Every time I think I've identified a trend & I set my targets it does a 180
Feb 18, 2020 at 03:01
1,010 Views
15 Replies
Feb 18, 2020 at 03:01
I'm not sure what I'm doing wrong but it seems every time I set my curve, identify my trend or change in trend and add my entries, stops and targets the trend seems to immediately do a 180...
I've tried identifying 'W's 'M's double tops double bottoms in addition to flags, triangles, etc.
Anyone have any suggestions what I can refer to help with this?
I've tried identifying 'W's 'M's double tops double bottoms in addition to flags, triangles, etc.
Anyone have any suggestions what I can refer to help with this?
Member Since Feb 11, 2020
1 posts
Feb 18, 2020 at 04:51
Hi RBC - In my opinion Indicators are part of a learning curve for traders. Indicators may show different visions on different Time frames. I use them as a general guidance - When a trade decides to go the opposite way - you need to have a secondary strategy - Hedging is part of the tools i use (this depends on what jurisdiction/country your trading from)
Member Since Feb 22, 2011
4862 posts
Feb 18, 2020 at 14:52
RachelBC posted:
I'm not sure what I'm doing wrong but it seems every time I set my curve, identify my trend or change in trend and add my entries, stops and targets the trend seems to immediately do a 180...
I've tried identifying 'W's 'M's double tops double bottoms in addition to flags, triangles, etc.
Anyone have any suggestions what I can refer to help with this?
That is actually good thing.
Just do everyting as always and revert trade direction.
forex_trader_1153031
Member Since Feb 28, 2020
77 posts
Feb 29, 2020 at 07:34
(edited Feb 29, 2020 at 07:35)
RachelBC posted:There must be something you are not doing right then, I take time to identify trends, and this is my best way of being profitable, Trend is mainly the key to successful trading.
I'm not sure what I'm doing wrong but it seems every time I set my curve, identify my trend or change in trend and add my entries, stops and targets the trend seems to immediately do a 180...
I've tried identifying 'W's 'M's double tops double bottoms in addition to flags, triangles, etc.
Anyone have any suggestions what I can refer to help with this?
Apr 18, 2020 at 15:07
I do like humor of other posters but I also like my own entirely and I do understand that everything should go time in time with that matter absolutely. So let's move out with ease on all that topics. How else we could do it? Describe it with some screens.
May 26, 2020 at 18:04
Yeah, unfortunately, that happens sometimes, too. You seem to be doing everything right, but still something goes wrong and you lose a seemingly successful deal. You have to be prepared for that at all times. Yeah, it's unpleasant enough and even a little depressing, but it's trading. You have to always be alert and literally ahead of events. It sounds a little pompous, but you can handle it. Think of it as part of your learning. Mistakes are lessons too, you can learn from them.
Member Since Jan 06, 2020
83 posts
May 26, 2020 at 18:41
RachelBC posted:Just learn how to identify trends using Weekly, Daily, 4Hours,1Hour and 15 Minutes Candles, then you will not be wrong on trend. Also get pivot point plotters to use I dentify Resistance, Pivots and Support Lines, then you are good.
I'm not sure what I'm doing wrong but it seems every time I set my curve, identify my trend or change in trend and add my entries, stops and targets the trend seems to immediately do a 180...
I've tried identifying 'W's 'M's double tops double bottoms in addition to flags, triangles, etc.
Anyone have any suggestions what I can refer to help with this?
Market Direction
Member Since Mar 27, 2018
13 posts
Jun 03, 2020 at 10:41
Look at the trades that worked and compare them with the ones that did a 180. If you find a difference then add that difference to your trading strategy so that you get more winners
Jun 03, 2020 at 16:16
I don't know exactly what the problem with your trading is, but I think you could use a little improvement in your strategy. Usually this shouldn't happen, which means that you miscalculated somewhere in your strategy. Try to recreate it on your demo account and analyze all the mistakes in more detail. Maybe something will work out of it, it is worth trying.
Jun 15, 2020 at 07:03
What is 'Every time'? Is that across a month, a week, or a day? Everyone loses trades. The average result for 1906 different hedgefunds is a loss to date of over 4%.... So don't feel too beat up. The market is against you, you just have more learning to do.
https://portal.barclayhedge.com/cgi-bin/indices/displayHfIndex.cgi?indexCat=Barclay-Hedge-Fund-Indices&indexName=Barclay-Hedge-Fund-Index
https://portal.barclayhedge.com/cgi-bin/indices/displayHfIndex.cgi?indexCat=Barclay-Hedge-Fund-Indices&indexName=Barclay-Hedge-Fund-Index
Jun 18, 2020 at 12:54
In my opinion, you should evaluate your strategy properly and see where the problem is. Once you identify the problem, improve it and test it. Analyzing everything from scratch will help you to find a solution. Try and understand trading strategies in more detail.
Member Since Jul 23, 2020
869 posts
Aug 05, 2021 at 13:37
Is it fixed TP?
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