Practical Exercise - Understanding Fractal Nature
Market develops in FRACTALS.
Understanding how each timeframe is developing is important in timing our trade entries. When we decide to take any trade, we now have a better understanding and expectation of our trades.
Practical Exercise
1) Find an example where the two timeframes' bias are aligned.
2) Find another example where the two timeframes' bias are NOT aligned.
3) Keep trade of how these two examples develop.
Understanding how each timeframe is developing is important in timing our trade entries. When we decide to take any trade, we now have a better understanding and expectation of our trades.
Practical Exercise
1) Find an example where the two timeframes' bias are aligned.
2) Find another example where the two timeframes' bias are NOT aligned.
3) Keep trade of how these two examples develop.