DislikedSo in this case, if our current price is below week's open,and the price has made a run up to end up above session open, without any valid DIBS signal to go long, and we have an IB set up, then what would be the result of us placing two limit entries, one to go long (as per the DIBS) and one to go short (in line with the weekly trend).Ignored
I think an hourly bar in a weekly timeframe could be viewed as noise. But if using a 4-hour IB within a weekly frame may fit nicely as there are 24 hourly bars in a daily session and 30 4-hour bars in a weekly session. It may be a good idea to keep an eye on the 4 hour within a weekly time frame.
A 4 hour and 1 hour sync in the same direction may prove to be a pretty good setup.
In trading, there is no bullshit. You either make money or you don't.