tmostafa007 wrote: Sat Jun 22, 2024 7:44 pm Dear Curioso ,
How can I avoid this issue, or what should I focus on that I might have missed in this trade? that is based on my understanding
Hello tmostafa007 and trader2000 ,trader2000 wrote: Sun Jun 23, 2024 1:37 am Appreciated, sir. If we examine the 15-minute, 5-minute, and 1-minute timeframes for gold, we will notice the same setup for a sell signal that began on Friday,but it is buy setup now correct?
We are on weekend, but is a great oportunity to learn and understand together this strategy.
First of all @trader2000, don´t forget the PANEL1. is very important to understand where the ADR level are and take your decisions based on that. #1. BigSEMAUP -> Appear on friday, so lets focus in minidot
#2. 4th minidot -> If you see atention (i do not insert one arrow to you find that one) and the candles are below the DailyOpen and are red, so we ignore that one
#3. BlueDOT -> This one is on the end of your XU v65m-TRIANGLES1 but your candles is above and on green, so is your EntryPoint
#4. DailyOpen -> Keep on your trend and still green, so our entry is valid
#5. Panel1 -> And yes, this one continues on blue/green
#6. PERSONAL NOTE, i hope it helps, zoom in on my entry,
@DaveTrader, thank you.DaveTrader wrote: Sun Jun 23, 2024 3:11 am With 2 square arrows and 1 arrow, you would instinctively look for a buy set up. Then you see the gaps in the m5 and m15 ma's and realize it's conflicted at the moment and there is some work to be done before a buy trade is considered.
Will it go down and form a double bottom? Fakeout? Breakout? The index entry and daily open (I realize they're expiring , but for discussion sake) are right there. Once you see that m15 ma gap, it's hard to unsee it. This is a time to wait and be nimble in your approach, allowing the market/price action and indicators to give your next move.