i have two major long term target @ 126.50 & 135.00
mtf only provide me with the big picture and i do not rely on them in my actual real time trading.
my actual real time trading in terms of price, time & pattern analysis is based on the wtf and the dtf.
and then if i need i can go as down as the h4.
in terms of importance, the wtf & the dtf are my two major time frames for analysis & real time trading execution.
the mtf & the h4 is used only as supplementary time frames charts, used only if i want to & if i want to confirm my wtf & dtf analysis look.
this pattern & long term look will fail only if the wtf plan / idea / pattern fails.
i will never wait for the mtf to confirm my entry / exits or the patterns am trading in real time.
mtf only provide me with the big picture and i do not rely on them in my actual real time trading.
my actual real time trading in terms of price, time & pattern analysis is based on the wtf and the dtf.
and then if i need i can go as down as the h4.
in terms of importance, the wtf & the dtf are my two major time frames for analysis & real time trading execution.
the mtf & the h4 is used only as supplementary time frames charts, used only if i want to & if i want to confirm my wtf & dtf analysis look.
this pattern & long term look will fail only if the wtf plan / idea / pattern fails.
i will never wait for the mtf to confirm my entry / exits or the patterns am trading in real time.