Onomatopoeia wrote: Sun Jan 07, 2024 8:39 pm Good morning,
I have 3 examples to demonstrate what I meant. (Please ignore the fact that with these absurd spreads, no trade would even make sense)

I've had a look and in all the trades you entered too early. What do I mean by that?

What HTF have you chosen? If your ETF is the 5min normally the 30min would be a good HTF. Now if you go and check you'll see that the confirmation on the 30min charts for all the pairs that you traded came much later than your 5min entries. There was NO confirmation on the HTF for the sells and buys when you entered on the 5min chart.

You'll help reduce the likelihood of false entries by ALWAYS checking the HTF before considering entering on your ETF. Yes, it can be very tempting to get in on the lower timeframe but as you've discovered it was not a good idea.

Irrespective of the timeframe combinations you choose you need to ALWAYS trade in the direction of the higher timeframe bias. Learn to wait and practice patience.

The 5min chart can present a lot of volatility, especially for crypto so be aware of that. In addition, the weekend is generally NOT a good time to be trading. However, that is just my opinion from experience.

Remember, let the trades come to you. DON'T go chasing trades