I've changed up my MT4 setup that I posted on the first page of this thread.
I have a thing for the level sensor tool and have been tweaking it as per our discussion here:
Level Sensor Help??
I've added Blubb's Custom Candle (I guess a different version than the one Mighty One is currently using.) It makes it WAYYY easier to correlate the action on the M30 to the H4.
So maybe using the H4 level sensor as a Buy Zone when price approaches. Just trying to find a way to hold on to longer moves as H4 charts seem to suggest.
So here is the attachment, it reflects Friday 4/23 afternoon:
{Note: the H4 level sensor line appeared sometime before the end of Tue, 4/20
(sorry, HAD to do that one, lol).
--I used the crosshair tool on both charts to line up 124.64 and further show my 'main focus' price action (brown circle).
--The orange circle occurs during the 3P-7P [NY EST] candle, so I probably would not trade it due to low volume of all the trading sessions closed. But then again, if you
have an edge, you're supposed to trade it through and through, I think they say, sooo....
hmm, maybe throwing just one trade in won't hurt the P/L too much if I'm wrong...
--Not certain how much attention I would pay to M30 level sensor, just b/c the level sensor happens on the H4 doesn't necessarily mean there will be a matching one on the M30. AND
DEFINITELY don't expect to get a nice pair together like in this pic.}
<I also take this screenshot once a day, so if you want to see how Tue, Wed, Thu played out, just let me know; I might not mark it up all nicely, but still...>
<hope the markup works for you guys>