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Same with LBT 5min yesterday ..so we can scale this system to...

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W3hunter

13,680 Posts.

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15/03/24

17:31

Post #: 72911283
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Originally posted by W3hunter ↑

Here's an example from a trade today 5GG...the retrace started on the 2 min chart. I watched it go down to the 65 ema and 62% Fib (roughly) at that point set up a trend line and wait to see if MACD crossed the axis line...nup didn't cross and price went on to make a lower low, so I set a new trendline (note the lower angle this time because of the new information) and waited again . this one triggered a MACD confirmed trade. View attachment 6037476 View attachment 6037479

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Same with LBT 5min yesterday ..so we can scale this system to anytime frame which is very exciting! ..just need to locate the right time frame (by retrace to 65 ema and 62 Fib then wait for MACD confirmed TL break) if its not there then move to next time frame and wait ..that's it!
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