3min chapter

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Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold

Better System Trader

CHAPTER

The Big Picture Is a Filter, Right?

Traders often say that lower time frames are noisier than the higher time frames, which implies then that the fractal nature is a little bit off. What I want to show you is that when you see the markets react to these really big time frames, it's basically fingerprints of the gods. These levels have been known for multiple years in advance. And yet the market just knows all about them and they struggle to get through them. If they get through them, it's like put your glasses down, it's off to the races,. It's a very bullish or very very strong things. Thigh you are on those, you know, very long term support resistance levels. But

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