Storyline Understanding #2 (Intraday)
This video covers mainly how I make use of the Weekly storyline to play back and forth trades from Daily Supports and Resistances. Intraday in this definition is based on taking trades that end within the same day. I would also add that intraday trades on Gold should be held for a maximum of 100 pips before you exit and call it a day. This video also showcases the logic and reasoning behind taking counter trades from Daily obstacles with the knowledge of the Weekly storyline.
This idea works the same if price has been bearish on Monthly and Weekly and the daily shows signs of bullish storyline starting, you can take a risk trade based on this. In this particular case the reason it would be high risk to make a trade from daily bullish storyline is because both the weekly and monthly are bearish. But this is how you can take intradays.
I will follow this video up with a summary and make additions to it during the summary video.