Why do all my trades off of H1 and below lose? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Why you lose money and will always lose 44 replies

Stop all and close all trades EA 23 replies

Did we Lose any Brokers? Are we going to Lose a few? 1 reply

The one reason that trumps all other reasons why traders lose 262 replies

Looking for EA to close all Buy Or all Sell trades when in profit 0 replies

Why do all my trades off of H1 and below lose?

  • #1
  • First Post: May 15, 2013 1:52am May 15, 2013 1:52am
Trades I take off daily charts seem to do quite well, but once I start looking at hourly and less it's virtually 100% losers. And it's not like I'm letting profits evaporate either. Vast majority of the time there are no profits to protect, the trade almost immediately goes the wrong way and stops me out. Is it possible to trade off of shorter time frame charts or is the price action just completely random at those intervals? I'd like to be a day trader, but that's kind of difficult when you lose every time you take a day trade.
  • #2
  • May 15, 2013 2:49am May 15, 2013 2:49am
I also trade on hourly charts quite often but 100% losers. This is really bad and you should inverse your strategy. I mean where you are selling, just buy there and you will see 100% profits. That is not gonna happen and you need to check your TP.
  • #3
  • May 15, 2013 4:10am May 15, 2013 4:10am
Quoting Bookman
Trades I take off daily charts seem to do quite well, but once I start looking at hourly and less it's virtually 100% losers. And it's not like I'm letting profits evaporate either. Vast majority of the time there are no profits to protect, the trade almost immediately goes the wrong way and stops me out. Is it possible to trade off of shorter time frame charts or is the price action just completely random at those intervals? I'd like to be a day trader, but that's kind of difficult when you lose every time you take a day trade.

If you cannot trade in smaller time frames don't even try. You need a lot of screen time and experience to be good at lower time frames specially for scalping. If you interested to trade lower TFs then come down slowly first to 4hr , then 1hr and so on. But I also don't like to trader below 30min.
  • #4
  • May 15, 2013 4:57am May 15, 2013 4:57am
If you post a chart with an example of a losing trade with an outline of your strategy, you may get some useful advice.
Please Do Not PM Me With Coding Enquiries
  • #5
  • May 15, 2013 6:40am May 15, 2013 6:40am
your stops are too close to the noise. I bet you are trading breakouts off the 1h charts....that's suicide. you should learn to fade rallies and buy dips basing on the daily trend.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #6
  • May 16, 2013 3:32pm May 16, 2013 3:32pm
Quoting pemully
your stops are too close to the noise. I bet you are trading breakouts off the 1h charts....that's suicide. you should learn to fade rallies and buy dips basing on the daily trend.

Pemully makes a great point. When trading lower time frames (4HR and 1HR), always keep the daily trend in mind. If you're new to trading, I definitely recommend ignoring any time frame lower than the daily.


SerenityFX
"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #7
  • May 16, 2013 3:37pm May 16, 2013 3:37pm
Quoting Bookman
Trades I take off daily charts seem to do quite well, but once I start looking at hourly and less it's virtually 100% losers. And it's not like I'm letting profits evaporate either. Vast majority of the time there are no profits to protect, the trade almost immediately goes the wrong way and stops me out. Is it possible to trade off of shorter time frame charts or is the price action just completely random at those intervals? I'd like to be a day trader, but that's kind of difficult when you lose every time you take a day trade.
you are trading "noise". you are trading exactly how the market wants you to trade.
  • #8
  • Last Post: May 16, 2013 4:02pm May 16, 2013 4:02pm
If it's any help i use longer time frames 4h, daily, to establish the trend then use 15 min to time my entry as tight as possible with usually 20 pip stop. When position gets to +20 take half off but don't move the stop. Many times the market will give you +20 and then reverse before continuing in your desired direction to go on and make +50 or whatever. Does this ever happen to you? This is why most people who trade the initial breakout on 1hour time frame (and shorter) get destroyed, because it immediately reverses on them. You also need to establish what your target is, based on s/r levels. Hope this helps.
0 traders viewing now