DislikedI quickly tried to reconstruct some point/Qs i was thinking this morning .....
Lets go over S/R levels from the perspective of smaller TF trades (M30 upto M5)
When you are trading on these TF would you mark S/R starting from monthly down to H4 or would you simply mark the S/R and confluence levels on H1 and go with that …. I believe some traders trading on M5 & M15 would simply take H1 as the highest TF.
[color=black][font=Verdana]Have...Ignored
I do this as I spend much more time analyzing the pair and understanding it better, as opposed to chart flipping. When you get good, you can trade the trends within the trend-of-focus. For example, if you want to focus on primarily trading the hourly time-frame, mark key levels from higher timeframes and lower timeframes. When you know what pivot price is moving towards and on what timeframe, you can trade price as it approaches it. Do this on a daily basis and your screentime will improve greatly on various fronts. Another benefit of trading this way is less needless exposure. Just trade liquid instruments, such as index's or major's.
As a side note...there is no 'best timeframe' in your last question. Just pick what seems to be common knowledge of big players using, i.e. 60/240/daily, and go from there, as your job is to follow those with the money to move the market, not try and best them with some super secret timeframe. With that being said, tick charts can help smooth out the erroneous after-hours p.a. in all liquid markets.