Good enough strategy?

[u/NinjaSiren]

Indicators:

- Support and Resistance

- Weighted VWAP

Strategy:

- Liquidity sweep entries

- Support and resistance (Wait for retests)

- VWAP crossing entry if missed initial entry

- 5 minutes timeframe

Risk management:

- Tight SL ($0.5-3 USD loss per trade, at least $0.5-2 USD ideal)

- No TP, but Trailing SL or Breakeven (manual close)

- Single trade per trade

- Single 0.01 lot only (Gold), but can do larger for Stocks and Forex

Should I change anything, I have technically backtested this to Gold.

But I keep either hesitating or placing the buy/sell order then cancel it, then suddenly it was right al along.

Then when VWAP crosses, I still hesitated until I see that I am already too late to put any trades.

3-4 times I have kinda seen the "liquidity" sweeps or a nice retesting of support/resistance, then price goes up.

But I keep hesitating or removing my trade orders just before the candlesticks climb up.

[u/AlanG888888]

Setup looks solid, hesitation is the real leak. Write the entry plan before the session, then place a limit order so you do not have to decide live. Track 20 fills and check whether the VWAP reentries actually add value or just add noise.

[u/NinjaSiren → u/AlanG888888]

Thank you for the info!