Hi may I firstly thank you for your time and effort go read my message. I have been proactively researching your articles which I thoroughly enjoy reading. I was wondering if any of you could please guide me with regards to the steps one should take when evaluating as to whether or not to enter a trade… so this is how I do it…
How I trade when buying, same for sell but opposite:
Ok so I start off by,
- looking for tk cross (weak signal)
- check if tenkenshen is above kijunsen above bullish cloud also check if price is above cloud too
- check to see if chickouspan is level or greater than bullish cloud
- Furthermore check if chikouspan has hit price line recently ie is it giving a weak/neutral/strong bullish signal?
- Lastly check if the same readings are on H1 and M1 (steps 1 - 3) (I trade only on H1 and M1)
- Continuously keep checking M1 chart, the moment to ‘exit a trade signal’ comes I then end the trade.
So are there any more or other signals I should lookout for? Before a trade and within a trade that will help me be…thanks.