I’m reaching out for help or advice.
As I mentioned in my previous post, I’m new to trading, and my primary focus is on cryptocurrency. I’ve been studying several trading strategies, including Silver Bullet, breakout trading, Fair Value Gap, Supply and Demand order blocks, and methods based on the previous day’s high and low (where one of the lines must be crossed before entering a position, as the opposite line should eventually be reached). However, I’ve found that all of these strategies haven’t worked well for me, and I’m starting to feel frustrated.
I’m particularly interested in intraday trading, so I’ve been focusing on 5-minute and 15-minute charts. In the past, I’ve analyzed the trend on higher timeframes (4-hour or daily charts) to identify key support and resistance levels before applying my strategies. Unfortunately, as I mentioned earlier, these strategies are not producing the results I expected.
Can anyone offer some advice or share their insights?
To be honest, the strategy that has come closest to matching my view of the market is breakout trading. However, I’m still facing difficulties. For example, when a candle breaks above resistance, I’ve noticed that after 1 or 2 candles, the profit is less than 2% before the price returns to a loss.
I’m feeling frustrated and that’s why I’m seeking some guidance or ideas from the community.
Thank you in advance for your help.
Alberto