Disliked{quote} I see how the DDS is compressed at the top and a drop tends to happen at some point when compressed like this. My question is 2 part: 1. Don't anticipate the drop, wait for it and then place orders correct ? 2. Is it possible that the D1, H4 and RSIOMA continue to stay up there and we can buy H1 DDS drops as a rubber band trade as long as the RSIOMA doesn't drop too much (below 60-70ish) with the H! DDS ?Ignored
Your correct , the drop my not happen right away, the higher TF's do stay up there longer.
Keep your sell stops 20 to 30 pips away , something you will make your own on each pair.
use small positions so you have more gun powder if it does continue up a bit longer.
Maybe practice with one position until you get comfortable with it.
If the h1 does make it to the bottom , yes rubber band trade it long again.
The H1 normally take 12 to 20 hours to move across the screen, so you can sleep or be at work or....................
yes on the RSioma, you would have to wait for the RSIoma to cross long again to confirm the rubber band trade long again.
And the M15 is dropping while the M30 is climbing as shown in the Alien DDS dashboard - this could be the start of the reversal but watch for the change in the M30 or H1 to drop first. The Green squares tell you that the TF's are moving less than 1% each time period.
The More You Learn, The More You Earn.....
2