Old is Gold. slow like caterpillar but I will finish the race.

Andreas2000 wrote: Mon Oct 14, 2024 10:57 pm Hello Cagliostro, can you please explain how you recognise that the trend has been broken? Which indicators do you use for this? If possible with a screenshot

You have a wonderful pdf by Xard that explains what a market structure and a zigzag is. I warmly suggest you to study it.

The same stupid mistake over and over again.

I have to stop setting tight stop losses

victortrend wrote: Mon Oct 14, 2024 9:42 pm Well, entry into GOLD live. Let's see if this one comes out.

Dear victortrend,

What you've done is not just about sharing your entry ,exit and SL with us; you've also taught us how to accept losses. I completely agree with you—sometimes the market is bad, sometimes it's good, and there are winning periods and losing periods. But learning how to accept those losses is key.

You're amazing, bro! Keep it up, and we look forward to seeing even more from you.

tmostafa007 wrote: Tue Oct 15, 2024 2:08 am Dear victortrend,

What you've done is not just about sharing your entry ,exit and SL with us; you've also taught us how to accept losses. I completely agree with you—sometimes the market is bad, sometimes it's good, and there are winning periods and losing periods. But learning how to accept those losses is key.

You're amazing, bro! Keep it up, and we look forward to seeing even more from you.

That's right, it's key. The two entries I have shared today are the only ones I have made today. I didn't want revenge. I didn't want to recover. Nothing happens. They are accepted and I will wait for a new optimal SETUP. I am convinced that the good entries will be more and better. So I am not worried.

Samoth wrote: Tue Oct 15, 2024 1:11 am The same stupid mistake over and over again.

I have to stop setting tight stop losses

ATS Liquidity on chart )

victortrend wrote: Tue Oct 15, 2024 2:25 am That's right, it's key. The two entries I have shared today are the only ones I have made today. I didn't want revenge. I didn't want to recover. Nothing happens. They are accepted and I will wait for a new optimal SETUP. I am convinced that the good entries will be more and better. So I am not worried.

Today, I’ve learned from you the importance of accepting losses without feeling the need to immediately recover them.
thanks bro

I often don't have time because I'm in the office from 9 to 5 and don't get home until 7 o'clock.

I am therefore a big fan of alarms that are sent to my cell phone.

I have built a setfile for ATS assistant for those who are on the M1 chart. It gives you alerts when a liquidity line is hit (in the direction of the trend from the H1 chart) or you have a retracement from the higher time frame, so perfect to look for a 2nd dot setup after you get the alert.

You don't have to have a second H1 on, you can just run the assistant on a second chart in the background if you like

Here is an example of how the two kinds of alerts work:

Samoth wrote: Tue Oct 15, 2024 4:37 am I often don't have time because I'm in the office from 9 to 5 and don't get home until 7 o'clock.

I am therefore a big fan of alarms that are sent to my cell phone.

I have built a setfile for ATS assistant for those who are on the M1 chart. It gives you alerts when a liquidity line is hit (in the direction of the trend from the H1 chart) or you have a retracement from the higher time frame, so perfect to look for a 2nd dot setup after you get the alert.

You don't have to have a second H1 on, you can just run the assistant on a second chart in the background if you like

Here is an example of how the two kinds of alerts work:

Screenshot 2024-10-14 193039.png

Hi

I really like the simplicity of the chart. Cagliostro also mentioned the areas of liquidity. Any chance you could also post the template please? Thank you

ManilaSpurs wrote: Mon Oct 14, 2024 12:22 pm

What I like about a sell entry in this set-up:
-The obvious SquareArrow>>>Blue Sema>>>Pink Sema
-Price is below Vwap, Daily Open, 4H Open, EMA's
-Your sub windows align
-4 Mini Dots
What I don't like:
-The Blue Arrow
-Price has not crossed the ADR Sell Point. I would wait for how it reacts to that area
-A new 4H open line is not far off and looks like it will be near ADR Sell Point. Again, I would wait for reaction

Looking at the information in front of us, IF I took a sell trade there, I would have a quick trigger to get out of that stressful trade.

To me the #1 rule is this, if I can't make sense of it, I don't trade it. Whether I feel like "I'm about to miss out if I don't take it", or not. If it doesn't create the picture I need, I pass.

This is a tough part of this, or any system. There is a legitimate fear of buying at the top and losing or sitting on your hands and missing out. If that price goes down, it will go down in steps. In a good trend, you will get another shot at entry. Especially if it is indeed a reversal. So, we wait.

Now, what if you had looked at the M5 chart? Between the 2 red vertical lines towards the right side is the same area as the M1 chart area of interest.
The M5 chart shows a Blue Dot 2nd Dot buy entry set-up in the works. I believe this would have settled the question for you without any hand wringing.