Riding The Wave - The Importance of Top-Down Analysis
In this video I explain why a top-down analysis is important when it comes to increasing the odds of price moving in your favour. I know it is extra work, but it isn't much, especially in terms of being a part of the most lucrative industry in the world.
Trading from the higher timeframe simply allows you to "ride the wave" by going down to trade on the lower timeframe. Now, this is all relative to the timeframes you are on and not based on what is considered high or low timeframes. But simply put, if the higher timeframe is trending or being drawn to a specific price or level, then the displacements in price towards that direction will outweigh any displacements via retracements in the opposite direction.
So, I hope this video gives some insight into this topic if you were wondering if it is really something you should do. If you desire higher win-rates, then the answer is yes.
- R2F
Trading from the higher timeframe simply allows you to "ride the wave" by going down to trade on the lower timeframe. Now, this is all relative to the timeframes you are on and not based on what is considered high or low timeframes. But simply put, if the higher timeframe is trending or being drawn to a specific price or level, then the displacements in price towards that direction will outweigh any displacements via retracements in the opposite direction.
So, I hope this video gives some insight into this topic if you were wondering if it is really something you should do. If you desire higher win-rates, then the answer is yes.
- R2F
R2F
Private Coaching Available
Telegram: @TradinGGrace
Discord: @pippilongshorting
Private Coaching Available
Telegram: @TradinGGrace
Discord: @pippilongshorting
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