well, I've just woken up and checked out the situation....
unfortunately, the 1H timeframe was horrible and produced a couple stop outs...
the 15M and 30M however both performed beautifully...
on the longer timeframes it'd seem we are headed down, but who knows??
This really proves the point of picking your timeframe to trade.... every timeframe will have ugly setups though. Using multiple timeframes to get a feel for what comes next is an art form that every trader must develop for themselves, like playing an instrument.
Bill Williams himself said he liked the 30M for Forex the best and many times I think he might be on to something....
unfortunately, the 1H timeframe was horrible and produced a couple stop outs...
the 15M and 30M however both performed beautifully...
on the longer timeframes it'd seem we are headed down, but who knows??
This really proves the point of picking your timeframe to trade.... every timeframe will have ugly setups though. Using multiple timeframes to get a feel for what comes next is an art form that every trader must develop for themselves, like playing an instrument.
Bill Williams himself said he liked the 30M for Forex the best and many times I think he might be on to something....
