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Al saide,the most important thing is to look at the left context, and my question is what scale to use to look at the left context. If the scale is small, you will see too many bars, and if not, you will see too few bars, which can affect your judgment. In a small scale it may be a TR, but in a larger scale it may be a trend.
In the many examples I've seen so far (I'm at the 49s), he has always referred to the same time frame in which he intends to trade, and his charts are usually about 100 to 150 bars (one to two days, more or less, on the five minute time frame).
Experience, as far as I can tell. He often mentions that the market has inertia - it tends to keep doing what it has been doing (until it doesn't). So, if you look left and see that it has been in a trading range, it will tend to remain in a trading range; if an up trend, it will keep going up; a down trend, it will keep going down (at least until it completes some form of a reversal pattern, like a wedge). Note these aren't rules, more like rules of thumb.
@myvsopverizon-net thanks for you reply , However, many of the Numbers AL talks about, such as after 20 bars pb....., or 2-3 bars PB....., is do dependent on timeframe .If I switch from 5 minutes to 30 minutes, is that still the same amount(20?2-3)?
@303172979qq-com You have to trade the chart in front of you so you need to count the bars in your time frame.
It can happen that you have the same pattern in two different time frames, for instance, a 60 bar wedge in the 5 min chart can be a 20 bar wedge in the 15 min chart. In this case, both patterns will have a 10 bars and 2 legs correction in their respective time frames.
Because 10 bars in the 15 min chart are 30 bars in the 5 min, the 30 bars correction will form another 5 min tradable pattern. Therefore you don't need to be aware of the 15 min really, but focus on the patterns and context you see in the chart you are trading, specially because other times different time frames may have conflicting signals, so you can have a swing buy in the 60 min but a short scalp in the 5 min, which will get you crazy so, again, stick to one chart and trade accordingly.
