In my opinion, you don't want to take every TL break that comes along, you want to target the trends with the most liquidity for higher probability setups. So in this example I get a TL break alert and notice that its breaking from a very liquid level. So in the future when price comes back to this specific break bar, I know there's a lot of liquidity at this break bar creating a really solid demand zone. The cherry on the cake is that when price does finally make its way back to this demand zone you can see price becomes overbought making a beautiful indications its's a good time to short.
And the day prior! There's 3/3 on NAS100 last 3 days. beautiful. I'm testing with SL at swing or above demand / supply, which ever is smaller. because indices like nas - you take what you can get
can you break down a clear rule set for entry and what indicators are needed to try and trade this manually. I use TradingView and like your style and thought processes towards trading
{quote} {image} I'm using LWMA 6 on M1,M5,M15 and H1 I enter on M1 if it is in the direction of M15, M5 as a counterweight, and I will take profits little by little, and close everything if all orders are positive( or new HH/LL M1) when M1 and M5 start to form the same trend as M15 and H1 , I usually start to hold orders and risk most of the previously earned profits and of course some time the indicator will view double signal lime & magenta and will repaint after being refreshed, but the big picture still shows where it's going this is where I...
Ignored
So in theory i could set an alarm for M5 or M1 LWMA change and check higher time frame confluences and enter accordingly, obviously taking market structure into account
