theperfectsun wrote:Well trying and trying, but it does not work for me. I don't know what am I doing wrong, maybe it is just not for me.
When trading 1H horizontal lines, all trades seem late too me, when going to 1H chart I see possible signals, I switch to 5Min chart and I watch the color of 1H bias. Usually the candles are going away from go_(short or long) positions, than I wait for them to come down, the bias color changes, I step in the trade and I loose. Why? I watch 1D colour, I am carefull to go in the trades the way 1H and 1D bias is, but what the hell I don't see?
Is it possible to help me see?
Chart attached, please comment.
Did u see the BIG YELLOW 3 show up at the very bottom of the chart ?
And i see that u use stoch.
I see that the last (deepest) drop in price WAS NOT confirmed by stoch , that was a good signal.
Stoch is very helpfull to spot divergences.
In a run up , higher tops not confirmed by stoch = get out , and vice versa.Hope this helps