2. trade logic,
3. entry-stop and target
Those are the daily and weekly pivot points
usually price starts a period by visiting them
What do you think?
1. decide what to do
2. Decide on the area of execution
3. wait for a signal
4. Decide on detailed tatics (entry, SL, target and MM)
If u miss any of them, you will have a problem
If we close this candle red and low, I will then require a level 4 signal to enter
Anyone up for tat please?
sellers or buyers?
The KS is now up
to turn price has to break the last low
So this is a very low risk entry with the trend .. works for me
Once you set your stop, Do not change it during the trading except for a better position
You had a very good reason for its placement and probably a very bad reason for changing it
On M5, the market vibration cycle is about 2 hours
That should shock u if u r a scalper because most scalpers think that they can make their money in 10 minutes and run
1. Price to close above TS
2. Green AO
3. I'd love to see TS go up as well but it is your call
Look at my signal levels to know more
Please if anyone has more questions, let's use the questions log
No this is not gambling with all my respect to your beliefs
the market moves in the same way on all timeframes. What is different is the number of pips you can expect in each cycle and the length of time that it will need to complete one full market vibration.
So here you will learn exactly what you will learn on D1 only faster.
As for your fundamental info, well we are trading technicals here but thank you for contributing
when we trade with bigger lot size and more risk, we should consider everything we can.
So I'm fine with your point except what u said wbout price not moving without news. I have an objection about that ;)
the problem with candles is that people take them as long term signals, they are not. The were originally used to trade periods of 3 to 7 days maybe a bit more.
So I use them as an early signal (and i consider them the weakest of all my signals) provided they are in buying / selling zones and they have momentum
Now, once it flips upward, we can then reconsider entering long again