Currently in L13.
Noted in pinging that you are highlighting the daily time frame and using the weekly and monthly to put things into context. I am accustomed to you
highlighting the WEEKLY as your trading time frame, and using the daily as your LFT to examine more closely as levels are hit. With pinging you appear
to be using the daily as your trading (focus) time frame. To be consistent, I would think you'd drop down to the 60 min to examine closely.
DA
Lesson 13
Re: Lesson 13
I detect a confusion about the word focus time period. Think of focus time period as that bar out of which you would like to take the greatest amount ... we are trying to get the most out of the weekly bar, buying close to the bottom and selling close to the top, and using the daily to place the trades in that weekly bar. But don't let yourelf get hung up on the terminology. Time frames are coordinated, that is the most important fundamental idea. One might well look at the 60 from time to time, but not essential, as the Lessons show.