Disliked{quote} Summarised safety checklist 1. Dominant trend: Not bullish 2. Avoid S/R obstructions:No,there is a resistance level right above the entry 3. Enter when price is close to the EMAs: Partly 4. Avoid long/explosive bars: YES 5. Avoid trading into price extremes: No, not actually, see monthly 6. Beware of "old" trends: Yes,on H4, but ... This wasn't my best trading performance!Ignored
So I thought of looking more closely at what a mistake would look like and what a good crossover would look like.
Here is the first H4 crossover after a downtrend. The daily chart chart shows where that crossover took place - it was in a downtrend because the dominant trend had still not started turning. Now scroll down.
In this next example the first H4 crossover had already taken place to the left of screen and it would have been a mistake to enter then. These four crossovers took place later, AFTER the daily trend had turned. So now we know. Simple really , and yet we keep making mistakes (or I do). Why?