Bad luck or coincidence?

Beginner Questions
1

Hi everyone. I have been practice trading with Oanda for about 5 months.

I know the market is volatile and can/will change in almost a heartbeat.

My question is, I watch the movement of a currency pair for quite a while. I make ‘sure’ it appears to have been in slow, steady trend upward for at least 2 hours. It seems when I place a trade the trend ends almost immediately and the currency falls. It may not fall much but it drops me out of the money.

I can’t see anything except this being just plain bad lick. BUT, being relatively new to Forex trading is there something I am overlooking or doing wrong?

Also I use a Parabolic SAR and an MACD indicator to help ‘verify’ what I see as a trend.

Any help or suggestions will be greatly appreciated.

Respectfully,

TimP

2

Well this is normal. The market doesn’t move not stop in one direction. Not even in the strongest trends!

You should look to enter either in a retracement or in a strong momentous (after good news maybe)

But most of the time the market is in a range. So it would be also good to identify the range extremes and try to fade them.

Hope it helps. Ciao.

3

It feels like you have no idea of what you are doing.

4

Hey TimP,
Have you gone through the babypips school? It appears that you are taking trades too late.
Take more time to study and you will get better.

Grix

5

Confirmation = Late if you TF is under 4 hours

6

I would like to second (or third) that it sounds like you’re entering your trades far too late. When you trend trade, you wait for the price to pull back and show that it is ready to resume the favorable movement. As has already been stated; price never moves in a purely up or down fashion. It breathes but will continue to move in a general direction if in trend.

7

One thing you will notice and many other people will notice too, is that if you follow the HOUR4 charts, there will always be some kind of irregular movement of the candle around about 5-10 minutes before the next candle opens. So if you have a massive bullish candle with not much of a wick, come 6pm when the next candle opens, a few minutes before you’ll see price fall slightly, usually anything from 5-10 pips or more. If you can predict this exact movement you can scalp before the next candle opens. I don’t trade this way but this is somethign which i notice all the time.

8

Many times we face same situations as we open trade when it is near to end ,it turns towards back aaa we face loss. it is not bad luck all the time . It means we can not analayze market movement . W have to over come this weakness enter in market between the trends.