Understanding the concept of timeframelessness in forex trading

One of the most important considerations a trader should give to price movements is the concept of T I M E F R A M E L E S S N E S S.
Well, you have read it right and today I want you to give serious thoughts to timeframes, assuming you keep staring at a chart composed of candles created on different timeframes. Have you ever wondered what those candles on different TFs are composed of?
Traders’ first encounter with charts is most of the time made up of looking at candles. Candles, created by slicing time up into equal length. Then as beginners we try to figure out the meaning of a single candle and combinations of single candles. What we understand of those candles and combinations become our tools for price prediction. They are considered as a given that comes with the platforms we use.

Now, I want you to think about your life and slice it up the same way and create candles out of it. Start thinking about what you can make out of it…

How did it go? Can you actually read your life and either understand the past or predict the future based on the information that is available about your life in this format? Think about love at first sight, becoming a lottery winner, all the good things that have long lasting effects on your life. Major events that happened overnight and affecting whatever happened afterwards. If you slice your life up, you will see the effect but the underlying events will be hidden from your eyes, embraced and covered up by a single candle. You can ponder about this on and on…

Your life has a narrative, you can not slice it up, otherwise you can not make the right story about it. So an FX trader should ask the question: Do I understand the movements of currencies better if I look at slices of currency moves or when I have the full picture of price movements and I am able to build a narrative around it. Now, when it comes to a narrative, one has to be very sensitive to events that take place in one’s life. One can become a millionaire overnight and over many many years. Do you think the monetary result is the same? Now please go back to the charts and think the same way. Apply this knowledge to your chart analysis. Understand that price movements can take place within any amount of time causing the same effect regarding the journey and destination of any particular price movement.

Timeframenessness has something to do with the narratives of price movements. What we ultimately trade is a narrative, a story of price movements. Always have this in mind and give priority to narratives, instead of all the technical stuff that can never be a good fit to a story that does not respect timing for either its creation or its outcome.

Immerse, Flow & Shine.
Be empowered,
Andras