Quote:
Originally Posted by pipvader
i would like to if doji's and spinning tops are reliable triggers on the smaller timeframes?
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Wouldn’t we all
Reality is, they only work consistently as & when the bigger picture also plays ball.
Nothing to stop you running a small (trigger) timeframe such as a 1 or 2 minute side-by-side a 15 or 30minute frame though if the faster environment suits your style & psychology.
As long as you work your tickets in line with the dominant flows, you can use the peaks & troughs off the smaller (1 or 2 min) frame to time your entries from the price behavior on the larger (15 or 30 min) frame.
Jimmy offered up a couple recent examples this week of a typical combo. Couple of fella’s we used to work with have played that type of set-up on futures, as well as FX instruments, for years.
You need to study bar blending behavior to really get a comfortable handle on it, but running a preferred timeframe combo alongside each other & closely observing the various combinations will get you into the groove.
If you also got a decent take on s&r execution, then that type of trade trigger can pay dividends.