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Money & the Time frames
My answer to someone asking me what time frame do I do my technical analysis on:
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When I analyze any asset class, I often start out with the larger time frame and work my way down to the smaller time frames.
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I do this because it gives me a chance to visually see what the market is doing. Is it bullish? Is it bearish? Is it just ranging and creating a flag?
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And then I use different support and resistant areas to start my thesis.
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I will also use tools like the god ratio to pinpoint areas of confluence.
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All the while I keep zooming in to the smaller time frames. By that time, if my technical analysis is correct, I will have a tiny stoploss and I will have an idea of directional bias.
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Use the different time frames to do your analysis, and you will see the bigger picture, and you will have the confidence to execute your trade in your area of confluence.
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Here's to a successful rest of the year. 🙏❤
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