This thread is dedicated to study the three times frames that is weekly, daily and 4 H. Spotting the weekly trend and than following the daily along the weekly and fine tunning the entry in 4 H.
--Weekly will only give trend and no entry or exit will be made
--Daily will give signals and will be followed along weekly direction only
--4 H will be used for fine tunning and not for signals at all
Can you see after seeing the market structure in three time frames, how good will be the entry and exit and how false signals by any of the indicators will be eliminated. This is the basic building block on which short term system will be built later on.
Please do discuss first the corelation of these time frames so that we can proceed further
--Weekly will only give trend and no entry or exit will be made
--Daily will give signals and will be followed along weekly direction only
--4 H will be used for fine tunning and not for signals at all
Can you see after seeing the market structure in three time frames, how good will be the entry and exit and how false signals by any of the indicators will be eliminated. This is the basic building block on which short term system will be built later on.
Please do discuss first the corelation of these time frames so that we can proceed further