FOR SWING TRADING FOREX--Any trend reversal first starts on lower time frames.Say market is coming down on D1,4H,1H, time frames.Now on 5 minute chart market starts making higher high higher lows--obviously 5 M trend can go up in smoke quite easily--so I would think that it would be prudent to confirm first that trend has ALSO changed on 15M chart(higher highs higher lows) before buying & confirm it by checking that RSI 5 has moved above 50 on 15 M chart as well.We seek your wisdom & experience.
Really a thought provoking podcast, loved it. Thanks a lot BST for making such valuable content out for individual traders. Thanks a lot and keep going and inspiring us!
great interview, his book is also really recommendable. at the end he talked about a book whose name i didn't understand, i only understood "byside". do you remember which book he was talking about? great work, keep up the good work! :)
FOR SWING TRADING FOREX--Any trend reversal first starts on lower time frames.Say market is coming down on D1,4H,1H, time frames.Now on 5 minute chart market starts making higher high higher lows--obviously 5 M trend can go up in smoke quite easily--so I would think that it would be prudent to confirm first that trend has ALSO changed on 15M chart(higher highs higher lows) before buying & confirm it by checking that RSI 5 has moved above 50 on 15 M chart as well.We seek your wisdom & experience.
Really a thought provoking podcast, loved it. Thanks a lot BST for making such valuable content out for individual traders. Thanks a lot and keep going and inspiring us!
Glad you liked it!
Excellent trading podcast's!
Glad you like them!
great interview, his book is also really recommendable.
at the end he talked about a book whose name i didn't understand, i only understood "byside".
do you remember which book he was talking about?
great work, keep up the good work! :)
glad you liked it suxxa - book is listed on the website: bettersystemtrader.com/013