XRP/USD -Learnig from Mistakes and Refining Entries (30M TF)
In trading, losses are just as important as wins when it comes to learning and improving.
Here's a breakdown of a recent setup I analyzed on XRP/USD that didn't play out as planned-and how I refined my approach to get it right.
What Went Wrong (Bottom Chart):
=I initially identified a break of Major Higher Low (HL) with a strong volume candle.
=I assumed this would lead to bearish momentum toward my target, but price failed to deliver.
=The issue? I overlooked key liquidity points and entered permaturely without a proper confirmation of intent.
What Worked (Top Chart):
=After reviewing the chart, I spotted the correct setup: a proper HL break, which swept Buy-Side Liquidity (BSL) / (IDM).
=Price tapped into a well-defined supply zone (order block) after taking liquidity, signaling a high-probability reversal.
=This approch aligned with the market structure and led to TP being smashed.
Key Takeaways:
1. Watch for liquidity sweeps and inducements before committing to a trade.
2. Confirm intent by combining structure breaks (CHoCH) with zones of interest like supply/demand zones.
3. Review losses thoroughly-they often hold the key to improving your entries and view.
Let me know your thoughts, or feel free to share your experiences below. Always learning, always evolving!
Here's a breakdown of a recent setup I analyzed on XRP/USD that didn't play out as planned-and how I refined my approach to get it right.
What Went Wrong (Bottom Chart):
=I initially identified a break of Major Higher Low (HL) with a strong volume candle.
=I assumed this would lead to bearish momentum toward my target, but price failed to deliver.
=The issue? I overlooked key liquidity points and entered permaturely without a proper confirmation of intent.
What Worked (Top Chart):
=After reviewing the chart, I spotted the correct setup: a proper HL break, which swept Buy-Side Liquidity (BSL) / (IDM).
=Price tapped into a well-defined supply zone (order block) after taking liquidity, signaling a high-probability reversal.
=This approch aligned with the market structure and led to TP being smashed.
Key Takeaways:
1. Watch for liquidity sweeps and inducements before committing to a trade.
2. Confirm intent by combining structure breaks (CHoCH) with zones of interest like supply/demand zones.
3. Review losses thoroughly-they often hold the key to improving your entries and view.
Let me know your thoughts, or feel free to share your experiences below. Always learning, always evolving!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.