TheRumpledOne wrote:1) Always post a chart showing what you are talking about
2) I don't know if you are on TradeStation or eSignal. In either case, use Dynamic_SR2 and buy at/near support and sell at/near resistance.
3) You enter AT the midpoint not before, not after. You always go long on a green candle and always go short on a red.
I have been pondering this site.
Queries on above comments.
I trade EURUSD and using the 5 min and 60 min.
In items 2 and 3 above are you talking about two different trades?
In comment #2 would I use the 60 min. and trade either short or long when the current bar crosses the previous bar mid point and trade in the direction of the cross?
If so what it the strategy when the current bar opens above or below the prior bar midpoints? Do we wait for it to cross and if it doesn't then wait for the next sixty mintute bar?
In comment #3 would I use the 5 minute with dynamic support and resistance and trading off of support and resisantce In the direction of the colored candlestick?
In the case of 5 minute bars, am I concerned about the mid point cross on the prior 5 minute bar?