Self evident truths are propositions that don't need proof. It
is a basic assumption upon which further ideas are built. Something so basic that
it should not need defining or explaining. In trading also there are some self evident truths that nobody dares to question.
Once the great Aristotle said women have less teeth than men.No body questioned the validity for a long time because for them theory-not experience-was the source of truth,
Once the great Aristotle said women have less teeth than men.No body questioned the validity for a long time because for them theory-not experience-was the source of truth,
Most of the traders do multiple time frame analysis .Some of
them run multiple charts on different monitors and their trading desks reminds
me of the Space Shuttle control room of
NASA.
So far I have not felt the necessity of looking at charts
other than my trading time frame. Actually smaller time frames show much more
detail. Everything evident on a higher time frame is visible on a lower time frame much more prominently and much early.
In fact, I would have gone down to much lower time frames, but
the problem is my mediocre brain cant process so fast.
I may need some RAM upgrade
I may need some RAM upgrade
My opinion is purely a day trader’s perspective. Swing and Position trading are different ball
games
Agreed on time frames. Douglas Tucker has written a beautiful article on this subject. Maybe you've read it.
ReplyDeleteFor other readers who would like to read, here is the link
http://tuckerreport.com/articles/time-frame/
Good day ST,
ss
SS
ReplyDeleteThanks for the link.
I feel Time frames,Candle patterns etc are not that important in trading.
Trader decision points and acceptance and rejection of these levels are much more important.
ST
Hi ST:
ReplyDeleteGood article. Truth is enlightening when understood or else it hurts badly. You are right, "acceptance and rejection levels" are important. Thanks :)
Hi VK
ReplyDeleteThanks
Please do visit and write your comments
ST
Thanks
ReplyDelete