Watching for a confirmation on the H4 and H1 for a good entry.
After a few losses I started to solidify my system and the confirmations I'm looking for.
-Set the pitchfork on the Daily chart and Weekly RSI
-Does the trade coincide with the higher time frame trend? (If no then no trade)
-Is the trade returning to the median line (If no then no trade)
-Will the trade encounter a significant S/R in the direction of the trade? (If yes then no trade)
While I continue to research the use of Median Lines, I have begun looking into Fib retracements to find the best entry points.
After a few losses I started to solidify my system and the confirmations I'm looking for.
-Set the pitchfork on the Daily chart and Weekly RSI
-Does the trade coincide with the higher time frame trend? (If no then no trade)
-Is the trade returning to the median line (If no then no trade)
-Will the trade encounter a significant S/R in the direction of the trade? (If yes then no trade)
While I continue to research the use of Median Lines, I have begun looking into Fib retracements to find the best entry points.