DislikedI have added two charts. Those where entry but Against the trend.. I have reading thus thread for couple's of month. 1. If i want to take trade only on m15, in which timeframe I should take direction? 2. How i should take direction? Is it by akim setup or moving average? Could anyone please help me to provide those informations? I am badly need your helps guys.. {image} {image}Ignored
When taking directions, we normally use a top down approach, from monthly to weekly to daily, then h4, h1 and m30, m15 for entries. You have to note the places where price rejected for S and R then focus on taking setups from only those areas.
I think you will have to look more into BBMA, there's some explanation about direction there. Can't say much about using moving averages for directions.
The general idea is noting important areas from high timeframes, waiting for price to get there and entering on setups from lower timeframes. Look for sell setups above mid BB and buy setups below it.
Well this is just the way I understand it though.
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