DislikedHi Surfer, I agree it’s a text book setup, his question was on the daily chart to trade the M15, there are set ups and patterns that help confirm and reduce draw down.
As far as your examples from what I see I would have entered at nearly the same place as you on all but one like I said the PB gets my attention then I need a set up your analyses is truly lacking as you kind of point out.
Ignored
Thanks for adding to this. My main point, which was not spelt out but should be obvious, is that the neckline in the diagram you posted is governed by the size of the preceding bar. There would be many times when it would not be wise to enter that late.
I will be paying more attention to the D1 for filtering direction on M15 trades thanks to this thread. I tend to agree with Vantage that you could trade in either direction after that pin bar.
One question: Do you look for the neckline breaking during a daily candle - so once it is broken you will look to trade in that direction for the rest of that day?
Have a great Christmas.