Disliked{quote} i'm not clear on why you say a close below that level to enter? would you kindly clarify... i took the 1 minute setup i saw on demo for fun.... its interesting because it is picking atop and totally countertrend... lets see if it works this time...well it dod go for a few pips movement.... how do you suggest in order to determine tps? 1 to 1? i've put these charts for a demo test..should be fun to see what happens {image} {image} {image} {image} {image} {image} {image} {image} {image}Ignored
The EJ did close at, or below 124.60 on two different brokers H4 charts. Once this happens, I may watch H1 charts for closes that show us that the H4 swing high, may exist.
R:R is approx 1:1. I also use other levels, such as supply/demand, to use as targets. How you choose TP & SL is up to you.
Chart below is graphic example of how I might go to lower time frame to find an entry. In this case New H1 candle has close lower than previous H1 candle. Since this is not an H4 verified entry, it is more risky, however, the SL is usually less than it would be on H4.
Attached Image