ataata,
i am happy for you that you are making profits on 1M chart, but remember the joker of the small TFs is the spread.
it is probably more logical to trade small TFs since they contain more information about price behavior and volatility can be felt better than larger TFs.
volatility is simply a term used for huge disproportional amount of money coming in and out, which can not observed during other times. despite there are tools to measure it, one does not have to use them since it is obvious to a naked eye. small TF gives you clearer view of volatility. in volatile period one simply goes by the pulse, the momentum and gets out once it calms down or sees the opposite momentum from other side. no trend trading during those times. trend trading by itself is a vague concept. trend is based on random price movement at a fractional level. when we look at a chart we see nice patterns, nice candlstick formations but what we do not see is the hidden randomness in their core.
you can call this another dimension in trading. but the word dimension carries more philosophical meaning than technical. you can add any dimension to your trading you want.
I hope you find this post useful.
i am happy for you that you are making profits on 1M chart, but remember the joker of the small TFs is the spread.
it is probably more logical to trade small TFs since they contain more information about price behavior and volatility can be felt better than larger TFs.
volatility is simply a term used for huge disproportional amount of money coming in and out, which can not observed during other times. despite there are tools to measure it, one does not have to use them since it is obvious to a naked eye. small TF gives you clearer view of volatility. in volatile period one simply goes by the pulse, the momentum and gets out once it calms down or sees the opposite momentum from other side. no trend trading during those times. trend trading by itself is a vague concept. trend is based on random price movement at a fractional level. when we look at a chart we see nice patterns, nice candlstick formations but what we do not see is the hidden randomness in their core.
you can call this another dimension in trading. but the word dimension carries more philosophical meaning than technical. you can add any dimension to your trading you want.
I hope you find this post useful.
As Above, So Below