I am some what new to the forex market, about 2 months. Ihave pretty much figures out most of the charting concepts, what to look at and what to look for to enter and exit a trade. One area that is proving to be very confusing to me are the time frames. I really cannot figure out which one, two or three i should be watching and trading off of. Example, a 1 hour chart may show the pair in a up trend and a 30min or 15 min chart shows the same pair in a down trend. I am often confused as to which to beleive and which way trade, buy or sell. I welcome any insite.
Which to believe? All of them, of course. The market isn’t lying to you. There are different elements working at different timeframes in the market. It is quite common to see opposing trends in that manner.
The question you should be asking is what timeframe is the one you should be operating in. That will tell you which charts to look at.
I feel most comfortable with:
M15 - For trade executions
H4 - For main analysis
In cases where you want to catch a correctional dip or tip and you want to pin point an entry the best thing to do is going down to the M5 and M1 time frame to find a good trend line break.
Regards,
E. Lang
That assumes day trading, of course. You wouldn’t use those chart timeframes for swing or position trading.
Thats right, i don’t hold positions for more than a few days as of yet.
May do in the future i suppose, if i feel comfortable with it 
Regards,
E. Lang
Thanks, I am slowly trying to figure out at this time just what type of trading I can really do. I am starting to look at more of the long term, 1,2 or 3 day on the daily or at least 4 hour chart. It is difficult to make any real pofitable trades on the 1,5,10.15 minute chars in the evening hours of westcoast U.S. mainly because at that time of night it seems most of the pairs just flat line, or at least until the london mkt opens. So I think I am going to start watching and trading more on the daily, hour charts.
You could still do well trading asian session to london session in your situation. Daily charts requires a wide stop loss ±100 pips. If you can handle that go daily otherwise minimize your risk and trade minis and still trade the daily charts.