⏱️ Intraday trading offers more frequent data points for system validation compared to swing or long-term investment strategies.
📊 Patterns observed in intraday charts often mirror those in daily charts due to the fractal nature of the market.
📉 Analyzing intraday movements can help traders quickly assess the viability of a trading system across different market conditions.
💡 A trading system should be tested in intraday to see if it works.
@josantrader:
“I can pull up the silver chart and look back at the massive movements we’ve had in recent days. With these significant movements, I have a lot of formations using this system, based on a moving average and MACD, for example. I’m just showing what most people do: looking for an indicator to give them the answer. You can find examples with plenty of data here. You won’t find the same amount of data by looking back at silver’s daily chart unless you go back two or three years. In this case, you get the same data in two days that you would get in two or three years of daily data.”
Watch the exact part of the video where Josan Trader talks about Silver here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Silver (N.A.) at the following link. BLOG.
