Tymen,
Let me see if I understand this whole trade correctly. I’m using MetaTrader so I don’t have 20 minute charts but I am looking at the 15, 30 and 60 minute charts.
First I identify the evening star at the upper Bollinger Band on one of those timeframes and look to enter on the second bar after the evening star.
Next I switch to the 5 minute chart. It’s a little confusing because it seems to contradict the earlier charts posted but on the latest charts you would go short when the middle Bollinger band is up, MACD is up and the price is at the upper Keltner channel band?
I’m still trying to understand the vectors and the resultant direction of the price.
Thanks, I’m learning a lot but I’m still a little confused.
Max
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