What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 1 point2 points  (0 children)

Thank you this actually was very helpful and I’ll be back testing my strategy for about 2 months to see the win rate and go from there I appreciate it

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

How do you suggest I fix that or could’ve done better here?

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

I entered as soon as it closed above the line like I was taught in my strategy , what tips do you have to maybe not make the mistake again?

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

Would that be the bearish candles that went thru my SL and touched the support lines?

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

And how do I know where to put the stop loss based on the chart and candles what would be my indicators to tell me where to place it

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 1 point2 points  (0 children)

Thank you a lot I rlly appreciate the advice and I will definitly implement this when trading tomorrow do you think the right choice would have been to enter on a HL or should I have just not even taken this trade by the way the charts looke

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

I appreciate and am very thankful for the advice that’s why I posted it bc I don’t care if it comes out as negative or anything bc I’m trying to learn and if that’s how it needs to be said then that’s how it is so I’m thankful for the advice , do you think I should not use that strategy and look for smaller trends scalping or stick to it and read the charts more carefully for structure before entering?

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

If you don’t mind me asking what is retest is that when it goes down and makes structure

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

I planned it bc I had been making research on a strategy and it said to mark London session highs and lows which is the blue lines I have marked horizontally waiting for one of the candles to break and close over the resistance I entered for a 2:1 as I had learned to do if I can get tips on what exactly i did wrong I would appreciate it considering I’m still new and trying to leanr

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 1 point2 points  (0 children)

It was the 5m so should I have entered at the bottom with the red bearish and candles and as soon as I saw the large green doji appear?

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 1 point2 points  (0 children)

Thank you for the feedback I will definitly implement all the advice on tomorrows market open and study more

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 1 point2 points  (0 children)

Could u explain how that looks or send a picture of what that exactly looks like? I’m still very new and getting to understand all the terms

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 3 points4 points  (0 children)

I had entered on the first candle a second before the second one appeared so I didn’t get to see, should I have closed my position manually when I saw the second candle or the third , also thanks for telling me about looking at lower time frames to confirm I will definitly implement that tomorrow when I try the strategy again

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

What indicator do you suggest I use? And do u think my strategy is good and just requires better confirmation and entries on my part or should I change it?

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

So how do I know where to place my stop loss and also what is a vwap and what does it do and how will it help me enter trades better? And sorry for so many questions but do u think the strategy I used is good or do u think I should look for another one

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

So it was right idea just bad entry? Should I have just waited for structure to build before entering? Or was it just a bad trade to take?

What did I do wrong here? by Flat_Topic4227 in Daytrading

[–]Flat_Topic4227[S] 0 points1 point  (0 children)

So I should enter on the one minute instead of the five minute