Chart Precedence

Hey guys quick question... i learned some new thing like surfing waves off of one and five minute charts. But the question is if i see a wave or a fib entry setting up on a one minute chart, but then switch to a 15 minute or 60 minute chart i see a double top or a channel that formed which one takes precedence? will the larger chart play out? And both charts are at a price where it should either bounce off the resistance or support on the 60 minute or it should keep going in the same direction off the one minute chart because it hit the 62% number of the fib in a retracement?so basically which one takes PRECEDENCE



thank you

I never like to trade against the trend of the higher time frame charts. I would rather find a signal on the higher time frames then swith to a lower time frame and look for an entry opportunity in that direction.

seant is correct.counter trend trades on a 5 or 15 min chart against a larger time frame such as daily are sometimes great trades but you must have a very defined and proven strategy to do so succesfully over the long haul. there are many proffessional traders who will not even think of daytrading against the long term trend. for beginers it usually spells disaster. when i take short term trades against the trend i have a checklist that must be met to the tee for me to take the trade. this is why it is important in my opinion to trade multiple markets. if a particular market is going sideways i look for another market that is trending. merlin commented one time that he was amazed i could watch 20 plus markets, what i am really doing is cherry picking the best moving markets to trade at any given time. do not limit yourself to just the forex markets, keeping an eye on the dow, bonds, commodities etc and trading markets with a defined trend will serve you better than trying to force trades because you are just watching several. of course as i always say this is just my opinion.