Using Multiple Time Frames with Trend is a Terrible Idea!



TECHNICAL ANALYSIS HERESY OF THE DAY:

Don’t trade in the direction of the trend of the higher time frame.

  • What do I mean by multiple time frames?
  • The traditional teaching.
    • Why that isn’t “optimal”
    • Why you could get away with it in the past.
    • Why you can’t get away with it now.
  • My “heretical” teaching.
    • Use momentum instead of trend on the higher time frame to confirm your trade on the lower time frame.

 

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