Disliked{quote} Alright so look for one higher time frame for trend confirmation with all the indicators in the right direction and then drop down one more time frame for confirmation but then drop to either the 5 minutes or 15 for entry. Could you show me how you would enter the 5 or 15 minutes because from experience when I used to trade down there on naked charts it has a ton of fake outsIgnored
a) A moving average - the stock price must go above it, and close above it
b) One proprietary indicator - the stock price must go above it, and close above it
c) Increased Volume - the stock must have much higher volume than it normally does
I usually ONLY exit when the stock price falls below b) (and rarely, but sometimes a) ), and closes below either one of them.
*The reason I say rarely is because 99% of the time, price will fall and close below b) before it does a).
2. You enter on the 5 or 15 minute chart in exactly the same way that you enter on the higher time frames. Use the same indicators in the same way.
Always a Student, Never a Master - Emulate What Works
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