Dislikedbrett:
It's also a good idea to draw the trendlines, s/r levels, and channels on the 1hr as well...not too many though. It can get to the point where you can't 'see' any more. Less is better but if you have these on the 1hr it helps to define profit targets. This is even more important when the 4hr is 'stuck'.
Chart:Ignored
p1-u can't draw that trend line befor that last high have been formed so abviously that trend line cant help u when u want to trade becuse when u shorted, the trend line wasnt been formed .look at picture below ,we only have a broken trend befor ur short and if i wanted to trade on that time i whould buy after breaking up the TL but i was not like a buy and i was waiting for a down breakout of that red triangle so i didnt buy.
but the point is here: a sell after breaking up that triangle before any confirmation(some donjis or round top) looks very risky .do u accept?
Q1- where was ur initial stoploss?
Q2-did u look at the smaller TF's for ur trade ?(cause there was a up trendline in m5 and u could sell around 70 when that TL breaked)
thx alot for helping me by ur answer