Saturday, December 17, 2022

Trend and Volatility

The very first thing one should be asking when one decide to participate in the financial markets, is about time frame. Are we scalping? or Are we looking at holding a longer trend?

In all my years actively swimming in the market, trading across all different time frames, I reach the conclusion that 99.9% of market participants fail to understand the importance of longer trend or higher time frame reversal.

Being able to focus on higher time frame reversal and trend direction is a VERY RARE TRAIT. 

Being able to sit and wait for the confirmation of trend reversal on the higher time frame is  VERY VERY VERY unique character that NOT many is able to appreciate.

Over the years, I learnt to sit tight and watch. Over the years, I have learnt to appreciate the power and significance of higher time frame reversals. Over the years, I have learnt to IGNORE the lower time frame volatility.

The significance and importance of higher time frame is SOMETHING that I have muster to accept the validity of the actions.

All the actions between 2 trend reversal points on the higher time frame are ONLY and MERELY noises that one should IGNORE completely.

When one trend reversal develop and confirmed, the next reversal will be sometime away. There will be volatility and noise to the next reversal and one should  sit tight and wait

No comments: