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Try not to Trade

Try not to TradeLesson 3 of 115 min read

The day it fails

The opposite case walked through in full: three separate things missing at once, and why that is not a marginal setup.

The opposite case is worth walking through, because it looks close enough to a setup to get taken.

What the charts say

The daily is bearish. The 4 hour has broken structure upward, and the 1 hour is making higher highs and higher lows.

So the only chart pointing your way is the one that decides, and both charts under it point the other way.

Figure 1 · Three stacked charts of one market: the daily makes lower highs and lower lows while the four hour and one hour below it both rise

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