Hey good morning my name is Bryan Merjuste and I was sending this message out because I needed some help understanding the time frames. Is it possible to using the same trading strategy on an daily chart on an hourly chart ?
The theory says yes but I’m sure even the strong users of the theory probably admit that conventional candlestick patterns are less reliable on intra-day charts and become less reliable the shorter the time-frame you use.
In addition, not every time period intra-day is the same - trading is different when London and NY are closed, around the London open, around relevant announcements etc.
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Theoretically yes but I wouldn’t recommend it. In my personal experience, the longer the time-frame, the more reliable the signal, but also it takes longer for it to come to fruition.
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Thank you now I understand where to get started with my trading.
Thank you this is a great help for me
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You’re welcome!