Yoohoo, What would be your advice about "how much is enough" in regard to factors being in favor of the trade (reversal)? Like, simply reversal pattern without anything is not that good, but how many additional clues are usually enough for you to call it a trade worth to take?
V good question. The only reversal I take on reflex is Knife - but it has two things it exhibits - distance and quality. Other than that I scan lots of charts to quickly build up a case for/against. Take this bottom on 1 min - 3 taps - 1 min CCI diverging and then makes a low - that's hot. At same time 2 min CCI in clear divergence - now I got a little more energy 5 min CCI triggered - I can at leaat scalp this and see if it rolls over
Yea entering on 1min and rolling over to higher TF's is a great art to learn... This is an awesome concept!
If I can find and TL or S&R with a reversal bar/candle that will do especially if there is distance or time before it. If not then look for support clues on your indicators. When I take 1 min micro trades I prefer to look across the charts and see if I have support energy - the 2 minute as a min. If I can see the energy build up on a five then it should have legs or at least provide a B/e safe trade, and chances favour nice PIB. Working inside a triangle like earlier is easy at the start - good base on 1 min and decent run. As it gets narrower it gets tricky unless you really know what to do and if I try to explain it I will really throw you off everything you have learned - there is no relationship to what I've shared so far. But if you don't get too clever and stick to the more obvious you will score a big PIB every day. But I see that 73 reversal as obvious to you at the moment. CCI and fluid move with quality bars is a reflex reversal. Quality makes safe trading. CCI + quality is a gift.
Yea there's around 100,000 registered on ET - probably 80,000 and the rest JH bashers that use new names! but look where these poeple feel safe and preach what works. Thank God for these wonderful people looking for safe TF's to trade in - when we roll over a TF they start to come in. ET just represents the world at large. TF's = buyers in an upmove etc. In spite of this thread not even anywhere near 1% will be able to do this.