You're merely regurgitating the platitudes written in Investing 101 textbooks. You need to think out of the box in order to leap to the next level. BTW my proposition was never meant for the noobs, but for those who have the basics down well.
What I meant was that if you use 1 timeframe consistently, day in and day out, then what happens on that timeframe is all that it matters. But how you go about differentiating the reversal from PB is the same whether it's 3000 ticks or 60 minute chart.
right. didn't we ask you to define your TF? you trading off the 1 min?? thats whole other story than trading off the 4 hr isn't it??
Also if we constantly shuffle from one timeframe to another, then reversal becomes only an arbitrary term, completely meaningless. A reversal on the 1-minute chart could just be a pullback on the 5-minute chart. On the 60-minute chart, such a reversal wouldn't even show up.
he is pulling your chain, baiting you he just regurgitated what we said lol i'm done on this thread, hes a moron
I'm sorry to break it to you: that's nonsense. You're just trying to sound interesting, or you're trolling. The right direction is the dominant direction on the time frame you're trading. If you trade with the dominant you'll make money, if you trade the retrace you won't. The 5 minutes can be one bar, a successions of bars, or a segment in one bar on your trading time frame. To differentiate between reversal and pullback look at relative volume, price range and slope.
I don't understand why context is required to understand what a reversal or a pullback is. To me, the more pressing concern is knowing the difference between a pullback and a reversal (eg. when does a pullback become a reversal?)