DislikedAnd the dax from 15 minute time frame down ? 1 minute bar to trigger short trade Just thoughts on how I could use ideas here. Comments welcome {image} {image} {image}Ignored
H4/H1 chart - Market traded bear daily candle last Friday. Market barely trade above dol. Very bearish sentiment with the open gap, look for sell trade. Look for h4 target at the bottom, 13151.9. This is the macro analysis for Mondays trading. Keep it simple with little complication.
Your entry method on M1/5 chart is good. Stick to it religiously as a standard trade entry protocol. The "PA" fits in perfectly to the macro analysis.
(Don't make the common mistake of interpreting low tf "PA" for macro analysis. "PA" is for entry purpose only.)
Your sell trade is successful because of the macro analysis of the market. It's important you learn this.
I post this as an example the simple day trading analysis I employ. Cheers.
Edit - For current NY market, look for buy trades on dips below 13200. Be careful because contrarian trades are the most risky. Delay this trade closer to London close.
Trade the value
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