Let's look at a multi-period diagram, which is a powerful feature of TV that no other software has. For the use of multi-period diagram, many people may not know.
In multi-period diagrams, the biggest problem is the inconsistency between periods, which leads to the illusion when used. One cycle is going up, and the other cycle is going down. What do you do with that? Who shall prevail?
Take a look at the current trend. The 1-hour rally is over and we are facing adjustment demand. The 4-hour rally is waiting at the bottom.
Such contrary circumstance, it is more difficult to master to trade.
The correct operation is this, you have to choose an independent cycle according to their own needs, such as you want to do more, then you look at the 1-hour chart is unable to find evidence, you go to 2, 4 hours to find opportunities. And if you want to short, then the hour and day line is the reference.
For most people, trading and analysis are two levels of business. For analysts, we require a comprehensive analysis of the market trend, so many cycle chart is very important, we have to follow up the relationship between the cycles, give a forecast. For traders, the simpler the better, as long as you choose the cycle you want from the trends the analyst gives you.
Of course, we need to know that technology is dead and people are alive. The purpose of our study must be to make money. The so-called "crossing the sea by raft" is not the core.
At the heart of the deal is not technology, but discipline. Otherwise, those who do not look at indicators, do not understand the technology, is not the opportunity? But what we see is often the opposite case, a lot of people make money, but they don't seem to have any exquisite operation technology, more execution. Just like the market yesterday, the indicator prompt is passive, if you wait for the prompt to operate, the moment of the waterfall is difficult to avoid. But from a human point of view, other people are greedy and I'm afraid, so when we remind ourselves of the risks in the morning, the person who falls on the safe side will be the winner. This is the law of the market and the beauty of trading.
The best technology is not the most profitable person!