I was worried about a potential pullback, so I decided to close the trade before it went up further. that's why every time i loss.Cagliostro wrote: Sat Jul 13, 2024 7:01 am I mainly trade London and NY, focusing only the first 3h of each session.
Your entry happen too far from the EMA51, the movement is already too extended.
And your exit could have been the next blue dot, you exited a pullback... why? that was a moment to add more to the short.
I've made several trades where I initially won, but then the position turned against me, and I ended up hitting my stop loss. I'm unsure how to avoid this issue. It often feels like we receive false signals, like a downward trend while the candles keep moving up.
If you have any good ideas on how to solve this issue, I would really appreciate your help.
I really like your strategy; it’s clear and not too confusing. However, I feel like I’m still missing something to stay profitable. I understand that losses are part of the job, but I am still try to find a way to reduce them.
As you can see in the picture below, there are many signals that have led to several losses. I'm feeling quite confused and have taken unmanaged trades.