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Context - What, how, when ?
The BTC talks & stress a lot on "CONTEXT"... A good context always leads to great trade even if signal is weak or bad..Point Noted
My mind is asking following questions though
1. When looking at context from past- What should be look back window ? I mean how far we have to look back to get the right context ? ( Refer to my Chart 1 where we had a strong bull run and followed by a bear run upto 1st leg) - So should I see the complete picture or recent bear run
2. The context is different on day time frame and week time frame ? What to do in such case ? Should I use only the time frame which I trade and completely ignore any other time frame ( Refer to Chart 1(Day time frame) chart 2 (Week time frame)- On day time frame it is strong bear run but in week time frame it seems a pull back of bull run)
3. Should I completely avoid using the time frame notion.. As the BTC says that all charts behave same
I have just completed the videos from 1 to 7. So is it relevant to ask these questions right now ? or I complete the course and these will be answered automatically later on ?
Anyone who completed the course...Kindly answer
recommend to complete the course first, as it will provide you with all the answers you will have during your journey through it. Started out 3 month ago and complete it myself. Anyways always going back to some session when new questions are coming in mind.
To answer your question on the time frame, Al would say, trade the chart you see in front of you. So if you are looking at daily trade in that context and same for weekly. With time you will be able to compare those to get a feeling where you stand at that moment in your TF.
Got the idea....