I can suggest another too that may be useful. It is for trend classification.
If you play with the settings it may also indicate the momentum.
If you play with the settings it may also indicate the momentum.
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DislikedWhat IS your entry point change nothing. If the RR is good take the trade, no matter what is your technic to enter.
For me what's important is a good AND TECHNICAL stop, a good AND TECHNCICAL TP, and A GOOD RRIgnored
DislikedAs always thanks BoubaFX. I'm still trying to find my way and style.
I'm trying a modified approach (still tweaking). I look at the 15 min and base decisions off it. Then I hone in on action on the 5 min time frame. The way I saw the trade is that there was still strong downward momentum and trend. It passes through the 1st blue rectangle supply area and held the yellow for a brief time on the 15 min. Because of the momentum I thought the next wave would have similar movement. On the 5 min I saw a halt to the down side and also some selling pressure...Ignored
DislikedHello guys, hope all of you trading well today.
Here's my recent trade.
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DislikedGreat Buma.
When i look the H1, i like the point you buy.
On the M5, i would not have take the entry here
Do you buy in considering the H1 chart or the M5?Ignored
DislikedLook the charts my friend. Look always to the left.
maybe the trade will go to the stop, maybe to the TP3, nobody knows.
Look for technical TP and so look how is the RRIgnored
DislikedSimply, good trade .
I give you my thought on the UC. You're right it's simplier bcs it's insight, but look the chartIgnored