Hello tmostafa007,tmostafa007 wrote: Fri Aug 09, 2024 7:31 pm GM, Curioso
**Is the Following Trade Valid?**
I'm asking because I lost control today. I took several trades without fully understanding the market direction. As you can see, XAU is ranging, which led to my losses.
on the other hand, I would like to inform you that
1. I am now working with ICMarkets. I've closed my old account, opened a new one, and can withdraw funds normally. Thank you.
2. Last week, I grew my demo account from $1,000 to $2,400.
3. Last night, I decided to start trading live.
**Personal Note:**
I didn't follow my strategy or apply proper risk management, which led to a loss of $33. This may have happened because I got overly excited and lost control while taking a live trade. Moving forward, I will be more patient, focus on following the rules, and avoid breaking them again.
ALSO, I believe this is crucial for all beginners using this strategy. I made the mistake of constantly seeking out different channels, like TradingView, to get other people's opinions and ideas. This only made me more confused. i think because i am trading on live account
My advice to anyone new and in a similar situation is to ignore all other channels or tools you’ve used before. Focus solely on this strategy, and trust the decisions you make.
Absolute right, when we see the markets on ranging/sideways can cause a lot of stress, and on a lower timeframe like M1 it can be exhausting. But it is possible to trade on M1 with discipline and education, and a lot of patience, you don't have to jump between timeframes.
Never trade real money in a learning process, it can be tough, very tough, so it's not just a matter of learning time that will speed up your knowledge.
Another tip is to focus on that template and nothing else, seeing it on tradingview doesn't correspond to the values we have available at the broker we're trading with.
Going back to your entry validation sharing, following Samoth's and anothers friends logic, it's just that, and I have nothing to add and always see the BIG picture, for example why enter BIGSema right away, without waiting for confirmations, the most peaceful way is to wait for SEMAArrow in the same direction as your BIGSema.
For example for a valid entry:
BIGSema -> SemaARROW (same direction) -> confirm ADR (depends on trading style) and DailyOpen (depends on trading style) -> bigger ball -> minidot
This part is important to reduce the stress of open positions and helps you better understand the trend to apply. Keep your method, focus and you see in your account the balance increase, not matter if 1% or +100% per day, this important thing is the consistent and profitable. And not necessary add nothing more.
In my case, I wait hours and hours for a valid entry, until then there's no problem because I wait and wait for the pattern I'm looking for and I'll share one that might help you understand.
If any part is missed on this trend, and wait for another valid entry, the patient is the key.
Remember, trust in yourself, never stop believing in your abilities and the knowledge you have here, whatever the timeframe, the important thing is that you always have the focus and determination to achieve your goals.
What a crazy week, highly and power by XU 065 Setup.
