I’ ll inform you my “routine”, then i will publish some examples.
First i test month-to-month, weekly and every day charts for have a normal overview of the scenario. Let’s assume i wish to do multiday,for looking out multiday place i deal with month-to-month, W1 and D1 with m30/h1/h4 used for search a great entry level. (Be aware: divergences on h4 generally can anticipate the change of development on d1) If i see this example in every day:
so, we’re in uptrend and above the channel (right here you will perceive what is that this
I enter/keep in the market.
BASICALLY and GENERALLY i search AWLAYS FOR: Divergences, inexperienced EMA channel cross, yellow ema break on D1 (instance: yellow ema pointing up, inexperienced candle, good sign. yellow ema flat/pointing down, inexperienced candle: not a great sign for this “technique”, however do not forget that the context and the final view is an important factor. Additionally ignore yellow ema below D1), patterns (with one candle in specific in W1) and CONFLUENCE of FACTORS: BETTER if close to vital areas/spherical numbers.
Extra issues you recognize and extra issues you’ll be able to see! take all what you recognize and put it in the chart, the channel it is simply an instrument i exploit for avoids uneven markets and for perceive if it is a good suggestion remaining/enter in the commerce: not a holy grail
If i wish to do intraday i simply search in m5/m15/m30 for the channel cross. and set TP/suppres on m15 h1 and h4 (for intraday in m5 and m15 i do not look divergences)
The candles who i on the lookout for in W1 are candles like this one:
Every day TF (all the time audusd):
Now, think about a dashboard who recommendation us on all TF when we now have a channel cross, a divergence, a selected candle on w1… we should always simply test the cross and make selections