prochargedmopar wrote:The diversity of master traders is AMAZING, for real.
Someone like Al Brooks who says:
"All I need is a 5min chart, why would I need an m15 or m30 or m1 when everything I need to see what price is doing I can see on m5"
And then you have someone like Alphonso who looks at 3 month/6 month via a "button" and then trades off monthly/weekly/daily (5 TIMEFRAMES).
The indicator they use for this is VERY cool.
You need more charts the longer you decide to hold a position; for instance, I cannot imagine how I would have held gold contracts for 4 years using only an M5 chart.
When someone feels strongly about something then it is worth exploring, if only for the sake of perspective, but in the end you have to do what is right for you and follow your instincts.