I would enter at a- when,
- Price stabs the minor resistance area marked with the yellow sguiggly line labeled as a-.
Confluence with trendline, and 60SMA.
All sounds good, and something I would have taken back in 2020.
I was stuck back then in this "belief" that I should only check two time frames, one entry and one higher time frame.
However, I was very wrong. It would work that way if one were to enter on the 4H time frame, and taking the direction of the Daily time frame.
However, I realised it doesn't work, at least for me.
I am missing out on alot of movements I should have taken note of, such as the price breaching the Daily major Support level.
Of course I was figuring things out, and I am still figuring things out.
I think there is never an end to learning.
Just 1 to 3 trades a month is good enough. Allowing my mind to relax while I eyeball trades and setups.
I am just eyeballing this setup now.
I don't believe this setup is a good one because price just touched the daily Major support.
If there is not support level in sight, I would enter on this trade.
Not to say this setup wouldn't work out, because it could, as institutions come back to sweep the Daily major support's SLs' before heading back up.
But for myself I don't like this trade and I will not enter on it.
1319SGT
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