Hi Steve,
That's really interesting. I will have lots of charts to look this holiday weekend. I'm thinking once a daily candle has been identified, then go down to the 4hr chart and play a candle formation that lines up with the daily chart. You could always go down 2 time frames, but on the 60' chart I miss too many candles. For me the psychology aspect would require developing my own rules with entries, exits, and trailing methods. I really like the idea.
Thanks again
That's really interesting. I will have lots of charts to look this holiday weekend. I'm thinking once a daily candle has been identified, then go down to the 4hr chart and play a candle formation that lines up with the daily chart. You could always go down 2 time frames, but on the 60' chart I miss too many candles. For me the psychology aspect would require developing my own rules with entries, exits, and trailing methods. I really like the idea.
Thanks again