DaveTrader wrote: Sun Dec 25, 2022 10:24 pm
For example:
This is a screen shot of the uptrend early in the week. The large square semafor at the top right of the screen started out near the bottom of the trend. When you get home from work in the middle of the afternoon looking for a trade, that large semafor (that can continue to move for hundreds of PIPs) will sometimes cast just enough doubt to keep me out.

As you can see the TMA was there to help you continue to follow the trend...it's zoomed out a lot and is not easy on the eyes, but you get the idea.

There will no doubt be longer periods but I have seen the large square semaphore move higher for 3 weeks on the DAX. So if you were waiting for shorts off it you would be missing out on a lot of profit at best. What I aim to do is take the second small dots to the white dot but if the moves are small then take the trade away from the white dot. Price tends to move less in retracements against the way it wants to go and much larger moves in the direction it wants to go. The distance between the support and resistance levels shows this.

Also, look for reversals around the open lines.