Absolutely. I wouldn't trade solely on monthlys. My account couldn't handle it. Some candles retrace midway the previous candles which can wipe me out. Was just saying like a reversal candle on the monthly at a key level gives direction. I just have to drill down to lower time frames for entries. So if what I think should be happening on a lower time frame isn't happening then all I have to do is go up one or even two time frames to get a bigger picture of why. Pennies preaches that.
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