Agree on all accounts.
Is the larger time frame overrated?
- Thread starter MarketAddict
- Start date
Agree on all accounts.
As a 24 hour trader, what you must do, is learn to take the signals off the fast timeframes but always keeping an eye on any rapid development accomplishing significant changes in the slower timeframes, as this could turn what started as a scalp into a multi-day hold, therefore obtaining sickening risk reward ratio.
This is where the gold is at.
This is where the gold is at.
I have the higher time incorporated inside a lower time frame chart, but I use it as a guide, since trends can change and you need to know when the trend has changed. Also, I don't use the 1 min time frame since I consider it noise.
Nothing is noise.
Bingo when the stars align and you see the fast interact with the slow and you get one of these duhhhh setups you better pile on because it will make your month if it works.
Quote from xelite777:
Problem is, by the time all the stars are aligned like you said, the trend is already consumed and you are too late to the party, all the smart money is already gone.
Unless you are content with the crumbs...
You are referring to multiple timeframe alignment, this is not what he or I meant.
We are talking about noticing the fast timeframe accomplishing great things in the price action of slower ones, hinting that a potential ride could develop, leading, ironically, to multiple timeframe alignment....
shhhhh don't tell everyone..
