Why do Professional traders Look at daily charts?

[Why do Professional traders Look at daily charts?]

I’m thinking each chart should confirm another chart .. my confusion is on which chart am I looking for a pattern ? 5 min  and use 1 min as a confirmation ?

thanks

[Why do Professional traders Look at daily charts?]

Hello everyone,

I’m at the begging of this road too, so, sorry asking simple/stupid questions.

Thinking of all 3 charts, 1 min, 5 min, 15 min and daily. On the daily chart I understand we look for support resistance levels and pick one (out of many) that is the closest to the price in action.

what elements, specificaly you look on each chart when analyzing it so you can recognize a tradable pattern. What exactly I should pay attention on 1min, 5min , daily charts ?

Thank you.

[NYC Meetup - Redux]

I’ve just joined a couple of days ago, and would be very happy to meet you anytime, in August.