Trading system based on short-term and medium-term fluctuations.

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Aloha Kabash,

Thanks for posting more charts to show your idea.

Would it be possible to write on the chart why you entered where you did?

To me, it looks more like you trade BOs of previous highs/lows. I cant figure out how the last several charts you posted follow your strategy. On some trades, you entered before seeing a HL and HH (up trend) and LH and LL (down trend). Other seem to be entered late.

I think a written explanation of the why on a chart will help
 
SunTrader, what does the closing price of a 5-minute bar or a 15-minute bar or an hourly chart give you? Even if there are three consecutive upward closings, you can understand whether this is a continuation of the trend, a correction, or a reversal. If there is no strong news, the price takes everything into account and draws a chart that you need to learn to "read". And the system helps with this.
 
kabash said:
SunTrader, what does the closing price of a 5-minute bar or a 15-minute bar or an hourly chart give you? Even if there are three consecutive upward closings, you can understand whether this is a continuation of the trend, a correction, or a reversal. If there is no strong news, the price takes everything into account and draws a chart that you need to learn to "read". And the system helps with this.
More...
I look at it the other way, what does highs and lows give you? Many times they are spike bars with a few, relatively speaking, trapped traders. Which I find unimportant. Fund flows rules, not the few gullible suckers.

Therefore my comment, that I prioritize closes.

Whether on daily or minute(s) timeframe.
 
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