Karma wrote:newscalper wrote:Charts re what I was talking about.
Top line is weekly/daily bottom current H4
Now I have to say I didn't trade this one, this is just what I would be seeing
Trading pure price action. It hits the 4h "something" is rejected a little and then plummets down. If it's not trading up it's going........
As far as that particular something is concerned
I don't even see it on the chart
[highlight=red]just because there is "something" in the way
doesn't mean that price can't break it[/highlight]
Which as I said blows the entire theory of looking at higher TF zones as point of entry out of the water unless they are failed ones.