Will the position process and outcome differ if done on different time frames?
Like if the trend is upwards on daily time frame and downwards on 1 hr frame, will the outcome of the same position differ between the 2time frames?
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I’m not quite sure how to answer this, but say you are looking at the 30m chart, 8 of those candles represents 1 4hr candle, the prices are exactly the same it’s just visually different. People tend to use shorter timeframes for more precise entries.
its not very clear what youre asking however you always bow to the higher timeframe so if its bullish on the daily i would wait for the 1h to come in line otherwise its technically a counter trend move
It seems better to ask the question this way. When u find the higher time frame for example upward, I have to wait for a position with an upward signal to enter the trade?and the other question is that when we switch to higher time frame, I have to zoom out to find the major trend or dont have to zoom out? It is very important for me to know the answer because sometimes when I switch to higher time frame, I found for instance a minor downtrend however the major trend is upward. In such a situation, what is the position that I have to look for in lower time frame? Long or short?
Still quite confusing… sorry
My advice would be to find a strategy you are comfortable with, the time frame matters when deciding how long you want to have your positions open for. In my opinion scalpers use the minutes, day traders use the hours and swing traders and above use the 4hr and beyond. There is not a right or wrong answer, but the information you want can only come from your own experience. Trade how you feel comfortable and in a way you can consistently profit.
If you need any more help message me.
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Hi Kian. What is your idea about multiple timeframe strategy that I asked above. I will be appreciate if u reply it.
I have a “multiple timeframe” strategy… actually I really am confused myself, you have put my mind in a twist…
Understand this first, then read my reply again. I can’t aid you without knowing your so called “multiple timeframe” strategy. I don’t want to come across as rude but you really have to find the answer to this via trading.
I talk here about my own strategy where I now use the daily chart and 4hr chart
Well, if the orders are opened at the same time and in the same direction - then of course not.
The situation may differ on different timeframes, taking into account that the market is constantly in great dynamics and changes every second. The situation may differ dramatically and you should take this into account when making a decision.
Hi everyone.is 1% position size from the amount of of deposit or 1% from standard lot 100.000 that’s where i get little confused
Just choose one approach and analyze the situation on no more than three nearest timeframes, otherwise you will never be able to find the right position.
Do not confound yourself.
The 2 time frames to be used must be in close proximity to each other. Then only you will get a clear indication of the trend that is forming.
Its wrong to start with the assumption that trading automatically demands two different time-frames. Some strategies do, some don’t.
I suspect that some strategies have a higher or lower time-frame requirement bolted on simply to look more complicated and therefore better thought out, implying greater reliability. Like people used to do with multiple technical indicators. Take nothing on trust.
I am not quite sure what you are actually asking here, but the outcome of a position will always be the same whatever the timeframe in question.
There is only one price at any one time and that price will be the same on every timeframe. The only difference is how the historical price movement looks when looking to the left of your chart. Each timeframe will segment the past price movement into candles according to its definition. For example, yesterday’s daily chart candle will have the same open/high/low/close as across the 24 separate 1-hour candles for the same day (the same open/close values showing on the first and last candles in the series).
So whenever you open and close a trade on, say, a daily chart, it will be the same price on any other chart you look at.