[Avoid this mistake when trading multiple timeframes] Imagine: You want to spy on your neighbour for god knows what reason. Perhaps they are doing illegal activities, you’re a nosy park, whatever. But there’s a fence built between you and your neighbour so you each have your privacy. How do you overcome this? Do you take a trip to space and spy down on your neighbour’s house? Of course not! Why? Because you are “too far” out and the sights (or images) you see will not be relevant to your needs. You’re probably wondering: “What has this got to do with trading?” Well, it’s the same concept. If you want to glean insights from the higher timeframe, you can’t zoom out too far because the information you’ll get is not relevant to you. 13.8K views00:59
