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.
If you need an exchange, join me on FTX. I got you a 5% discount on fees :)
https://t.co/Sll9nkNsRd
More from Trading
You May Also Like
✨📱 iOS 12.1 📱✨
🗓 Release date: October 30, 2018
📝 New Emojis: 158
https://t.co/bx8XjhiCiB
New in iOS 12.1: 🥰 Smiling Face With 3 Hearts https://t.co/6eajdvueip
New in iOS 12.1: 🥵 Hot Face https://t.co/jhTv1elltB
New in iOS 12.1: 🥶 Cold Face https://t.co/EIjyl6yZrF
New in iOS 12.1: 🥳 Partying Face https://t.co/p8FDNEQ3LJ
🗓 Release date: October 30, 2018
📝 New Emojis: 158
https://t.co/bx8XjhiCiB
New in iOS 12.1: 🥰 Smiling Face With 3 Hearts https://t.co/6eajdvueip
New in iOS 12.1: 🥵 Hot Face https://t.co/jhTv1elltB
New in iOS 12.1: 🥶 Cold Face https://t.co/EIjyl6yZrF
New in iOS 12.1: 🥳 Partying Face https://t.co/p8FDNEQ3LJ