blubbb wrote:...MightyOne uses the indicator with different shifts (e.g. an H1 custom candle beginning at 00:30). Maybe he can it explain it a little better...
If price moves up for 11 hours then I am only interested in the period where the momentum took place and the previous 11 hours that confirms that the 11 hour rally is indeed momentum.
The following 11 hours will be hugging the momentum and the 11 hours after that you are looking for price to still be supported.
If price does not move anywhere then you can check if there is a higher time frame momentum, ZL bar, or support trade (hopefully you checked before trading the 11 hour bar).
The H1 is your home time frame
It is your job to collect pips and side step deep corrections while reentering in the direction of the greater momentum.
You only need to side step a correction once or twice
If you get too aggressive then the market will take off without you.