Every TF are important,because each of them have their own story and of course task!
Yes, right in every time the frime must have support, support and supply and demand. However, time frime is part of the analysis. For execution you have to specify which TF. If you execute on TF that is too small there is a lot of noice.
what time frame do you usually use as a global benchmark?
For me usually will prefer on the weekly timeframe as trigger analysis for long term trading, but also then will look on daily timeframe and lower timeframe to analyze movement more detail, trading with long term plan more comfortable for me than scalping because I can leave the chart more than a day
is your weekly analysis is always right, or at least approaching?
Indeed not always right but if make comparison may be more than 80% is right if using weekly timeframe, small timeframe like as M5 more suitable for scalping because they having small target and quick entries, but not for swing trading it will have more noise to analysis long term
Do you know the reason why analysis is not always true?
The market condition is very dynamic guys, price movement in the market reflected volume demand and supply that occurred, and to know movement ahead as trader only using technical analysis approach and fundamental analysis approach, the market is unpredictable
Who says market movements are unpredictable? market movements are very clearly visible in direction and purpose, because prices are a condition that must occur.
The predictions that we make by means of technical analysis and fundamental analysis are only probabilities, where they mean uncertainty and there will always be opportunities for losses. so indeed the market movement is not unexpected, because if it is unexpected, surely everyone can get rich with forex trading
Unexpected for those who do not understand forex as a whole.hehehe...
Paul Tudor Jones also said "Every day I assume every position I have is wrong" It is impossible for a Paul Tudor Jones not to understand about trading. That's because he realized that if the market moved freely, according to Dow law, and no one could predict market movements properly
So don't follow him. hehehe...
I followed him because he was a successful trader, because I also wanted to be a successful tarder. I don't want to just waste time on this trading, so I follow what successful tarders do
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