/biz/ - Business & Finance

>>23060206
I have. I avoid trading specific patterns because I find that they only work on fast intraday timeframes (e.g. 1-2m max) and are only really relevant for scalping. At higher timeframes (I like using 1d/1h for general trend, 15m for trade timeframe, 5m for entry), which direction they go is just random.
Maybe I should post a few trades I did, my rationale for entering, my rationale for why it went wrong, and you can give me some pointers.
Here's one for starters:
This is nakd this morning. Vertical bars are entry and exit, horizontal bold bars are the corresponding price (adjusted for commissions, my entry is actually closer to the fibo line but the exit somehow isn't commission-adjusted -- thanks ibkr). I expected a bounce off the 61.8% level to new highs (which happened), but judging on the volume, did not expect that we'd go back down before ~0.126 at least, and I saw hitting 0.14 as distinctly possible. Instead of babysitting trades i just let them run.
Was there something wrong at the entrypoint? Except for the lack of reversal on momentum from the fast stoch, everything seemed to check out.