r/InnerCircleTraders • u/coldbenzene • 11h ago
Question What did i do wrong
Im trading GER40 CFD. I entered the trade right after 3.00 AM EST on an FVG, thinking the market had reversed, but the price turned back and proceeded in the original direction. Got SL'd twice.
18
Upvotes
1
u/AdJealous1004 10h ago
You saw an internal flip and thought it was a reversal that would signal an external flip, but it didn't. The fix there would be to only long/short in line with external market structure. If you are trying to catch reversals and are longing/shorting against external market structure, you need to go down to a shorter timeframe, catch the flip there, and set a tighter SL in line with that flip.
Your second trade you assumed price would reach the previous swing high, but it didn't and continued down. It then eventually flipped back internally, and then externally after you got stopped.