Joined Mar 2018
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On those 2 examples of " shark fins ".
I want to add that when you see a sharp shark fin, like a " V ". That pair is going to go north in a hurry.
When see a " U " the pair is going north. But in it that big of hurry.
And when you see this " ^ " or a inverted " V " the pair is in a hurry to drop.
Another tell about the " V ". Don't be a buyer when you see a " V " that has a downward slope to it. That downward slope is a sell trade waiting to happen, don't be fooled into being a buyer because you will become a trapped trader.
I can't stress this information enough on the H4 charts.
Hi PokerChip just two questions in terms of your trading style which time frame do you find more reliable the daily or 4 hour?
If the daily tells you to go long, but the 4 hour days tells you to go short then do you not trade because of conflicting information, or do you trade in line with the higher time frame or the lower time frame?