DislikedI think that's a good point. Many here are saying to check a higher T/F before trading. But I'm more interested in what's happening on the T/F I'm trading and check a lower T/F to enter for the reasons you gave. After all it's impossible for the 4hr to go up whilst the 15m is going down
As I understand these candles you can not tell where the price was when a candle opened, only if it reversed past 50% of the previous candles body.
However whilst this can be handy to know, the previous candle does not necessarily show where the price was...Ignored
TO be honest.....for me.....and I dont know if I am understanding this all correctly.....and please anybody feel free to correct me or explain to me why I should ignore the smaller time frames..............so for me.....lets say we get the ideal signal....the green cross red, angles perfect, etc etc....BUT its on the 5 minute chart.....now lets say its strong....it continues and then you click up to your 15 minute chart....all of a sudden the same signal is there becasue it has carried through from the 5 minute.....PA still strong etc etc, we click up to our 1 hour chart and the signal is there......by now becasue you entered on the 5 minute chart you are probably up 50 odd pips......and so on and so on...problem being that by the time it hits the 4 hour, it may have run out of steam.....I havent tried this but this is how it appears to me in my head....am I wrong.....so why is it better to be just looking at the 1 or 4 hour charts and not at say the 5 minute for a great signal and following it up through the time frames?? and please believe me....I DONT want to be looking at smaller time frames...it sends me crazy but I just cant see how not to....