My last post was for the purpose of demonstrating the risks of using just one chart to determine the direction of a trade. In this case, there were good looking setups for trades in both directions, and the best looking showed a trade in a direction contrary to the move which started shortly thereafter. If you consistently look for 2 adjacent time frames which show consistent trades or at least one showing a good trade and the other neutral, you have a much higher probability trade.
Is there some problem with the chat room tonight? I could not find it in the list of chat rooms.
Is there some problem with the chat room tonight? I could not find it in the list of chat rooms.