DislikedFirst Step : 4Hr TF. What do you see in 4Hr TF. What does it tell you to do ? Bearish, Bullish, or Ranging. For the answer......look at the 4hr Chart below. This is GPS. See the forest
Second Step : Step ONE aleady decided for you which way to go. Now find the nice candle correspond with the STEP 1 signal. Please tell me the name of candle marked ( We Newbie have to learn and recognise this candle)
1hR TF Chart below. Now...Ignored
Brilliant explanation brother! You're the Star as brother Arjun has already endorsed it. I couldn't agree more. Yes, it makes more sense for me now the reason behind those entries. Well said!
Your way of Top-down analysis approach (from H4,H1 to M15) would definitely added the edge on our trading outcome.
Question:
So, do we must wait until the H4 candle closed then only we can make our analysis on the trading direction? If it so, which H4 candle time do we use, since we have a various broker time? tks my dear brother...
regards,
Pre-Newbie.