I agree. People who are new to trading / new to this system should start with M30.You get good swing most of the times.msbh wrote: Fri Apr 09, 2021 8:06 pm This is a great idea Xard.
I started drawing boxes manually on my chart on the Red/Greens dots before 2 months
to help confirm a breakout in the direction of the last Arrow on M5 charts.
Only 2 weeks back, I switched to M30 chart to see how many more pips I can catch![]()
The advantage of catching breakouts on higher time frames like M30 and above is that
they give you more pips and less fakeouts.
Im currently working on an exit / close trade method. Will post it once I have good results.
God bless you Xard![]()
Few observations ...may be every one is aware about this but it might help the complete newbies:
1) Trade from 30M charts only. Don't trade the 30M second dot but wait for T+1 second dot.
When the T+1 second dot originates from the 30m perimeter dot ( and in close proximity to 30m 2nd dot) ,
quiet often you get powerful moves.Chances of repainting might be less.
2) Don't completely rely on dots or 2nd dots.
There are are lot of other good things in the system.Observe the Daily open.
If today's DO is below yesterday's DO....have a bearish bias.
So a 2nd dot sell signal will have higher chance of success.Vice versa is true.
Ideally if you observe the DO they will appear like stair case.
SK