Here is the second trade I lost. Yes, It was in the same plan area as the first loss, but price came back down into the lower plan area. Again, I waited for a strong structure shift and value gap. This one was around the 50% threshold with a stop loss below the threshold (using the FIB tool.) Again, took the loss. Do you see anything I can improve upon? Thank you!

I am starting to practice trading. First trade I won, then lost three in a row so I want to make sure I am setting things up correctly. I will post the second trade separately. In this first one, looking at the one hour timeframe (attached) after review plans for the day and setting overnight low and creating new bearish value gap, we started day in a previous day four hour and 1 hour plan area. Dropped into one minute timeframe and waited for a strong structure shift and value gap. Marked value gap, which was below the 50% threshold and created entry with tight stop loss at the base of the first candle in the value gap sequence...lost the trade. Did I set this up correctly? Should have I waited for a better premium value gap? Thanks for your feedback.

Practicing creating plan areas and value gap. Moved to the next day, the overnight low is lower than the previous day low, but price did not close below a value gap. There is no value gap in the 4 hour or daily chart below that overnight low. I am confused as to whether or not to move the low down to the overnight low, leave the previous day low and create a new one at the overnight low since price did not close below the value gap and there is no value gap below the overnight low. Since price did not close below the value gap, I know I wouldn't get rid of the value gap area. I hope this makes sense what i'm asking. LOL I attached a screenshot to visually show what i'm talking about

Started practicing setting up highs and lows plus value gaps on the daily, 4 hour, and 1 hour timeframes. Looking for feedback to see if im on track, and if I missed any potential highs/lows, and gaps. Thank you

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