During some recent trading refection I found myself doubting the existence of 4 hr bars and daily bars. We all use difference brokers and live in different time zones and we all trade forex, BUT it would seem that there is rarely an agreed upon time of day when 4hr or Daily bars begin/end.
Different times of the day have different meanings to each trader and each trader views his own point of view as the most important. So who's to say any trader is wrong in valuing a certain time of day. Circular I know.
Here's my point.
Is not the 1 hr bar the most important bar? It appears to be the longest TF that everyone sees the same (Depending on the brokers prices).
Personally I prefer longer TFs, but now I just zoom out on the 1 hr TF to see what is really going on.
Different times of the day have different meanings to each trader and each trader views his own point of view as the most important. So who's to say any trader is wrong in valuing a certain time of day. Circular I know.
Here's my point.
Is not the 1 hr bar the most important bar? It appears to be the longest TF that everyone sees the same (Depending on the brokers prices).
Personally I prefer longer TFs, but now I just zoom out on the 1 hr TF to see what is really going on.