DislikedHi Dial Are you using Udine rules for entry exit or some derivation of them, and can you please show some of the trade setups you take with entry and exit. ThanksIgnored
2. Use the CSM's to choose a currency. I try to pick the 1x8, but if the spread is too high I may choose the 2x8 or the 1x7 if thier spread is lower.
3. I monitor what the pair does during the first 5 to 15 minutes of the entry, per Robinho to see if the direction of movement is in agreement with both the CSM's and the side of the DO line. If all are in agreement I then...
4. Drop down to the M5 with the MTF ASH indicators. I watch for some or all the indicators to be pointing the the same direction as determined in step 3. I also look at price action and am aware of any support or resistance points that can either aid or oppose the trade. I then subjectively decide to stay out of the trade or to enter.
As to the multiple ASH indicators on the M5, they are all there simply for availabilty. I sometimes use only one; sometimes more and sometimes all. How do I know which?
You can only learn by observing. Bring up an M5 chart and look for breakouts. Observe how the ASH indicators behaved before/during/after the beginning of the breakout. Scroll back on the chart and make this same observation many times. You will soon develop a feel of what the ASH indicators do prior to a breakout. It is not 100%, but it will teach you to find higher probablility entries.
For more info on the MTF ASH's on M5, see the following posts:
Indicator in post 31005
Robinho first mentions settings in post 31017
Robinho gives more detail in post 31046
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