Hi All,
I see quite a lot said about timeframes and then the timeframe for entering the trade... just trying to get my head around this properly. So I am learning to trade off the D1 charts using price action so this is the start / basis of my analysis. When people say they do this but then look for an entry on say the H1 chart what exactly does this mean? Are you taking your overall signal from the D1 chart but then waiting and looking at another signal on the H1 chart?
Could someone please give me a really simple example?!
Thanks!
I see quite a lot said about timeframes and then the timeframe for entering the trade... just trying to get my head around this properly. So I am learning to trade off the D1 charts using price action so this is the start / basis of my analysis. When people say they do this but then look for an entry on say the H1 chart what exactly does this mean? Are you taking your overall signal from the D1 chart but then waiting and looking at another signal on the H1 chart?
Could someone please give me a really simple example?!
Thanks!