Failed trades
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Hey kol8701,
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While Rocky's sleeping and dreaming of the pip fairy, I will give you my observations, if I may.
The first thing I notice is that your Heiken Ashi is not coloured correctly. Go in and edit your Heiken Ashi so that it says Red, Royal Blue, Red, Royal Blue under the colours tab.
Looking at the short trade you took on M5 on GBPUSD at around 14:30. First of all, if you go to H1 at that time, you will see that prices just made a recent low which now becomes support. Second, price has made a significant move down from the H4 20ema which means a pullback should be expected. Maggies grinning soul mac os. Third, price is oscillating around the H1 20ema which suggests indecision. Fourth, price is oscillating around WS1 again suggesting indecision. Fifth, the price is heading into a box between WS1, H1 20ema and H1 50sma, meaning stand aside until price tells you where it is heading.
Define Arty Farty
Looking at your long trade on M5 on EURUSD at around 0900. The H1 is in a downtrend (as are all other time frames), the 50sma is just above acting as resistance and above that is the H4 20ema acting as resistance. The only trade to consider here is a short when price bounces back off the resistance ma's.
It seems from this that you are making decisions and taking trades based off M5 charts which is not recommended by even the pros. Alcohol mac os. The Monkeys base their trading decisions on H1 and when everything lines up (the ma's and CCI's), then and only then do they drop down to smaller time frames and then only to M15 with maybe, maybe, a look at M5 to fine tune their entry.
Or it could be that this is a game to you, in which case the best suggestion is to go out and buy Playstation or similar as it will be much, much cheaper.
If you are not already a member of fx500club, I encourage you to sign up so that you can learn and fully understand this strategy. I have learned more in the short time I have been with Dan and Zak than in all my previous 17 years of trading!
I hope this helps.
Rock on
Strat