five years later (the previous 5), still struggling!

I agree that you should pick one shorter time frame chart and one longer term chart for support / resistance and that's it.

It really sounds like you are overtrading in a big way. I had 2 trades all morning!
 
Quote from Shagi:

It's easier if you pick one time frame unless you know well how to use mutiple time frames and it's an inherent part of your strategy. Mutiple approach may not add any value to your analysis and decesions. It will just add confusion.

e.g. a 2 min down trend might just be a 5min uptrend pullback in a15min consolidation in a 1hr uptrend and 4hr directioneless trend in Daily uptrend.

e.g. Novices are taught go only in direction of longer time frame. He takes on the trade based on 4 hr trend analysis but puts in a stop suitable for a 2min trend and gets blown out of the water even though he was right about long term direction. There are many puzzles there to resove just an example.
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I'm definitely going to do just that. Stick to 5 minutes only. In a down day like today. I get killed at every pivot of every time frame. There was a reversal in the 5 minutes and trend down how can I expect the market to go up FROM THERE? I was misled by the 15 minutes, but then even that one was down. I think I'm too biased to the long side.
 
Quote from momoNY:

I'm definitely going to do just that. Stick to 5 minutes only. In a down day like today. I get killed at every pivot of every time frame. There was a reversal in the 5 minutes and trend down how can I expect the market to go up FROM THERE? I was misled by the 15 minutes, but then even that one was down. I think I'm too biased to the long side.
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I need to stop trading! another huge mistake
Long 20 out 18.75 So fat down $955.
 
Seriously WHY are you long, cut it out!!!

Now we have had a solid two waves down, so if you are going to continue to hammer away at a long, now is your best shot.
 
Quote from bigsnack:

Seriously WHY are you long, cut it out!!!

Now we have had a solid two waves down, so if you are going to continue to hammer away at a long, now is your best shot.
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That's what I'm saying, I don't know! long again 1315.75 out 1315.25.
At the reversal on the 5 minutes I went short 1323.25 and closed it.
Lunch and breath.
 
Quote from momoNY:

That's what I'm saying, I don't know! long again 1315.75 out 1315.25.
At the reversal on the 5 minutes I went short 1323.25 and closed it.
Lunch and breath.
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That's what I'm saying, I don't know! long again 1315.75 out 1315.25..................................


dude, just stop. go demo while you waddle through the marshes. Its almost painful to read these posts.

Demo may save you. Your current mental setup and trading setup is sinking you.

Ef
 
Quote from Eddiefl:

That's what I'm saying, I don't know! long again 1315.75 out 1315.25..................................


dude, just stop. go demo while you waddle through the marshes. Its almost painful to read these posts.

Demo may save you. Your current mental setup and trading setup is sinking you.

Ef
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Yeah, it's kinda like one of those horrible car wrecks, where you don't want to look but you can't help yourself.
 
Quote from bigsnack:

Yeah, it's kinda like one of those horrible car wrecks, where you don't want to look but you can't help yourself.
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so true, prob cuz lots of us have been there at one point or another. Maybe not to this degree.

At one poing we listened to others, maybe this OP will too,

EF
 
Quote from Eddiefl:

so true, prob cuz lots of us have been there at one point or another. Maybe not to this degree.

At one poing we listened to others, maybe this OP will too,

EF
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of course we have all been there me more than a dozen times ten! it's all part of discipline and this guy has none so far. m
 
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