Disliked{quote} Could you also tell me what your experience says about this theoretical scenario: If we trade a volatile pair, like GJ. DDS W1 and MN1 are both high in the 90 area and D1 is down low around 10. We find a good entry on lower tfs to drive D1 back long to W1 and MN1, but for whatever reason D1 says low, price moves further down and we scale into the reversale (building more positions) back long. How much pips drawdown can we expect from the first entry (assumed first entry was a good one) or is my whole scenario non-sense and an estimate for...Ignored
Lately I have noticed (left on the chart) that if the smaller TF is in order with the next 2 larger TF's , we get better results. The daily is above the weekly, and the weekly is above the Monthly, and it helps when they are all climbing or dropping together.
(On the right ) The day drops through the Month, but the week is still above the month. Price comes down. Not till the Week drops below the Month does another drop in price start, because the world is sitting on their hands not knowing if the daily is coming back up. There are many correlations like this.
The small TF drives the price, study how they stack on top of each other and their direction and keep an eye on the RSI - positive or negative.
In the red area the TF's are out of sync, and to the left of the area they are also.
To the far right they get back into sync, but kinda slow the change is made, and that gives the H4 some time to pull the daily up of the floor.
The More You Learn, The More You Earn.....
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