This information does not constitute financial advice. You know the drill. Let's get into it.
If you tell me the 15-minute chart shows a bearish divergence, I'll probably tell you I don't give a shit. This thread will teach you why.
Understanding timeframes is crucial in trading and technical analysis.
I'll teach you what they are, how they work and their use.
This information does not constitute financial advice. You know the drill. Let's get into it.
LTF = Lower timeframe
HTF = Higher timeframe
S/R = Support & Resistance
PA = Price Action
This is why if you're trading the 4h chart, you don't care much about a 1-minute bearish divergence. The movements on much lower timeframes take place much faster than on higher timeframes.
Closes constitute confirmation.
This is why many traders get shaken out at HTF levels, as happened in September 2020.
Regardless of your style, I recommend mapping out the HTF levels. Start with monthly, then weekly and daily levels.
Or, if you're truly a chad, trade HTF and also scalp around the levels.
- Map out HTF levels
- Watch LTF PA around HTF levels
- Find a timeframe that works for you.
- Don't let lower timeframes affect your high timeframe thesis.
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The YouTube algorithm that I helped build in 2011 still recommends the flat earth theory by the *hundreds of millions*. This investigation by @RawStory shows some of the real-life consequences of this badly designed AI.
This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/
A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/
https://t.co/uAORIJ5BYX 4/
https://t.co/yOGZ0pLfHG 5/
Flat Earth conference attendees explain how they have been brainwashed by YouTube and Infowarshttps://t.co/gqZwGXPOoc
— Raw Story (@RawStory) November 18, 2018
This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/
A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/
https://t.co/uAORIJ5BYX 4/
https://t.co/yOGZ0pLfHG 5/