DislikedHey Pips....
ok.... your're thinking to hard...if you have a down trend on the daily and all the other charts are going up...thats a retracement. If the 4 hr chart peaks and starts to go lower...than the lower time frames are going to show you an entrance of some sort. Why not just watch dalies and trade off of 4 hr...much easier...scalping is a losing propostion...sorry scalpers...1 daily chart...4hr time to enter...my 8 year old nephew can make money...it HAS TO BE simple my friend.
...humble 2 cents worth.Ignored
That works, but remember to warn these guys about the margin you'll need to maintain in order to stay in a daily trade vs. a 5M trade. Just my thoughts.....