check
your chart...busy..whilst i have no doubt it grabs peoples attention..i wonder how long it retains it...sometimes less really is more ...your time frame...perhaps course? dunno ...i do agree that being above the yellow dotted line is preferable to being below it
how does it look on other time frames? does the narrative match? how about stretching it out so all those spikes are smoothed...still drive the narrative? anyway..like the work and daring to be different
+1 WOsMerit
carry on
One IMPORTANT RULE "not" listed above is the following:
If scalping using the short term group of time frames (30-min. 60-min. 90-min. 2-hr. 3-hr. 4-hr. 6-hr. and 8-hr.) to make your entry for a short or long position SCALP, you want to MAKE SURE the 12-hour, 24-hour, 2-Day and 3-Day time frames show UPWARD PRESSURE for a long position if your are wanting to open a long position scalp using the Short Term Group. If you are wanting to open a short position scalp using the Short Term Group of time frames, MAKE SURE you see DOWNWARD PRESSURE ongoing or about to occur in the 12-hour, 24-hour, 2-Day and 3-Day time frames in the Near Term Group of Time Frames. This MUST be done in order for the rules to be CONSISTENT.
If you are a swing trader, you would make sure to open a long position using the 12-hour, 24-hour and 2-Day time frames in the Near Term Group of time frames that's during a period of upward pressure shown in the Mid Term Group of time frames for better consistency. If opening a short position using the 12-hour, 24-hour and 2-Day time frames in the Near Term Group of time frames, MAKE SURE you see downward pressure within certain time frames inside the Mid Term Group of time frames.
The TREND is our FRIEND. If we open our trades WITH the trend, we will be more consistent.