@nick533a this is how my usdchf 4hr chart looks like
Screenshot by Lightshot
i enter on 5m or 15, sometimes even on 1hr, depends, but i always do a top down aproach analysis, meaning i start with weekly, daily, support, resistance, trendlines, a general direction if any, then drop down to 4hr and 1hr and do same. but i want intraday action cos i ain t got patience for swing trading, unless i manage to make an intraday scalp turn into a swing trade meaning i take m profits, set BE and let rest run if i think there s potential. i use volume spread analysis to enter trades or analise but i keep into account previous day high and low, daily, weekly, monthly pivots, round numbers and have 2 emas on my chart (mostly for support and resist and tests). i use the fibs to create a battle zone( say i expect price to move lower, then i ll wait for the retrace to 50%>61.8% fib and look for an entry there etc). if my bias and analysis is corect then i have a nice trade and my stop is set above or bellow the 618 fib for example, and i always go for atleast twice my risk, and ussually i take some profit off and set BE as soon as possible, let s say at 1 to 1.i m telling u this just to give u an idea on how u could try and have a beter entry, with a tigher stop and a nice RR. there are ofc more ways, but do not ever risk more to make less, just cos u don t want to admit u are wrong and the market is right!!!
Screenshot by Lightshot
so u entered around there and took 60 pips of DD for about a week, that s insane specially cos it broke out of that 1hr range and retrace to it and was showing signs it might go higher, u should have cut ur losses there and then. ofc this is hindsight for me right now and all this is different when it s happening live, but without even looking at volume, just draw simple support and resistance, and a simple trendline, and u can also trade succesfully based on that. u knew is top of ur channell, right? u see it ranging? having support drawn and that trendline, u wait, and if and when that support is broken and ur trendline u can enter on the break or switch to a lower timeframe, wait for a pullback yp that support or the respective trendline, and if it rejects u go short with a stop few pips above accounting also for the spread. this is just a simple example but do urself a favor and try what i said on demo or whatever, simple support and resustance, trendlines and buy the dips in an uptrend and when the TL breaks look only for retests and short etc… and u ll be amased of the results, same with ranges etc. hope this helps and if u got anymore questions feel freee to ask, happy to help if i can ofc.