Disliked{quote} Hi bigwal what TF do you use? I mean do you use a fixed TF, or switch different TF to analysis chart ? thx a lot.Ignored
I like the 5 min chart because i can see the orders being filled and the order flow as a whole. Other time frames are there for the larger picture, a scalp can turn into a long term trade if timed correctly, equally, we do not want to play a set up right into a brick wall above. It is always good to have an eye , where we are!
I try to look past the time frames as it is only a visual representation of price history. How did they manage before charts were around?
The market is made up of decision points , for example a drop , base , drop. The base part was a pause if you like, then a decision is made to drop lower. Now if price is at the low and rises above the base (decision point) the orders are wiped out and the signal is to go higher! But first the banks want a wholesale price, so it is pulled back to the low but not exceeding as to stop out the first move up.
Let me show you
I am out this evening and bit on the weekend. Have a great weekend all.
Warren
I need to finish something i started