Disliked{quote} There is no such thing as A good TF: All TFs are essentially the same--a product of financial time series being fractal-like in nature. That is why it is important to examine multiple TFs to see your specific pattern unfolding, and which bigger TF is the "controller" of the smaller one that you are working with at the moment. Because the control TF as well as the TF that you focus on for your trade are changing dynamically as price progresses, sticking with a single TF will make it very difficult to find good trades consistently.Ignored
This comes from a book by Al Brooks that I read. Basically, no one knows, whether the next order to come in will be a buy or a sell, what time it will occur, or the volume of that order. Therefore, it doesn't matter much what the previous candles did. You might get an overall sense of a general theme, but at any given time, you have about 60/40 split of being correct on any given trade at the very best.
I find it hard to argue with that.
1