Hey guys, sorry for not posting as much as I prefer, but I would like to show you another example with Dow Jones this morning.

The advantage of using different Time Frames to help us decide when to enter a trade.
In the picture you can see:

All 3 charts when NY opened this morning show us as follows:
Price was bellow the 200 EMA (so we were in a downtrend)
Buy signal was given about 20 mins after the NY opened:
8 EMA turned blue
Super Trend histogram turned blue

When to exit the trade and cash it:
Remember that we were trading against the Trend, so all caution on deck
1. When price touched the Monthly pivot about 90 mins after NY opened
3. When 8 EMA turned red on 5 min charts

Medium and High impact news 15 and 30 mins after NY opened were extremely good to US Dollar, making price cross the 200 EMA to the upside.
PS. 4 hours after NY opened, we had divergence against us on 5 mins Time Frame, but was not relevant because it was not on Overbought territory.

Any questions i am available
Enjoy your weekend