Disliked{quote} Well, looking atb yoour H4 chart, there is possible to scalp H4 when TDi cross. But since it is Friday you would like want to open 4H swing trades and leave them open over the weekend. On H1, there is major news/tier one data release later. I would do what eelfranz taught us to do , i.e. to wait till after the news is out, look and see if there is price momentum and take a trade on H1. Big Picture shows D is very much sideways and flat. If you have the Day Open on your chart, you will see that Day Open chopping up and down at quite flat...Ignored
Stoch is overbought .. but:
the TDI cross isn´t clear enough, a small candle is formed and the next reason to don´t enter the H4 candle is :
European markets close in about 3- 4 hours and we have weekend .
this trades does not fit to my tradingtimes if I wanna manage it .
Weekend gaps are possible and can bring me to a possible drawdown , I don t want ..
Because I prefer closed trades before the weekend , or positive trades with my SL set to BE during the weekend .
Next thing is : I´m still in a GJ D1 short since wednesday , no need to rush any trades .
My answer is personal for me :
I stay out of the trade .
Green pips to all and a nice weekend !
Guido
Risiko birgt immer auch die Chance.