One thing I found helpful was looking at the longer period trend chart. The shorter period trend may tell you the prices are heading one way but the longer term chart may point in the opposite direction. Trust the longer term price chart to determine whether to enter short or long.
I use the 15-minute chart to determine my entry point. Let's say the 15-minute chart is heading up and 1-hour chart is going the other way. I shall wait for the 15-minute candles to hit the top of the Bollinger Band and wait for reversal before entering my short position. Instead of the Bollinger Band, the moving averages can also be used as a point to check for reversal. I use 20, 50 and 200 moving averages. I use the daily candle to confirm my direction. If the candle is red and my position is short, I am at least assured that I am heading in the right direction.
I was normally in position to catch 20 to 30 pip!
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