Mr. Hyde wrote:brettnchrism wrote:
Ok here is gu shot mo at the 50% line, I have an hour that closed below the up candle small pull back and I went short at the arrow candle, stop is at the swing high. I believe this is a good sell set up?
Well first I wouldn't be trading right now. 2nd your not at a 4hr or 1hr 50% area or where a 1hr/4hr candle broke out. The only reason I could see taking that trade would have been a close over/close under of a dragon line. Not saying its right or wrong, its just not a trade I would take.
Mr Hyde here is my chart on H4, I thought that hour entry was correct. At 50% area H4, then got a hour close below an up bar. I am still trying to see
these set ups. Ive added some indicators to my chart see if they stand out. Thanks you for your help.