No, the price does what the market wants. Prices never decide, markets do.
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Does it make sense to look beyond 15 minutes?
- Thread starter trader1974
- Start date
No, the price does what the market wants. Prices never decide, markets do.
Monthly, weekly, daily and even hourly charts, are reflection of behaviors. Day trading with no guidance from all participants will do no good.
Ask yourself who moves the markets: Intraday traders or monthly and weekly traders? Retail day traders (15 or 5 min charts) or funds and institutions (daily charts and more)?
Ask yourself who moves the markets: Intraday traders or monthly and weekly traders? Retail day traders (15 or 5 min charts) or funds and institutions (daily charts and more)?
%%But not randomly.
One exception to the trend friend; if one is taught the market is random+ you bought books + bought in to that/most likely he or she will never find a trend/LOL
As far as 15 minutes , depends on how you like to get paid.
Leo of MERC said '' innovation deserves more then 15 minutes............''.............................................................................
the problem is when looking for "trends" on a very short time frame, by the time you've figured out what the trend is, it's probably about to change. Whereas on long time frames of say months once you figure the Trend out it could easily last many more months to even years. Then you can fall back on fiscal and money policy, and macro economic indicators to try and get a warning that a change is coming. Also on a longer time scale you can see that markets trade in a channel and when they are at the top- of the channel they are more likely to go down in the near future than they are when they are at the bottom of the channel. It is more patience than rocket science that is required on longer time frames, whereas on short time frames it's more rocket science.
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%%This is a false statement. Price in a trend most commonly continues the trend, that's how they are recognised as a trend. The least likely thing that price in a trend will do next is reverse into the opposite trend.
Sounds like he is on a 14-15 or more minute chart/which hardly ever changes much.
Also sounds like he has made up his mind on 15 period/have to want profits more than a payday on 15. IF it looks like a rocket science gap //////////15 days may help.
But with an hour 'til close i most likely will skip the last 15 minutes.
Trends not really rocket science/LOL
The trend is constantly changing, so does it make sense?
There's trends for the hour (short channels), trends for the day, trends for the week, and longer term monthly trends. All depends on what timeframe you're trading. If you're looking to get in and out of a trade within minutes, then looking at more than 15 minutes wouldn't make sense.
I prefer larger time frames over shorter ones. They have low noise and interference and hence, fewer chances of making an error.
%%Sure
Sure;
but only if one has a 2009 candlechart or price data.........................................
Personality plays into which time frame suits a trader. I find that I'm far too impatient to wait 2-3 months for a swing and anything beyond that is a long term investment. On the other hand, day trading may seem like a cocaine addiction... my comfort zone is up to 5 days and longer is a misjudgement penalty.There's trends for the hour (short channels), trends for the day, trends for the week, and longer term monthly trends. All depends on what timeframe you're trading. If you're looking to get in and out of a trade within minutes, then looking at more than 15 minutes wouldn't make sense.