One of the main principles of technical analysis is that the 'trend is your friend' and that, much like an object under Newton's third law of motion, prices are likely to continue moving in the same direction until an external force acts on them and causes the direction to change.
This would suggest that lower timeframes would be easier to trade using the principles of Technical analysis, since there is less chance that a trend-altering event will occur in the short term. However, I've heard that the general consensus is that higher timeframes are easier to trade. Which of these statements is true?
This would suggest that lower timeframes would be easier to trade using the principles of Technical analysis, since there is less chance that a trend-altering event will occur in the short term. However, I've heard that the general consensus is that higher timeframes are easier to trade. Which of these statements is true?