Hi Guys
Thanks Auxesis and MaMood for your answers.
This trend thingy is very tricky for me. The problem is that in all directional move we have a pull backs. If we look on a daily time frame and for example we are in up trend and we experience a pull back few days so in the smaler time frame of up trend lets say 4hour or 1hour we will see down trend that is within the uptrend it is minor relative day trend.
IF i decided that we are in up trend on a daily than i have to look for up trend in smaler timeframes but because of the pull back i see down trend in smaler time frame.
What do you guys do in situation like this
I attached 3 pictures of EURUSD Daily 4hour and 1 hour
On daily we clearly can see uptrend and than a pull back that in 4hour and 1hour looks like down trend? What you will do how do you handle situation like that ? Or situation like this is from "turn on wind" department ?
Thanks
Michael
Thanks Auxesis and MaMood for your answers.
This trend thingy is very tricky for me. The problem is that in all directional move we have a pull backs. If we look on a daily time frame and for example we are in up trend and we experience a pull back few days so in the smaler time frame of up trend lets say 4hour or 1hour we will see down trend that is within the uptrend it is minor relative day trend.
IF i decided that we are in up trend on a daily than i have to look for up trend in smaler timeframes but because of the pull back i see down trend in smaler time frame.
What do you guys do in situation like this
I attached 3 pictures of EURUSD Daily 4hour and 1 hour
On daily we clearly can see uptrend and than a pull back that in 4hour and 1hour looks like down trend? What you will do how do you handle situation like that ? Or situation like this is from "turn on wind" department ?
Thanks
Michael
Do not be victim to conflict of the General and Commander in you - by FTI