breakout failure - if price closes above Pivot (H1) - up becomes more likely (see D1)
Waddam (TF M-15) insurance. The basis of semaphores and levels. The forecast is short-term on the "semaphore" and the levels of "fractal" and "Murray". Entry points (№2) today I look at Waddam.
in the screenshot: one possibility: if directional bias is down (arrows, 4 TF MAs etc) then enter when price crosses fast MA.RomanUkraine wrote: Tue Oct 20, 2020 7:10 pm In the screenshot - BASIS
1.3023 - trend to sell. But the price will not go along the "line"
Due to the fact that the signals come to me late, I will look at additional indicators. Thank you brother for your help.josi wrote: Tue Oct 20, 2020 7:17 pm
in the screenshot: one possibility: if directional bias is down (arrows, 4 TF MAs etc) then enter when price crosses fast MA.
But as you saw: breakout failure at Pivot means you have to be quick (scalping) - high risk!
Algorithmic trading by computers has made discretional trading on lower TFs (M15, 5, 1) much more difficult - sudden, long candles; not necessarily with follow-through, so you have to take calculated risks at resistances, enter early and go with the directional bias.
I am not advising you to do this - but it is one possibility.
You can also, if price is in a range, enter at the extremes (See book by Al Brooks on trading ranges), i, e, the lower extreme for buys, the upper extreme for sells.
Another is: trade higher TFs.
Also think about higher TFs: H1RomanUkraine wrote: Tue Oct 20, 2020 8:02 pm Due to the fact that the signals come to me late, I will look at additional indicators. Thank you brother for your help.
See book by Al Brooks on trading ranges.
I do not know English. And reading through Google Translate will be a "rusty translation".
Дякую. Тепер так кращеjosi wrote: Tue Oct 20, 2020 7:17 pm
in the screenshot: one possibility: if directional bias is down (arrows, 4 TF MAs etc) then enter when price crosses fast MA.
But as you saw: breakout failure at Pivot means you have to be quick (scalping) - high risk!
Algorithmic trading by computers has made discretional trading on lower TFs (M15, 5, 1) much more difficult - sudden, long candles; not necessarily with follow-through, so you have to take calculated risks at resistances, enter early and go with the directional bias.
I am not advising you to do this - but it is one possibility.
You can also, if price is in a range, enter at the extremes (See book by Al Brooks on trading ranges), i, e, the lower extreme for buys, the upper extreme for sells.
Another is: trade higher TFs.
josi wrote: Tue Oct 20, 2020 8:12 pm
Also think about higher TFs: H1
EURAUD
EURNZD
GBPAUD
GBPNZD
NZDUSD
USDCHF
USDCNH
Had you entered yesterday morning you would still be in all these trades.