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simplegreen

01/05/13 6:14 PM

#110856 RE: pennies2007 #110850

I really like to start with H4..and on H4 I decide where I think its headed..once set to last H4 swing levels I drop to M5 or M15 to set levels and trade it where its at...not just where I think its going.If H4 is above he 38.2 to 61.8 consolidation channel I must consider it somewhat bullish overall...if below I consider it bearish.Then when I drop to M5 I get a better handle on whether to buy dips or fade rallies.