Hello guys , I have a problem that I’m sure many other newbies have
I really like to use 50/200 simple moving averages,they are really nice
but most of the time they give mixed signals on different timeframes
for example you may see price jumped back from 200SMA in 1H showing some support but at the same time price is coming close to 50 or 200 SMA in Daily chart showing that you might see resistance
something like that , I’m sure you will get what I mean
Also the exact same problem with ichimoku clouds that price might be above clouds in one TF while in another might be below or getting close to it
What is the solution here ? Thanks <3
It’s probably safer to rely on the higher TFs where the big money is being placed and that’s why it’s a positive probability to make profits.
The lower TFs are full of retail traders, who play around with one another. However, some money movement could eventually filter though to the higher TFs.
So if you’re swing or daily trading use the Daily chart with entries no lower than the 4hr. If you’re playing around in the lower TF’s with Ichimoku use the 1h as the indicator guide.
I use the 52EMA as one prime indicator on the Daily chart - buying above and selling below. If the lower 15m TF is in accord it’s a positive probability of being on the right side of a trade. BUT, what happens later is anyone’s guess. At least you’ve given yourself better odds.
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