Thanks, Doblece. It's great to know that the confirmation works inversely.
Just to clarify:
1) So you look for trend change (trix cross, etc.) on M15, and then use M5 for entry?
2) When do you look at H4? Any use for H4 and Daily TF?
Thank you!
Just to clarify:
1) So you look for trend change (trix cross, etc.) on M15, and then use M5 for entry?
2) When do you look at H4? Any use for H4 and Daily TF?
Thank you!
DislikedIndeed, for a longer trade, a higher timeframe is better.
However, it also needs much wider stops.
This system fits any trading style, scalping, intraday or longer term trading, that's the beauty of THV3!!
The confirmation works inversely: you trade on a timeframe (example M15) and you would confirm the entry on a LOWER timeframe = M5 in this case (for a more precise placement of the entry). Then you can extend the trade by looking at a higher timeframe, for example H1 (or even M30) to see if it is still trending and avoid that the small...Ignored