This is an extension for the following post :
This is just an example, using a random entry-based / trend following based indicator ( True Strength Index) to time our entry. I do not necessarily use this indicator), to showcase how the ability to navigate the market via this simple concept potentially limit the market noise and only take any trading signal if the criteria were met (i.e only take bullish signals after price broke Monday's low on Tuesday or Wednesday)
For this particular chart, when the line cross the zero-line, that is generally a trading signal. Taking ALL the zero-line cross signal would be very dumb. Using this navigational concept as a filter, you would filter the whipsaws and gives you more chances to be in a high probability trades.
This is just an example, using a random entry-based / trend following based indicator ( True Strength Index) to time our entry. I do not necessarily use this indicator), to showcase how the ability to navigate the market via this simple concept potentially limit the market noise and only take any trading signal if the criteria were met (i.e only take bullish signals after price broke Monday's low on Tuesday or Wednesday)
For this particular chart, when the line cross the zero-line, that is generally a trading signal. Taking ALL the zero-line cross signal would be very dumb. Using this navigational concept as a filter, you would filter the whipsaws and gives you more chances to be in a high probability trades.
