DislikedPVSRA A thought came to me this weekend, which I'd like to put out for Sonicers to also think about. It might or might not be valid, and even if valid it might not be sufficient justification to trade one way or the other. I'll explain further below, and any Sonicer can share any related thoughts as they wish in order to put this consideration to bed. Ok, now to this "thought". Using my own "building" versus "run for profits" terminology for the two phases the MMs might be in, it seems to me that frequently enough the "run for profits" phase...Ignored
Now you are talking about very similar way of trading i am using now.
To trade first of all i am looking for trend at Daily charts. Very useful tool of very early spotting of trend direction changing is OsMA. But reversal patterns and crossing of 20 ema also work very good as confluence.
As soon as trend spotted i am looking for pullbacks at 30m charts. Here is PVA works great.
Below an example of trades by GU from last week.
Totally was 6 trades. Gained 983 pips. 163 pips an average from one trade.
Everything is possible!!! Step by Step...