Thank you for this. I too observed the first part from a few months after I started analyzing my past trades. When I switch to my lower timeframe, I was not able to see the macro picture and sometimes I see a different picture and different enteries too. But later I started following only higher time frame and for enteries only I switched to lower time frame, that improved my trading to a different level. I was following second and third ideas already. For the second one, since I do option trading, along with the proper SL level, I also need to improve on the price action for the enteries on right time. Thanks again.
I use the exact same approach. I believe the major part of day trading is knowing when the market is trending or consolidating. If you can master that part, 75% of your learning process is completed. I still get it wrong on some days but I know how to distinguish the 2 to an extent.
Thank you for this. I too observed the first part from a few months after I started analyzing my past trades. When I switch to my lower timeframe, I was not able to see the macro picture and sometimes I see a different picture and different enteries too. But later I started following only higher time frame and for enteries only I switched to lower time frame, that improved my trading to a different level. I was following second and third ideas already. For the second one, since I do option trading, along with the proper SL level, I also need to improve on the price action for the enteries on right time. Thanks again.
I use the exact same approach. I believe the major part of day trading is knowing when the market is trending or consolidating. If you can master that part, 75% of your learning process is completed.
I still get it wrong on some days but I know how to distinguish the 2 to an extent.
exactly! cant agree more
Its great to see you putting it into words! Great content! Absolutely correct.
Is possible to have certain rules which can work in any situation?
That is the point of having rules my brother.