Thanks for the long explanation Tread. Its a good eye opener.
I currently trade the one minute on breakouts and pullbacks. So one thing i trained myself to do is to monitor price action and know how the pairs move. I currently only trade EJ, EU and GU. I think that understanding and watching PA can push this THV system even further by looking for HH and HL for a decent buy and vice versa. When there are conflicting signals causing a triangle or reverse triangle then take the trade with caution.
Will monitor this closely this week.
I currently trade the one minute on breakouts and pullbacks. So one thing i trained myself to do is to monitor price action and know how the pairs move. I currently only trade EJ, EU and GU. I think that understanding and watching PA can push this THV system even further by looking for HH and HL for a decent buy and vice versa. When there are conflicting signals causing a triangle or reverse triangle then take the trade with caution.
Will monitor this closely this week.
DislikedI trade of the M1
so
All Trix (M1, M5, M15) are heading in the same direction (ideally all freshly crossed in this order M1,M5,M15
Check the Direction of the overall trend is in the direction of the trade, depending on action this may be of the H1 or H4
Check for Price cross on the Ichi (M1, M5 and M15)
Also Check for Coral on M1 and M5
Check ADX:-
M1 - ADX > 25 and +DI for long >25 or...Ignored
The Kamakazi