Hi guys!
I have learned so much since joining this community! It's hard to believe that I didn't know squat abut day trading or futures just two months ago. While I haven't had a lot of success yet, I believe the success will come if I stay focused and keep learning.
That being said, I feel like I'm at a point in this learning process, where I am a little bit stuck. I've been doing extensive backtesting and am fairly confident in that, but I know I can improve even more. I've heard coaches and others talk about the importance f multiple time frames. Specifically looking at the trend on the daily, hourly, 15 minute, and finally whatever time frame you entered on. What I've heard is that being aware of these trends can help you establish probabilities of your trades.
Can anyone help me understand this a little more? For those of you that do this as a part of their trading, would you be willing to share your workflow and thought process?
Thank you in advance!