- Conventional Timeframes: 1m, 5m, 15m, 30m, 1h, 4h, D, W, M, Y...
- Custom Timeframes: 1m+25sc, 1h25m, 5h, 2D,....
There is just no limit whatsoever as to the timeframes you can make and trade, yet all timeframes show the exact same things.
If markets are nothing more than a continual exchange of money, then where do all these different timeframes fit into place?
What the hell does a 1h TF have to do with a massive order placed 24seconds ago?
By using TF's arent we constantly trading the 'past' yet to be succesful arent we supposed to trade the 'now' (in context)?
Markets are not about time, but about price; buyers and sellers, bidding/asking, a constant flow of orders non stop...Yet we use all sorts of different timeframes to interpret this one unique constant reocurrance happening right now, not 1h ago, not a week ago....but 'NOW'.
If timeframes are a mere illusion (confusing/misleading?) then:
- What exactly is the true purpose/use of a timeframe?
- Do we need these TF's to trade? (i have a suspicion we dont).
- What gives a timeframe more importance than another (spreads aside)?
- What exactly is a REAL consistent pro trader looking for on a chart?
There are four things (that i understand so far) that occur in the 'now', and that is:
- strong directional moves.
- strong non directional moves.
- weak directional moves.
- weak non directional moves.
If this is true (which its probably all wrong anyways ) then why do we need so many timeframes, confluences, and what not ninja tecnical patterns for?