MightyOne wrote:v8power wrote:
...but what about when price is in a range and keeps breaking the high and low, but always reverse's. I know there is the simple stuff like wait for a close and a break of that bar or rectangles and what not. But I figured why not ask and see what MO thinks.
1) continue to trade away from the monthly midpoint
2) if there is a breakout of the previous MN candle then trade away from the extreme until the midpoint of the current candle either surpasses the extreme or the next candle opens.
If you are watching a small chart and you become lost in congestion then click to a higher chart.
If you are watching a large chart and it fails to maintain prices beyond a pivot then click to a smaller chart and trade the reversal.
I always see you say click to the HTF and it literally never crossed my mind. But thanks for the advice, as always it is much appreciated.