DislikedLet me jump in even though the question was not directed to me. Rules 1 to 3 are the same. The only one that is optional is rule 4. Since there are many less signals in H4, this rule cannot be made mandatory.
HOWEVER, I recommend waiting for the Heiken Ashi candle to turn red for shorts or Blue for longs before entering the trade. This to make sure that the previous trend is ending before placing the order. No no need to wait for the candle to close. Enter when you see the color change of the candle.Ignored
i'm a little confused now.. if rules 4 can not be mandatory then is this a valid signal on gbpusd? i dont take it because of the wpivot line, or perhaps price is too close to the tma midline?
i know that gbpusd is highly correlated with eurusd and you said it would not be better to go long on this pair.
thanks
Sabrina