DislikedThanks for your question WFX. When it comes to entries, I'm typically looking at the last several candles of the monthly and weekly to determine a reliable long-term trend direction. With the daily, I'm looking at the most recent 1-3 closed candles for confirmation that the short-term price action is in alignment with the longer-term trend.
Example 1: Monthly shows last 10 or so candles in strong downtrend. Weekly shows last 3-4 candles have resumed downtrend after a multi-week pullback. Okay, now looking for a short position. Daily shows a pullback...Ignored
everyone should read this over and over again.
trading with the trend mitigates the risk for search of precise entries
i'm sure graeme will be proud of you.