Most beginners tend to choose a time frame that looks comfortable for them to analyze, which could be daily charts, 10-minute charts, or any other time frame charts, while ignoring data from other time periods. Very few people realize that the market exists across multiple time frames. The market develops and changes simultaneously in forms such as weekly charts, daily charts, and intraday charts, and the trend directions on these charts often conflict.
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The daily chart shows an upward trend, while the weekly chart shows a downward trend, and vice versa, which one should you believe? How should you decide when you are using an intraday chart but see that both the daily chart and the weekly chart conflict with the intraday chart? Most traders only look at one time frame's chart and do not consider the trends of other durations unless the trends of other time frames suddenly stimulate them.
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It is crucial to remember that the number that connects adjacent time frames is '5'. If you look at the monthly chart and then the weekly chart, you'll notice that one month equals 4.5 weeks. When you then look at the daily chart, you will know that one week equals 5 days. If you shorten the time frame further, you will see hourly charts, and there are approximately 5 to 6 hours of trading time in a day. Daily traders may look at 10-minute charts, even 2-minute charts. All these time frames are related to 5.
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The proper way to analyze the market is to analyze it from at least two time frames. When forming long-term price trend judgments, you must first analyze based on longer time frames, and then, when selecting market buy and sell points, refer to shorter time frames. If you prefer to analyze using daily charts and then reference shorter time frames when selecting market buy and sell points. If you like to analyze using daily charts, you must first check the weekly chart; if you want to engage in ultra-short trading using the 10-minute chart, you also need to analyze the hourly chart first. This is one of the key principles of the triple filter trading system.