DislikedHi there,
If you read through the thread and follow us you will see what we do.
We trade multi time frame Intra-day.
So from your green circle you can see that, yes, the daily chart was showing an up trend.
I would have then been looking for the 4 hour, 1 hour and 15min. to setup with the trend and have been taking 5 min. entries..
There were probably 35-40 Intra-day long trade oppurtunities in that uptrend... Just in May...Ignored
For example a S/R trader will view a 4hr chart. When price reaches the resistance line, he will switch to 5min to time his entry. He can see the resistance line in the exact same place on the chart.
With ichimoku, when you switch timeframes, the kumo will be in a different place, so how do you perfect an entry on the 5min based on a sell signal on the 4hr?
Would you want all timeframes to be showing the same trend?
daily: bearish
4hr: bearish
1hr: bearish
5min: sell signal