DislikedI thought that you considered the signal invalid if no confirmation by the close of the next H4 candle. In your first post, you say that you consult the Daily and weekly charts for trend. IMO, both show an uptrend. So I don't understand how you saw this as a good trade.Ignored
The m15 set up had already happened so I was already in the trade BEFORE the h4 closed against me. When the h4 closed I then had an option to bail for break even, I decided in this instance to stick with my trade. (I should mention too, my charts open at 10pm sunday, and my h4 closes at 11pm, so that first green h4 candle i ignore, its only actually a 1 hour candle... )
Daily and weekly are in an uptrend, but I never say I will only take trend trades. I trade trend and countertrend but manage my targets slightly differently.
Daily on Friday was an engulf short, which means we will go to a weekly s/r... thats what made it a good trade.
tradewith60