trade with sigma trader

Good aft @glo you can use the trade history feature to mark where you entered & exited the trade on the charts. Just right-click on the charts and select "show trade history"

went short today on EUR USD after observing a good downward trend and a strong doji indicator

Nice one, you should only exit a trade when you see a reversal candlestick pattern. By doing this you can hold the trade for longer for more profit. You can always adjust your stop loss to secure profit as price moves in your favor. You can always switch to a lower time frame (like 5 minute) to look out for the reversal candle stick pattern. I see you have activated the trading history, that's great!

went short today and made a small profit

@glo nice one but what was the reason for your going short, as in what candlestick pattern did you see that warranted your shorting the market?

see these patterns,

So, you should always wait for the market to act, then you react; meaning you must always see a sign (candlestick pattern) that prompts you to enter the market.

you should also put a stop loss on every trade you make, its just good risk management. the market can suddenly reverse direction, so the stop loss is what stands between your entire account balance being wiped out and you still having some money to enter another trade of the current one goes bad.

I see you are using a demo account that's why you are not inserting a stop loss but when trading with real money, not using a stop loss can result in you blowing your account.

Went bullish after spotting a hammer indicating a bullish reversal and waited for 10 minutes for the market to run and took profit then used fibonnaci to get a little more profit and then pulled out of the trade

Nice one, at least you held the trade for longer this time. I have attached my analysis of what i would have done if i were in your shoes. The double stop pattern leads to a downtrend and indecision has a 50/50 chance of trend reversal

@glo you also need to know how to mark out the different forex sessions on your chart. Your location is Kenya so on TradingView you will need to set your timezone to UTC +3

this is insightful

this is my 1 hour time frame with period separators

So this is a 1-hour chart showing the Asian session from 12 AM till 5 AM. Each candle represents 1- hour of time. The red candles are bearish and the green are bullish. You can see that the Asian session was in itself a bearish session because there are more red candles in the session

I see the important of marking sessions and how to use them to determine trends in a session.I made an entry in the Newyork session and at the point of my entry the trend I am observing was bullish.

In this image, I have marked out the Frankfurt Session and London Session

I have also marked out the New York session here

You will notice that the London & New York sessions coincide from 2 PM till 5 PM and this is a great time to trade forex pairs that contain the USD and it is also a great time to trade gold (XAU/USD)