A Willingness to Work When Required Equals: CONSISTENCY

Hi Everyone! A few more examples on opening and monitoring positions. Also explanation of the importance of opening your position as early as possible WHILE using the higher 30-min. 60-min. 90-min. 2-hr. 3-hr. and 4-hr. time frames as a compass for the larger moves that occur over a longer period of time. Of course we want lower IMMEDIATE Group of time frames to be lining up with what we see at the time in the SHORT Term Group. Of course, it's always best to open your position using the IMMEDIATE group of time frames WHEN you see at least two time frames within the immediate group on the verge of expansion while the Red RSI and Blue LSMA are lining up in other time frames within the IMMEDIATE group of time frames for that particular move (up or down with the expansion).

We want to remove the burden of having to monitor (work) as early as possible; unless you are a day trading scalper.

Happy Trading and Stay Awesome!

David

Kommentera:

UPDATE:

Update to the 6-hour:

Kommentera:

UPDATE:

A look at my "old" FIB's from 0.81 lower coordinate. Time Line moved to between mid to late June, 2021. Looking at $3.09 to $3.72 price range then providing we have found our bottom.

Kommentera:

UPDATE:

Looks like we "may" be getting a bounce off the White/Aqua LOWER B-Band in the 16-minute TF (Lower right corner).