{quote} Hello, Jav! Do you remember what Big E asked in probably the most important post of his? "What's the higher time frame saying?" So you can look at a higher time frame, be it W1, or MN, see which one works best with D1 chart. Maybe you'll find out they both work out well, and you should check them both before entering a trade on D1. Or... You can do it the other way around. You can first check the higher time frame, and then look for setups on the lower time frame. Let me give you an example: (Your pic shows the the D1 chart. I see some nice...
{quote} Hello, Jav! Do you remember what Big E asked in probably the most important post of his? "What's the higher time frame saying?" So you can look at a higher time frame, be it W1, or MN, see which one works best with D1 chart. Maybe you'll find out they both work out well, and you should check them both before entering a trade on D1. Or... You can do it the other way around. You can first check the higher time frame, and then look for setups on the lower time frame. Let me give you an example: (Your pic shows the the D1 chart. I see some nice...
Very good detailed explanation. Thanks heaps Catalin!
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But that's for the next year to test, when the markets start moving again.
{quote} Hello and thanks Catalin for the very informative knowledge on the top down analysis. Really appreciate all the guidance. Reading through the post, I ponder on 2 items: 1) Whenever doing topdown, what would be the 'rule of thumb' to scale down? Your example would be from D to H1 and MN/Wk to D. So scaling down to trade is at least 24-6 times of the higher TF? Is there a guided number? Would H4 trading requires only D and Wk? 2) There are some instances during backtesting, whereby price went past PAC but was rejected initially, followed by...
GJ H1 sell at LO high of the day, EMA 200 and Double Tops, TDI bounce on H1 {image}
