Yes because even though you dont have both 15 m trixes in favor you have a nice multi-tf divergence there, a nice spread on the 5 m trix and a trix cross near 0 on the 1 and the trade is with the 5m trend and the intermediate trend
Rainbow flips are when the colors reverse from warm to cold or vice versa and are in the right order again. The oriiginal rainbow just had layers of color that didnt change from warm to cold so a flip also means when the layers are in order. Also the original rainbow only had 1 tf on it. This one has two - part of the layers from the 5m and all of the layers from the 1m which replace the missing layers from the 5 m so that you can see what is the trend in both those tfs. Fresh flips mean recent with respect to the tf - i.e on the 1 min not one that happened a few hours ago. You can still trade 15 5 1 signals if the flips are not fresh but you will usually get better trades if all the flips (rainbows and trixes) are relatively fresh. The reason is that when this happens price is breaking out of consolidation and you can get a longer run if you are letting an addition lot or lots run.
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Rainbow flips are when the colors reverse from warm to cold or vice versa and are in the right order again. The oriiginal rainbow just had layers of color that didnt change from warm to cold so a flip also means when the layers are in order. Also the original rainbow only had 1 tf on it. This one has two - part of the layers from the 5m and all of the layers from the 1m which replace the missing layers from the 5 m so that you can see what is the trend in both those tfs. Fresh flips mean recent with respect to the tf - i.e on the 1 min not one that happened a few hours ago. You can still trade 15 5 1 signals if the flips are not fresh but you will usually get better trades if all the flips (rainbows and trixes) are relatively fresh. The reason is that when this happens price is breaking out of consolidation and you can get a longer run if you are letting an addition lot or lots run.
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DislikedDear MissPip,
Do you think its a good buy entry at 6:30? (if dont consider the distance to 1.3500)
In your #21951 post, what does "Fresh flips both rainbows" mean?
-what I can see is just the "cold color" rainbow expand. do you mean from the left the rainbow colors change in this sequence: warm->cold->warm then cold again, is this called a flip?
Thank you and have a nice weekend!
HomerIgnored