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 meets initial support around 1.1800
EUR/USD remains on the back foot, although it has managed to reverse the initial strong pullback toward the 1.1800 region and regain some balance, hovering around the 1.1850 zone as the NA session draws to a close on Tuesday. Moving forward, market participants will now shift their attention to the release of the FOMC Minutes and US hard data on Wednesday.
GBP/USD bounces off lows, retargets 1.3550
After bottoming out just below the 1.3500 yardstick, GBP/USD now gathers some fresh bids and advances to the 1.3530-1.3540 band in the latter part of Tuesday’s session. Cable’s recovery comes as the Greenback surrenders part of its advance, although it keeps the bullish bias well in place for the day.
USD/JPY is looking for direction around 153.00 with key US data in focus
USD/JPY reversal from 153.70 has been contained above 152.70 on Tuesday. Major currencies are trading within narrow ranges amid thin trading volumes. Investors await the release of the US GDP and PCE Inflation figures to make decisions.
Editors’ Picks
AUD/USD extends the bounce, focus back to 0.7100
AUD/USD adds to Monday’s optimism and approaches the key 0.7100 barrier ahead of the opening bell in Asia. The pair’s positive performance comes as investors keep assessing the hawkish tilt from the RBA Minutes and despite humble gains in the Greenback. Next in Oz will be the Westpac Leading Index and the Wage Price Index.
EUR/USD meets initial support around 1.1800
EUR/USD remains on the back foot, although it has managed to reverse the initial strong pullback toward the 1.1800 region and regain some balance, hovering around the 1.1850 zone as the NA session draws to a close on Tuesday. Moving forward, market participants will now shift their attention to the release of the FOMC Minutes and US hard data on Wednesday.
Gold remains offered below $5,000
Gold stays on the defensive on Tuesday, receding to the sub-$5,000 region per troy ounce on the back of the persistent move higher in the Greenback. The precious metal’s decline is also underpinned by the modest uptick in US Treasury yields across the spectrum.
Ethereum Price Forecast: BitMine extends ETH buying streak, says long-term outlook remains positive
Ethereum (ETH) treasury firm BitMine Immersion continued its weekly purchase of the top altcoin last week after acquiring 45,759 ETH.
UK jobs market weakens, bolstering rate cut hopes
In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.
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