DislikedJust read the entire thread, and its great info! The more people that post and share examples the more we can all learn and fine tune for ourselves. Questions- 1. What is a goond indi that can help minimize bad trades? I see people posting RSI, Divergence, fibo retrace and a CCI 50 or 9, and 200MA with a 5MA. Can anyone clear this up on a " how to use" them correctly? 2. Some people posted about Pivots, is there indi that will do it for you in a clear manner? 3. When drawing the trendline on a higher time frame, like the day to the hour to the...Ignored
1-) it depends on you. but, indicators can also cause to minimize good trades as well, be aware of that. i think using no indicator or mixing some indicators best way. i prefer no indicator.
2-) no idea
3-) i dont adjust. if i draw trendline on 4h chart, i enter trades only by looking 4h chart. otherwise it will be confused. but this may also depending on you. you have to experience best-worst ways.
this was one of the easiest trade. i know talking about past charts is easy, but chance of these types of trades are very high always... trendline break+ re-test that line again.