mbrown replies to: EURUSD

Disliked

{quote} i’d disagree. He clearly has a setup but notice his bias. His bias is the issue as he looks at the 15m and before the 15m closes, which would determine if he buys or sells on a trend line, is then confirmed on the 1m. If you need to confirm your entry by using another tf then that calls out that the higher tf isn’t needed.

That´s fine. You can disagree, I´ve no issue with that but if I think about what you said… “If you need to confirm your entry by using another tf then that calls out that the higher tf isn’t needed.” that doesn´t make sense to me…maybe I´m missing something here..can you explain?

Edit: I need to go out soon, so let me fire first then… If I want to enter short on a 15min tf as price weakens, I´ll look to the 4hr or 1hr for guidance…if I have a bearish scenario which plays out on that 4hr then, I have the confirmation that I need [from the higher tf], to pull the trigger. But, I also suspect, you would also do the same… That´s why I´m a little confused by this statement….

Have a good weekend!

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