Always take a look at the time frame widely

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zaronal
Mi-Go Brain-Bait
Mi-Go Brain-Bait
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Joined: Sat Mar 27, 2010 1:13 am

Always take a look at the time frame widely

Post by zaronal »

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.
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