Now particularly in this video we're going to look of a common question from a lot of retail traders particular who trade technical analysis. So if technical you probably wondered the same thing and the question is which time frame should I be trading, now if you're just looking at charts I can understand why that would be a very big concern, because to trade the chart are you supposed to look at the five or the four hour chart, are you supposed to combine them.
How are you supposed to do a top down analysis, how are you supposed to basically figure out the best combination of timeframes to try depending on your preference. Now the answer to the question from my perspective is I obviously don't of course, as you know trade technical analysis solely.
So I'm not sitting there looking a price trying to get the direction, trying to get a trade from a chart I use the fundamentals to base all my trading decisions. Now because of that it makes it completely irrelevant what time frame you look at, now I do use charts okay, and I do use technical’s a little bit in my trading, however to basically get a direction or come up with a trade opportunity in one kind of place, it's irrelevant what timeframe you use. Now having said that, when I'm looking at my charts I do switch between timeframes. So for example for me when on day trading I look at the 5 and 15 minute charts, if I'm looking for a longer term position I'll look at the one hour four hour chart sometimes the daily charts, but essentially it doesn't matter.
I don't need any charts if I had to trade without charts I could. So the answer to the question is timeframes are relevant you don't need to worry about what time from your trading all you need to know is what currency you’re trading, the reasons why and which direction and prices at which you will buy and sell and for that information you don't need to actually look at a price okay, that's how I trade.
So that's the answer in a nutshell I hope that’s helped I hope that will help in your analysis and apply it in your trading and good luck and hopefully makes pips.
At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
Editors’ Picks
EUR/USD climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
USD/JPY marks up a 34-year high as USD returns to favor
USD/JPY rises to another multi-decade high amidst enthusiasm for the US Dollar. US economic exceptionalism and a massive US Treasury bond sale are fueling USD buying. Japanese Finmin verbal intervention warning is ignored by USD/JPY.
Editors’ Picks
EUR/USD climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold struggles around $2,325 despite broad US Dollar’s weakness
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.
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