View Single Post
Old 24-07-2005, 00:09   #36
mishak
old hand
 
mishak's Avatar
 
Join Date: Oct 2003
Posts: 1,066
Downloads: 0
Uploads: 0
Rep Power: 0mishak is an unknown quantity at this point
Exclamation Re: What kind of trading is most profitable for ordinary people?

Quote:
Originally Posted by taotra
Good strategies work regardless of the timeframe because what you see on a 1-min chart is the same as on a 15-min chart, or an hourly or a daily chart: namely, periods of sustained trend (up or down) and periods of consolidation.
Of course you see the same on all charts - candles and your indicators set-up. However the Market lives on his own laws, different participants act on different time scales.
For example:
Nobody pays attention to MA200 on 1-min chart, however it is the important resistance (to the movement) on daily chart.

It is true that TA methods could be applied at any time frame. But they give different solutions
__________________
Take Care and Have Fun
mishak is offline   Reply With Quote