EURUSD - Importance of looking at the bigger picture (HTF)
As the week comes to an end I would like to leave an important lesson on how important it is to look at the higher timeframes.
I've struggled in the past simply because I would not pay attention to the bigger picture and not respect it enough. When you begin to add this to your plan, you give yourself an advantage that most traders do not consider. Most want fast results, fast money, and fast growth, which is why you see traders on social media ignoring everything and trying to trade 1 minute and 5 minute charts, which always ends in a disaster.
You will notice a positive change once you begin looking at the bigger picture and start understanding where institutions are looking to get in and get out, which has never been a secret but has always been there right in front of us. It is there in the bigger picture, but a majority of people are blind to recognize this.
The perfect quote to end this off: "We are so often blind to what's in front of us, and to compound it, we are often blind to that blindness."
Have a great weekend.
I've struggled in the past simply because I would not pay attention to the bigger picture and not respect it enough. When you begin to add this to your plan, you give yourself an advantage that most traders do not consider. Most want fast results, fast money, and fast growth, which is why you see traders on social media ignoring everything and trying to trade 1 minute and 5 minute charts, which always ends in a disaster.
You will notice a positive change once you begin looking at the bigger picture and start understanding where institutions are looking to get in and get out, which has never been a secret but has always been there right in front of us. It is there in the bigger picture, but a majority of people are blind to recognize this.
The perfect quote to end this off: "We are so often blind to what's in front of us, and to compound it, we are often blind to that blindness."
Have a great weekend.