“So what time frame charts should I use, then?” is a question I am often asked. My answer is always the same: “You need to work that out for yourself.”
So far in this book we have discussed the common candlestick patterns by mostly viewing daily charts, where each candlestick represents a day’s data.
We have seen a few examples of weekly charts, like the chart for Euro/USD with all the Hammers on it (Figure 3-3).
Daily and weekly candlestick charts can be used for making investment decisions with a time horizon of anything from two weeks upwards. When I say “time horizon” I mean the time frame for holding ...