Hi
Thank you Laura for your awesome thread.
I entered DOW in 5M TF, I thought it would be a continuation of previous cross failure. (MTF trend band was green for 1 & 5)
1- is it true to enter trade after long time when price back to the channel and the channel still near the SMA? or valid entry is only after first signal?
2- I placed SL far enough to avoid getting me out, but when should I close the trade manually? right now channel in 5M (the TF I trade based on) is not fully crossed but 1M TF is fully crossed. more over the true trend in 5M still positive. should I exit based on 1M or keep base on 5M?
thank you all.
Thank you Laura for your awesome thread.
I entered DOW in 5M TF, I thought it would be a continuation of previous cross failure. (MTF trend band was green for 1 & 5)
1- is it true to enter trade after long time when price back to the channel and the channel still near the SMA? or valid entry is only after first signal?
2- I placed SL far enough to avoid getting me out, but when should I close the trade manually? right now channel in 5M (the TF I trade based on) is not fully crossed but 1M TF is fully crossed. more over the true trend in 5M still positive. should I exit based on 1M or keep base on 5M?
thank you all.