WheatUSD Oanda Buying Breakout Trend Continues
Realising my folly from my previous trade, I recognised my faults.
Recap -
1st - I traded with the Higher Time Frame and Entry Time Frame Trends, but I am actually entering on a opposing trend against the Lower Time Frame, and that is why the price never move in my intended direction after hours.
The opposing trend movement is also a sign that price is tanking, and that the Big Boys might not be into this product anymore.
2nd - Trade Breakout Trends was my thang. But I subconsciously/consciously shifted my setups to Trend Following which is to buy high and sell higher. Low winrate, needs to gather a ton of trades before the results show, stressful way to trade. I recognised my fault and now I shifted myself back to Breakout Trends.
I would like to add on also that, I would see this as a price game instead of a time frame game. But I also recognise that 50/60MA on the 15Minutes Time Frame is very powerful, and I called it Duck Hunting and I would be hunting ducks again, on the 15 Minutes Time Frame.
Would I trade on the 4H Time Frame or the Hourly? It's a price game so as long as the price is right, and it aligns with my point 1 and 2, I would.
2019SGT
22052024
Recap -
1st - I traded with the Higher Time Frame and Entry Time Frame Trends, but I am actually entering on a opposing trend against the Lower Time Frame, and that is why the price never move in my intended direction after hours.
The opposing trend movement is also a sign that price is tanking, and that the Big Boys might not be into this product anymore.
2nd - Trade Breakout Trends was my thang. But I subconsciously/consciously shifted my setups to Trend Following which is to buy high and sell higher. Low winrate, needs to gather a ton of trades before the results show, stressful way to trade. I recognised my fault and now I shifted myself back to Breakout Trends.
I would like to add on also that, I would see this as a price game instead of a time frame game. But I also recognise that 50/60MA on the 15Minutes Time Frame is very powerful, and I called it Duck Hunting and I would be hunting ducks again, on the 15 Minutes Time Frame.
Would I trade on the 4H Time Frame or the Hourly? It's a price game so as long as the price is right, and it aligns with my point 1 and 2, I would.
2019SGT
22052024
העסקה בוטלה באופן ידני
Cutting loss. Price went against me and I exited for -0.66R x2
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.