Evening all.
When the price action shows a possible reversal does anyone look to a smaller t/f for confirmation and entry point?
For instance, When looking at a hangman on the 15m, the following candle will retrace back up the wick before a change of direction, when looking on the 5m t/f the same price action is genrally visible but higher up the wick. Would this not be better for an entry point? Not giving as many pips away.
When the price action shows a possible reversal does anyone look to a smaller t/f for confirmation and entry point?
For instance, When looking at a hangman on the 15m, the following candle will retrace back up the wick before a change of direction, when looking on the 5m t/f the same price action is genrally visible but higher up the wick. Would this not be better for an entry point? Not giving as many pips away.
Flyin' by the seat of my pants.......Talk to me Goose.