DaveTrader wrote: Wed Mar 01, 2023 9:05 am
What time frame are you trading? Do you go down 1 or 2 time frames and look for entries based on the bias shown on higher tf’s?
Works for all instruments
Been trying out different approaches for the past month or so to see what works for me but I think I've finally settled on using the 4HR for trend bias and making entries on M15.
Edit: Something useful that I found in my research is that adding Fibonacci for more confirmation is very effective. I'm not sure whether it's because it's an actual proven thing or it's because a lot of traders believe in it hence place their trades when a fibo level is broken, but it definitely works.