Always take a look at the time frame widely
Moderators: mgmirkin, Moderators
Always take a look at the time frame widely
It gives the bigger picture of market price movements and thus helps to clearly define the trend. For example, when trading with 15 minute time frame, take a look at 1 hour charts.In the same way: trading with 1 hour charts would require obtaining a picture of daily, weekly price movements.If a trend in Forex is hard to spot dash; choose a bigger time frame. Up and down market patterns are always present. Make sure you know the dominant trend, unless you are a scalper. Scalpers have no need to spend their time studying large trends, instead what's happening in the market here and now (on 1-5 minute time frame) is their main concern.