Chart analysis

10 янв. 2021 г.

Currently working on being self-sufficient and trying to call out my own trades. This would of end up being a losing trade had it been real-time, but that is all part of the process. I included the questions I should ask myself before and after the trade. I was unable to look at the 15min, but I don't think I needed it. 15min doesn't work well with currency pairs in my opinion. The current goal is to obtain a sound mind, I overthink when analyzing my charts, trying to see things that aren't there and missing things that are. I'll like to believe it is as simple as just looking at what on the charts and there the answer. No what-ifs, no buts, no possibility. My markups are good, this trade I have mistaken my trendline for my support and got in for a sell. I had a trendline drawn up and knew that if went and touch my trendline and close underneath, I could enter. Now, I'm not so sure. What if I was just lucky, that wasn't my line for support. There is the what-if again. One thing for certain, I could not answer all of my pre-trades questions, the price was not an S&R. So technically, I should never have taken the trade. That comforting to know. To prevent this, I will be changing either the color or style of my trend lines and patiently wait for the price to come to me at S&R. I also learn market structure recently, currently trying to implement it into my analysis.

Just a beginner, learning how to trade.