DaveTrader wrote: Fri May 26, 2023 4:40 pm
Potentially
Assuming that is your lower/trading time frame, you need confirmation on higher time frame and wait for ma cross. You could be looking at pullback wave #2 of an Elliott Wave pattern, with wave # 3 taking price lower…can’t tell but maybe the large down move itself is part of a larger Elliott Wave pattern.
But yes, that is the idea of trading the 2nd dot. This is a point where it would be critical to show some patience. Remember, you’re looking to follow the trend and catch some good moves in the trend. By doing that, you reduce the chances of being in a buy and then watching as that big semafor goes lower and lower. Catching the first reversal is not the intention of Xard’s system.
friend, in this example, if the higher chart time is crossed downwards, we should disregard this purchase, correct?
as it would be crossed in the larger chart time downwards, would we have to think only of sales?
if it's not too much to ask, could you give 1 example with pictures, of how to follow a trend from higher to lower chart time?
thanks for the help