Yes it meets all the criteria. The initial entry has that small wick which I usually reserve for the next higher TF. As a matter of fact we might consider adding the small wick on body (two diff colors) as confirmation to the initial shortest TF. Your trade has a good price penetration on the 30M and the 1 hr (less important TF) has been red so you are getting in somewhere in the start to middle of an existing 1hr trend. It's always better and safer to have fresh trends on ALL timeframes. The best trade possible for a short example:
You enter on a 15M after seeing 1 or more red candles. Even a red wick on blue body (let's address this with 4xMaster later).
You notice the 30M has just turned from blue to red on it's FIRST candle (need fresh trend) this is really important. You don't want to target getting in on the next higher TF if that TF has already begon !!!!!!
You notice the 1hr timeframe is all blue BUT the price is diving down into the HAS candles and has penetrated at least 1 PIP of HAS values. See 4xMaster's EA where you can set that parameter from 1 to 3 PIPS penetration. That's cool!
This would be a gang buster trade with all TF's fresh !!!!!!!!!
You enter on a 15M after seeing 1 or more red candles. Even a red wick on blue body (let's address this with 4xMaster later).
You notice the 30M has just turned from blue to red on it's FIRST candle (need fresh trend) this is really important. You don't want to target getting in on the next higher TF if that TF has already begon !!!!!!
You notice the 1hr timeframe is all blue BUT the price is diving down into the HAS candles and has penetrated at least 1 PIP of HAS values. See 4xMaster's EA where you can set that parameter from 1 to 3 PIPS penetration. That's cool!
This would be a gang buster trade with all TF's fresh !!!!!!!!!
DislikedSteinitz
On the UDS/JPY @ this time there is a full bodied red candle on the 15m..on
the 30m the is a small red candle with a very small wick on the top & on the
1Hr the is an even smaller blue candle with a small wick on top from this info
what do you see ahead? Is this a short trade setting up? Tks
AceIgnored
