Your right, the sema's have nothing to do with this exercise. See how easily they can take the focus off price action?
Like I said, there is now right or wrong answer, but this is the bias time frame and bias would not change unless there was a "close over" on the next time frame up. You are correct in saying I would use the 5 min as the entry time frame.
Im at a bit of a loss...on your lines. I cant define why you draw your lines per a criteria that seems to fit all the time. They seem like to me you may have random or various ways of drawing them.
Now does this mean they are wrong?...no, not if you can trade them.
I use two colors just to avoid confusion while trying to explain how I see what I see, and also if I were to turn off the candles, I could with good certainty still trade based on my colored lines.
newscalper wrote:I'll bite
I wasn't considering if'/when the bars broke as another poster has, I've drawn the lines as they would have been. I assume these are lines to trade on the M5 as it's usual to trade lines from a higher TF tha nthe one you're looking at otherwise you won't get the range/r:r/whatever. If the answer is to be the only ones of interest are where the semas are...consider the semas were not where they are now at point of drawing the line.