DislikedHi Dadas, Its real nice that your new indicator can highlight the PTECZ candle. Have been practicing on the CHFJPY chart, but it all seems to depend on the TF. Using 30M PTECZ the breakout has already ocurred on the 5M chart. There has even been pullback to the CZ for short entry. {image} {image}Ignored
Guys, I am writing about this all the time.
What is your strategy?
If you do not know what you are trading, you will never know when to enter.
Are you trading the D1 trends?
Are you trading the H4 trends?
Are you trading the H1 trends?
Are you trading the M30 trends?
Are you trading the M15 trends?
Are you trading the M5 trends?
Are you trading the M1 trends - scalping?
Of course it depends on the Tf.
There are trends everywhere, on every Tf.
The higher the Tf, the larger the trend.
If you can not decide which trends you want to trade, you will never know.
If you want to take 20 - 80 or more Pips, you will not enter Short for 10 Pips.
There is Trend, and there is retrace, always.
If the retrace is good enough for you, take it.
On GOLD Trends can be thousands of Pips.
Retraces can be 300 - 500 Pips long.
Both are well worth taking.
On EURUSD Trends are much shorter, retraces, too.
Sometimes the Trend goes wild.
Then, retraces get bigger, too.
You must understand the workings of the Candle from the largest one to the smallest one.
What is the MN Candle built of.
What is the W1 Candle built of.
What is the D1 Candle built of.
What is the H4 Candle built of.
What is the H1 Candle built of.
What is the M30 Candle built of.
What is the M15 Candle built of.
What is the M5 Candle built of.
What is the M1 Candle built of.
I am posting and showing this.
Understand, you will get it.
Then, be consistent - trade your strategy only!
Trade the facts, not opinions.