When I finally earned my first million from the market after going through ups and downs, I realized an important lesson: in trading, there is no need to get overly entangled in the contradictions between different time frame indicators. This is because the ultimate goal of trading is to make a profit, not to conduct academic research.

To effectively manage the relationships between different cycles, we need to understand two core concepts: trading cycle and trend cycle.

The trading cycle refers to the time frame you pay the most attention to during the trading process. It encompasses all operations such as your entry, take profit, stop loss, and order management. Choosing the right trading cycle is crucial, and this mainly depends on your personal schedule.

For example, if you are a busy office worker who can only check the market after work every day, then the daily chart may be the most suitable trading period for you. If you are an office manager who can occasionally pay attention to the market, then the hourly chart may be more appropriate. For traders who insist on day trading and do not wish to hold positions overnight, the 5-minute chart may be the ideal choice. As for full-time traders, I recommend choosing a time frame that you are most interested in and skilled at as your trading period.

After determining the trading cycle, the next step is to clarify the trend you are following. This introduces the concept of trend cycles. The market often has inertia, and once a trend in a certain direction is formed, it usually does not change easily. To improve the success rate of trading, we need to identify and follow these trends.

Understanding and correctly applying the concepts of trading cycles and trend cycles can help traders better seize market opportunities, improve trading efficiency, and enhance profitability. Remember, successful trading requires not only technical analysis but also effective time management and market insight.