Have been having a discussion with someone on the 3 bar reversal indi and the comment was it doesn't work. It seems they were looking at the numerous signals and thinking this was some kind of take every signal indi.
The same trading ideas apply, assess the D and when you get a high probability trend signal then stick with that until you get to major SR levels and decide if you want to risk CT once flow changed.
Heres some aud charts with a D hl, morning star 3 bar reversal on 21 Mar highlighted. Apart from the pa confirmation for indi lovers we are above the 8lwma and RSI crossed up above the 50 level. From there its focus on buys, certainly until end Mar when we had some upper wicks that struggled to closed below the 8lwma for a few days. I have attached the 1hr chart with all the 3 bar reversals and then one with buys and focus at Asian session, LO and US.The blue ma is the 192 lwma to = the D 8lwma and the purple ma is the 32lwma to = the 4hr 8lwma. When the end Mar move lower failed can look to again buy the hl's.
The same trading ideas apply, assess the D and when you get a high probability trend signal then stick with that until you get to major SR levels and decide if you want to risk CT once flow changed.
Heres some aud charts with a D hl, morning star 3 bar reversal on 21 Mar highlighted. Apart from the pa confirmation for indi lovers we are above the 8lwma and RSI crossed up above the 50 level. From there its focus on buys, certainly until end Mar when we had some upper wicks that struggled to closed below the 8lwma for a few days. I have attached the 1hr chart with all the 3 bar reversals and then one with buys and focus at Asian session, LO and US.The blue ma is the 192 lwma to = the D 8lwma and the purple ma is the 32lwma to = the 4hr 8lwma. When the end Mar move lower failed can look to again buy the hl's.