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Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold

Better System Trader

CHAPTER

The Market Ladder and Fractals

The financial markets are called the fractal because they have, um, repeating patterns that occur across multiple timeframes. So if you're an intraday trader and you just focus on 10 minutes, 60 minutes for our patterns and you're comfortable with that, well, don't be surprised if you start to look at daily data or weekly data or monthly data as those same patterns are appearing. If you have a patent in your preferred timeframe that gives you an edge, well,don't be surprisedIf you look at that preferred pattern on the high timeframe that they'll probably give you an edge in that timeframe. The reason why it's important to know all timeframes is because the high timeframe

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