Forecasting off higher time frames in my opinion is absolutely necessary if you want to become a successful trader,
The 3 Month Chart is the ultimate time frame in my opinion! generally you make a forecast on the higher time frame and simply work the lower ones with it! I use the 3 Month as my general view of the market, the Weekly to determine the trend! and the daily purely for my entries! If you can combine your trading technique with this, your trading will definitely improve. you do need patience but it trust me some of the trades you get into are outstanding and will boost your trading account. thanks
The 3 Month Chart is the ultimate time frame in my opinion! generally you make a forecast on the higher time frame and simply work the lower ones with it! I use the 3 Month as my general view of the market, the Weekly to determine the trend! and the daily purely for my entries! If you can combine your trading technique with this, your trading will definitely improve. you do need patience but it trust me some of the trades you get into are outstanding and will boost your trading account. thanks