📝 Tutorial Description:
Today I flipped long after catching a clean short from 3,434.
The idea made sense: liquidity sweep, OB reaction, bullish BOS on 5m.
But the entry? Too early. Overleveraged. No HTF confirmation.
Ended up staring at a –£25,605 drawdown 😬
⸻
🔍 What Went Wrong:
• 🧠 Good Idea, Bad Timing:
Price did sweep lows and show signs of a reversal…
…but NY volume hadn’t kicked in yet, and the 5m BOS wasn’t locked in.
• 📉 No Higher Timeframe Confluence:
I didn’t wait for structure to shift on the 15m or 1H — just jumped in on a 5m bounce.
• 💥 Position Size WAY too heavy:
Even with a valid idea, risking £25k on one trade = recipe for disaster. I broke my own risk rules.
⸻
🎯 What I Learned:
1. Wait for full confirmation — not just a reaction wick
2. Scale in small first, add on confirmation
3. Stick to my risk % — don’t size up because I “feel confident”
⸻
🔖 Tags:
#XAUUSD #TradingMistake #SmartMoneyConcepts #Overleveraged #Drawdown #TradingLessons #5mTrap #EmotionalDiscipline
⸻
💬 Closing Note:
Flipping early isn’t the crime — flipping with no plan and too much size is.
This was a humbling one. Sharing so someone else doesn’t repeat it.
Today I flipped long after catching a clean short from 3,434.
The idea made sense: liquidity sweep, OB reaction, bullish BOS on 5m.
But the entry? Too early. Overleveraged. No HTF confirmation.
Ended up staring at a –£25,605 drawdown 😬
⸻
🔍 What Went Wrong:
• 🧠 Good Idea, Bad Timing:
Price did sweep lows and show signs of a reversal…
…but NY volume hadn’t kicked in yet, and the 5m BOS wasn’t locked in.
• 📉 No Higher Timeframe Confluence:
I didn’t wait for structure to shift on the 15m or 1H — just jumped in on a 5m bounce.
• 💥 Position Size WAY too heavy:
Even with a valid idea, risking £25k on one trade = recipe for disaster. I broke my own risk rules.
⸻
🎯 What I Learned:
1. Wait for full confirmation — not just a reaction wick
2. Scale in small first, add on confirmation
3. Stick to my risk % — don’t size up because I “feel confident”
⸻
🔖 Tags:
#XAUUSD #TradingMistake #SmartMoneyConcepts #Overleveraged #Drawdown #TradingLessons #5mTrap #EmotionalDiscipline
⸻
💬 Closing Note:
Flipping early isn’t the crime — flipping with no plan and too much size is.
This was a humbling one. Sharing so someone else doesn’t repeat it.
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.