DislikedHi RM,
You're Quite Welcome
M15 Candles Are Reliable, That's Why Some Traders, Like DD, When Trading Only M15 TF, Are Successful. But I Like To Have a Look At Higher TFs Too.
I'm Not Going To Answer Your Question, Because I Want You To Find It Out Yourself. It's Much More Easier For Me To Answer Or At Least Tell You My Opinion On This, And It Will Be Easier For You Too. But It Wouldn't Be Effective Unless You Work On This Particular Subject Yourself. So I Want You To Do These Steps And Then Tell Me The Result. I Myself Was Working On This...Ignored
BASBER!
Many, Many thanks for this task, it gives me a lot to study. I can do this for maybe 6-8 hours a day on most days.
I am still trying to get my mind around the task but, have just printed out the H4 tf, and it looks like the trend is up. LoL
It may be easier to do this on the computer as the time is not exact when printed out, and putting a ruler over a candle does not show the time precisely, unlike using the hair tool in mt4. However, I will try to use print outs.
Once again many thanks.
PS: This probably has NOTHING to do with this exercise however, the first 10 min observation of these charts seems to show many hammers forming at the time 00:00 on my charts.
Starting to see instead of just looking.