On average, itâs a good idea to interpret intraday price action by also including a consideration of this action within the context of longer timeframes (daily, weekly, monthly, etc) â i.e. the âBig Pictureâ. Therefore, if you are researching and designing mechanical intraday strategies (for automated trading, perhaps), you will often get a better strategy if you include at least one input or signal from one of these longer timeframes.
Discuss.
Discuss.