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Old 03-28-2007, 08:06 AM
stusontheforexnoob stusontheforexnoob is offline
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Join Date: Mar 2007
Posts: 16
Default Chart Detail Question

hi all.

Can someone clear something up for me please.

When someone says something like "looking at the 4h chart" I can select the 4 hour tab in my charting software but then I can also zoom in or out using + - buttons.

The reason I ask is that if I select the 4h chart and all data I need to zoom in a bit to see the trend over a slightly shorter timeframe or it shows me months worth.

The 4H bit means that, that is the "period" of data sampling right?

So, how long should the timeframe really be on the time axis of the chart?


For the Cowabunga (or and system really) should I let it show me a week for the main trend or just a few hours.

when you zoom with buttons are you effectively changing the timeframe and my software is just not displaying it quite right or have I not understood a dimension to the charts ?


(to illustrate why I ask, looking at GBPUSD. since the 14th there is a trend up suggesting only long trades, but zooming in a bit more to only see the last 3/4 days, its currently a down trend. I got yesterdays signal the same as the big man (pats self on back), a long trade, suggesting a wider timeframe.)


Thanks

Stewart
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