If you spend more time with your charts,be rest assured that you'll discover alot of entry analysis,you'll keep digging until you find your perfect strategy,not without losses thou.
Now back to my topic "THE IMPORTANCE OF TIME FRAMES".have you ever noticed after you placed an order based on a particular time frame e.g 1hr chart,then you just decided to check other time frames and you noticed that some time frames are contradicting with your entries direction...At this piont i would like to introduce the power of ADX on all time frame analysis,it is basically known that any trend line (red-sell,yellow-buy) above 20 on the adx is a strong trend,now before making any entry make sure that the adx is above 20 on all time frames,definitely all wont cross at the same time,so wait for the last time frames adx to cross before making an entry.
Try this out and you might get positive result...t.p minimum of 20 pips but watch out for fundamentals
Now back to my topic "THE IMPORTANCE OF TIME FRAMES".have you ever noticed after you placed an order based on a particular time frame e.g 1hr chart,then you just decided to check other time frames and you noticed that some time frames are contradicting with your entries direction...At this piont i would like to introduce the power of ADX on all time frame analysis,it is basically known that any trend line (red-sell,yellow-buy) above 20 on the adx is a strong trend,now before making any entry make sure that the adx is above 20 on all time frames,definitely all wont cross at the same time,so wait for the last time frames adx to cross before making an entry.
Try this out and you might get positive result...t.p minimum of 20 pips but watch out for fundamentals
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