At times I'll review, interesting article from "SOB Kunay" a professional trader about the relation graph and time frame. Many beginners are confused trade using an appropriate time frame to determine / use of indicators which are adjusted with a time frame. Here are 20 key to how the Relation of Chart and Time Frame Power.
- I view with both charting and chart and TF relations of power.
- TF is the main door of a trading system.
- We view the market movements in one day at a time in the form of a bar and this means we see the movement of a market in the view, one month and one year
- Chart pattern that occurs here is one month and one year, and here people like to don’t understood in the trading system
- Though clearly masing2 TF have different perceptions
- Likewise with TF 4H means is that we understand.... market movements within 1 week and 1 month
- Meanwhile, 30m, 15m, 5m is the intraday / daily
- Entry, of course we use depends TF
- Likewise with SL and TP
- Here the need for a thorough understanding of a whole view of the TF so that we can decide wisely when we are SL or locking, because each TF has a rest , and this is what then makes the channel and the like
- This thorough understanding. Give us complete information so that we can ride the market all the time movement, and there was no hesitation on the mark "RED" in our meta, because if you are using SL, and then appeared a red alert!
- So back to the basic trading system, each of which used. TF set what they are, and here's why? why sometimes a trading system does not provide a good trigger when at a certain TF
- This simple crossed = analyze all TFs, but it is here the power of an analysis
- Suppose the triangle chart pattern, he sometimes appeared in the TF 5M, 15m, 30M or 1H, but he's very rare in the TF 4H, the reason is simple because a large range 4h
- While Triangle is a chart pattern that indicates a confirmation when the price will be changed, by the triangle because that will often be seen at the bottom 1h TF
- Yet another with the channel, instead he is more often seen in TF 30m, 1h and 4h
- Only with this capability is extremely flexible so we can see the market, and more discerning in determining SL, TP and Lock
- For entry then you will see something beautiful, that is where SL
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2 comments
Great post
Thomas
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Posted on August 29, 2010 at 1:23 PM
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Posted on January 10, 2011 at 7:55 PM