(I will answer all comments and like your answers guys. Please be patient as I have limited time to write everyday. Thnx 
)
Look, Campione.
Iâve seen a blatant pattern in all of your questions, and no disrespect intended. Youâre clearly keen and eager to learn, which can only be a great attribute to have.
However, no matter what people tell you, and no matter what answers you are looking for, they will not help you. The kind of questions you are asking come down to personal experience & knowledge. Not one single person here, or on any other forum can tell you with absolute correctness why a certain trend reverses - regardless of the time frame being studied.
There is a reason why itâs known that when you give a fixed trading system to two different people you will always get different results. Even though the rules seem to be non-negotiable. We are all different, and the trading style that fits you will not fit other people. On the opposite side of the same coin this also applies on your own interpretation of technical analysis (why did price reverse at a given level).
I think it would benefit you to take a step back and learn the basics. Youâre asking questions that are a step ahead of what I think you really know. So, the answers will be counter productive - not an approach I assume anyone would want to take?
Use those books, study them and combine them with real chart time experience. I promise this will enlighten you more than you might be currently considering? Give it a go.
@campione, thanks for providing these additional details.
How did you arrive at this percentage calculation? While we can see the bearish candles you mentioned, we can also see you placed a sell order towards the bottom of a larger downward trending channel. It would have been possible for the price to rise to the top of the channel and for the bearish trend to still be intact.
Your strong response to this loss seems to suggest you may have been risking too much of your money on this trade. Even if you had a 60% chance of making money, that still leaves a 40% chance of losing. Were you risking more than 2% of your account on this trade? If not, you will find your mindset about losses will change dramatically, if you risk only 2% of your account per trade.
You mentioned you lost a few thousand pounds. To risk 4000 pounds on a trade and have it be only 2% of your equity, you would need 200,000 pounds in your account.
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Well, you need to use horizontal & trend line tools for identifying market in the level of support & resistant! There have so many threads in this forum on support/resistant, please try to read all of them! Use Search button of this forum. Best of luck!
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A bullish candle with long tale after a bearish trend is a bullish signal most of the times in such a short-term timeframe.
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Can you add more pictures about this setup? Please try to add a full picture of D1! Iâll try to help on reversal pattern of market! Thank you!
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Solid answer, exactly what i was thinking too.
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By the way the answer you are looking for I doubt anyone of these members would really help you, the same reason why everyoneâs charging a fee for mentoring⌠I know a lot of members see why it reversed on you but theyâre playing the idk game⌠good luck.
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Hiya,
let me give you my insight into what a saw happen with that position based on the system I set up for my own trading. ( I also trade intra-day)
- the daily trend (based on 20 sma) was bullish ( though momentum was bearish based on daily stochastic)
- the 4hrs trend (based on 20 sma) was being tested ( though momentum was bearish based on 4hrs stochastic)
- the major factor i saw was that daily momentum based on stochastic was turning upward at the point when the 4hrs trend was being tested.
I hope this is of any help to you
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Hiya,
Thnx. This is the full pics of D1 in 4 zoom level. Position is in the red circle. I placed the position before the candle shape up exactly.
Thnx
I donât know much about what youâre trading or the details. In terms of candlestick patterns, you seem to have an inverted hanging man candle, followed by a bullish engulfing pattern. Most traders trade with trend such that if they are trading short, they trade on corrections and they enter closer to the average price. After a big move has occurred, and you a experienced trader, you tend to think that the farther you get away from average price, the more likely that things are going to correct. Youâre trading after a pretty big move, so many traders might think of this as chasing price. In other words, when price moves big, a lot of traders are always trying to jump in. They are usually the ones caught in the trap at the end of moves. Someone is trying to get out of their profitable trades who got into this move much earlier, and now those trying to jump in after the move are providing the other side of their trade.
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Hiya,
@PanchoVilla84 I entered on 4rd candle as its bearish after three bear candle.
A3) Timeframe was 5M
A4) I haveissue with accurate s/r drawing matter and need help
A5) " if the s/r and swing low levels are major levels " what do you mean by major level?
Aâ1)is there reason for this formula?
Aâ4) sorr, may plz explain more?
Thnx
Hiya @SystemX
It is a great technique. Thnx. Are the Nial Fuller and Steve Nison have books or its best to read their website? their website are paid service, but are their books available for download?
Thnx
Hiya,
could you explain above, more? do you have any book or reference to study for this? How can I understand this technique you are talking about?
Thnx
Hiya,
Thnx for detailed answer!
"How did you arrive at this percentage calculation? " for each element in my strategy I give a percentage, Its approximate calculations of my strategy factors to enter a trade. But I was wrong, I need to improve and add something to prevent this condition in future, but bow? Maybe adding an indicator? or candlestick pattern check in different time-frame? what time-frame shall I check?
âWere you risking more than 2% of your account on this trade?â I think 2% rule can prevent me from becoming a millionaire.
I lost 4K+ GBP approximately.
What shall I do to prevent this?
Thnx
hiya,
its so nice advise.
thnx
hiya,
thnx for advise.
thnx
hiya,
thnx for advise
thnx
hiya,
" the daily trend (based on 20 sma) was bullish ( though momentum was bearish based on daily stochastic)" do you put SMA(20) and see its bullish in 1D time-frame? How do you read momentum in stoch as bearish? could you send me a picture here or in PM?
âdaily trendâ sorry, what exactly do you mean, 1D time-frame?
âthe major factor i saw was that daily momentum based on stochastic was turning upward at the point when the 4hrs trend was being tested.â do you mean when Iâm placing a position in 5M time-frame, shall I look 4H for momentum and bullish/bearish as well?
Thnx
hiya,
do you have any book about this?
âyou seem to have an inverted hanging man candle, followed by a bullish engulfing patternâ correct! but its D1 time-frame, and Iâm in 5M time-frame that I placed a position. Shall I look higher time-frames? which time-frame, when Iâm doing trade in 5M?
" Most traders trade with trend such that if they are trading short" D1 is uptrent, sorry, why shall I trade short, why not long in D1? or what time-frame do you speaking about?
Do you mean when there is D1 uptrend, I shall not trade short in 5M time-frame? if not,what time-frame shall I look?
âtrade on corrections and they enter closer to the average priceâ do you have a guide or reference or book to learn about this? its interesting.
âAfter a big move has occurred, and you a experienced trader, you tend to think that the farther you get away from average price, the more likely that things are going to correctâ sorry, what is your criteria for average price?
âmore likely that things are going to correctâ do you mean trend get reversed?
"and now those trying to jump in after the move are providing the other side of their trade."
do you mean I shall wait for reversal sign then enter? but then I should be screen-slave for a month time to put a 50pip profit target trade. I like to take all possible positive opportunities that are 80% likely to lead to profit and increase my account size at the moment. I donât know what to do.
Thnx