Disliked{quote} edit...apologies...i posted this before i read the part about the using a smaller time frame. I usually only go to the H1 now, that's about as low as I can go. I don't have the time or a strong heart to watch the M5 anymore. My chart attachment shows the same move from the M5 and H1...I know i prefer to watch the H1/h4/daily now. That is just me and my style. The answer is in your charts. 1st green arrow..aggressive If you are an aggressive trader, you would have sold after that long red candle and break below zero on the macd. 2nd green...Ignored
I was told a break below or above the zero MACD level is not a signal.
I trade 4 pairs down form 8 to 5 and now 4. I have this question posted before. My problem, the trade comes so quickly that I don't see it coming or whether the move would continue. Sometimes, it moves so quickly that I cannot catch it on the 1hr TF. And I am not certain I could do it on shorter than 1hr TF. Please See post 27,620 I have a rather long descriptions of this issue I have been facing and asking for some time, if you remember in my previous posts.