#3 would be a valid entry for all the reasons you stated. I would proceed with caution and exit at the first signal against my position because it is the Asian session and a lack of volume can plague many Asian sessions.samxtrader wrote: Tue May 28, 2024 9:42 am Thanks Mate , very well explained, just wanted to recap MINI DOT 3 , wouldnt that be in our direction due to the blue candles and a 2nd dot , RSI above , and the EMAs crossed, but instead you have stated to WAIT. Thereafter all 2nd dots are correct.
Abit confused, can you please explain . Thanks
Also, when the first valid entry signal is based on a smaller dot, there is a chance you are getting in early and the same cautious approach should be taken.