Once its more than 3 TF you are already over complicating things.
1 for Bias
1 for set up
1 for confirmation.
But however i have manage to find a way to do everything with one TF.
One time frame for bias, set up and confirmation, because everyday i aim to be a master and the proof of mastery is Simplicity not complexity, the proof you are deep is how well you can be simple.
Actually speaking LTF trading is very stressful, when you've got some money from it, i see no reason killing yourself there.
Like me I'm working on not going lower than H1 as the year goes by. Because I'm getting very busy with real life activities, and trading is meant to be for freedom, Not chart slavery.
Well it's relative, to a position trader H1 is a lower time frame.
The Easier a strategy the easier it is to execute, the easier it is to study and review and journal.
The Easier it is to spot it, the easier it is to refine, Literally Everything becomes easier.
3 to 4 Checklist is more than Enough when you open your trading view. I have said it before all those Movement from yearly, monthly, daily, h4 then h1, before spotting the entry is not necessary,
Know your type of trader and select your Tf accordingly
•This is a realistic way to make a $100k by August.
•Basically ₦1m - ₦140m
Risk 10% of starting balance at every phase.
The Number of trades for each stage will differ depending on your risk to reward and win rate, Hence I covered it, and also to avoid pressure.
Just Focus on the Targets and Risk, The timing and Number of trades should not bother you.
Happy New Month, Will be active from henceforth.
See you in 90 Days or More➕