draugas2 replies to: Trading Made Simple


Post#647 mentioned consolidation. {image} But what is consolidation? May ways traders use to see consolidation on our charts. I use the Master Candle [3] as one of several ways to see where price action consolidation. Last week, we followed DE30 on H1 chart timeframe but how many followed on H4? There was the MC[3] and the consolidation lasted for days until we see a clear directional breakout. The APB/HA candles are useful for those of you who trade with average entry price when we do not want to enter a trade using full risk% of our trading account…

DE30 Week 35 Aug 28 H4 to close in 25 mins.

Exit rule option: Close buy when the HA candle changes colour. Not wait for the TDI green to cross below the red.

Attached Image (click to enlarge)

Click to Enlarge Name: DE30 Week 35 Aug 28 H4 clsoing 25 mins.png Size: 74 KB

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

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