Hi everybody 
I am new to forex trading. Still confused about using the different time frames. I use 1,5,& 15 min. But my indicators seem to be giving contradicting signals on different time frames. 1 min says sell but 5 min says buy. Can anyone explain please?Thx
That’s why you should only focus on one time frame as a newbie.
Lets Say you want to trade 5min charts , and your analysis says you should buy , just stick to your 5 min chart and don’T look at other charts .
I’m also new to Forex , but i think the difference is that if you’re buying looking at 5 min charts compared to 4 h charts you’re normally going to close the positon much earlier (5min chart ).
That’s why there could be a breakout in the 5 min chart which lasts about 15 minutes . but in the 4 h chart you might be going in the opposite direction , but your open positions in the 4 h chart remains open much longer most of the time , so the price has lots more swings .
Even if your finally closing your position with a 90 pips + winning after 3 or 4 hours, there might have been a time where you would have lost some pips if you would have closed it earlier.
I hope you understand what i mean
Pls correct me if i said sth. wrong .
Hi everybody I am new to forex trading. Still confused about using the different time frames. I use 1,5,& 15 min. But my indicators seem to be giving contradicting signals on different time frames. 1 min says sell but 5 min says buy. Can anyone explain please?Thx
All charts from monthly to 1min. have highs & lows (peaks &
troughs) Therefore if you watch a 15 minute candlestick it will make new
highs & new lows at various intervals.
Each candle has an open, close, high wick & low wick. It could open at
one value, the price could go down, (indicated by a red, or black
candle) then reverse & go up (indicated by a green, or white (hollow) candle)
then finish as a spinning top with no actual body at all (open=close)
So if you then drill down from a 15 min to a 1 min you are seeing each
change as new candles. You are in fact splitting each 15 min candle into
15 parts, following the peaks & troughs more closely.
Therefore the weekly trend may be down, but the daily trend could be up.
Further reading.
Introduction to Candlesticks - StockCharts.com
Free Forex Books, Download Best Forex Books, Forex E-Books
In this one you want peaks & troughs by Martin J Pring.
It would be advisable for you to trade a longer time frame for eg 2 hr or 4 hr.
Such a small time frame to trade is usually call scalping which can be extremely dangerous when u dont know what you are doing.
Hope that helps.
Best Reg
Chin Liang