【Question】The 1-minute chart has too many false signals; it isn’t a useful technical reference at all. Is that not correct?【Answer】
Community with questions ↓
How to repeatedly generate profits on a 1-minute chart in FX
【Questioner】
The 1-minute chart has too many false signals
Technical analysis is not at all helpful. Am I wrong?
【Answer】
Half correct
The shorter the time frame, the
the worse the accuracy of technical analysis becomes
The answer is simple
Because professional traders look at “intraday to swing”
This is the same for even whale hedge funds
So, in short, short-term markets, by their nature, have more false signals
That’s why
While using technical analysis
the reason it can be applied effectively is to trade flexibly
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