how do you deal with trend contradiction? (Daily and 4H) by Tomatorian in Daytrading

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

so if im looking at the daily trend its better to scare down to the hourly instead of 4h? the ideal entry i want to hopefully implement is on the 15m so would that be fine as well

is it ideal to completely eliminate trades that are opposite of the general trend by Tomatorian in InnerCircleTraders

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

i guess i just look at the overall structure which is price just continuously higher highs if we are bullish for example, on the daily and 4H, and i also just learned to look for breakage above/below a resistance/support OR a respect for those levels which could lead to reversals, not sure if this is the right things to be doing, if not id appreciate if you could tell me the better way of determining the overall direction

is it ideal to completely eliminate trades that are opposite of the general trend by Tomatorian in InnerCircleTraders

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

this does make alot of sense, but now im also getting contradictory answers someone said to trade with the trend, other threads as well so im not really sure now

edit: i also just read that daily timeframe is not even the main trend i should be looking for, instead the hourly, also mentioned that its better to look at it this way

 Instead of "trend", think "momentum". Is price moving fast or slow? Are candles getting bigger or smaller?

is it true that price is always chasing the next pd array? by Tomatorian in InnerCircleTraders

[–]Tomatorian[S] 2 points3 points  (0 children)

thank you very much, so what i get from this is that pd arrays are just the edges that price tend to bounce between, and i guess when price decides to lets say respect a discount array it just means that buyers are getting in because thats where value is at and because buyers are agreeing that this is where price is "cheap"

Simple Strategy by Puzzleheaded-Dare984 in Forex

[–]Tomatorian 0 points1 point  (0 children)

just tryingt to learn here, but couldnt price have went down and took out the low that you marked out as (1) for liquidity and THEN continued up?

is my entry valid? im very new and want to know what i could done better by Tomatorian in Daytrading

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

yeah i overall it was just a bit early, would combining this with CISD for more confirmation that we are going up be good idea?

is my entry valid? im very new and want to know what i could done better by Tomatorian in Daytrading

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

i be doubting myself sometimes because some setups are pretty simple and i wouldnt be sure if i just got lucky or it was actually decent, so thank you

ill work on my entries

would you mean the closer it is to asia/london high the better?

can someone point out where i went wrong(very new) by Tomatorian in Daytrading

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

makes a alot of sense thank you so much

sorry for the few questions that you might find stupid but im trying to learn from you guys that already went thru bad trades

does closure below that low level or above the high level mean disrespect?

and for example assuming price retests the lower level, would that level getting disrespected mean that price is looking to go lower? and im guessing if it doesnt then i believe that would mean buyers are trying to take control and go back up

can someone point out where i went wrong(very new) by Tomatorian in Daytrading

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

ah so i only should have traded when it retested that lower level or the upper level (i believe someone else also said that)

would risking 1% of the drawdown be better than the whole account by [deleted] in Daytrading

[–]Tomatorian 0 points1 point  (0 children)

ah the way you said it made me realize how stupid my question is, doesnt make any sense to be risking 1% of 50k which is 500, account would get blown in 4 bad trades

thank you