It depends on market conditions. I usually aim to open my positions within the 20 EMA channel.promixer wrote: Fri Sep 29, 2023 4:59 am Hi ODJ,
would your trades look like this in the screenshot below?
The moment I start seeing BLUE bars around the Moving averages or Pivot, I'm in.
The DAX is extremely fast. Sometimes I get late entries if it gaps up.
I also have other tools which tell me what's happening and when to get in.
I always keep an eye on a strength meter and multi-timeframe indicator.
Once I see the 30mins and 1Hr are aligned...and BUYERS are 75% strong, I'm in.