DislikedI have here spotted this trade on Friday but I did not take it. I watched it forming on the 4hr and on the shorter TF, 15min to 1hr. Comments please. Thanks{image}{image}Ignored
Using the MACD on shorter TF's like the 30M gives to many false signals and the Moving averages on the 30M TF can't be compared to the 4H TF moving averages.
When you trade 1M, 5M, 15M, 30M TF's you don't need the Moving Averages and MACD. You go to the 4H TF and look at the Market Rhythm and then switch to the shorter TF's and look for patterns (DT's, sHs, pennants, flags ect...) to get in earlier with a smaller SL and Big TP.
Again...Only my opinion