5 Answers
<p id="isPasted">Shorter timeframes are used to zoom into a chart. As a rule of thumb, a timeframe that is one degree shorter than the selected timeframe provides around 5 times more information regarding price-data.</p><p>For example, if you switch from the monthly to the weekly timeframe, there’ll be roughly four weekly candlesticks that form a monthly candlestick.</p><p>Switching from weekly to daily, there will be five daily candlesticks that form one weekly candlestick.</p><p>Switching from the daily to the 4-hour timeframe, there are six 4-hour candles that form a daily candle, etc.</p><p>No matter what timeframe you use, each candle includes …</p>
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<p>In my experience, multi time frame analysis is confusing and not needed for all instruments. If you are an investor, go for weekly. if trader, HR…synthesized in 5tf as per needs. This needs bit research. Data won't change. It’s the candle patterns that differs. The reliability is of course more in HR pattern for day trading. The problems are more with data feeders, and brokers, as they calculate hrs in different ways and candles change. Follow one, that provided by your broker. Whatever the data, have a solid strategy n follow one till you master it (LINDA Raschke).the problems with …</p>
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<p id="isPasted">You must use multi time frame analysis. Time frames can multiply returns.</p><p>In order to consistently make money in the markets, traders need to learn how to identify an underlying trend and trade around it accordingly.</p><p>Common cliches say “Trade with the trend.”, “Don’t fight the tape.” and “The trend is your friend.” But how long does a trend last? When should you get in or out of a trade? Here we dig deeper into trading time frames.</p><p>I always recommend trading using at least 3 time frames. A time frame to give directional bias, a time frame to provide …</p>
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<p>One possibility is that you are in the default mode of automatic vertical scaling. If that is the case, you can simply double-left-click inside the far right-hand side price scale and it will automatically scale vertically to fit the vertical screen. If you would like to gain the same look back again, just left-click inside that same price scale, hold down the mouse button and drag in a downward motion inside of that price scale and it will give you the same appearance that you have pictured. If, on the other hand, you are in the "fixed scale" mode, then …</p>
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<p>I prefer a 1 minute chart. This chart is precise and all the price movements can be analyzed using this chart. Forex, being volatile requires minute to minute monitoring of prices I feel.</p>
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