Conio31 wrote: Fri Oct 11, 2024 4:59 am Had a loss in this trade. Can anyone tell what went wrong?

tmostafa007 wrote: Fri Oct 11, 2024 7:09 am I think you got confused because the blue dot signaled an upward arrow, which is probably why you hesitated to enter the trade.

tmostafa007 wrote: Fri Oct 11, 2024 7:05 am Dear All,

I'm still not confident when I take trades. I follow the 2nd dot and understand the market structure, but I still feel afraid and confused at times. If you could share something that might help boost my confidence, I'd really appreciate it

i hope i explain it correctly in the below screenshot.

Is it correct to trade based on the most recent signal? For example, if I get a bigSema arrow pointing down and then another one sema arrow pointing up, should I trade only in the direction of the last sema, which is up?

First, I was looking for a downtrend and counted the 2nd dot.

1- Arrow pointed up, but since the structure changed, I ignored it.

Next, I looked for an uptrend and counted the 2nd dot.

1- Pink dot appeared.
2- Blue dot appeared.

Then, I entered the trade.

Andreas2000 wrote: Thu Oct 10, 2024 10:19 pm I wish all traders every success and I admire those who have managed to be successful. Unfortunately, my trading account is at the end again..

tmostafa007 wrote: Thu Oct 10, 2024 10:38 pm my point here the 55EMA not cross the 200 Ema so you have to wait

of course there is an expert here can advise you like Curioso
for me you have to check old version like 65M, 005 , 004 to better understanding the concept

my recommendation you have to try in demo first

Vakarox wrote: Fri Oct 11, 2024 3:55 pm Hello, I hope you’re doing well and that you’re surpassing yourself each day.

As for me, I spent the night revisiting some concepts and stayed up to observe the Asian session, which I find truly fascinating.
I realized that a key had been right in front of me this whole time: the fractality of the market, combined with the analysis of different time frames. I now use two windows with the same chart, and it has helped me a lot.

For example, on XAU, in the M5 time frame, you can see a clear entry if you repeat the pattern and only follow that time frame. But by zooming in on M1, you see several other potential entry points.

Another example is on JP225: in M1, I expected a reversal and entered a sell position (I lost a bit on that trade, but I understood my mistake). In reality, it was only a retracement on the M5, and I should have stayed in a buy position, like on XAU.

My question is simple and serves to confirm my reasoning: to anticipate a serious reversal, should I wait for confirmation on M5? Otherwise, it could just be a retracement if I only rely on M1, as in the case of JP225.

Obviously, for the more experienced among you, what I’ve shared might not bring anything new, but I’d really like to hear your thoughts and feedback.

I wish you all a wonderful journey on this long path.
Take care.