Thank you very much DT. Knowing the right time to start looking for entry matters a lot here.DaveTrader wrote: Sat May 27, 2023 12:46 pm
Getting pretty interested in sells at around the red vertical line on the H1 chart and looking to take sells on the M5 chart, after the matching red vertical line. The sells lose some steam at the green vertical line where, I believe, the blue arrow/square first appeared. Then the blue arrow went down from the next daily open to the 2nd blue vertical and it has trouble breaking the open. That's a pretty good time to take a break, seeing as the square to square idea has played out nicely already. The blue vertical line is where I'd get more interested in buys.
There are a lot of good sub window indicators that help with re entries and possible pullbacks.
These two are:
SSL (histo + mtf)
Volatility Quality Zeroline d4
Please I have a question, if you don't mind. How do you handle the NY Open? Do you always wait for the market to calm down before looking for entries? NYO often behaves like a red news release.
Thanks DT . Greetings to XARD and all the helpers here.