Hello sunshine, thanks for your explanation.. BUT, if the 4hrs closed below its LSH then i will trade against the Wkly bias by entering shorts. (this goes for all the other combo's as well) So, do you mean, we can ignore weekly closed bar, and just trade if condition has met? ( I mean if price close below LSL or above LSH) What i see from charts u gave, we are not only looking for buy signals, but we can do short sell also..
when trading the 4hr signals, i take trades against the Weekly Bias but i never forget that bias because it is still very much valid until cancelled by a new Wkly close.
by this i mean that should Wkly bias be Up , then i will trade it long until the 4hrs close below its LSH.
from this point onwards i will trade short until the 4hrs form a +brb [bullish reversal bar]. i may close the current shorts at this point if only a little bit in profit. if i have several shorts then i will close most and let one run but bring its SL down to above the High of the +brb.
[1] then i will take the long signal and place SL below the low of the reversal bar or below the low of the previous bar whichever is lower, or
[2] place a BuyStop above the high of the +brb, the choice is yours.
[3] please note there no waiting for the 4hrs to close above its LSH, we may buy right away.
