DislikedHi guys, one question: Say if you see bigger tfs adx are all power down, compressed below 30, ready for a big move. Rsioma on all tfs showing same trend direction, and you seek for entry signal on smsller tf, would you wait for the adx on higher tfs to power up before entering the trade? I personally look at d1, 4hr and then 1h for entry. If we are to wait for the adx on D1 and 4H to power up, that will mean the price on 1hr has moved a long way in the favourable direction and we will gotta wait for a pullback/dip on price or 8,3,3 sto for entry....Ignored
bigger TFs need a lot of time to gain full ADX power, so I would look for entrys on H1 with full adx power but only in a direction of the big ones.
Also, when you enter the trade on h1....h4 must be in line with the trade so you don't have big draw down.
Good examle is AJ for this week, I posted my view, M, W and D don't have full adx power but bias is short and developing.
So you could already gain a lot of pips by entering on h1 or h4 and when we see adx power on D and W that is our confirmation of a good trade and we can add more positions.