XAU - Understanding how to analyze Multiple Time Frames
Yes - This way of seeing price action works on any time frame and in any market -
Why? - Because it's using basic understanding of how the market works and utilizing these channels as a way to see the strength of buyers and sellers at any given price. In a way, it's a third eye (Price, Volume, Strength). Utilizing this alongside any indicators you'd like to add can lead you to real vision in the crazy and "unpredictable" world of trading.
I personally don't use any additional indicators aside from straight up Volume - and that's what works best for me. But if you can find confluence with any of the thousands of indicators out there, that's amazing and i'm sure you'll be able to find real success.
Hope this was helpful! And as always,
Happy Trading!
Why? - Because it's using basic understanding of how the market works and utilizing these channels as a way to see the strength of buyers and sellers at any given price. In a way, it's a third eye (Price, Volume, Strength). Utilizing this alongside any indicators you'd like to add can lead you to real vision in the crazy and "unpredictable" world of trading.
I personally don't use any additional indicators aside from straight up Volume - and that's what works best for me. But if you can find confluence with any of the thousands of indicators out there, that's amazing and i'm sure you'll be able to find real success.
Hope this was helpful! And as always,
Happy Trading!
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