Disliked{quote} Hi aaven, My DCs are not defined based on retracement percentages. I simply wait until I see a CONTRARY Tidane Trend signal on a lower timeframe. Example: A Sell basket on the H4. A valid DC for me would be a Buy signal on the m15/H1 depending on what I perceive is ongoing in the market. Once I get a Buy signal, I BEGIN to look for reasons (on the m15/H1) to re-enter a Sell trade in the direction of the prevailing Sell basket (on the H4). I hope this is not confusing. What informs my entering a Sell position? 1. Fundamentals: Like today...Ignored
Potential DCs plotted on the C14 H1
Same lines plotted on the C14 m15
*Study these charts (if you want), look at them...until you get it.
Regards and Stay fluid,
Ty
My job: I speculate and manage risk.
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