Aliassmith Beats a "Dead Horse"

[Yirbu]

Today I was trading and got beaten
There were chances....I just wasn't in them.
If I would trade it again...I wouldn't take trade #2 and #5 as #2 failed at the same level before and #5 was just a bit too far away from the sma.
(The last trade btw was traded as an inside bar and got triggered 2 bars later)

Together with 2 losses on us30 I lost +/- 2.5%.
Let's try again tomorrow when it's not FTMO day.

220921 - EURUSDM5.png (150.82 KiB) Viewed 1099 times

[aliassmith]

Today I was trading and got beaten
There were chances....I just wasn't in them.
If I would trade it again...I wouldn't take trade #2 and #5 as #2 failed at the same level before and #5 was just a bit too far away from the sma.
(The last trade btw was traded as an inside bar and got triggered 2 bars later)

Together with 2 losses on us30 I lost +/- 2.5%.
Let's try again tomorrow when it's not FTMO day.

220921 - EURUSDM5.png

I think it was FOMC day?

[Yirbu]

Let's try again tomorrow when it's not FTMO day.

I think it was FOMC day?

Ha, ha, ha...

[Yirbu]

Did some trades after FOMC and managed to get most of my money back.

[aliassmith]

Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.

[IgazI]

Today I was trading and got beaten
There were chances....I just wasn't in them.
If I would trade it again...I wouldn't take trade #2 and #5 as #2 failed at the same level before and #5 was just a bit too far away from the sma.
(The last trade btw was traded as an inside bar and got triggered 2 bars later)

Together with 2 losses on us30 I lost +/- 2.5%.
Let's try again tomorrow when it's not FTMO day.

220921 - EURUSDM5.png

I think it was FOMC day?

I read that as 'FOMO', I think it is time for new glasses

[Yirbu]

Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.

Now if you see that forming...what made you think it would go down?

[IgazI]

Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.

Now if you see that forming...what made you think it would go down?

There are a few reasons that I can see:
- price entered the area from which it broke out
- price is unlikely to continue to go vertical
- there is bar overlap and lower highs
- price closed lower than a previous range
- the MA was down-trending out of the pattern
- . . .

this_img.jpg (89.82 KiB) Viewed 920 times

[Yirbu]

Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.

Now if you see that forming...what made you think it would go down?

There are a few reasons that I can see:
- price entered the area from which it broke out
- price is unlikely to continue to go vertical
- there is bar overlap and lower highs
- price closed lower than a previous range
- the MA was down-trending out of the pattern
- . . .

this_img.jpg

Wow...thx.
I realize how much I still have to learn

[aliassmith]

Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.

Now if you see that forming...what made you think it would go down?

There are a few reasons that I can see:
- price entered the area from which it broke out
- price is unlikely to continue to go vertical
- there is bar overlap and lower highs
- price closed lower than a previous range
- the MA was down-trending out of the pattern
- . . .

this_img.jpg

Yes and price entered a FVG