Disliked{quote} What about if you face a huge trend against? Any entry on the wrong side of TMA is a suicide no matter on which banbs are you entering.Ignored
You are correct 100%, which is why I don't trade the Tmatrue.ex. You are talking about those nasty Aggressive Type A Grinds which I will not trade.
I trade the Grind shape after it is developed. I don't look at the ADR but wait for the first pullback to identify which Grind type I am dealing with. Its all about the relationship of density between the current market orders being applied to the market and the density of passive limit orders currently sitting on the market.
So trade only after Grind type has been established.
Aggressive Grind A - No trade
Aggresive Grind B - Trade only Exhaustion after a Target has been hit.
Passive Grind A - 1. Target 2. TMA
Passive Grind B - 1. Target 2. Any Lower low or Higher high plus 5-10 pips
ADR is IRRELEVANT to achieving great profitability, Understanding the Grind Type is the most over riding factor in achieving good profitability for M1 Reversal traders.
In my opinion which may or may not be worth much to some traders.
Trading thin liquidity at the boundary of the charts
10