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Start looking at your charts 15 min before the above starting times i.e. 07:45 etc. You will normally see very good moves around the starting times.
VERY IMPORTANT TIMES
10:00
14:00
At theses times the market will REVERSE. If the market was going up until theses times, it will reverse and go down, and visa versa. Watch the market carefully at these times for nice reversal moves.
When the ADX is above both DM+ lines, this means we are nearing the end of a trend. If you are in a trade it gives you time to exit, and if you are not in a trade, non of the setups will match the criteria of entering a trade, so of course you will not enter at the end of a trend.
I do not use the DOM, I use Chart Trader and place BUY STOP or SELL STOP orders, as I know exactly my entry points.
thanks, in post 465 and 468 u describe the use of 4 and 8 and i like seeying a higher time frame, is it correct to say that u will be in a higher probability if u only take trades that are on the BOTH timeframes set to trade! and are both to the rules and staying out of trades if only the 4 is correct but not the 8?
Perry, just a quick check.
Can you have a long signal on the 4R when the candle is touching both the EMA5 & EMA20 yet the 5EMA is still below the 20EMA? ( The other indicators are supporting the long ie. Force Blue, ADX <25 and not above DM+ and still climbing)
Thanks for always being so helpful.
Both are correct. You are looking at the 5 EMA to MOVE UP AT LEAST 2 BARS. If you have that and all the other criteria i.e. the high of the bar is greater than EMA 20 and the low of the bar is touching the 5 EMA you are ready to go.
Thanks Perry. I thought that was the case, just wanted to make sure.
I had initially thought the setup was when the 5EMA was above the 20EMA, but the other day I realised I had it wrong.
Regards
