I’d appreciate some guidance on this because I’m going round in circles so I’d like to know what you guys do..
I’ll draw in the horizontal SAR and trend lines from all the timeframes so I’ve covered any SAR that might have an effect.
I’m trading Forex on a 5 Min chart and look at 30M or 1 hour for general trend direction. Do you think I need to bother with a higher timeframe like the 3 hour. ?.
Whenever I look at higher timeframes for trend direction I get confused by too much information.
This is made up so might be a bad example but supposing I see 1 day chart was up but now in a range, 3 hour had been down but turned up – could be a turn or a retrace, 1 hour is in a range, 30 min is in a downtrend. See what I mean ?.
I’ll draw in the horizontal SAR and trend lines from all the timeframes so I’ve covered any SAR that might have an effect.
I’m trading Forex on a 5 Min chart and look at 30M or 1 hour for general trend direction. Do you think I need to bother with a higher timeframe like the 3 hour. ?.
Whenever I look at higher timeframes for trend direction I get confused by too much information.
This is made up so might be a bad example but supposing I see 1 day chart was up but now in a range, 3 hour had been down but turned up – could be a turn or a retrace, 1 hour is in a range, 30 min is in a downtrend. See what I mean ?.
