I only use 3 timeframes. M 4hr and 15 mins
Use round psychological levels along with structure.
M 4hr time frames are bearish hence entering on 15 min engulfing candle at 4hr AOI
Use round psychological levels along with structure.
M 4hr time frames are bearish hence entering on 15 min engulfing candle at 4hr AOI
Comment:
Notice my Moving averages 8 & 14 did not cross yet neither did I get a lower high so the entry was aggressive I guess. If you are more conservative you can definitely wait for more confirmation. I dont use Stoch anymore but pretty cool that the lines on it crossed as well adding more confluence to my entry.