Lesson 5: Using Medium-term Time frames
Moving on, we'll take a look at intermediate time frame, with smaller movements
within the wider trend becoming clearer. Out of the three frequencies, the
medium-term time frame is the most flexible as it can acquire both the sense of the
short-term and long-term time frames. As discussed earlier, the estimated holding
period for an average trade should identify this anchor for the time frame range.
This level should actually be the most monitored chart when preparing a trade
while the trade is on and as the position closes in on either its profit target or stop