One of the most intriguing puzzle of my journey is about WHAT am I trying to achieve? This will ultimately decide what time frame I will choose as my "anchor" and which tools (indicators) to apply to accomplish my objective.
Starting out in the late 1980s, retail clients in general do not have access to any sort of real time intra day charting. Charting was mainly Daily end of date update. Some may have access to institutional REUTERS services and likely some sort of BLOOMBERG news, price quotes and charting. At best, we got real time price quotes minus the realtime continuous charting. By 1990s, Bloomberg were dominating the institutional desks and by 2000, another equivalent services to REUTER and BLOOMBERG were available to retail called ASPEN costing about SGD5,000 monthly.
Post 2005, all sort of free charting were readily available to retail with all sort of trading platforms.
The next move is all sort of marketing promotions on OPTIONS, intra day trading and quick rich scheme.
I have moved from using End of day (non intraday) to intra day trading and back to non intra day mainly.
One has to sit back and assess what we are trying to objective? Are we into intra day game ? Or a longer positioning? Days? Weeks?
The time frame SELECTION will decide how long one is going to sit and hold on the positions.
The next question is the SIGNIFICANCE of so-called trend reversal on the charts. The higher time frame trend reversal will have greater bearing on the significance of REAL trend reversal. Where reversal on lower time frame, I consider it to be FAKE temporary reversal.
Ultimately, it is the time frame the decides the future
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