DislikedBecause the house edge is lower when you trade higher timeframe.Ignored
1) They reflect the real macroeconomics of the currency
2) Traders have not much impact on them but the big central banks
3) They hold their trends for a long period. So if you find the trend then you could profit. The amount of chaotic movements are minimal.
Any way, for chartist like me reasons do not matter.For example, look at this chart. In a period of 8 years, E/U had only 9 Reversal. So anyone that took the reversals and trade them correctly would be making mucho dinero.
So a very easy trade right now is to sell Euros but eye on the 1.700 support area.
Attached Image
Empty as water and soft as a facing wind mountain