I must have Brain damage because I cannot trade or even gather basic stats. I need to understand what trade types are available based on the market action. Then define those trades and take them based on Price action so there is no ambiguity whether they would have worked or not.
On the 30 Min Chart we define the market State. Then on the Trading Timeframe Chart we define the trend as either consolidation or directional. We then have trades based on those market conditions.
Universe I am asking for your help to finish this prove its validity and if profitable trade it consistently. I am lost without your guidance.
Look to define trend and market structure.
Slope Analysis is the best thing I know to define trend. Volume Profile and Swing Points define structure.
Slope Analysis has the added advantage of forming a holistic viewpoint of the market and enabling With trend trades.
Entries are at Volume Profile Steps or Channel Overshoots.
What is an overshoot of a channel?
Its a two legged move that extends relative to the central Median line around which price is oscillating. This may well be the longer term slope.
