Well, hindsight wasn't really necessary, I think.Pauliz wrote: Thu Oct 07, 2021 8:25 pm I dunno, I find the signals pretty reliable even in the mess of consolidation zones. A difficulty in these times though is keeping one's head. Like your idea of a buy-and-sleep strategy, though prolly works better in hindsight.
example US500:
a) D TF downward move rejected at 4305
b) H4: higher low on each consecutive day (you could have used a TL to indicate this)
c) so an entry on H1, M15, M5 would have been possible around 4306 (also one day earlier)
d) and, yes, there also was divergence
This would have worked with or without "the beauty of the (Xard) system".
By the way - what goes up, must come down - almost the same method would have worked downwards (as this was a range with pretty defined extremes).
(He wrote one book on trends, one book on reversals and for this you needed the one on ranges:
Al Brooks: Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader)