Re: Telegram Trades Discussion

#90
capsmart wrote:
Tue Oct 13, 2020 8:40 am
Hello Team
Maybe it has been answered before but I will ask anyway.
What are you looking for, before taking the trades on the shorter time frame?
I would expect to go short since we are under the MultiTrend lines.
I always look for the overall trend on the higher time frame (such as H4). For quite a while we have uptrend on GBPUSD and most of the time I look for the long trades, of course.
On the minute chart, I look for major flush down (usually happens right from the open) and try to buy the bottom. But at the same time, I need to see the price tend to return to the upside. Look at today's minute chart (together with my trades): the price moved quickly down breaking the bottom but came back the same quick and never look back. This is the spot I look for.

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