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Sunday, February 27, 2011

Time frame

The first thing that we have to do is decide, whether we want to trade in a 5 minutes chart or time frame or in a weekly time frame. Forex trends occur and may last for 5 minutes as well as 1 or more years.
Different chart time frames might show completely different trend patterns. If a weekly chart shows upwards trend, a 4 hour chart might signal for short entries. You have to choose the main trend time frame and select smaller time frame chart for better entries. Do you like forex scalping or long term trend trading?
Anyway, choose your time frame, because the same principles of trend trading apply to all time frames. I personally would rather choose 1 hour and 4 hour charts to trade and smaller time charts for entry signals.
Posted by at 7:34 AM

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