Traders often miss big moves by ignoring daily and weekly charts when lower timeframes look bad. Higher timeframes change slowly, daily candles take a full day to close, and gaps can take multiple days to fill. Respecting the bigger trend saves you from getting caught in noise.
Some of you may argue that, oh yeah, you know, the price action on the lower time frame is actually looking pretty bad at the moment in the sense that it seems to be going down. But my caution to you is this. Yes, the lower time frame price action has changed, but the higher time frame still remains the same. A lot of people tend to, you know, struggle with taking trades on the right side of the equation, mainly because they forget the higher time frame flow. Like they forget what's happening on the higher time frame. And I get it. It's really easy to forget or just kind of disregard the higher time frame because things on the higher time frame happen slowly. It doesn't happen quick. It's not like the 15 minute chart. But every day you're getting a different kind of setup on a higher time frame. For example, on the daily chart, it takes at least a full day for a daily candle to close. And more often than not, we started identifying this F gap yesterday, and it took one full day, more than a full day, for us to finally return back into this further gap. So I understand the difficulty with higher time frame trading and how it may seem like nothing is really happening. And when nothing's happening, we tend to let it go and we just forget about it.
