tmostafa007 wrote: Sat Jul 13, 2024 9:03 am 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.

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.

Hi there - I am happy to help but if you study the few rules of the system I believe you can benefit more from it.

• All the short signals are invalid as the BIAS is bullish.

• All the long signals you underlined missed 100% confluences, the last row of the histo is red.

Trading is hard, but if you do not put some extra effort in learning, it gets impossible

fnz wrote: Sat Jul 13, 2024 5:18 pm Hello Cagliostro, I would like to clarify some points about your system:
1. When opening a position, do you take into account where the price is in relation to the opening of the day?
2. Do you always wait for the basement indicators to become the same color?
3. Do you take into account the trend on higher time frames, and if so, what TF do you pay attention to when opening a position on M5?
4. Do you take resistance support zones into account when making decisions? Thank you with best regards.

Hello,

1. not always, if there is a clear trend that goes against the day opening I stay with the trend. Let's say 80% of the time I respect it, and advice everyone to respect it, if there is no confluence, change instrument, we have tons of stuff to trade.
2. yes, that's the safest way to trade. Be careful that the movement is not too extended (easily seen when price is far from EMA51 and/ or RSIOMA is too extended)
3. 100% of the times, never trade low TF against HTF bias, that is a guaranteed suicide. I trade mainly 5M/ 1H and 15M/ 4H
4. Yes, any R/S or suppy/ demand model just underlines consolidation before distribution. There is a nice resistance and support indicator in the template (the S/D button on the bottom right), feel free to use it or anything else you feel more fitting your style. Important is to respect the accumulation/ consolidation levels and follow where the trend goes.

Cagliostro wrote: Sat Jul 13, 2024 6:45 pm Hello,

1. not always, if there is a clear trend that goes against the day opening I stay with the trend. Let's say 80% of the time I respect it, and advice everyone to respect it, if there is no confluence, change instrument, we have tons of stuff to trade.
2. yes, that's the safest way to trade. Be careful that the movement is not too extended (easily seen when price is far from EMA51 and/ or RSIOMA is too extended)
3. 100% of the times, never trade low TF against HTF bias, that is a guaranteed suicide. I trade mainly 5M/ 1H and 15M/ 4H
4. Yes, any R/S or suppy/ demand model just underlines consolidation before distribution. There is a nice resistance and support indicator in the template (the S/D button on the bottom right), feel free to use it or anything else you feel more fitting your style. Important is to respect the accumulation/ consolidation levels and follow where the trend goes.

Thank you very much for your answer and one more question, do you determine the direction of the trend on HTF by the ratio of the price to 51 ema?

fnz wrote: Sat Jul 13, 2024 7:41 pm Thank you very much for your answer and one more question, do you determine the direction of the trend on HTF by the ratio of the price to 51 ema?

I use bot EMA51 and the zigzag (big sema arrow) direction.

fnz wrote: Sat Jul 13, 2024 5:18 pm Hello Cagliostro, I would like to clarify some points about your system:
1. When opening a position, do you take into account where the price is in relation to the opening of the day?
2. Do you always wait for the basement indicators to become the same color?
3. Do you take into account the trend on higher time frames, and if so, what TF do you pay attention to when opening a position on M5?
4. Do you take resistance support zones into account when making decisions? Thank you with best regards.

If you lookinf for a Support and ressistance indicator, this one from BeatsV5 can help you.

Hi Cagliostro,

I ignored the major signal shown in the picture below, even though the price is above the daily open and all other conditions are met. Is it okay to disregard this signal, or should I be more patient and wait for a new setup? What are your thoughts on this trade?

Hi Cagliostro,

What action should I take in the example below: go long or short?

tmostafa007 wrote: Sun Jul 14, 2024 8:09 am Hi Cagliostro,

I ignored the major signal shown in the picture below, even though the price is above the daily open and all other conditions are met. Is it okay to disregard this signal, or should I be more patient and wait for a new setup? What are your thoughts on this trade?

1) Correct to wait, you have a contrarian big sema red arrow on the left.
2) Good long, you have a blue dot close and bias is bullish. Stop loss on the blue dot, exit on the first red candle or when the sema is confirmed.
3) You have two good long entries: the one close to the blue dot. at 1.20 or when the histos get all white around 6.40.

tmostafa007 wrote: Mon Jul 15, 2024 1:56 am Hi Cagliostro,

What action should I take in the example below: go long or short?

The local trend is bearish, so you can go short after all the histos get red and the ema 51 turns red, but be careful that you can only scalp a pullback of an higher TF. The main trend for the day is bullish.

Hi Cagliostro,

Thank you for your support. I continue to use your strategy because I believe in it.
Today's trade: If you see anything that could improve my performance, please share it with me