Time Frames in Forex

How do the professional traders define shortterm mediumterm and longterm? Remember that - I think it was Adam Smith - said that in the long run we are all dead.

Henry

It depends. For me short term is 5m-1h, medium term is daily and long term is weekly/monthly.

Regards - Xaron

So if you are looking at the longterm trend, do you look at the expected position of a currency pair in 1 or 2 months?

Can't know it's position in 1 or 2 months, can't even know it's position in a week. All you can know is that a particular pattern will tend to continue, and trade with that in mind.

Be sure you have your contingencies in case it doesn't... when you do tighten stops? When do you set to breakeven? When do you exit? Early? Trailing stops? lots of questions to answer there.

I would consider any trade opened and closed inside a 24 hour period short term. Anything trade opened and help for over 24 hrs to a week medium range and anything opened and held onto for more thena wek long term. This is my opinion though. I am sure we could find others with a different perspective That I would love to hear from too on this matter.