Aug 8, 2025 3:49am Aug 8, 2025 3:49am
- Joined Jan 2016 | Status: Trader | 1,006 Posts
{quote} I am still wondering how you are able to do it on 1M so efficiently, please is the method applicable to 1M only? do have a great weekend
I have downloaded more than 1000 Senjamerah charts and analyzing them.
I have put them into categories :
- trendline break shorts & longs
- breakout pullback shorts & longs
- breakouts longs & shorts
- test the level shorts & longs
It takes patience and experience to catch good trades.
Just got good one "trendline break short" setup.
First price failed to go higher, then price broke trendline with candle ca 2 times longer than previous 5
I might be wrong , I have been wrong before
- #1,379
- Aug 8, 2025 4:41am Aug 8, 2025 4:41am
- Joined Jan 2016 | Status: Trader | 1,006 Posts
{quote} A good piece of research. You made me smile. Keep up your analysis and I'm sure you will discover even more
in the middle or even at the top of price move. Trendline can be any length, longer or shorter.
Price failed to go lower, broke the short trendline with nice momentum candle.
Start of the move was nice but then it struggled to go higher but with 36 minutes it got to the target.
I might be wrong , I have been wrong before