Prince Sajir
(princesajir)
Membre depuis Jan 25, 2022
posts 137
Jan 17 at 08:25
On the daily chart, the trend is up and you should be long at this point. However, the 1-hour chart is clearly trending down.
This makes me confused, should I go with the daily trend or the 1 hour?
This makes me confused, should I go with the daily trend or the 1 hour?
Ytilaer J Law
(SewCoin)
Membre depuis Dec 01, 2022
posts 15
Jan 17 at 10:13
Trade the trend is safer. If you were to trade during the opposing trend, You will be considered to be trading on a “Retracement / Pullback”. Before price continues the HTF direction. Time deviation is key in trading times like these. Just identifying where you are in the market. Hope this helps
Five Hundred A Day, Will Take The Pain Away,
Alsahlanee1983
Membre depuis Feb 12, 2021
posts 1
Jan 17 at 23:23
Well my personal openien, I think it depend on what kind of trader are you. Some scalping methods works both sides up and down and from what i see and we all see the trend can change at any moment. I think there is no safe trends. Otherweise everyone whould have made lots of money.
The sky is the limit, if you dream it, you can have it
Prince Sajir
(princesajir)
Membre depuis Jan 25, 2022
posts 137
Jan 18 at 07:46
SewCoin posted:Thank you for your advice. It's important to follow the trend, and at the moment my strategy is still mainly focused on one trading cycle, but the results are not too good.
Trade the trend is safer. If you were to trade during the opposing trend, You will be considered to be trading on a “Retracement / Pullback”. Before price continues the HTF direction. Time deviation is key in trading times like these. Just identifying where you are in the market. Hope this helps
Prince Sajir
(princesajir)
Membre depuis Jan 25, 2022
posts 137
Jan 18 at 07:48
Alsahlanee1983 posted:I am a trend trader, well, at least I think so myself. It's just that my trading decisions can be very difficult when minor trends and major trends want to go against each other. At least so far I have not come up with a good solution.
Well my personal openien, I think it depend on what kind of trader are you. Some scalping methods works both sides up and down and from what i see and we all see the trend can change at any moment. I think there is no safe trends. Otherweise everyone whould have made lots of money.
Marcel Durham
(MarcellusLux)
Membre depuis May 19, 2020
posts 213
Jan 25 at 17:35
This is the usual state of the trend, when the correction begins, it seems that it can start trend reversal.
First, before opening a trade, it is necessary to assess the risk of possible consequences if the trend begins to correct and reverse and determine the maximum allowable drawdown level.
I also face the fact that I get different signals on different intervals, but I always focus on the timeframe where I see more advantage on my part. I don't trade long term and it's important for me to be consistent, so if I see that the market analysis indicates a short-term decline (when daily growth), then I can easily switch a trading timeframe for a while.
First, before opening a trade, it is necessary to assess the risk of possible consequences if the trend begins to correct and reverse and determine the maximum allowable drawdown level.
I also face the fact that I get different signals on different intervals, but I always focus on the timeframe where I see more advantage on my part. I don't trade long term and it's important for me to be consistent, so if I see that the market analysis indicates a short-term decline (when daily growth), then I can easily switch a trading timeframe for a while.
@Marcellus8610
JeanRodriguez022
Membre depuis Jan 25, 2023
posts 1
Jan 26 at 10:52
Numerical data are used to calculate trend analysis. Most of the time, this data is historical.
It depends on your analysis if use a daily chart as the main chart to determine a major trend, hence in a lower timeframe needs to look in the same signal direction, the market often repeats history, and in the major trend, the price never moves only one trend without retrace. In the daily timeframe also need to figure out possible support and resistance as the possible major trend will end and reversal time is begin, whatever decision you made, the risk remains there and need to prepare.
There is a lot in trading against the background of “I have such a point of view” and, most importantly, “based on analysis”. These are concepts that I would generally consider one of the main ones, because a lot is based on this.
Prince Sajir
(princesajir)
Membre depuis Jan 25, 2022
posts 137
Feb 02 at 08:11
@JeanRodriguez022 Do you mean I need to analyze the statistics for different cycles before making a decision?
Prince Sajir
(princesajir)
Membre depuis Jan 25, 2022
posts 137
Feb 02 at 08:13
@FXOday Thanks for the suggestion, it gives me a new direction for my research.
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