And on the 1 hr . I use all the timeframes ( they"re Free!) but mainly watch the 15 min
notice the big pinbar (where i bought) normally a sign of big supply but in this case we have the lows moving strongly upward. lots of top pin bars indicates supply(sellers) so there should be lots of short sellers stops above this area. That means lots of buy orders.
Also notice after the big pin bar price close Above previous close. in other words all that selling couldnt stop the move up!
I now expect to see an "all demand' bar to go above the previous pin bar as most sellers whose stops were there are gone . next lot will now be above the pin bar
No Probs Here is the daily.
Notice the uptrend. also notice blue dashed line at 1214.27 previous R price now back above. my stop is below that line as shown on the 15min chart above.View attachment 90338
Trade close with auto trailing stop. Win was about 1.5x R .. Looking over the trade should have entered on the uptrend line with a buy limit order and had another order a bit higher above R with stop under R.
, in case limit order not hit.Give this a 6/10.
Going to start another thread with the next 100 trades.