There are so many charts to look at when one wants to trade any one currency pair. Monthly, weekly, daily, 8hr, 4 hrs, 2 hrs, etc. chart. All these various charts seem to point to conflicting directions for the currency pair in question. What is one to do?
it is true that on any currency chart of time there could be an entirely different trend. Even with this happening though, this can be of benefit to us.
When looking for a trend in say, the 15m tf, you might use psar as a buy/sell signal and look ahead to the 4h to determine overall trend.
By doing this, you increase the likely hood of a positive trade. And this can also be applied to the 4h and daily.
So even though it looks confusing, having multiple tf’s help you a lot.
I was a Department of Chinese people. I saw the look you write four hours chart, 4 hours chart, we must combine day chart with the look. That effect is even more is better. Best dollar index would also like to put this monster good look USD index and the currency you are to do synchronization or reverse the trend, it is optimistic about “The U.S. dollar index this monster,” you know you win and a loss of money.
我是专做gbp/usd的英/美与美元指数是反着走的。美元指数上，那英/美就跌。而且美元指数对中国的股票市场的影响是极大的啊！
Me is designed to do gbp / usd British / US and the U.S. dollar index are anti-a go. U.S. Dollar Index up, Na Ying / United States on down. And the dollar index on the impact of China’s stock market are great ah!
each chart represents the activity going on in that TIMEFRAME at that moment in time ---- if one were to look at the daily chart, you might see it moving up and as you “magnify” that ONE daily candle you find that it holds much activity that you cannot see by looking at it.
as you move down each timeframe, you begine to magnify or examine the smaller components of each daily candle until you get to the one minute chart which shows EVERY minute of what has or is happening to the daily candle during the 24 hour day.
traders pick which timeframe they wish to trade, paying attention to that one particular timeframe and ignoring (except for the trend, of course) all other timeframes movement.
during the movement of the 15 minute timeframe from support to resistance, the one and 5 minute timeframes will change their movements many times, showing in the 15 minute as ups and downs, but if one has chosen their take profit points well, you will find that your price will be hit and at that time, the 15 min timeframe will experience a retracement, allowing you to either trade the short side of the move, or wait till the dip finishes and re-enter for another attempt on the long side ---- if the currency is in a downtrend, then the next high on the 15 min chart will be lower than the previous one, and if the trend is up, then the next high will be higher than the one before !
che
I usually focus on the 5M, I occasionally gaze at the 1H to get a “quick” idea of market sentiment. Though I’m adapting my strategy, it’s usually a good idea to trade with the 1H if using smaller time frames. These days, I’m using a few EMAs to get that feel, so I rarely look at anything but the 5M. At the end of the day, use what works for you… go practice on all time frames. I once spent a month on each, and I was just most comfortable on the 5M because of smaller drawdowns… my emotions didn’t get to me lol.
Hi Guys/Gals, just looking around to see if there is somewhere that i can find info on times or sessions for pairs and how they trade during those times ??
EG; EURGBP during asian session - usually sideways (ZigZag market)
Thanx in Advance
Thanx Kingofpips, that gives us Times of sessions, part 1, though anyplace or Thread talking about Pair Personality During Different sessions, part 2. ? ?