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Ya gotta remember those different scales Db - not everyone is going to have the same 'target' as you. Not every chart is going to be useful for the same thing. By all means use the 1 minute (or whatever) to help with entry for 'your' target, but recognise that a small interval is extremely useful for a small target for someone else's trade.
In the end, reading price action is just one component of trading. Many novices miss this point. Yes its an important component of trading, but where the rubber hits the road its about risk management and to expect a 'pattern' on the 1 minute to give the same result as a 'pattern' on a larger scale is going to end in disappointment much of the time. |
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Again, the bar interval has nothing to do with the target. A smaller bar interval enables one to read price action more accurately. That's all. It carries no target baggage unless the trader chooses to hook it up himself.
As to whatever disappointments there may be, these are the result of a lack of skill in interpreting price -- and volume -- action, not of the bar interval one chooses to display twice.