check this out
when the market gets a lot of momentum, many times i don't get a quality retrace on the 1M
but what if i use 1M as my main chart and the 30 sec for entries
here are three strong moves and examples with 30 sec charts on the left and 1m on the right
edit:
i want to make sure i make 2 notes about these:
1) the retraces were one or two candles
2) there was no "good" retracement on the 1M, all the same color
there was a slight retrace on the second one but not really something i was willing to trade at the time
so maybe the fact that the 1m candles are unable to show a retrace could be a quality measure of momentum. i would use 5:5 tp:sl any thoughts?
when the market gets a lot of momentum, many times i don't get a quality retrace on the 1M
but what if i use 1M as my main chart and the 30 sec for entries
here are three strong moves and examples with 30 sec charts on the left and 1m on the right
edit:
i want to make sure i make 2 notes about these:
1) the retraces were one or two candles
2) there was no "good" retracement on the 1M, all the same color
there was a slight retrace on the second one but not really something i was willing to trade at the time
so maybe the fact that the 1m candles are unable to show a retrace could be a quality measure of momentum. i would use 5:5 tp:sl any thoughts?