DislikedHi Guys,
I am trading daily PB's. I am having a bit of trouble "trading with the trend". If I am looking at the daily chart and price is in an upwards trend, but is, for example, downwards on the weely chart. What would I define as the trend to "trade with"?
Another problem is that I think I am putting too many s&r lines on my charts, resuting in me taking PB set-ups off weaker s&r lines. How can I dilute these to show the best? Is there a point where there are too many s&r lines on a chart?
All help appreciated.Ignored
After that all you need is patience to wait for price to hit them and then for some good PA and decent MM.
Start out with Monthly-->Weekly-->Daily Time frames for S/R,PPZ at swing High/Lows, Near 50-61 Fib, MA's and Trendlines.
When you are in a trade watch for Bar decent high lows to manage it.