Mr V thanks for your priceless post on this blogsite and FF it has
really change my trading performance for the better. while following
your style of trading i discover you mention the daily is it absolutely
important that one check the daily before making trade? thanks
First of all its a pleasure.
The more information that you have the better. Multi time frame analysis is the way to go without question.
If
you are going against the D chart then you've got to have good reason
to and thats more than one candle on a 1hr chart e.g. a proven historical SR level,
divergence on more than 1 time frame, good candles/formations, price
clearly showing resistance at that level.
All my comments at FF
have the D chart as a starting point, even if not specifically mentioned.
If my comments help then its with that background in mind and so the
answer would be yes. Follow the D chart until you have very strong
reaons not to.
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