Disliked{quote} try using TIME, it will organize the market for you and you don't have to analyze anymore. all you need is practice reading and decide what trading style fit you. TIME will give you direction and trend stages using Dow(HHHL-LLLH) TIME= number of bars in a period for example: in M30 there is 48 bars in 1 day, or 240 bars in 1 week ..... etc in H1 there is 24 bars in 1 day, or 120 bars in 1 week ... etc in H4 there is 30 bars in 1 week , or 120 bars in 1 month .... etc here is an example using GU M30, with used indi's explained: BB 48 setting...Ignored
„Direction“ seems to play less of an role in intraday trading where you basically try to catch the momentum and be in and out. I already tried all kind of directional filters but none of them improved my overall profitability.
Indicators - I try to avoid like the plaque! :-) In my eyes they are emotional bandits and don’t help. Maybe i don’t know how to „read“ them properly. Not saying they aren’t helpful to certain people.
I am kind a looking for a statistical model where following x rule will make x result over x number of trades over x time period. For example If i have a setup for 1 trade every day on GBP/USD leading to 20 trades a month leading to x profit at the end of the month - that’s what I’m interested in ;-)
Will still try to get the idea of what you tried to say ;-)