Forex Bosse$

Be vigilant of the information you take in and make sure that they apply to your intended holding time.

Using multiple time frames is still one of the best ways to enter a trade. It’s the ex*****on part where you should be careful not to mix up your analyses.

You can’t strategize for EVERY scenario, of course, but you can at least list down the type of events that are relevant to your trade, given your initial time frame.

If you have more research and a more detailed trading plan, then you’ll be more confident in your ex*****on.

Traders who take cues from different time frames often lose confidence in their initial plan and then take the wheel into their own hands to minimize risk.

One reason why traders abandon their trading plans is that they have acquired new information that weakens their original trade bias.

2️⃣. Have a more detailed trading plan

One reason why traders abandon their trading plans is that they have acquired new information that weakens their original trade bias.

Likewise, a single market event shouldn’t spook you out of your swing trend trade unless said event was a game-changer.

If your trade is based on an uptrend on the 1-hour chart, then you shouldn’t hold on to it if the pattern gets broken (even if you THINK that the pair will eventually go back up).

One way to avoid mixing up your analyses is to manage the trade using the same thought process used in locking in the trade idea.

Fortunately, there are at least two ways you can a void mixing up your time frame analyses:

1️⃣. Make your final decisions based on ONE time frame

This is why some traders miss out on a good trend because they fail to find entry levels, while others jump in on a trend at the worst possible opportunity.