No doubt, HTF means more time to enjoy life Also the profits could be better, so for the next HTF you could spend your time with more fun.
But on the dark side it might look darker too with bigger losses.
All I mean with the radar screen is
- to have a lead where to look for
- get a general feeling about the pairs, i.e. seeing Cad getting /expected to det stronger on all pairs similar ways?
- finally the HPs on different TFs suggest me what to look for:
When I have a pattern "in progress", meaning started moving already and left PRZ...
I would rather take HPs in the same direction on an LTF, or any opposing ones with more caution only.
When it is "completing" should be close to PRZ, or in the PRZ so I am expecting to enter in the
direction of that pattern at the entry point - at HP completion + structure level as minimum.
When it is in "emerging" phase I could look for lower TF HPs in the opposite direction of the HTF emerging one.
I.e.: and emerging bear bat on H4 would be a good prospect to buy around the B level on the CD leg, based on a LTF bull HP (Carney BAMM entry).
Good luck with your trading, and I wish you a lot of pips .