aaven wrote: Mon Mar 30, 2020 11:43 pm
Good Evening Implant,

Thanks for the live trades and the commentary. Seriously, please keep making them.

Could you please shed some light on this:

Use of 15 Min TF & 5 Min TF:

When we look for entry conditions on 15 Min Time frames, we are also switching down to 5 Min time frame for further confirmation: Like to check if the
extreme spike indicator made a spike.

My question:

1. When we look at 15 Min TF for entry, we always look for 5 Min TF correct?

Implant: I don’t quite understand what exactly you mean. I always try to see the complex picture, so I switch the TF several times a day.

2. There are examples, where you are able to trade directly on 5 Min TF, so can one trade 5 Min TF as a standalone without referencing 15 Min TF?

Implant: Yes, such entries are possible, and yesterday was vivid proof of that. I went up to the M5 essentially "against the coat", if you look at the M15.

Extreme spike indicator shows what you need to sell, the desired bias is also negative (red bar on top). But, as you can see, the entrance up the M5, even with such signals on the M15, turned out to be effective. The only thing I spoke about initially is that you need to put a clear TP in this situation, and not wait for big movements. By the way, I still think that the price will still turn down ... Further movement up is simply not logical.

Thank you