dojirock wrote:I first wait for semas to start lining up. Then look for RB or 50 lines to start forming with a lower high, lower low. The daily candle had gone bullish then below the daily open, so I was trading away from the extreme on this one.
OK, to clarify on this and the marrying up of TFs.
1. You're looking for an H4 sema to be at the same price as a previous H4 sema?
2. You're then looking for RBs or 50s (I understand both, no worries, thanks) on the m5? OK...what about when you've said gonig with the higher tf rb?
3. You're trading in the direction of the daily?
And these are rules or just in this instance?
Am I being too mechanical about this?