Here's an example of how the techniques keeps us from big losses..
The H4 engulf happened last week on Brent Oil.
We switched to m15 for our entry and at worst took a very small loss.
As a rule though if h4 closes against the trade before m15 gives a signal I consider the trade invalidated.
The H4 engulf happened last week on Brent Oil.
We switched to m15 for our entry and at worst took a very small loss.
As a rule though if h4 closes against the trade before m15 gives a signal I consider the trade invalidated.
tradewith60