Quote:
Originally Posted by pippy longshorting
for example, if you have a cross and step on the 15 min chart, look down to the 5 min chart and wait to enter until you have an indicator on the five min that corresponds to your indicator on the 15 min.
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I did try this, but got even more confused lol.
Sometimes when the 15min says buy, the 5 mins already has gone up and is in overbought. So i wait on the 5 minute to get a good buy signal there to, sometimes the 5 minute stays in overbought for a long time, in which case it is often to late to enter on a 15 minute, so you miss the trade, or enter too late
Other times i enter on a 15minute (ignoring the 5minute) only to check it later and realise the opposite of above. This time the 5 minute was showing overbought and turned down momentarily, before continuing in the 15 minute direction. So i got in too soon at a bad price
Talk about confusing! lol
Anyone else finding this or has a solution? For now I will still stick to 1hour filter and 15minute entry/exits
Thanks in advance
steve