Atilla
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I think timeframes are important depending on ones trading style/system.
If one uses common candle stick formations to identify repeating patterns of psychology in the market place then the formations can only be compared in pre-determined time-frames.
Simply put - one can't compare, 1Hr, 1D & 1W formations in a three candle pattern to reach any meaningful view of market.
If you think candlesticks are waste of time and offer not much then fair cop. Otherwise time-frames essential for determining candle formation patterns in set time-frames.
If one uses common candle stick formations to identify repeating patterns of psychology in the market place then the formations can only be compared in pre-determined time-frames.
Simply put - one can't compare, 1Hr, 1D & 1W formations in a three candle pattern to reach any meaningful view of market.
If you think candlesticks are waste of time and offer not much then fair cop. Otherwise time-frames essential for determining candle formation patterns in set time-frames.
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