We receive what we want from the markets. Some folks are delighted with peanuts. No ones judging you .
We receive what we want from the markets. Some folks are delighted with peanuts. No ones judging you .
I agree with all the resident Lion, that there's no time frame. Time is a massively significant element in market analysis. It is critical to understand the impliions that time has for many market participants.
If you narrow your attention to a time frame then you're likely considering the market via precisely the exact same beer goggles since most everybody else. And hows that working for you?
Personally I see the Daily/ H4/ H1 and 15, but that I really could do the same with the m5 alone I do with all others. It is just a matter of convenience to break this up to 4 more economically summarized price data. The m15 I rarely listen to, it is just a noisy version of another 3 charts.
Of course I'll glance at the overall picture Monthly and Weekly once in a while.
Imagine the price alone with no candle sticks. It only moves down and up, the footsteps in the sand just map it is walk.
Time frame is a button on your MT4 charting platform.
Time is a wholly different concept.
As soon as you understand the difference you're one step better off imo of course.
to be fair it still wouldn't work, it is actually possible to determine where price lingers the maximum, or when supply and demand are at equilibrium look where price is clustering....but that still historical representation of where the market was.
Viewing deceleration/consolidation/ or distribution nevertheless provides no sure fire way to the long run however you can come up with a plan for every scenario and execute it.
Working great thanks, usually better after I've drunk the beer in the beer goggles tho'
I trade patterns, am I excused?
Just appropriate, price moves irrespective of which period you utilize. If it is possible to exchange without charts profitably then you know you are doing it right.
time rules over everything, for example, exchange rates.
Time is one of the fundamental components of the universe.
Both can be profitable, it actually depends on which style suits you best. Personally I don't want to be holding trades for too long and am up in the 30% range to the year. It can be achieved