Education - Time & Levels - How Break Out Traders Fail

[0:00]Hey everyone. I just want to do a quick video just educational one on um the importance of time when it comes to break levels and origin levels. So, uh on the left here we have a one-hour chart. Uh on the right here we have a three-hour chart. They're both exactly the same token. Uh if I take this little line here and move it around, you see that it's the same level. If I put it here, I've got uh 67874 which uh is the level in question, so the break level. Now, if we look at it on a one-hour chart, we've got this one-hour candle that hard closes it and this is basically where a lot of breakout traders fail. They don't appreciate that different things can happen on different times and the bigger time frame is more important. So, if we look at the bigger time frame, the candle actually never managed to stay above the level long enough to actually break it, which is why it ended up falling back inside. So, you know, someone who just took a trade when we when we got this hard closed candle here, expecting it to bounce up and hit off to the next range, uh they ended up uh getting uh wiped out by the uh the price dumping back down. Someone who realized that this actually exists on a three-hour time frame would know that you need a three-hour candle up here in accumulation to actually break the level and would have never actually entered that trade. So, um when we look at things like the origin scanner, that's why it's quite important to just double check that you're dealing with the highest time frame. So, something like this as an example, uh that this is that level. It's a completely broken break, could have been a breakout trade if you solely been zoomed in or watching the one-hour chart, but sitting right here on another line, there it is. It's actually a three-hour. So, uh this is a trade for the future. It'll um it'll pop at some point uh as long as price keeps going up, which it probably will. But uh what you're going to have is a three-hour candle up in here in accumulation, not a one-hour. So, hopefully that uh explains time and levels and uh why it's important to know the biggest one.