Why am I losing money?

[gasanvill]

I agree that additional confirmation is a good idea, and will try using your suggestion of waiting for a break in the high/low of the previous candle. However, do you not feel that lower timeframes give less relaible signals, and are therefore harder for a novice (like me) to benefit from?

Yes lower timeframes give less reliable signals when USED ALONE. IN this case you are going to use lower timframes in the direction of the 4h and 1h trend, to have a better timing. You want to enter when all timframes are in the same direction. So if the big trend (4h) is bearish, then you wait for 1h go down, and then switch down until all timeframes agree and then you can pull the trigger.

[PipMeHappy]

Thanks for the response. Volume is definitely a concept that I see value in, and wish to apply more in my trading. However, I’ve struggled to find in depth and unbiased information on it. Can you recommend a good place to start with this?

Yes…

The thread I mentioned…

Read it