When I first starting trading based on V's thread I only looked at the 5min chart and it's easy to look back on a chart and say I would have went long there and there and there and now I'm more interested in creating a solid plan of gaining confirmation from all 3 time frames. Like today it looks easy looking back that I should have kept taking long trades on EU and it would have worked out but other days only looking at the 5min could get you in bad trades. For now I'm going to continue to look at all 3 time frames and see how I do.
What did you mean you never take an old Hl/LH?
Thanks for the help Orientos, we need more people posting in here, I hate not having new pages of one of my favorite threads to read.
trublu
What did you mean you never take an old Hl/LH?
Thanks for the help Orientos, we need more people posting in here, I hate not having new pages of one of my favorite threads to read.
trublu
DislikedIn my experience, using the M60 and M15 charts will protect you from many losses (especially the M15 chart).
I never take any old HL/LH and I always look for some supporting confluence. Could be the M60/M15 charts, a significant RN or other form of S/R,etc. For example, price goes up through a RN and then pulls back before advancing. The PB becomes a HL and I will take this, other things being equal.
In the end we all have to find what works for us, but Vantage's HL/LH's certaintly forms the backbone of a profitable strategy.Ignored