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 hits two-day highs near 1.1820
EUR/USD picks up pace and reaches two-day tops around 1.1820 at the end of the week. The pair’s move higher comes on the back of renewed weakness in the US Dollar amid growing talk that the Fed could deliver an interest rate cut as early as March. On the docket, the flash US Consumer Sentiment improves to 57.3 in February.
GBP/USD reclaims 1.3600 and above
GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.
USD/JPY drops back below 157.00, as focus shifts to Japan snap election
USD/JPY is back in the red below 157.00 in the Asian session on Friday. The Japanese Yen recovers ground against the US Dollar amid some profit-taking ahead of Japan's snap general election on Sunday. The preliminary reading of the Michigan Consumer Sentiment Index report for February will be released later on Friday.
Editors’ Picks
EUR/USD: US Dollar to remain pressured until uncertainty fog dissipates Premium
The EUR/USD pair lost additional ground in the first week of February, settling at around 1.1820. The reversal lost momentum after the pair peaked at 1.2082 in January, its highest since mid-2021.
Gold: Volatility persists in commodity space Premium
After losing more than 8% to end the previous week, Gold (XAU/USD) remained under heavy selling pressure on Monday and dropped toward $4,400. Although XAU/USD staged a decisive rebound afterward, it failed to stabilize above $5,000.
GBP/USD: Pound Sterling tests key support ahead of a big week Premium
The Pound Sterling (GBP) changed course against the US Dollar (USD), with GBP/USD giving up nearly 200 pips in a dramatic correction.
Bitcoin: The worst may be behind us
Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.
Three scenarios for Japanese Yen ahead of snap election Premium
The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans.
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