This was ONLY a BRIEF explanation on HOW to use GROUPS of Time Frames (TF's) to KNOW your TREND for the GROUP of time frames you have TIME to trade. It's often NOT a matter of the TIME you have to trade BUT RATHER is "less" or "more" RISK to trade. Especially, if you prefer to BE PATIENT AND WAIT FOR THE OPTIMUM SIGNAL TO MAKE YOUR TRADE.
GREED is a powerful EMOTION. If it's not kept in check, it has the potential to ruin you financially. In the beginning, be a TURTLE by keeping your greed in check by trading higher time frames while waiting for OPTIMUM signals with less risk USING "LOW" LEVERAGE. In the beginning, do not act like a restless rabbit (feeling like you must always be in a trade) allowing emotions from greed to reck any thought of calculated PLANS to trade more wisely.
ALWAYS use multiple time frames in GROUPS to gain insight in the STORY that GROUP of time frames intends to convey. If the story is NOT clear, then DON'T TRADE. In that case, look for another pair (ticker) that does have a CLEAR UNDERSTANDABLE STORY TO TELL.
BOTTOM LINE: Be the wise turtle to understand what you are getting into rather than being a restless rabbit wanting to jump in without taking time to gain valuable insight about what you're jumping into.
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THIS PUBLICATION WAS "ONLY" BRIEF WITH NOT A LOT OF DETAIL. This publication was only to peak your interest with these indicators in the HOPE you might take the initiative to become a SMARTER trader/analyst.
I hate being "indicator of the month" sucker ... but I'm running a trading test with GodMode 3.2. I looked at your image about where to take entry/exit ... and I did my own multi TF analysis and saw a lot of correlation with price action. So i funded a small account to do a real trading and journal effort. We'll see if I can be disciplined and tune up a system
@WyckoffMode, Yes, but I have to think for myself - of course I'm observing your videos to learn. I've mostly survived trading since BTC in the $200 zone (where I bought) by not having any "guru" - but when someone is doing the work and talking I fully am into listening and investigating. So as time passes I'll of course take interest as you explain ... i mean I get you are demonstrating MTF analysis as important to see the trend and not confuse your time frames. I'm interested in perhaps getting into Forex to see how doable that is for me.
May be best to trade fake money on paper at first -OR- real money but small amounts with very low leverage while learning.
Cheers
sandog
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@WyckoffMode, My account for this trial is tiny but i think real money and real trading is the only way. My other account has a lot of size (for me) swing trading medium time but evolving into a longer term BTC position with cash reserve for dips.