Disliked{quote} 1. I generally trade in the direction of the M30/H1 trend but enter on the M5 time frame. 2. I use 35 LWMA Channel as my bellwether to buy above and sell below 3. I want the M30 candle imposed on the M5 TF to close above the MA Channel before buying on the next M5 candle that close above the M30 candle 4. If the trend is strong, I will not wait for M30 candle close before entry and will rather use the M5 candle close {quote} Same answer as I gave above: * I want majority of the pairs in the currency groups I am trading to be moving strongly...Ignored
Thanks a lot George for your help. and for such a quick reply.
Just one more question for the direction of M30/H1 you use the same channel 35LWMA on H1/M30 because I use 20EMA on both the TF.
The only problem if face is when trend is not strong enough to then it leads to multiple losses. while referring to MADdash it do happens sometime that trend has ended.
and when you say stronger or weaker currency, you mean stronger currency on the M30/H1 means higher TF I am asking so much question because I am trying to bring the strength of the currency on the same chart because it becomes difficult to monitor multiple pairs when strength is also changing I am trying to write down rules to find the strength of currency on the same M5 chart so that its easier to trade. Sometime when I refer to the strength on M30 and trade the pullback then if turns out that it had weakend and it was just a weak push and turns out to be just breakeven or loss and you miss out on some other good trade because you were monitoring that trade
Many Thanks