Today I would like to illustrate the triangles that are often not considered.
A SELL triangle forms on Friday, which is also held or, let's say, confirmed on Monday. The most important thing is that this triangle appears at 30M and 15M at the same time. This is very likly the beginning of the SHORT period. On Tuesday you could make a lot of pips with it.
On Monday and Wednesday-Thursday more SELL triangles are formed on M5.
Today we were able to take advantage of the nice move south.
The whole game is not just the DOTS or ARROWS; you have to look at the whole thing from a bird's eye view and then decide.
Because the following XARD principle applies:
Yes, Trading Arrow Dot to Arrow Dot and looking to enter in each cycle at the first Triangle (2nd Dot) with the view of trading to the next Arrow Dot is all well and truly great for enhancing your trading strategy but you have to learn the basics grounded in the EMAs first. XARD
Skyold
We create order out of chaos - we trade that order, but sometimes that chaos is out of order, so we WAIT!!! for the order to return - and we trade again. XARD777