Hi John,
Can you comment if the 2 entries marked on the chart are good? I took the 1st one, which I think was a bit early. Probably a better entry would be after price bounce off TF5 once and then setup again.
For the 2nd entry, is it an ideal time to enter? In previous examples, you have adviced to wait for TF1 to retrace back to TF5 after crossing then setup again, rather than at the crossing itself. I was also apprehensive as price had already made a bit upwards and CCI was green for a long time. On the other hand, the CCI was trending up. Really need your advice if this setup qualify as a HPT?
Thank you once again very much for all your advice.
Sat
Can you comment if the 2 entries marked on the chart are good? I took the 1st one, which I think was a bit early. Probably a better entry would be after price bounce off TF5 once and then setup again.
For the 2nd entry, is it an ideal time to enter? In previous examples, you have adviced to wait for TF1 to retrace back to TF5 after crossing then setup again, rather than at the crossing itself. I was also apprehensive as price had already made a bit upwards and CCI was green for a long time. On the other hand, the CCI was trending up. Really need your advice if this setup qualify as a HPT?
Thank you once again very much for all your advice.
Sat