Quote:
|
Originally Posted by mishak
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 ![]() |
Could you please explain? I mean if you look at 5min and a daily chart the only difference seems that the X long trend on a daily lasts for weeks and on 5 minutes trend can last for hours and its not 500 but 50 pips or so.
Now I hold a view that anything below 20-30 pips is noise. On other hand I am not sure that market behaves properly on any tradeble timescale for a day trader...
Please reply. Thank you.