That may induce to some emotional mistake like entering a trade just because Of smoothens the price action and lets the trader to focus more on theīigger picture without getting distracted by spikes or daily ups and downs
On the other hand, the higher time frames are less prone to such noisy priceĪction because it takes more time for a candlestick to close. Thisĭoesn’t mean you can’t trade those events, but you should be more wary and The short term they may cause the price to spike here and there. Most of thoseĭrivers may not be important for the market in the bigger picture, but in React to different daily drivers like news, rumours, economic data, centralīank speeches, reports, geopolitical developments and so on. Generally, the lower time frames are noisier because you will see the price Take more long term trades, then timeframes from 1 hour to daily would be a Time to look at such fast timeframes or you are just someone who wants to
This is because you will see the price action more in real Want to look at faster timeframes like the 5 minutes, the 15 minutes or theġ hour charts. Let’s say for example you want to take short term trades, in this case you
