OlympTrade.com

Etedus12

Sergeant
Messages
157
This is not the first time I see people advising to use 5 minutes plus 1 hour TF for analysis and trading. Are there any specific reasons for it? Why not 30 minutes? Not 10 minutes charts? How come everyone keeps choosing same sets of timeframes?
 

7Bulletin

Corporal
Messages
103
This question is easy in fact to answer. This is a common standard that traders all over the world use. SO the patterns that are used in technical analysis appear same for all traders only if these traders use same timeframes for their analysis. The charts time frames that Olymp uses are standard ones.
 

Etedus12

Sergeant
Messages
157
Hmm, don’t you think that it’s not a good idea to use the same instruments that other traders use? Don’t we want to have some competitive advantage here? And what about 15 seconds timeframe that Olymp has got. Is it a standard one too? Doesn’t look like it.
 
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