DislikedFor those who like to trade M15 and higher; here is a little technique I have been using for a while that helps maximize trades by keeping DD low, avoiding range areas, providing optimal entry points and maximizing pip gain.
The attached GBP/USD M15 chart from last week illustrates this very well. H1 fast TRIX has signaled 'possible' sell opportunities. Looking at the M15, we see all signals indicate a sell at the close of the 5/15, 3:00 candle. However, rather than enter at the open of the next candle, I prefer to wait until the low of that "signal"...Ignored
Hi BB,
I have a few questions for you. I really like your M15 chart btw.
1) I noticed you have replaced the 4th light (which was H1slow) with the H4 fast. Why is that and what do you use the 4th light for?
2) Are you still checking the H1 TF chart for Fast Trix and Pa being in No-Mans-Land or do you simply follow the color change of the H1fast light on the M15?
3) Do you always make sure that not only you have m30f,m30s,M60f,H30C,M60C in one color as well as the two trix lines on M15 in the same color before you enter a trade?
You would really help me with clarifying this and I would be very grateful to you! Thanks
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