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1 Time Frames: a Matter of Scope on 30th September 2013, 4:02 pm

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There is an old saying which states that “Time is nature's way of making sure everything doesn't happen at once”. Regardless of whether you are measuring a trend in a one minute time frame or observing a major pullback on the daily chart, the same indicators and techniques can be applied. It all comes back to behavior patterns which are not time frame dependent. It is just a matter of scope.
At any time the market is filled with participants who have different opinions of which way the market shall be moving. One of the reasons they sustain different beliefs about what price could be doing next is probably derived from the time frame they are looking at and interacting with. A trader who looks at daily charts may think an uptrend is in process, while a trader who looks at a 60 minute chart may think the market is trending down. The fact is that they may both be right in their analysis. So when it comes to discussing a trading opportunity, the goal is not to find out who is right, but rather understanding where the technical argument comes from.


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