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TRO, lucky to have you here to teach us the great trading lesson. I wish I had read your posts in the other forums before.
So I guess we really don't look for the trend in the larger timer frames since the determining factor is the very previous bar in the trading time frame?
Well, if some people had had their way, I would not be posting here.
THERE IS NO TREND.
TREND IS A MYTH.
Price action is in the moment.
PRICE IS THE SAME ON ALL TIME FRAMES!!
Do NOT be fooled.
If you have been reading this far, then you should be able to SEE through all the BS.
Why do you think 95% of traders lose?
IT IS BECAUSE THEY HAVE BEEN LED TO BELIEVE THE BS.
There is so much ego involved in the trading world just like academia.
They are all vying for your attention and your money. Why do you think I get banned from so many forums? Have you seen me do anything on this forum that should cause me to be banned? OK, so I post BIG CHARTS. That caused a stir on a couple of forums. But should that really be a reason to ban someone? THINK ABOUT IT!
If you learn from me then why do you need to buy anything from anyone? Whoops! There goes their cash flow! Is the image getting clearer?
I see said the blind man, and actually I do. Eloquently simple. You must be related to "Old Turkey". I think that was the guys name on the book on Jessie Livermore.