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Hi
Can anyone explain what is the importance of looking at different time frame charts like- 5Min(trading chart), 15 min, 1 hour, Daily, weekly & monthly
Is it only to set up the targets of various time frame charts ?
Or there is any other rational for this
Kindly reply as I am bit confused on this
Also let me know, do I have to look smaller time frame charts if I usually trade daily chart ?
I really wish to understand the logic behind referring to these multiple time frame
Are certain time frames more/less important/reliable?
example> do most institutions trade certain time frames, making them more reliable
example> are patterns on the 1 min chart less reliable than 60 min
Is CL mainly wedges in a trading range ? Is CL easier to trade , more profitable, more opportunities ?
thanks
Hi,
Please watch Video 48K- it will clear out a lot of your confusion.
BTC How To Trade Manual
"Although many traders try to trade in the direction of a higher time frame, this is not necessary. All a trader needs to trade profitably is the chart in front of him, no matter what the market, chart type, or time frame. Every chart has plenty of trades if a trader knows how to spot and trade them."
