Disliked{quote} Huge mistake. Time is a fundamental concept of the auction process.Ignored
Why this one ? I can be the also 27 min or 13 min or 65 min charts, the 30 and 60 is a nice round number but in reality it doesnt mean jackass.
Heck it can be 2 hour 7 min 18 second timeframes aswell, it doesnt matter
Institutional platforms rarely have a chart, they only look at latest bid/ask and the already placed liquidity at nearby levels.So the big traders dont care about time as we do, because they put the trade and exit when they want, only we the retail herd need to follow that order and ride it until its done.
Trading on timeframes like discriminating 4 hour chart over 15 min is only a retail fantasy ,in reality they are all equal.
So to avoid this, all analysis must be done on the same chart timeframe, for the most correct analysis the M1 or Tick chart if available, and then the trader should switch to his "preferred" timeframe, but he will have the precise data from the "basic timeframe" already.
"There's a sucker born every minute" - P.T. Barnum