I need help

[xtreme28]

I need help with a trade I lost, I want to know what I did wrong, please 🙁

 

[Enivid]

Why do you think you did anything wrong there?

 

[linux_usr]

Going long in a descending channel is not good tatics. Looking at multiple time frames will help and drawing equidistant channels too. Trade with the trend

 

[linux_usr]

Remember its machine code (The market) against your psychology. accumulation. manipulation (stop loss hunt). distribution
Maybe use bots to do the waiting and watching and to make the entry.
Machine code (the market) v machine code. (Your bot)

Post automatically merged: Oct 30, 2024

even manual trading. you can still set up bots to make the entry. You just push the button. It HELPS try it. also conflunces to keep you in the right lane but from multiple timeframes

 

[linux_usr]

If you trade the Forex i suggest you stop.
Intraday --> bitcoin.
swing --> oil
scalp---> gold
That is all you need. Concentrate on one to you master it.
Then you will see the riches you can get from scalping gold
The very best tip i can give you is . risk management
Use ATR for SL that incorporates the spread and keep it simple 1:1 RR. Trade lot sizes if you can. always trade with tight stops and use TP. ALWAYS !!

 

[linux_usr]

Learn to use multiple time frames fluently

Post automatically merged: Oct 30, 2024

when you get a bit better. you can start on the advanced stuff. your style is way off to beat the markets IMO.
This is my scalp set up.
I know im showing off but hey hope it helps 😉

 

[linux_usr]

Forgive me but i had to give this a plug. amazing EA. also ATR trailer is good but lacks TP. you hear me admin 😉