How can I reconcile the time frames? - Forex Questions and Answers - FXAnswer

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How can I reconcile the time frames?

1. I like to trade using the smaller time frame 5m and 15m time frame. but the use of this times has not profited me because most times after i enter the market with use of any of this time frame the trend will go against me, some time i will exit only to see the trend go my direction. normally I use 5m and 30m to enter position.
2. How can i reconcile the smaller time frame with the bigger time frame?

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- thegreeks
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1 year ago

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0 Votes 1. Maybe you have to check out other technical indicators, particularly those that could predict trend reversals. Why don't you try making use of stochastics or RSI? Also, make sure that no top-tier reports are released during the time you are trading since these could result to sharp reversals. 2. You can check the longer-term time frames for the general trend and switch back to the shorter-term time frames to pick your entry point. What I normally do is trade in the direction of the general trend because that's usually the path of least resistance. 3. I think your strategy of using shorter time frames, such as the 5-minute or 15-minute charts, should work pretty well. Just take note of major support or resistance levels and psychological levels (00's and 50's) on the long-term time frames so that you could catch some pips off the bounces or breakouts. 4. A couple of hours in a trade should be more than enough. by Harold 1 year ago by Harold 1 year ago
0 Votes Use indicators like stochastic and MACD to help you decide the direction. Put them into all the time frames. If all of them point in the same direction especially the 15min and 5 min then the probability is higher. Use Fibonacci or support resistance levels as reasons to enter a trade. 30 minutes chart is not a good timeframe to use to enter the market seeing that you are a short term trader. by RPT 1 year ago by RPT 1 year ago
0 Votes You can make sure that the market trend in shorter and longer time frame have same direction before placing a trade. by Kingpin 1 year ago by Kingpin 1 year ago
0 Votes by studying them by Dave 1 year ago by Dave 1 year ago

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1. Maybe you have to check out other technical indicators, particularly those that could predict trend reversals. Why don't you try making use of stochastics or RSI? Also, make sure that no top-tier reports are released during the time you are trading since these could result to sharp reversals.

2. You can check the longer-term time frames for the general trend and switch back to the shorter-term time frames to pick your entry point. What I normally do is trade in the direction of the general trend because that's usually the path of least resistance.

3. I think your strategy of using shorter time frames, such as the 5-minute or 15-minute charts, should work pretty well. Just take note of major support or resistance levels and psychological levels (00's and 50's) on the long-term time frames so that you could catch some pips off the bounces or breakouts.

4. A couple of hours in a trade should be more than enough.

Harold

1 year ago

Votes

Use indicators like stochastic and MACD to help you decide the direction. Put them into all the time frames. If all of them point in the same direction especially the 15min and 5 min then the probability is higher. Use Fibonacci or support resistance levels as reasons to enter a trade. 30 minutes chart is not a good timeframe to use to enter the market seeing that you are a short term trader.