Simple EMA/Trendlines Strategy

Quoting Kosomolate

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Hi JK$$$

very good work, but as a recap, would I be correct if I say the following is your daily trading routine:

1 You check the trend direction on the daily chart
2 You switch to 15min or 1Hr chart and draw the trend lines
3 You wait for a triangle pattern to be formed (trade set up)
4 You take the trade at the break of the trend line either up or down as long as it goes with the major trend on the daily
5 Your SL and TP are determined by the immediate High and Low closest to the entry point

pls if I am not correct in this summary say so...

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Quoting Kosomolate

Disliked

Hi JK$$$

very good work, but as a recap, would I be correct if I say the following is your daily trading routine:

1 You check the trend direction on the daily chart
2 You switch to 15min or 1Hr chart and draw the trend lines
3 You wait for a triangle pattern to be formed (trade set up)
4 You take the trade at the break of the trend line either up or down as long as it goes with the major trend on the daily
5 Your SL and TP are determined by the immediate High and Low closest to the entry point

pls if I am not correct in this summary say so...

Ignored

Quoting Kosomolate

Disliked

Hi JK$$$

I really appreciate your extensive response to my questions, the answers are taken and will be followed

But pls dont be tired of me, another question is apart from the major trend of the daily chart which may be up or down trend, do you also look closely at what the particular daily candle may be doing

cos sometimes the trend may be upward but during corrective waves or what we call retracement, that particular day's candle may be a sell candle though the trend is up.

Secondly, when in 1HR chart the bars are in the triangle how...

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