Pipruit: Wow. If I had seen the weekly chart, I hardly would enter short with such conditions – a better decision was to wait for a pullback… Commander in Pips: That’s right. Although all trends were bearish, another part of our analysis is overbought/oversold analysis and Fib work. And they tell you, that you need to wait for some pullback. Since this “some” pullback is on weekly timeframe – you can see the measure of it. Impressive… Here we’ve investigated the typical newbie’s mistake – to focus just on a single time frame. That’s why they are very often confused about why the market suddenly stops and reverses miserably in the other direction. As a rule this happens right after the moment of entering the trade. Here we trying to save your money, so that this lesson will not appear to be too expensive to you, since you will understand it anyway (that you have to look at higher time frames) but it could cost to you much better without FPA advice. Applying multiple time frames will save more money than any other tool of analysis. Also it will allow you to capture more profit, since you will know where you are in the big picture.