mcmstar wrote: Sun Jan 03, 2021 4:25 pm Hi guys
Let's say Green square appeared but then red with blue covered dot appeared then red dot appeared do we take this trade or just green dots because of green square?

Also what does white or blue color covered dots mean?

Thanks in advance.

I'll assist with the little knowledge I know.

If the green square appears, and a red with blue covered dot appears (i think its called the red arrow), this could signify a continuation of downtrend. If a second red dot appears afterwards, you could take a sell off the second red dot off the red arrow. Only take a buy when a green arrow (green with blue covered dot) appears and a second dot (green dot) appears afterwards, ie you take a buy off the green dot off the green arrow.

see attached pictures for examples. The charts are two different scenarios. The reason I drew the green sqaure on the second image is that the green square could have appeared there, but then the red arrow appeared to indicate continuation of a down trend, so you wait to see if a green arrow will appear to confirm a buy trend, or if a red dot will appear to confirm continuation of a downtrend. Then you make your decision based on what happens next.