josi wrote: Fri Oct 16, 2020 8:56 pm
1. EURUSD is in a downtrend on H1
2. nevertheless the 2nd dot up has appeared on H1
3. there is strong res at 1.17188 (MM)
4. price has just bounced off (downwards) from the upward extreme of VWAP on M15
I don't know what 12.00 o'clock means (time zone!) - but just now EURUSD - for me - is not a buy on M15 (it was one on M15 4 hours ago).
Especially if price is in a range (see H1) you can have contradicting signals on different time frames.
Xard's system is a trend following system - if price is in a range different trading methods must be applied.
Also 4 hours ago: GBPAUSD was a simple and straighforward continuation buy.
Josi
Brother, thank you for the post. I do not trade strategically, I still trade "scalper" for 15-20p, I'm not a "super-trader". I consider myself "at the level of a novice user". So please express your thoughts and teach each other. I read your posts in the "Christmas collection" branch. I am still adapting and learning. Today I "came in late" on the rollback, but I agreed +10 points I could earn by coming in on time. And so stop-loss -9 points.
I read about all the indicators (about the majority). See the first posts here in the topic. I've never used Murray's levels before because I didn't know what information they carried.
If I use an indicator, then I need to know what it "says", what it shows, how it behaves and how it can help me.
My first posts were without "fractal - resistance-support" levels, and now it's present. I pay attention to this now.