Suppose 15 min has a PL but 30 is still silent. Then do we enter on only 15 min pivot ? The answer is CLEAR NO. But when we have a situation when 15 min PL is breaking and a 30 min completed bar is showing black candle and/or 60 min is also bearish,we know that all TF are converging to going short below 15 min PL.
Regarding the above bolden line, If a 15 bar has triggered a short at break of 15 min PL setup. Then it is almost always likely that the 30 min bar that has just completed or is about to complete will also be bearish. I mean looking at the 30 min bar after a 15 min pivot break is a redundancy.
Please provide an example where a 15 min pivot H/L is broken but the 30 min tf is not supporting the move.... that will throw ample light.
Thank you.
PS: However, if you mean that we should be looking at one 30 min previous bar (before the 15 min pivot break) then I guess that would indicate the momentum. Pls provide ex. of a time when the 30 min does not allow the 15 min pivot break entry.
Filter 0f 7 to 9 for trades on PL. 10:30 candle is a small body candle,not a strong red candle. But I will take this trade and reverse fast if it does not work.The larger TF not spoken loud and clear so far.
Filter 0f 7 to 9 for trades on PL. 10:30 candle is a small body candle,not a strong red candle. But I will take this trade and reverse fast if it does not work.The larger TF not spoken loud and clear so far.
Speaking of it, since one is looking at the 15 min tf to trade (instead of 30 min as it is before 11.00) then moving our sf bar by bar should be according to 15 min, right?