Long-term: Long term (H4) trend is down and I'm looking to short at the next level of H4 supply on an M30 chart.
Short-term: As mentioned noticed price is currently retracing to the next level of H4 supply. The M30 chart is trending up and had pulled back to a level of (M30) demand so I drilled down to the M5 chart for an entry with the M30 trend to take advantage of the long-term trend retracement.
EJ Long
Basic Method Idea: Trade with the higher time frame trend and supply/demand levels but enter on a lower timeframe. IE M30 trend down = label M30 supply levels then drill down to the M5 for shorts at those levels. IE2 H4 trend up = label H4 demand levels then drill down to the M30 for longs at those levels.
Short-term: As mentioned noticed price is currently retracing to the next level of H4 supply. The M30 chart is trending up and had pulled back to a level of (M30) demand so I drilled down to the M5 chart for an entry with the M30 trend to take advantage of the long-term trend retracement.
EJ Long
Basic Method Idea: Trade with the higher time frame trend and supply/demand levels but enter on a lower timeframe. IE M30 trend down = label M30 supply levels then drill down to the M5 for shorts at those levels. IE2 H4 trend up = label H4 demand levels then drill down to the M30 for longs at those levels.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.