. Here, he saw the "Wave." The price was pulling back, dipping into a zone of historical support where buyers usually hid. The PDF’s golden rule flashed in his mind: Never fight the Ocean; wait for the Wave to turn. Finally, he returned to his 5-minute "Execution" chart
Use a 50 EMA or 200 EMA on the higher timeframe to define the trend filter. If price is above, do not short.
: Identifies the primary trend and major support/resistance levels. Finally, he returned to his 5-minute "Execution" chart
: Provides the current trend and trading signals.
Placing risk parameters based on noise rather than structural support and resistance. 🏛️ The Rule of Three: Selecting Your Timeframes : Provides the current trend and trading signals
Monthly (To identify major institutional support, resistance, and secular trends)
It is a frustrating experience shared by almost every trader at some point in their journey. You see a perfect setup on your chart, you enter the trade, and suddenly the market reverses. Why does this happen? Chart patterns like double bottoms
Entering on a micro chart means your risk invalidation point is much closer, allowing for larger position sizes within safe risk parameters.
Chart patterns like double bottoms, head and shoulders, or flags. Momentum indicator crossovers (RSI, MACD, or Stochastic). 4. Why Most Traders Fail with Multiple Timeframes
