josi wrote: Sun Aug 28, 2022 6:16 pm
As so often, you are right; and yet: looking at higher TF may get you into your trade earlier and help you stay in longer as well - especially on Friday (when everybody shouted: well, news, you know....) it was pretty technical, I think...
Yes, Josi, as so often you are right....

...Of course higher TF's are important. I have also been looking through the TF's and what each of them would tell me . The 15m would have been perfect to enter after the pullback. The H4, as you show, looks clearer. But be aware, the PA is the same... The initial move would have been along the trendline i.e. pointing further up till after the pullback, then you'd have seen a trendline break. The lower TF's show that clearly and the entries are much cheaper. I use 2 monitors, one for M1 and one for higher TFs where I choose the one that shows me the overall pic most clearly.
The 2 MA's I should have deleted. I don't use them anyway. Never mind. On the main chart I actually don't need anything there, just some trendlines and I will see how it works out to follow the subwindows the next few trading days.
But thanks for pointing that out. I think it is important.
For the sake of simplicity the main chart could look something like yours or using the Trendenvelopes it could be something like this. Trade the breaks or pullbacks. They are in line with the subwindows anyway.
Any feedback or suggestions from real trading are of course welcome.