Disliked{quote} Try questioning yourself these below about that H1 trade setup: When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last reversal... big, little, what How does the momentum look right now (12-2, 4-6) Does Stoch's confirm the TDI signal Sounds like a lot of stuff but it's basic stuff and only takes a moment...Ignored
Yeah, I have. Have the pdf printed off with all eelfranz's comments in and examples. Time and time again he shows similar sorts of setups to what I have traded. Basically is mantra is keep it simple, don't over think, if there is a signal and Price action is supportive then pull the trigger. I did.
If you zoom out and look at the charts on the H1 and H4 what is happening? - they are both moving into resistance - the prior highs. Clear on both charts. Eelfranz has also commented on numerous times he loves shorting at the 68 level if things stack up. He says that it is so reliable. Well my question is please point to what is NOT stacking up? I've outlined my case for the trade; price action does seem to be supportive, bars are not small and opening up, we are not consolidating or in a tight range, angle of green line is good, we have a cross over, we are close to a recent high which should offer resistance and a good place for a SL.
Odds seem very much in favour at the time. What would be your reason for not?
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***