jcorp01 wrote: ↑Fri Jan 03, 2020 6:57 amlsreis wrote: ↑Fri Jan 03, 2020 6:54 am
The red semaphore doesn't bother you here? I have been struggling to choose a good time to entry when a top/bottom semaphore has showed and usually opt to wait for a retrace in the opposite direction to complete before entering on price coming back in the right direction.
My question is how do you decide if the trend is on a local/absolute top or if it still has more to go?
Looks like Xard is showing the conclusion of the trade, and not the entry?
I should clarify: on the H4 chart the open was already showing a red semaphore. On lower TF's indeed we could enter without worry, but I'm not sure how to decide.