One of the most common mistakes made by traders is focusing too much on lower timeframes, such as the hourly chart or, in some cases, the 15-minute chart, and switching their bias on every red or green candle. Bears in the red candle start yelling for a dump, and bulls in the green candle start yelling for a pump. The majority of people's hard-earned money is lost in price action like this.
They trade when it is not appropriate to do so. What ought you to do instead? The solution is straightforward: focus solely on what is occurring in the high timeframe and use that information biased in your lower timeframe setups.
Take a look at the pictures that are attached. In the first image, chart boys call a move up, down, up, and down multiple times per day or week in an effort to appear cool. And the second picture is what HTF is actually doing.
Absolutely nothing, correct? Pay attention to the HTF only if the trend is bullish and remain with it unless it shifts, and if the trend is bearish, remain with it unless it shifts instead of wasting time on these 1 hour and 15 minute charts and changing your BIAS multiple times throughout the day. Could you please name this paragraph?
