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march 4
with the ddt on the open, we had some opportunities to get on board….Ultimately, we had plenty of room to the London Lows.The initialcross of macd/signal happened with a flat signal line.The response to long Pullbacks was minimal.There was 2more pullbacks.The point is, see what fits, and based off the ddt on 5min, look for the nearest london/asian high/low/mid ,and prev h/l/c
We actually tried the 4th pb.really? 2nd and 3rd pbs could have been TL break entries.
Keep in mind, when a top or bottom is found, the macd will not always be diverged on 5min.However, if 1min gives a nice signal, we have to look at 5min and try to understand that there cam be a cross…and certainly 20 -30 ticks.
Aslo individual 5min candles and 1min vol spikes(5 also)
this is something that confused the heck out of me today…aup with good opportunities on both sides.The only traade i took was the 5min converg short/1min dt.Seeing the long opportunity was no surprise.However, as we dt on the 5min at rth highs,macd is totally divergent under signal line.So that was a good short.Price came down again and there was another long.A battle going on, as DC mentioned.The explanation he gives makes a ton of sense.Battle between orh and vah,vah winning out.
Also, simply put, for a bit ,price rotated in a box, which we see often.Even if rth range is over 100,or whatever.I would imagine that this would be between poc and vah/val.The question is, how does this relate to or.I imagine that we could surmise a preferable direction , even with a box.Meaning, not to take both sides of a box, only one side .For instance , if rth hod is also orh , amd we are in a "p"formation ,with a box…we would look to 5min macd and try to discern a preferable direction…maybe shorts, for failed a ups.Something to think about
of course this means that we need to pay much better attention to tpo.
3/7i too k 2 trades off the open ..shorts, before we even challenged orh.The 30 min loc was ascending.There was an ascending TL , but the 5min macd was no good.I noticed this TL ,but how do we enter.?The 15min might have had a better divergence….i have a feeling eth vwap played a part, but im not putting that back up at this point.
In the future , when there is a sloping TL into the open, watch 5 and 15min.Its a longer time fram entry.But , i think we still have to get something decent on 1 min
As far as shorts go, shouldnt be considered until above orh beyond London /Asian highs,and the 30min loc gives us a reason(but,,……watch for 5min converge /1min converge above orh and ON highs….Especially because we launched off of TL
Regarding the 2 shorts….the 5min isnt even close to being setup…need ddt with HH for that, which we eventually got.By the end of day, the 3rd and 4th trades made up for the 1st and 2nd…..theres no point in digging holes on bad trades