Only the time interval in which trends occur is valid. Graphic models that are larger and smaller than the current trend are independent. This relationship applies to the study of diagrams from 1 minute to 1 year.
This is why traders should always operate within different deadlines. The most profitable positions will be aligned with an above-market amplitude in support and resistance, and low-risk entry points will appear in the lower amplitude.
Price develops bull and bear conflicts at all times. When ongoing trends are not tied to specific chart patterns, trade preparation can become subjective and risky.
The perfect opportunity to enter the trade is seldom. An apparent occurrence in a chart may have resistance in the long-term view above the predicted entry level. Or shorter-term charts can show so much volatility that any entry becomes a risky business.
Successful trading requires examining conflicting information in order to enter the trade when the probabilities in favor rise to an acceptable level. If you are dealing with a good setup over a period of time but have marginal conditions for those around you, use your experiences and skills to assess the overall risk. If the risk / reward ratio is within an acceptable range, consider performing it even if not all factors support success.
However, the priority of the diagram information is parallel to the length of the diagram. For example, the main maxima and minima in the weekly table are more important than the 1 hour chart.
The profit option is aligned to specific time intervals. This error in trend relativity forces a new position often at a time when a short-term swing quickly turns against input. Mistakes of trend relativity steal profits even in good incomes. No one wants to leave money on the table. The movement of natural waves can see the position sharply and sends a significant trade loss before reaching a reward target.
Most traders should never hold on to the period without prior planning. Specific time periods require the only skills that each trader must master with experience.
Start by paying special attention to the next live movement within a predetermined time frame. Prepare a written business plan that outlines how long the position will last and follow through. Set a profit target for each future setup, and then re-evaluate the price you need to cross the landscape to get there. Consider the pure time element of the trade. Decide how many bars to spend before canceling a trade, regardless of profits or losses.