So... if you could quantify it... how important is it to never forget about? I don't know much of anything, but in the past few weeks, I have come to believe it is one of the most necessary concepts to keep in mind discussed in this thread. All just my opinion of course.
yes..time based what is the sense in sitting down and trading for hours on end..if you can achieve the same results..if not better..in a limited amount of time! the idiots will have you believe that the best way is to learn to scalp ticks like the "professionals"..well..i don't consider them professionals..more like monkeys to me anyway..it is all a big game..no different to the games that go in in government..courts.. universities..companies..and so on and so forth.. 1580.. remember
the only thing i know..is that i really know nothing ! it can be complicated at first..but..you MUST know where YOU are at..and what TIME it is..before you decide to enter the market..exiting will depend what happens after you enter..so no need to worry about that until you are IN.. for example..if YOU decide to trade INTRADAY..then..this is much more riskier that trading a break of the PDH or PDL..even IF the HTF 's are showing major S&R levels.. guess why?
it doesn't make one bit of difference what i or anyone else shows..as..the only person who can trade for you is Yourself !
it took me about 5 min to set this up on my phone..normally i have the bottom section with my IB order entry..i am considering opening an account with AMP futures to be able to trade the MES directly from the charts here..but..of course it will have the be the MES on the bottom section in order to trade it !