DislikedI have 3 questiones: 1. We have red dashed trend lines , yesterday it matched perfect 1.2120 and price have retested this line at least 2 times. My question is how many times you buy when price restest red dashed TL ? I have noticed that it retest up to 3 times and then breaks that level. 2. If the price break most recet red dashed TL next one is still valid ? 3. When the price is above green WMA we always go bullish while below bearish ? Many thanks, Ziemowit {image}Ignored
- Question: I buy as long as my "NEWEST" logic works.. Image explains how I improved my previous logic.. The touch to the Dashed trend lines are always like a puzzle.. You must think of all possibilities: A-Will we have a touch? If yes, B-Will it become a bounce up or close below? If it becomes a close below we can't buy. We either wait or scalp-short! If it bounces after the touch then just as I explained on image A1, we mark that candle as a skip candle and wait for the next touch to the Dashed-RED TL..
*If one of the two following candles touch the Dashed-RED TL we immediately buy and also mark that level as buy level.. After that hopefully the bull trend will continue.. But if you were right and price went up and you took profit but then if price comes back to this buy level you keep buying any new touch to the BUY LEVEL.. (Don't get confused you are always buying the touch to BUY LEVEL)
**If one of the two following candles can't touch the Dashed-RED TL now you have to wait for a deeper touch and repeat the logic.. The deeper touch will become the skip candle and once one of the 2 following candles touch the Dashed-RED TL you immediately go long and mark that level as buy level.. Rinse and repeat..
***But also please know that if any candle closes below the most current buy level after you went long you have to be careful.. You can close your order with loss or you can wait how the deeper touch will act.. It is up to you.. I prefer to wait for 1 more candle or 2 before I decide to accept the loss..
****My example was for buying.. flip the whole logic for selling.. - Question: I think you mean if the previous Dashed-TL is still valid once price closes below most current Dashed-RED TL.. and the answer is yes.. but you must apply my A1 logic to that line again.. You can not blindly buy the touch.. The crucial trick here is: As long as candles never went below GREEN line all previous Dashed lines are valid.. Once there is a close below GREEN I prefer to ignore all previous Dashed-RED lines and reset my logic.. Again: I explained the buy scenario.. Flip this idea for sell scenarios..
- Question: Yes! Above GREEN line we always think of buying dips.. Below GREEN we always think of selling up-swings.. BUT: If your MACD shows divergence or you see evidence that trend might be ending then and only then you can begin to risk scalper sells.. But this is generally not an easy task. So be aware to know what you are doing and don't fall into the nasty habit of trying to pick tops or bottoms.
- I couldn't understand your 4th additional question.. Which black moving average are you talking about? If you explain I can answer..
I hope it helps..
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